^ I'll take the info. thanks.
^ I'll take the info. thanks.
PM'ing
Ill take any info on this project also.
Thanks
If it matters, but probably not, I invested in this project
and
if things weren't so low on the TSX, I would increase my positions too!
Last edited by max_boost; 10-17-2008 at 01:41 PM.
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
^ Nothing is guaranteed though, especially in realestate lately. I would be a little concerned that their website is now blank. lol
The website is blank because it was one that I built for marketing purposes before the marketing company started work on the project. It is now just being held until the construction starts and we will use the site for builder packages etc.
If you need a site to peruse, www.cancorppropertygroup.com
Sam, there are new opportunities available, quarterly payments etc so when your cash position allows, let me know!
The rest of you requesting info, I will now PM ya!
Last edited by ZorroAMG; 10-17-2008 at 04:07 PM.
Please PM the answers to me as wellOriginally posted by ZorroAMG
Yeah I should have elaborated that the Chartered banks don't LIKE to lend on raw land and usually don't. They HAVE made exceptions though
This is by no means a cakewalk for the development standpoint and for the investor even though there is risk, this particular investment (not grouping us into other syndications) is as low as they come.
I do appreciate your background/knowledge and I love the different questions...
I've pm'd the answers since the technical stuff is over most people's heads.
If anyone else wants these answers, I will be happy to PM you.
Zorro, awful tunage on that site.
This quote is hidden because you are ignoring this member. Show Quote
I've been involved/worked with mutiple companies that has raised capital in the same fashion. Most investors do not realize the risks involved and are a bit blinded by the high interest rate paid out. IMO "due dilligence" 4 years ago is a poor pitch used to justify risk to potential investors.
How long has cancorppropertygroup been around? How are the packaged debt investment products better than the competitors offerings:
http://www.frplfinance.com/index.html
http://www.sci.ca/
http://www.waltoninternational.com/
Not sure if I follow your logic. If borrowing from banks were a option, why would Cancorppropertygroup not go this route? It would be a smarter financial decision as the interest would be lower allowing the company in increase its bottom line. Not to mention avoid paying sales commissions, transfer fees, etc associated with the bond offering.Originally posted by ZorroAMG
PS banks DO lend on raw land to companies with our track record....we just didn't want to pad their pockets anymore
Re-read my posts and check out the sites I posted, I don't care to reiterate everything I've said for those people that are too lazy to read
Banks want pre-sales. Pre-sales = us selling lots way below market value to make banks happy. Private investors don't ask for presales because when we sell the lots to the builders at market value, the profit goes to the investors. I find it hard to believe you have worked in this industry and aren't aware of this simple concept.
As far as 4 years due diligence being a poor pitch, I'm afraid I dont follow. You are saying you'd rather some fly by night developer comes in, buys land and then claims they will may XXX return for an investor?
I appreciate your questions, but your approach with negativity and criticism when I have ALREADY answered most of the questions publicly here leads me to believe you are not as informed as you say you are.
PM me for any further questions.
I will address the competitor offerings though by one statement:
Get all the project offering memorandums from each developer ( not the glossy sales packages, the legal documents) put them side by side and compare and I CAN say our offering is the strongest and most transparent.
It's a lot of reading, so enjoy!!
Can you please PM me the answers as well? Thanks!
Hey everyone!
Just a heads up to all that have invested in the First Offering 8% + profit sharing:
The offering memorandum for this one expires on Oct 31, 2008 so any of you still on the fence need to pull the trigger. The new OM will be released in November when we receive the approvals and of course at a reduced rate of return seeing as the risk once the development is approved will be significantly lower.
Also, we rolled out the new Flex Bond offering on the new land component purchased in the development. This offering has a flat return of either 14% annually or 11% quarterly return. This new offering has no profit sharing component, simply a great interest rate with the two payment options. This is great for those hesitant investors since there is no interference with their return from the market.
Min investment in either is $10,000, of course both are land secured, RRSP eligible.
PM me if you are interested!
Only if I had money right now... stupid mutual funds...
Well, we will be reducing the min investment to 5000 in Jan when the new tax free savings account goes in to effect...start saving!
5K! I think I can afford that! lol sounds awesome.
Is the ROI still going to be the same though? or less because your only investing 5K?
As per the post directly above you, ROI will change Oct 31. Returns are the same regardless of investment amounts
We are about to get approvals, thus removing the majority of the development/investment risk.
Risk/reward.
The 14% and 11% quarterly bonds will remain though...still fantastic returns for such low risk.
Let me know...
You mind sending me some of these details? ThanksOriginally posted by ZorroAMG
As per the post directly above you, ROI will change Oct 31. Returns are the same regardless of investment amounts
We are about to get approvals, thus removing the majority of the development/investment risk.
Risk/reward.
The 14% and 11% quarterly bonds will remain though...still fantastic returns for such low risk.
Let me know...