We will provide you with a qualified third party real estate lawyer to represent your interests as the investor(s) to close the investment. Just like the management fees, legal fees are also paid by the borrower.

Unlike mutual funds where fees are subtracted from your overall gain on investment, none of our fees are collected from the investor. While we do collect fees to manage and service the loans, all of these fees are paid by the borrower at the time of closing.

Yes. You can split the loan with a friend, or we can fill the remaining share of the loan with another investor in our network.

Whenever more than one investor come together to extend a loan to a borrower this is called syndication. While this is more common in construction financing, we can use the same approach to split a loan into smaller shares at the preference of our investors. (i.e. If the loan is requested for $120,000; 2 investors could each take a $60,000 share, or three investors could take $40,000 shares, etc.)

Since more effort and time is required to complete a loan in syndication, preference will always be given to a single investor taking sole share in a loan. That said, approx. 30% of our loans have more than one investor.

Due to the short closing timeline for direct mortgage investments (1 week) only non-registered funds are eligible for investment. However, Hosper Mortgage manages a mortgage fund (Hosper MIC) to accommodate RRSP, RESP and TFSA eligible funds. Speak with a representative for more information.