In many lending situations, there is simply a borrower and a mortgage lender, but in some situations a mid-level lender can be included to help fortify the financial power for greater flexibility. In such cases, an agreement must be struck not only with the borrower, but also between the primary lender and the entity providing mezzanine financing, or the secondary party.The agreement used to stipulate methods of communication between the two lenders and procedure should the borrower default on…See More