11% Colwood Secured Promissory LEAGUE had a successful launch of the project with a press conference for Capital City Centre (this is the new project name). Our website is launched at capitalcitycentre.ca and you can review the extensive press in January on the project in our Newsroom. We only have $3.5M left of the Colwood Secured Promissory notes. The notes are offered at 11% per annum paid monthly over a three-year term or less.
And it's nice to know that the Colwood Secured Promissory Notes will be eligible as RRSP investments and other registered plans in the very near future.
A Little "Extra" Goes a Long Way...
The good news is at the end of the term you can also use the proceeds as a downpayment on the purchase of a condominium suite in the first phase of the Colwood development. The even better news is that you will also receive an additional 10% "bump"1 to go towards the purchase of your new apartment.2 You can then use the condo as your own residence, or maintain it as an investment property.
To find out if this investment meets your profile, or if you have any questions regarding the RRSP eligibility of the Colwood 11% Promissory Notes, please call a LEAGUE Member Services Manager, who will be happy to assist you.
1 On an initial investment of $100,000, you would receive an additional $10,000.
2 Cannot exceed more than 10% of condominium purchase price.
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. |
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