Mezzanine FinancingMezzanine 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. option provided by the Fannie Mae-designated mezzanine LenderLenderPerson Fannie Mae approved to sell or service Mortgage Loans. .