Helping people become homeowners sooner, and making money from solar power are at the heart of new investment innovations that Adam Gant and Emanuel Arruda, Founding Partners of Victoria-based League Assets Corp., will be unveiling at Marriott Renaissance, 1133 W Hastings St. Vancouver, BC on Thursday, April 21 @ 7:00 pm (Pacific).
Gant and Arruda will be visiting Victoria as part of their Cross Country Tour to personally update their 2,500-plus Canadian investors. They will also be publicizing the company's various investment products, including its latest ones: the condominium sales launch for the Colwood City Centre, League Family Equity Fund (LeaFE) financing, and the Member Partners' Solar Energy Limited Partnership."We know that homeownership is key to financial well-being," said Gant. "Through the shared equity mortgages offered first to purchasers of condos in Colwood City Centre's Triumph Gate and Victory Tower, the League Family Equity Fund, will help more Canadians become homeowners sooner."
Through this Fund, he explained, people can buy a home with a down payment as low as 5%—without the need for CMHC or Genworth Insurance and the associated premiums, make no monthly payment on the downpayment. So, by providing the bulk of the downpayment capital, while not increasing their monthly payments, League Family Equity Fund financing can help more people qualify for home ownership. If and when the time comes to sell the property, the homeowner and the Fund simply split the net proceeds on a 50-50 basis, even though the equity fund put up the majority of the downpayment. "Canadians have been waiting a long time for this kind of breakthrough, and we've been waiting a long time to unveil it to our investors and the public," adds Gant.
The other major offering is the Member Partners' Solar Energy LP that will finance the installation of solar power devices mounted on rooftops in Ontario. "The province's Feed-in Tariff (FIT) program guarantees a fixed price per kilowatt hour of electricity over a 20-year period," said Arruda. "And since the cost of the installation, location leases, and even the amount of sunlight hitting the panels is all predictable, calculating the cash flow resulting from energy production is a breeze."
League currently manages approximately $800 million in assets, with total build-out value of approximately $2 billion. This includes the IGW REIT, a $230 million Real Estate Investment Trust comprised of Canadian commercial, industrial and residential properties; and a number of individual Limited Partnerships. League finds, acquires, improves and operates these properties on behalf of more than 2,500 Member-Partner investors. Anyone wishing to learn more can request a copy of League's "Blue Book of Real Estate Syndication" (see below).
This document is for information purposes only and is not an offer to sell or a solicitation of an offer to purchase securities. Any offering will be made by way of offering memorandum or, in Ontario and Quebec, will be made only to accredited investors or those investing more than $150,000.
There are risks associated with this investment, which risks are discussed in the offering memorandum and subscription agreement. You are encouraged to read the offering memorandum (available upon request) and the subscription agreement before making your investment decision.
Download League's proprietary investment book, The Blue Book of Real Estate Syndication, and the Company Backgrounder booklet at http://league.ca/about.
Source http://pr-usa.net/
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