You either apply for a brand new first mortgage, or apply for a second mortgage. (hoyes.com)
Developers Diversified Realty obtains new first mortgage financing from Goldman Sachs Commercial Mortgage Capital L.P., an affiliate of Goldman, Sachs & Co.. (nreionline.com)
All subordinate / junior liens must be resubordinated to the new first mortgage. (themortgagereports.com)