Products tagged with 'syndicated land mortgage'

Sort by

Display per page

Alberta Co-Owner Power of Attorney re Syndicated Mortgage

The co-owner appoints the issuer of the investment (developer) as his/her attorney with respect to executing, filing and registering any documents necessary to document and protect the co-owner's interest in the mortgaged lands.
This legal form template is available as a downloadable MS Word template.
Intended for use only in the Province of Alberta, Canada.

$6.29

The employee must provide the issuer with the Statutory Declaration in compliance with Securities Act regulations.
The Declaration states that the employee is not required to purchase the units as a term of his/her employment, and that s/he has read the offering memorandum for the syndicated mortgage offering.
This legal form template is available in MS Word format.
Intended for use in the Province of Alberta, Canada.

$2.29

Each of the investors who have purchased an undivided interest in the syndicated mortgage will be issued a certificate evidencing their tenancy-in-common share in the mortgage.
Interest will be calculated annually and paid quarterly.
All percentage ownerships rank pari passu (that is, equally on a proportionate basis).
The certificates are subject to redemption by prepayment or repayment of the mortgage.
This form is a downloadable MS Word template.
Intended for use only in the Province of Alberta, Canada.

$6.29

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

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