Updated over 5 years ago on . Most recent reply
Syndication
Hello all, I've been through some flips and holds, I have come across a few deals where I had a title company draw up a form to where a partner syndication deal is in place their investment is secured and accruing interest as a lien holder. The form of the lien is a balloon mortgage at 15% interest until the property is sold. My question is, instead of writing up lien for a partner that is not part of the current contract in place, is there a standard Syndication form or agreement for these types of deals? I know every syndication deal is different as far as terms mutually agreed upon the parties involved. Just wondering if anyone has a form they use.
Thanks!
Most Popular Reply
If it's a true syndication, it's a security. If so, you need a securities lawyer, as jail time could be the consequence of not getting it right. Good luck.