Use this template to prepare a Loan Agreement between a lender (issuer) and a borrower (developer) which forms part of a syndicated mortgage transaction being offered to investors under an offering memorandum in the Province of Alberta, Canada. Provisions of the agreement include:

• The purpose of the loan is to purchase, develop, finance or refinance the lands subject to the syndicated mortgage.
  
• Interest is calculated daily, calculated annually in advance, and is payable semi-annually in arrears.
  
• The borrower is entitled to prepay the Loan or any part thereof at any time prior to maturity without notice, bonus or penalty.
  
• The loan is secured by a mortgage and a promissory note. The lender agrees to subordinate the mortgage to construction financing.
  
• The file includes a Term Promissory Note.

This is a Canadian legal document in MS Word format.