One minute lien financing might have a claim on a single guarantee swimming pool while the first lien or it may possibly be protected by an independent group of possessions.
One minute lien financing might have a claim on a single guarantee swimming pool while the first lien or it may possibly be protected by an independent group of possessions. Next lien debts are usually guaranteed by an additional consideration safety interest or lien on specified guarantee acquiring the debtor’s duty within the interest and provide a higher degree of…read more →