CrowdProperty Australia’s Post

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When we lend money to a developer (potentially your money), there are usually three parties to consider — us (the loan manager), the developer, and the builder. In order to ensure all three parties know exactly where each stands in relation to the loan, the drawdowns and repayments, and terms of the project, we put in place what’s called a tripartite agreement. This is one more layer of security in place to protect the investors in the loan. https://hubs.li/Q02fcBfC0 #TogetherWeBuild #PropertyFinance #ProjectFinance #p2p #PropertyMarket #PropTech #fintech #developmentfinance #propertydeveloper #developmentfunding #residentialdevelopment #residentialproperty #residentialconstruction #residentialproject

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Michael Fox

Chair, Director & Advisory Board Chair, Stewardship & Capacity, Private & Family Enterprise Accredited Specialist, Succession Adviser

10mo

Thanks for the explanation

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