Sometimes they have a larger national developer partner the brand feels more comfortable with and then the smaller local developer is the junior partner.Your dad needs a local commercial retail attorney with new construction and development experience.

Hi all,My name is Luke Miller, and I am a junior at the University of Iowa majoring in finance with an entrepreneurial management certificate.

My attorney attended the Zoom meeting with her Junior Attorney.

You believe you can purchase a junior lien position for around $500.  

Junior lineholders are generally wiped out by a foreclosure (here in CO, they have redemption rights for about two weeks after the sale, I think that's somewhat uncommon.)

Currently reading RDPD, listening to podcasts and going to be a junior.

They own a junior lien on the property.

Amongst the common misconceptions I see by posters on BP are that hard money loans are junior mortgages to fill the gap between institutional financing and down payment; that it is in lieu of down payment so the borrower can acquire a property with “no money down”, and that it is money borrowed to use for an earnest money deposit.

@Jess Ryan - here is some further reading for you; you definitely want to be certain that you are budging on a fist mortgage and not a junior lien; @Mark Updegraff wrote down in his blog the basics of doing that from when we spoke over the phone. http://www.biggerpockets.com/forums/41/topics/6897...

My high school junior is already taking about how he will manage it and looks at real estate in towns with colleges he is considering.The real issue I think is making sure it's always about family first which sounds hypocritical coming from a divorced guy!