In an intercreditor arrangement between a mortgage lender and a mezzanine lender, which of the following is true?

(a) A mezzanine loan foreclosure always requires consent of the mortgage lender.

(b) The mezzanine lender is in a better position than the mortgage lender in case of a bankruptcy of the property owner.

(c) The mortgage lender and the mezzanine lender each has different collateral for its loan.

(d) The mortgage lenders rights to cash flow from the property will always be superior to that of the mezzanine lender.

(e) The mezzanine lenders interest in the real estate collateral is subordinate to the mortgage lenders interest in the real estate collateral.