For instance, there are companies that specialize in securitizing the mortgages (a way of turning an illiquid asset into an investable security), as well as groups that focus on packaging cash from hundreds of investors and turning it into developer loans (also known
as syndicated mortgages).
As a syndicated mortgage holder you are second in line, behind any bank loan against the project.
Not exact matches
Developers and builders use
syndicated mortgages as part of their financing to take a project from conception to completion — and this is where the risk lies.
Some
syndicated mortgages are advertised
as «safe» or «fully secured.»
The project's life is set
as part of the
syndicated mortgage terms.
As of July 1, FSCO has also issued new disclosure forms that
mortgage brokers must fill out and give to clients or lenders involved in
syndicated and other
mortgages.
Passive investment opportunities, such
as second
mortgage investments and
syndicated mortgage investment opportunities, provide families with alternatives to «big bank» GICs and mutual funds while concurrently providing principal - protection and additional cash flow.
A
syndicated financial advice columnist who once only recommended reverse
mortgages as a last resort has changed his tune.