A mortgage-dependent promissory note, or “MDPN,” is a note in which an investor receives stated interest and principal, provided the borrower makes payment on the underlying loans. PeerStreet issues an MDPN to investors, meaning they have a direct interest in the underlying loan and indirect interest in the underlying property.
Mortgage-Dependent Promissory Note
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PS Funding, Inc. CA Bureau of Real Estate - Real Estate Broker License No. 01984664; California Finance Lenders License 60DBO-45398
PS Funding, Inc. CA Bureau of Real Estate - Real Estate Broker License No. 01984664; California Finance Lenders License 60DBO-45398