More from Harry....
Hello:
10% sounds like an unusually good return, especially in an era of record low interest rates.
How does the program work?
Mind you, another good question might be, given today's low interest rates, how are banks making record profits?
Banking has changed; now, it's all about transaction fees. And, if you think that consumer banking fees are painful, commercial banking is the Financial Olympics! It's astonishing how much money goes sideways to middlemen, managers, lawyers and lenders.
On the bright side, another change in the financial world is the growth of crowd-funding through which individuals invest directly in businesses, people or concepts. In real estate, syndicated mortgages have become popular, allowing individual investors to participate in development financing and earn attractive returns.
However, most syndications are actually third or fourth mortgages, behind a large bank loan. Yes the return is higher, but the security is reduced.
Given the multiple layers of funding, you can imagine the overall fees and interest.
Stinson Properties has created a unique new program that improves the terms for investors and for the developer (....but not the bankers).
The syndicated mortgage is in first position (there is no bank mortgage).
Investors can spread their subscription over 18 months.
The more an individual invests, the higher the return (from 8% to 12%).
RRSP and TFSA funds can also be used.
Investor funds are 125% secured by pre-sales.
Minimum investment is only $25,000.
3 year term.
The project is already fully approved and underway.
Stinson Properties is a boutique builder, not a broker or lender, and the funds are directly mortgage-secured against a specific project.
The builder does not earn it's profit until after the investor mortgage is repaid. This provides extra security for the investor and motivation for the builder.
Learn more about the program - and ask questions directly to the builder - at a private seminar.
WHEN: Saturday, October 10th, 2015
TIME: 9.30 to 10.30 a.m.
WHERE: Hilton Garden Inn, 100 Traders Blvd, (Hurontario and Derry Road), Mississauga, ON L4Z 2H7
ROOM: The Ontario Room
RSVP by return e-mail (
info@stinsonschool.com ) or by phone 289-389-1377.
Regards,
Harry