Korth Direct Mortgage
KDM makes loans to borrowers and issues Mortgage Secured Notes (MSNs) to fund the loans. MSNs are issued to fund loans on single properties or groups of properties owned by a single borrower. Repayment of each series of MSNs is dependent the mortgage payments received on a specific loan made by KDM. EachMSN is linked to a specific underlying property or pool of properties. Cash returns to investors from MSNs result directly from the mortgage payments from a specific property or pool of properties and a specific borrower.
Registration statements relating to many of the securities discussed on this website have been filed with the Securities and Exchange Commission but may have not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time a registration statement becomes effective.
All investors should understand the risks of purchasing MSNs and therefore should carefully read the section entitled “Risk Factors” in the prospectus for the offering they may purchase.