Intercreditor Agreements Between Senior Mortgage Lenders and Mezzanine Lenders (Commercial Real Estate Loans) | Practical Law

Intercreditor Agreements Between Senior Mortgage Lenders and Mezzanine Lenders (Commercial Real Estate Loans) | Practical Law

A Practice Note discussing intercreditor agreements between senior mortgage lenders and mezzanine lenders. It examines the key differences between mortgage and mezzanine loans and the risks to both lenders posed by the existence of other debt. This Note also discusses the rights and obligations that are typically set out in an intercreditor agreement and gives important negotiating and drafting tips for counsel to both mezzanine and mortgage lenders.

Intercreditor Agreements Between Senior Mortgage Lenders and Mezzanine Lenders (Commercial Real Estate Loans)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
A Practice Note discussing intercreditor agreements between senior mortgage lenders and mezzanine lenders. It examines the key differences between mortgage and mezzanine loans and the risks to both lenders posed by the existence of other debt. This Note also discusses the rights and obligations that are typically set out in an intercreditor agreement and gives important negotiating and drafting tips for counsel to both mezzanine and mortgage lenders.