Participation Mortgages

Definition of "Participation mortgages"

Karen Jorgensen real estate agent

Written by

Karen Jorgensenelite badge icon

Upside Real Estate Group Inc.

  1. Involves more than one borrower being responsible for a mortgage, such as with a cooperative apartment.
  2. Involves more than one mortgagee lent on a real estate project, such as with a large commercial project.
  3. Agreement between a mortgagee and a mortgagor that provides for the lender having a certain percentage ownership in the project once the lender makes the loan.

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