Corporate Resolutions re Syndicated Mortgage | Canada

The resolutions authorize the corporation to:
- lend money to a related corporation (typically a land development company) under the terms of a syndicated mortgage on the lands owned by the borrowing company, and
- enter into a co-ownership agreement with the investors who purchase fractional interests in the mortgage.
This package of templates is available as a downloadable MS Word file.
Intended for use only for corporations incorporated in Canada.

$6.29

Loan Agreement for Syndicated Mortgage Transaction | 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.
Available as a fully editable Microsoft Word document.
Intended for use only for transactions in Canada.

$29.99

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.

$29.99

The trustee holds title to the land in trust in accordance with both the Trust Agreement and a Co-Owners Agreement among the co-owners and the issuing corporation.
The co-owners, when not in default under the agreement, are entitled to full rights of ownership of the land, including possession and right of use.
The trustee will not be required to expend its own funds or incur any financial liability.
The Trustee has the power to commence any actions or proceedings it considers necessary to protect the rights of the Co-Owners and their respective interests in the land.
This legal form template is available as a downloadable and fully editable MS Word document.
Governed by Canadian laws and intended for use only in Canada.

$29.99