First Lien Position
First lien position refers to the primary, highest-priority claim on a property that serves as collateral for a loan. In the event of default, the first lien holder is paid before any other creditors.
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What is First Lien Position?
It signifies that the lender has the first right to the proceeds from the sale of the property if it goes into foreclosure.
Common Features of Private Lending Software
Workflow Automation
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Ecosystem Integrations
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Why First Lien Position Matter
It significantly reduces the lender's risk, which often translates to more favorable loan terms and lower interest rates for the borrower.
Unsecured Loan
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Non-Recourse Loan
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Escrow
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Variable-Rate Mortgage
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Points
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After Repair Value
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