Syndicated mortgages gaining popularity

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FDS Broker Services announced Thursday that it recently reached the milestone of funding $100 million in Fortress Real Capital syndicated mortgages.

“We are thrilled with achieving $100 million in client investments sales and will continue educating Canadians about the value of the Fortress Real Capital product,” said Zafar Khawaja, CEO of FDS Broker Services. “At FDS, we take pride in offering investors a product that finally gives them real returns and peace of mind.”

Fortress Real Capital claims to offer clients the opportunity to earn 8 per cent fixed interest annually by investing in one of its syndicate mortgages – allowing investors to become one of several mortgage lenders on a construction property.

“Syndicated mortgages in projects like the ones offered by Fortress benefit the average investor. People understand real estate, however they don’t have the time or skillset to immerse themselves and be actively involved in the industry,” said Glenn May-Anderson, President of FDS Broker Services. “The combination of FDS and Fortress allows consumers to receive the benefits of being involved in real estate investing in a passive manner.

It’s an investment opportunity that seems to be popular within the mortgage broker community, with FDS continuing to expand sales since its inception.

“FDS has doubled sales yearly since the brokerage opened in 2009,” Tony Poplo, COO of FDS Broker Services said. “We are directly involved in financing these development projects. It makes us proud to know we play a role in providing Canadians housing.”

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