Closed Offering

Terms

  • $1.25 million offering
  • 75% of return deemed capital gains (preferred tax structure)
  • 30 months
  • Rollover option at 97% principal

Security

  • Saanich Ridge Estates
  • Located north of Victoria, British Columbia in the middle of the Saanich Peninsula
  • Loan-to-Value: 33%
  • Bonds rank ahead of development company, trades and payables

Use of proceeds

  • Phase 1 horizontal development (clearing, drainage, water, hydro)

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