Multifamily residential real estate loan secured by Liens LiensLien, mortgage, bond interest, pledge, security interest, charge, or encumbrance of any kind. against the Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). having higher priority than the Lien LienLien, mortgage, bond interest, pledge, security interest, charge, or encumbrance of any kind. securing the Subordinate Loan Subordinate LoanMultifamily residential real estate loan secured by a Lien against the Property having a lesser priority than the Lien securing another multifamily residential real estate loan on the same Property. purchased by Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! .