Where does my investment go? To DLG or is there a Trust Account?
When DLG receives investor funds, they are placed in a trust account at our bank until such time that DLG receives notice that our investors’ interest in the participation agreement regarding the loan is recorded in the real property records in the jurisdiction where the real estate securing the loan is located. It is only after this notice is received that the investor funds are transferred to DLG’s account. When DLG receives funds from a borrower for payment, those borrower funds are placed in a trust account pending distribution to investors. Note that the use of trust accounts helps provide that neither investor funds nor borrower funds will ever be commingled with DLG operating funds. Trust funds do not provide a guarantee of, or insurance for investments in DLG loans. STANDARD DISCLOSURE: MORTGAGE PAPER SECURITIES ARE NOT RATED OR INSURED AGAINST LOSS AND MAY BE SUBJECT TO SIGNIFICANT RISKS THAT ARE FURTHER DESCRIBED IN THE GENERAL AND SPECIFIC OFFERING CIRCULARS. PAST PERFORMANC
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- Where does my investment go? To DLG or is there a Trust Account?
