Isaac Kremer/ June 21, 2019/ / 0 comments

Pledgling property as security for a loan to purchase or construct a building. A first mortgage is one obtaining primary consideration when unpaid debts are settled through liquidation or bankruptcy or other forced sale of a property. A junior mortgage is a second, third, or other mortgage receiving consideration with less priority. (Ziegler, 1975)

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About Isaac Kremer

A nationally recognized downtown revitalization leader, downtowns Isaac managed achieved $350 million of investment, 1,300 jobs created, and were 2X Great American Main Street Award Semifinalist and a 1X GAMSA winner in 2023. His work has been featured in Newsday, NJBIZ, ROI-NJ, TapInto, and USA Today. Isaac is a Main Street America Revitalization Professional (MSARP) with additional certifications from the National Parks Service, Project for Public Spaces, and the National Development Council.

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