Second Lien Position
Second lien position refers to a subordinate claim on a property. If the property is liquidated, the first lien holder is paid in full before the second lien holder receives any proceeds.
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What is Second Lien Position?
Loans in the second position, such as home equity loans or second mortgages, carry higher risk because there may not be enough equity to cover them after the first lien is satisfied.
Common Features of Private Lending Software
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Why Second Lien Position Matters
Due to the increased risk, lenders typically charge higher interest rates for loans in the second lien position.
Term Sheet
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Refinancing
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Collateral
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Mezzanine Financing
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Loan Term
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Return on Investment
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