Examples of Junior Mortgage Loan in a sentence

Junior Mortgage Loan" shall mean a Mortgage Loan secured or collateralized by a Junior Mortgage, and also includes any Subordinated Land Purchase-Leaseback.
The Junior Mortgage Loan is secured by, among other things, a mortgage on the Hotel that is junior to the mortgage securing the Senior Mortgage Loan.
The Junior Mortgage Loan is American Bank Center loan number 60493406, made by ABC to Grand Dakota on or about December 30, 2014.
The representations and warranties set forth in this Exhibit VI regarding the Senior Mortgage Loan from which the Purchased Asset is derived shall be deemed incorporated herein in respect of each such Junior Mortgage Loan.
The Specific Order Execution Policy in this Schedule is for our agency cash collateral reinvestment and agency investment product services (“Agency Cash Investment”).

More Definitions of Junior Mortgage Loan

Junior Mortgage Loan. Not applicable.

Junior Mortgage Loan. Any Mortgage Loan with respect to which the related Security Instrument constitutes a lien of other than first priority on the related Collateral.

Junior Mortgage Loan. The term "Mortgage Loan" includes any Mortgage Loan which is Delinquent, which relates to a foreclosure or which relates to a Property which is an REO Property prior to such Property's disposition by the Trust. Any mortgage loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Sponsor, in fact was not transferred and assigned to the Trust for any reason whatsoever shall nevertheless be considered a "Mortgage Loan" for all purposes of this Agreement. The term "Mortgage Loan" includes the terms "Initial Mortgage Loan", "Subsequent Mortgage Loan" and "Qualified Replacement Mortgage".

Junior Mortgage Loan means a performing mortgage loan evidenced by one or more junior promissory notes or a participation interest evidenced by a certificate of participation in a stabilized or transitional commercial, multifamily fixed or floating rate mortgage loan evidenced by a promissory note, in each case secured by first liens on multi-family or commercial properties.

Junior Mortgage Loan means any Existing Mortgage Loan, New Production Mortgage Loan or Pipeline Loan financed or to be financed hereunder and which is secured other than by way of a first ranking legal mortgage or first ranking Standard Security.

Junior Mortgage Loan means any Mortgage Loan which is secured other than by way of a first ranking legal mortgage or first ranking Standard Security.

Junior Mortgage Loan. Any Mortgage Loan that is secured by a second lien on or second priority security interest in the related Mortgaged Property.