An agreement whereby two or more lenders share in advancing a portion of a loan made by the originating or "lead" bank Terms of the agreement set out a method of apportionment and interest rates The lead lender generally services the loan for which it receives a fee
A loan in which more than one lender or more than one borrower has an interest; a loan in which the lender receives partial ownership in the enterprise that is being financed
An agreement whereby two or more lenders share in advancing a portion of a loan made by the originating or "lead" lender Terms of the agreement set out a method of apportionment and interest rates The lead lender generally services the loan for which it receives a fee