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      07-28-2006, 02:59 PM   #1
3s-a-charm
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Investment Opportunity

For residents of BC, Alberta and Saskatchewan Canada ONLY.

$10,000 minimum, $350,000 maximum
1 year term
18% fixed rate
Mortgage backed security
RRSP Eligible

We have an offering on two condo-conversions we are doing in Saskatoon, SK. We have an experienced development team in place and have all the legal paperwork in place for this investment.

RRSP funds are eligible and welcome. Locked in funds are eligible as well. All RSP plans need to be transferred to Olympia Trust to be eligible and we assist in all aspects of the transfer to make it as easy as possible. There are small fees associated with the RSP transfer (new account setup/maintenance - about $150 for the first year and $75/year thereafter). We handle all the other RSP fees on our end so there are no hidden costs associated with RSP investing.

Please give us a call or email for information on this and other investment opportunities we have.

(403) 313-0342
info@signaturecapital.ca

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      07-28-2006, 04:55 PM   #2
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Quote:
Originally Posted by 3s-a-charm
For residents of BC, Alberta and Saskatchewan Canada ONLY.

$10,000 minimum, $350,000 maximum
1 year term
18% fixed rate
Mortgage backed security
RRSP Eligible

We have an offering on two condo-conversions we are doing in Saskatoon, SK. We have an experienced development team in place and have all the legal paperwork in place for this investment.

RRSP funds are eligible and welcome. Locked in funds are eligible as well. All RSP plans need to be transferred to Olympia Trust to be eligible and we assist in all aspects of the transfer to make it as easy as possible. There are small fees associated with the RSP transfer (new account setup/maintenance - about $150 for the first year and $75/year thereafter). We handle all the other RSP fees on our end so there are no hidden costs associated with RSP investing.

Please give us a call or email for information on this and other investment opportunities we have.

(403) 313-0342
info@signaturecapital.ca

royal bank gives like 5.5% here, am I missing something ? 18% is insane
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      07-29-2006, 10:54 AM   #3
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I wish I could offer this to Ontario, but I can't due to a public offering and the laws being related to AB, BC, SK only.

It's at 18% because it's a real estate development and the going rates for mortgage backed real estate projects are typically 10-12% on 1st mortgages and 14-16% on 2nd. This is a 2nd mortgage (we are raising $1.7 Million and have about $1.35 in place) hence the higher rates. Risk/Reward.
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      07-29-2006, 10:58 AM   #4
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I don't see how anyone could possibly loose investing in something from an internet message board
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      07-29-2006, 11:52 AM   #5
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hey, for you doubters, just check his company to make sure it's legit before you invest in it. obvious it would be stupid to just dump your money without checking it first, same shit as with your regular investment opportunities, online or non-online.
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      07-29-2006, 12:40 PM   #6
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I'm getting much better returns from my Nigerian investments lately
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      07-29-2006, 02:17 PM   #7
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Thanks, Canuck. I'm not asking people to write me cheques, here... just offering the opportunity. If you want to hear more about it, send me an email. I can mail out a full disclosure package.

We have a small real-estate investment firm in Calgary and have a few different opportunities available for people to invest in. Why am I putting this on a chat forum?? Why not? We all share a passion for BMW's and I also happen to run an investment company. Imagine how much sooner you could get the new M3 if your money was growing at 18% right now...

Anyways, this is an opportunity that you should have your investment advisor and/or lawyer review and if you are comfortable with it, then you can proceed.

I am available anytime for questions.
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      07-29-2006, 04:19 PM   #8
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so let us know the drawbacks or possible issues


you say if I give you $$$ it'll grow at a guaranteed 18%? sounds really fishy to me.
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      07-29-2006, 05:54 PM   #9
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Quote:
Originally Posted by ward
so let us know the drawbacks or possible issues


you say if I give you $$$ it'll grow at a guaranteed 18%? sounds really fishy to me.
This is a real estate investment...they are banking on making way more than 18% because they think they have a good idea/land...they need investment $'s though to finance the conversion because a bank probably won't front them or the whole cost...so they have to offer a rate which looks good...BUT...this project could flop and investment money poured into marketing, infrastructure, building enhancements could be lost or greatly reduced in value...risk/reward my man!
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      07-29-2006, 06:18 PM   #10
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Well, first of all, it's only available to residents of BC, Alberta and Saskatchewan. We have an Offering Memorandum which is a public disclosure document that is common in Real Estate developments that allows us to use RSP funds for real estate development investments.

