What the Heck Is a First Position Mortgage and Why Should You Care?
By Dan The Hard Money ManIf you’ve ever watched a foreclosure auction and wondered who gets paid first—it’s the first position mortgage holder. And that could be you.
When you invest in a real estate loan, the "position" refers to your priority on the property title. First position means your investment gets paid back before anyone else—before HELOCs, second mortgages, or Uncle Larry's handshake deal. At Acadia Capital, we only fund first-position loans because we don’t believe in standing in line. We want our investors to have the strongest possible claim on the asset, should things go sideways. It’s not just about security—it’s about control. And when it comes to protecting your capital, first place is the only place worth being.