Essentially it is a form of assistance like an endowment or subsidy.In that context, Guylaine may have been referring to a legitimate financing option in Québec and I misunderstood her initial post.  

It is often owed to the developer themselves.This is done because the average home buyer seems to think HOAs get some kind of endowment from the developer or builder. 

Havard Endowment has over one billion indirectly invested in these. 

This is something that pension funds and endowments learned years ago.

This is something that pension funds and endowments learned years ago.One thing you can be certain of when reviewing any deal, is that the pro forma is wrong.

I believe every person is endowed with the ability to go BIG but some of us just don't THINK we can do it. 

Hello Fellow Well Endowed Pocket Havers,Background: Recently purchased a single family home in Philadelphia as an investment hold property in cash.

@Parker EberhardThank you for your input I actually don’t know anything about the restaurant business but I don’t feel that is a place for me to turn and run I turn to this platform to learn as much as I could before stepping out with this venture someone on my team is well endowed with information and has ran a few bars of businesses her self and if you have any positive help I would greatly appreciate to hear the information thank you

For a real life example take a look at the Yale Endowment portfolio.3.

We were working with an endowment fund that pulled our financing at the 11th hour and left us scrambling, but we righted the ship and were able to purchase the property with our back-up financing strategy.