Prepare a
Loan Agreement for a syndicated mortgage transaction with this template form for Canada.
- The syndicated mortgage is being offered as an investment opportunity to raise capital for development of the subject lands.
- Part of the loan advance will be set aside as security for repayment of the interest on the loan. The remainder of the loan proceeds will be used to purchase, develop, finance or refinance the land.
- Additional security for the loan includes the mortgage, an assignment of rents and leases, and a reserve fund.
- Interest accrues daily, is calculated quarterly in advance and is payable quarterly in arrears.
The
Canada Loan Agreement for Syndicated Mortgage Transaction template is available as a fully editable Microsoft Word document.
