Three Convenient Investment Options to choose from
No two investors are the same. You may be very young and ready to invest for the long-term, very wealthy, just your average income earner, or at a point in your life where your primary interest is in attaining annual cash flow while preserving your nest egg. At Prestigious Properties we understand, and that’s why we create different investment vehicles to choose from.
Limited Partnership (LP) across multiple assets
This was our most common investment offering which is distributed to investors through an Exempt Market Dealer (EMD). Essentially, funds are raised from numerous investors who will share in a group of properties, cash-flow and equity appreciation or value creation though a legal structure called a Limited Partnership (LP). The minimum investment amount is $10,000 (2 units @ $5,000) with larger investments made in $5,000 increments. Kings Castle LP is our current offering open for investment. This provides even the most savvy real estate investors with an RRSP and TFSA eligible investment option.
These investments, such as LP4, Prism A or Kings Castle LP, are now closed for new investments, the last one in late 2015 and are now being impeccably managed for maximum investor ROI over the next few years.
This option was popular the last decade but we are at the moment NOT offering this option.
Specific Project, outside an LP, usually shorter in duration
Since we have a lot of deal flow, are well connected in real estate circles and have been in business for over 15 years, we often come across opportunities that are excellent. They maybe mobile home parks, re-development projects, foreclosures, land development projects or construction projects. These may or may not be RRSP eligible, and may or may not be available to all investors.
The current Mobile Home Park Opportunity with a perpetual 14%+ target yield (and 8% cash on cash annual target yield, paid monthly) is an example of such as an investment. To find out more, please click the button below
Major Partner Institution or High Net Worth Individual
Investment terms can be set to meet the unique requirements of institutional investors and individuals with a high degree of personal net worth. The minimum investment for this option is usually more than $2,000,000.
The investor signs one document up front, and all paperwork is taken care of. Prestigious Properties will work with a set of banks to offer pre-approved, low rate, up to 75% (or even 85% in some cases) mortgages. Will send monthly statements and will take care of all property management issues.
It may be an investment in one building or many buildings, exit options are flexible, as are cash-flow arrangements. For instance, it might be prearranged to take equity out after a certain period, then refinance and hold longer term. The Major Partner option allows for customized arrangements to achieve the right balance of short term gains and security, or long term equity growth with an eye on cash-flow. Contact us directly please, as this is best discussed on the phone, or in person.