A non-listed mortgage scheme is a form of investment plan that pools investor funds.
The pooled funds are often used for the purpose of lending to borrowers for the purchase of residential or commercial real estate.
The plan is unlisted, which means that it is not traded on a stock exchange and so is not subject to the same level of regulatory monitoring as listed stocks.
These schemes are also referred to as private mortgage pools and syndicated mortgages. They are often restricted to accredited investors and may involve a greater degree of risk than other real estate investments.