
International and National Commercial Real Estate Lending
ALL U.S., World Wide
and OUR
HOME CITIES SEATTLE BELLEVUE & TACOMA
"projects closed everyday that banks turned away"
Mezzanine Financing- This
is a type of loan secured by a mortgage or trust deed in which the
loan (lien) is considered junior or secondary to another mortgage or
trust deed. Borrowers may request these loans because they already
possess a favorable first mortgage on their property and they don’t
want to refinance or lose the favorable first mortgage terms. Thus a
mezzanine loan is supplemental financing which is typically offered
at a higher rate and for a shorter term. Mezzanine financing can be
very costly due to the risk that the lender is taking on. |