sᵻkjˈʊɹd lˈɛndɚz wɪl ɹuːtˈiːnli ɹᵻkwˈaɪɚɹ ɐn ˌɪntɚkɹˈɛdɪɾɚɹ ɐɡɹˈiːmənt tə pɹətˈɛkt ðɛɹ ˈɪntɹɛsts bᵻfˌoːɹ ɐlˈaʊɪŋ ɐ bˈɑːɹoʊɚ tʊ əbtˈeɪn ɐ sˈɛkənd lˈiːən lˈoʊn.
Secured lenders will routinely require an intercreditor agreement to protect their interests before allowing a borrower to obtain a second lien loan.