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What is a senior loan?
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19th Nov 2009 by Burt Carlson
In real estate the senior loan (aka first mortgage or first lien) is secured by a property usually a home. In the event of default the first lien holder has a priority interest in the property which is the collateral or security for making the loan in the first place.
In real estate the senior loan (aka first mortgage or first lien) is secured by a property usually a home. In the event of default the first lien holder has a priority interest in the property which is the collateral or security for making the loan in the first place.
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17th Nov 2009 In Finance
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Subjects: senior loan,