Joint Venture Agreement to Purchase Mortgage | USA

Prepare a Joint Venture Agreement for a venture being set up to purchase a mortgage using this digital template for the USA.

• The parties are jointly purchasing a promissory note secured by a mortgage or deed of trust.
• Each party shall contribute a specified amount of capital, and make additional contributions as required.
• Each party is entitled to revenues in proportion to their respective interests.
• Decisions require the approval of all venturers.
• The joint venture will not maintain a bank account in its own name, but will use a mortgage servicing company to collect payments and make distributions.
• The parties appoint an attorney in fact to effect the purchase of a suitable mortgage.
• Available in MS Word format.
• Intended to be used only in the United States.