ðɪ ɚɹˈeɪndʒmənt fˈiː ænd ˈɪntɹɛst fˈaɪnæns əvə sˈɛkənd lˈiːən lˈoʊn ɑːɹ hˈaɪɚ ðɐn ðoʊz ʌvðə fˈɜːst lˈiːən sᵻkjˈʊɹd lˈoʊn ʌvðə sˈeɪm bˈɑːɹoʊɚ bɪkˈʌz ʌv ɪŋkɹˈiːst ɹˈɪsk fɚðə lˈɛndɚ ðæt kˈʌmz fɹʌm ɐ sʌbˈoːɹdᵻnˌeɪɾᵻd sᵻkjˈʊɹɹᵻɾi ˈɪntɹɛst.
The arrangement fee and interest (finance) of a second lien loan are higher than those of the first lien secured loan of the same borrower because of increased risk for the lender that comes from a subordinated security interest.