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Debt vs Equity in Property: Which One Do You Really Hold?
-Debt vs equity in property development: why a high-LVR loan can behave like equity, and three questions to find where your fund truly ranks.
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First mortgage, second mortgage and mezzanine: what your ranking actually buys you
-Every private credit fund calls itself secured. Your place in the capital stack decides who is repaid first when a development loan goes sour.






