Bob MaleckiPoster#3 Tax Liens & Mortgage Notes Contributor
- Investor
- Kingston, WA
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Is a Fractionalized Deed of Trust in WA state allowed?
I recently came across a syndication offering which had a component for fractionalized deed of trust for investors who would lend to the project in subordinate position. As I recall WA does not allow for fractionalized DOTs. Any comments or evidence that this is/is not allowable in WA state?
Thanks