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Alberta Syndicated Land Mortgage by Offering Memorandum

Use this template to prepare a Syndicated Land Mortgage pursuant to an offering memorandum issued in Alberta.
  • The purpose of the offering is to raise capital by way of selling fractional interests in the mortgage to investors.
  • The mortgage is given as security for a loan agreement, under which the land developer is borrowing funds to purchase, develop and finance the land.
  • All interest on becoming overdue will be treated as principal and will bear compound interest.
  • The mortgagor may prepay all or part of the principal at any time when it is not in default, without bonus or penalty.
  • The mortgage also contains a section of clauses specifically for condominium mortgages.
The Alberta Syndicated Land Mortgage by Offering Memorandum is available as a fully editable Microsoft Word template.

Download: Alberta Syndicated Land Mortgage by Offering Memorandum

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Canadian Law Resources: (14-Apr-2018) E.&O.E.

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