Private Mortgages
| Security | Registered as a Mortgage on title of the property |
| Rate of Return | 7-8% on First Mortgages 10-12% on Second Mortgages |
| Terms | 6-12 months |
| Collateral | Residential Properties |
- Real Estate Market is an alternative to other volatile & non-asset based opportunities.
- Private Mortgages provide a consistent rate of return during the term of the mortgage.
- Interest is paid directly to the lender by the borrower. We do not administer mortgages.
Flow of Funds
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1
Lender
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2
Lender’s lawyer
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3
Borrower’s lawyer
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4
Borrower
- After all broker & legal due diligence is complete.
- Lender transfers the funds to his lawyer’s trust account
- Lender’s lawyer registers the mortgage on the property and releases the funds to Borrower’s lawyer’s trust account
- Borrower’s lawyer transfers the funds to the borrower
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