Thanks Thomas, I suppose a separate agreement could be written where my holdco would receive some profit but I would then worry about active vs. passive income.
Thanks!
I would be acting as the lender so it is interesting that I could combine RRSP and TFSA funds to lend to a single borrower.
I suspected that all proceeds would have to be returned to the RRSP, thank you.
Thanks very much Thomas,
1. How flexible are the terms of the mortgage? Is it possible to have a single balloon interest payment at the end of the project or must some interest be paid every year?
2. If I am receiving e.g. 20% ROE can I structure the mortgage with only e.g. 3% interest and keep...
Hello all,
I work for a land developer and participate in company projects; I am wondering if anyone has used an arm's length RRSP mortgage to participate. I believe I would be securing the loan via second or third mortgage on the property to be developed.
I believe that Greybrook uses this...