Intercreditor Issues in A/B Loan Structures (Commercial Real Estate Loans) | Practical Law
A Practice Note discussing the issues addressed in intercreditor and participation agreements between lenders holding senior and subordinate interests in a mortgage loan that is securitized in the secondary mortgage market. This Practice Note discusses the characteristics of split note structures and loan participations, restrictions on transfers, loans servicing, administration, and enforcement including established rating agency criteria for the intercreditor agreement.