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Mezzanine Financing

Description
Provides for payment of a loss under an Owner's policy insuring a real property owning entity or lessee to be made to a Mezzanine Lender pledged partnership or membership interests in that entity. Affords the lender a form of "Fairway", "First Loss", and "Non-Imputation" endorsement coverage.
Requirements
Attach to the Owner's policy insuring the real property owner or lessee. The insured under the Owner's policy must countersign the endorsement.
Premium

30% of the premium paid for the related Owner's policy.
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