Log In needed $125,000 · Investors needed for 24/30 unit condo building in Victoria (Victoria BC)Report Ad
Invest in the construction of a new Condo building in Victoria BC Canada
With a minim $125,000 investment
This opportunity is a straight forward investment, in the building of a new Condo building in Victoria BC Canada.
You will be just providing the finance only !
You will not be buying a Condo ,just providing some of the construction investment
Permits are already in place and the property has already been excavated and work started
Your investment would be to purchase one share at a cost $125,000 per share which pays interest per year of 10%
There is no management fee, involved just a straight forward purchase of investment shares which total 30 shares in total .
You can buy a minimum of 1 up to a maximum of 30.
This will provide the necessary finance to then obtain all permits obtain pre sales and start the marketing of the condo units.
Your shares will be secured on the property at all times and will be paid out once the condos complete, this will be an average of 18/20 months from start.
Your shares will be paid out after the construction loan has been paid, but before any amounts the developer receives.
Your shares will obtain an interest of 10% per year, interest being accrued and paid out when your shares are purchased back from the sales of the condos
This offering is totally secure, they are no grey areas all you are doing is to help finance the construction of this condo building Your share will be resisted as part owner of the property.with a total of 31 owners .The developer will have one share and total voting rights and the sole director.
He will be the one on site and watching your investment grow,he will be the registered developer and manager on site and will supervise the build of the Chiara.
He will also have a proven track record of buildings with the Victoria Area and is duly registered with BC Housing and an approved New Home Warranty provider .
All monies will be accounted for in the construction, monthly reports will be sent out to shareholders on the progress and site visits encouraged.
you can see our web site at http://www.chiaraonthegorge.com/
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