2nd Position Lending Security / Gap Funding Question

[Brian T.]

Hello, Was curious if any of you lenders out there have ever loaned as a "gap funder" to be put in a 2nd position and if so, what creative ways they may have come up with to help secure the loan. I realize as 2nd position I can be wiped out so I am trying to see if any of you have any ideas that can help lessen my risk. The borrower has agreed to split net profit w/ me 50/50.  Thanks in advance