A syndicate mortgage is where several lenders combine funds together to create one financial instrument: a mortgage.
When you lend through a syndicate mortgage you are funding a larger instrument; however, your loan is always registered and secured directly to the land under your individual name which translates into direct collateral for you against a real asset.
Syndicate mortgages are CASH, RSP, LIRA, TFSA eligible and are secured by a charge against the property. Terms of the loan range from 2-5 years depending on the project, with a minimum principal amount of $30,000 required. A typical return for our clients is 8% annualized (non-compounded).