Common Contracts
1 similar Intercreditor Agreement contracts
MODEL INTERCREDITOR AGREEMENTIntercreditor Agreement • December 26th, 2007 • New York
Any commercial real estate borrower (a “Borrower”1) usually wants to borrow as much money as possible, as inexpensively as possible. To help accomplish that goal, loan originators will sometimes structure a sin- gle large mortgage loan (a “Loan”) as two smaller loans — an “A” loan, i.e., a senior tranche, and a “B” loan, i.e., a junior tranche or “first loss piece” of the larger Loan. The originator may sell interests in the A loan and the B loan2 to various mortgage investors (each, a “Lender”). Each
