The owner has then an asset affected as security of a loan taken by a third party. (badcreditloanservices.com)
However, if the property is used as security of the loan, the interest rate will be even lower as it provides an additional guarantee for repayment. (badcreditloanservices.com)
Just look at the ranch and how he funded the purchase... loan secured and Arsenal FC was used for security of the loan. (justarsenal.com)