how does loan syndication work 
loan syndication is a process that involves multiple banks and financial institutions who pool their capital together to finance a single loan for one borrower there is only one contract and each bank is responsible for their own portion of the loan one institution acts as the lead and is responsible for getting other banks on board documenting collateral assignments and distributing payments from the borrower who are the parties involved in loan syndication loan syndication is a process that involves the borrower and two or more banks one bank acts as the lead or the syndicate agent and is responsible for overseeing documentation and repayment this bank then filters payments to the remaining banks 