What is a Managed Mortgage Fund

What Is a Managed Mortgage Fund

A managed mortgage fund (or scheme) is an investment vehicle where many investors pool capital, which is then lent out as mortgages secured by property (residential, commercial, or mixed) rather than ordinary bank deposits or shares. The loans might be “first mortgages” (senior, registered mortgages) or subordinate (second mortgages, mezzanine, etc.), depending on the fund.…