Corporate Resolutions re Syndicated Mortgage | Canada

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.
• This legal contract template is available as a fully editable Microsoft Word document.
• Intended for use only for transactions in Canada.

This template is for a mortgage as security to back a loan agreement in a syndicated land investment in Canada.

• The mortgage and the underlying loan agreement form part of a syndicated mortgage transaction.
• The fractional interests are being offered to investors as a means to raise capital for developing the lands being mortgaged.
• The mortgagor can prepay the mortgage in whole or in part at any time, on 30 days notice, without bonus or penalty.
• The mortgagor promises to pay all prior mortgages on the property as they become due. Any default under a prior mortgage will be deemed a default under this mortgage.
• This legal form template is available in MS Word format.
• Intended for use only in Canada.

Prepare an Information Memorandum for a syndicated mortgage investment in Canada with this fully customizable template.

The offering will be made to Canadian residents who want to invest in the syndicated mortgage. Information contained in the memorandum includes:

• encumbrances which are allowed to be registered against title to the land,
• information relating to the land and the proposed development,
• the corporate history and details of the parties involved (lender, land developer),
• details of the purchase and sale agreement for the land,
• details of the co-owner agreement among all the co-owners
• a warning to investors about the speculative nature of the investment.

This template is available as a fully editable MS Word document. Intended for use only in Canada.