Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Junior Debt/Loan/Mortgage

A debt financing obligation issued to a company or an individual by a bank or similar financial institution which is lower in priority to a first or more senior debt/loan/mortgage.

Source: NCREIF | Date: 05 September 2025 | ID: D1239 | Version: 1