The second hard money loan is dropping on Friday, December 6, 2024 at 9am PT!
The second hard money loan on the addy platform estimates monthly interest payments over a 12 month term. The property securing this loan is a single family home located in Kelowna, British Columbia, with an appraised value of $790,000 by a local Accredited Appraiser Canadian Institute (AACI) professional. The loan will be secured against the property as a first mortgage.
Due to the nature of this security, you can only invest with settled funds. What are settled funds? You can use the Interac funding option to get settled funds. Distributions are also considered guaranteed funds. Learn more here.
More details will be available in your addy account.
Get Ready to Invest
The project is coming soon! Whether you’re new to real estate investing or a seasoned investor, stay tuned for more details which will be available in your addy account soon.
Become a member:
The Dealer:
Purchasing these securities will be conducted by Equivesto Canada Inc. (Equivesto), an Exempt Market Dealer (EMD) in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, Yukon, North West Territories, Nunavut, Prince Edward Island, Nova Scotia, New Brunswick, and Newfoundland and Labrador (ND# 63820). Equivesto and Addy Portal Corporation (addy) have entered into an agreement, pursuant to which and subject to its terms, Equivesto shall act in the capacity of an EMD for distributions facilitated by addy. This portal is operated pursuant to that agreement.
The Issuer:
The issuer, 1340291 B.C. LTD. is a numbered corporation dba addy Lending Corp. with a single director, specializing in providing short-term, high-interest loans secured by real estate. The issuer acts as the mortgagee and will be registered on title for each loan it provides, ensuring security through the underlying property. With a focus on real estate-backed lending, the corporation helps facilitate funding for borrowers in need of quick access to capital.
