Frequently Asked Questions
No. The targeted yield is net of any fees.
Accredited Investors
Individual income >$200k OR;
Household income >$300k OR;
Net financial assets >$1M OR;
Net worth >$5M
Eligible Investors
Individual income >$75K OR;
Household income >$125K OR;
Net worth >$400K
Max investment $100k in 12-month period
Non-Eligible Investors
Individual income <$75K OR;
Household income <$125K OR;
Net worth <$400K
Max investment $10k in 12-month period
*12 month limit is for all purchased exempt investments
An investment in Units entails a number of risks, including that there is no market for the Units and a market for Units is not expected to develop; that an investment in Units may include an indirect investment in mortgages and other loans and equity interests in the properties acquired by the LP, and as such, have attached to them the risks associated with investing in real estate generally, such as environmental risk, competition for real estate properties, changes in economic conditions, including the economic impact of COVID-19; risks associated with redemptions and retractions of Units; the possibility of conflicts of interest; and risks associated with changes in income tax regulation.
This Offering is not suitable for investors who cannot afford to assume any significant risks in connection with their investments. The risks are more fully described in Item 8 “Risk Factors”.
The fund will limit mortgages/loans to a maximum of 90% Loan to Value of After Repair Value.
Monthly
1% of AUM of the Fund.
We require 60 days written notice to pull out your funds. They are not locked in at any point. The fund may suspend the redemption of units if the Fund determines that conditions exist which render impractical the sale of assets of the Fund or which impair the ability of the Fund to determine the value of the assets of the Fund. A suspension will apply to all Redemption Notices received prior to the suspension but as to which payment has not been made, as well as to all requests received while the suspension is in effect.
We need 60 days’ notice prior to any redemption. The Fund may apply an early redemption charge on the redemption of Class A Units redeemed within one year of purchase equal to 3% of the NAV of the Units; if between 1 and 2 years 2% of NAV will be charged; and of between 2 and 3 years 1% will be charged. Early redemption charges will be deducted from the redemption proceeds otherwise payable to a Unitholder and will be retained by the Fund. No Redemption Fee is payable on Class F Units or Class W units.
Our investments are purchased through either Atlas One Digital Securities or Laurier Capital Funding.
Recent Investments
Where Have Our Borrowers been Purchasing?
Sault Ste. Marie ON
Market Growth
On an annual basis, home sales totaled a record 1,767 units over the course of 2020. This was up 8.9% from the same period in 2019. The average price of homes sold in December 2020 was $224,960, advancing 24.6% from December 2019.
The Strategy and Model
These borrowers actively offer on properties below the market average with the goal of renovating to build equity. Their target purchase price of $215,000 for detached homes give them a head start prior to renovations as their goal is to hit 8%-10% cap rates (the rate of return that is expected). They have positioned themselves with a strong power team in the area who are very active on the Sault St Marie Real Estate Board to gain access to property databases. They thoroughly research comparable sales and ensure that they buy all under market value which allows lots of cushion for renovation budgets and refinance solutions. They offer on the lowest priced properties in the city day in & day out ensuring lowest purchase prices ongoing.
Recent Investments
Where Have Our Borrowers been Purchasing?
Northern ON
Market Growth
On an annual basis, home sales totaled a record 1,550 units over the course of 2020. This was an increase of 22.7% from the same period in 2019. The average price of homes sold in December 2020 was $166,286, edging up 2.5% from December 2019.
The Strategy and Model
These borrowers actively offer on properties below the market average with the goal of renovating to build equity. Their target purchase price of $125,000 for detached homes give them a head start prior to renovations as their goal is to hit 10%-12% cap rates (the rate of return that is expected). They have positioned themselves with a strong power team in the area who are very active on the Timiskaming District Real Estate Board to gain access to property databases. They thoroughly research comparable sales and ensure that they buy all under market value which allows lots of cushion for renovation budgets and refinance solutions. They offer on the lowest priced properties in the city day in & day out ensuring lowest purchase prices ongoing.
Recent Investments
Where Have Our Borrowers been Purchasing?
Sudbury ON
Market Growth
On an annual basis, home sales totaled 2,723 units over the course of 2020. This was up 8.4% from the same period in 2019. The average price of homes sold in December 2020 was $326,109, advancing 20.1% from December 2019.
The Strategy and Model
These borrowers actively offer on properties below the market average with the goal of renovating to build equity. Their target purchase price of $225,000 for detached homes give them a head start prior to renovations as their goal is to hit 8%-10% cap rates (the rate of return that is expected). They have positioned themselves with a strong power team in the area who are very active on the Sudbury Real Estate Board to gain access to property databases. They thoroughly research comparable sales and ensure that they buy all under market value which allows lots of cushion for renovation budgets and refinance solutions. They offer on the lowest priced properties in the city day in & day out ensuring lowest purchase prices ongoing.