Mortgage Note Broker taking 2nd position lien

[Account Closed]

Looking in to rolling over my ROTH IRA into a SDIRA to invest in my first mortgage note. I am very interested in a particular broker, but wanted to ask a question here to do further due diligence as I am new to note investing.

Question: The broker that I am interested in normally takes second position behind the investors first position (me) holding. Should I be concerned about this?

An example given is on a $100k SFR with a 15% down payment, I come in at first position at 75% and the broker takes second position at 10%

At first glance, this seems like a positive since the broker will have skin in the game, but just wanted to ask you all what you thought. 

[Mike Hartzog]

@Account Closed  It's unclear from your description what the role of the "broker" is in this scenario, other than a 2nd position lender.  My assumption is that they are facilitating the loan for you.  Generally speaking, if you are lending in first position you don't need to be too concerned about junior liens.  What you really need to care about is the borrower's skin in the game and their ability to make payments.  If the borrower is doing a fix and flip, their level of experience, financial condition, etc. would be important as well.