Mezzanine Financing Mezzanine FinancingSubordinate debt financing provided to a direct or indirect owner of a Borrower that is secured by a pledge of the direct or indirect equity interest in the Borrower held by the owner, and not by a Lien on the Property. provided by an approved mezzanine lending affiliate of a DUS Lender DUS LenderLender approved to Deliver loans under the Delegated Underwriting and Servicing program. .