Yes, if you were eligible (western Canada), and you gave me $100,000 - we would give you back $118,000 (actually a bit more because of semi-annual compounding) after 1 year. The term is actually up on July 1st so it's now only about 11 months left so you get a proportionate amount but you would be getting 18% over the 11 months.

This investment is on two buildings we are doing condo-conversions on. There are a total of 29 units. We use the funds raised to purchase the buildings, renovate them, stratify (seperate titles), and sell them to individual owners. It is a very popular (and profitable) system in many markets. Condo-conversions are extremely popular in Arizona and the Palm Springs areas to name two I know of. These buildings happen to be in Saskatoon, Saskatchewan which is an excellent market for condo-conversions. We currently have 6 buildings being converted in Saskatoon.

The risk involved is as much as the risk in "flipping" a house. Only, the structure we have for our investors helps protect them even more. The mortgage is setup as a draw mortgage which means that funds are only used for project specific items. The theory is that when we have an invoice submitted from the painter for $15,000 - the lawyer pays it upon our approval and the value of the project is going to go up by about $30,000 because it is now painted. The remainder of peoples investment remains in a trust account until required.

Basic numbers on this project:

Purchase the two buildings = $950,000

Renovations = $25,000/unit x 29 units = $725,000

Management/Stratification/Soft Costs = $10,000/unit = $290,000

Total expenses = $1,965,000

Sell through price = $3,000,000

That's about $1,000,000 in profit minus debt servicing (paying investors). So that is why we can afford to pay 18% on our projects.

We also have a lakefront property we just purchased in BC that we will be looking for investors for shortly. We are looking for a joint-venture partner for a house in downtown Calgary which may result in close to doubling your money in 2 years. There is also a chance to get in on one of our current projects in Saskatoon at a nice rate on 1st or 2nd position. Call for details.

Hope that answers your question. As for drawbacks or possible issues, the only things I can think of is that the return comes at the end of the term (July 1, 2007) so you have to service the money invested until then. In other words, if you are borrowing from a line of credit at 7% to invest at 18%, you have to pay for your LOC throughout the term (there are no dividends).

The things that could go wrong are limited to the aptitude of the team in place and natural dissasters such as hurricains or floods (if not covered by the general insurance placed on the buildings).

It's not fishy at all, in fact there are many opportunities by many development comapnies available in this area. 18% is a little high, and therefore we get a lot of comments like the "Nigerian" ones but this is legit and up to you to take the first step in doing your due diligence to determine your risk tolerance in this kind of investment.

(403) 313-0342
info@signaturecapital.ca
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      07-29-2006, 06:20 PM   #11
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Quote:
Originally Posted by greginaz1
This is a real estate investment...they are banking on making way more than 18% because they think they have a good idea/land...they need investment $'s though to finance the conversion because a bank probably won't front them or the whole cost...so they have to offer a rate which looks good...BUT...this project could flop and investment money poured into marketing, infrastructure, building enhancements could be lost or greatly reduced in value...risk/reward my man!
Exactly!
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      07-29-2006, 07:04 PM   #12
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to be fair, he didn't say guaranteed 18%, he says that it's a 18% return on your investment. And as anyone knows, all investment carries certain levels of risk.

3s-a-charm, I'd be so over that, I was in Saskatoon 4 years for school, but got back home to TO this spring.

Quote:
Originally Posted by ward
so let us know the drawbacks or possible issues


you say if I give you $$$ it'll grow at a guaranteed 18%? sounds really fishy to me.
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      07-29-2006, 07:34 PM   #13
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Saskatoon is booming...! You're right - it's a "FIXED" rate, not "guaranteed" as there is risk with everything.
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      07-29-2006, 07:59 PM   #14
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It definitely is, still love that lil city very beautiful in the summer, very lovely.

Quote:
Originally Posted by 3s-a-charm
Saskatoon is booming...! You're right - it's a "FIXED" rate, not "guaranteed" as there is risk with everything.
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