leasehold mortgage

Definition of "leasehold mortgage"
  1. A type of mortgage where the loan or obligation is secured by a leasehold interest in a property
How to use "leasehold mortgage" in a sentence
  1. The bank confirmed that their security for the loan is a leasehold mortgage over the property.
  2. The lender provided the funding after it was arranged for a leasehold mortgage on the commercial property.
  3. Peter secured a leasehold mortgage, thereby granting him a leasehold interest to secure his debt.

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