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Land Loan

2429 Ethel St Kelowna, BC V1Y 3A4

The borrower is seeking a loan to close the transaction and to hold the property until it is ready for construction. The property securing this loan is a single family property 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. Hard money loans are asset-based loans, meaning the loan is secured by the value of a real estate property rather than the borrower’s creditworthiness. 

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dealer

Monthly

12 months

ISSUER

*The minimum investment on this property is $1. All transactions will require approval by the EMD on record, Equivesto Canada Inc, subject to suitability review and may be reduced.

 

Property Highlights

  • The single family property securing the loan is located in Kelowna, BC.
  • The single family property securing the loan has an appraised value of $790,000.
  • This loan will be secured against the title of the property, with full recourse against the property should the loan go into default.
  • This opportunity will close on December 11th unless it sells out sooner (the last hard money loan sold out in less than a day).

ways to Payout

  • The funds raised through this issuance are expected be paid out over 12 months of interest-only payments, plus a final principal repayment in the last month.
  • The interest rate and other details are available your addy account.

Learning Center

Understanding the basics : Hard Money Lending
Understanding the Basics of Hard Money Lending

Hard money lending is a unique investment opportunity that allows private individuals or companies to [...]

05
Sep

 

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.

 

The Dealer

Equivesto is on a journey to reimagine how private company investment and fundraising is done in Canada. They believe in a future where access to equity investments and opportunities are not limited by privilege or network. They look to design a tomorrow that is driven on community values and collaboration.

Investing in crowdfunding and exempt market offerings has significant risk. Investors may not be able to resell their securities quickly or at all and the securities may be subject to resale restrictions. These investment opportunities may result in the loss of all or most of your investment. You may receive limited ongoing information about a company or an investment made through Equivesto. Please be aware that investments offered by third-parties through this Equivesto operated offering are risky. You may receive limited ongoing information about a company or an investment made through Equivesto.

Equivesto – Important Legal Notice and Disclosure:

Equivesto Canada Inc. is registered as an Exempt Market Dealer under applicable securities legislation in all Canadian provinces and territories, however, no securities regulatory authority has approved or expressed an opinion about the securities offered on this platform. By accessing this site and any pages thereof, you agree to be bound by its Terms of Use and Privacy Policy. Investing in crowdfunding and exempt market offerings has significant risk. Investors may not be able to resell quickly or at all. Exempt market securities may also receive limited ongoing issuer information. You should invest only if you are prepared not to receive any return on your investment and/or lose your investment in its entirety.

Please visit our Learning Centre for more information. You can contact Alex Morsink from Equivesto at support@equivesto.com.

Forward-Looking Statements

Some information contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “intention”, “will”, “may”, “can”, and similar expressions are intended to identify forward-looking statements. Although the issuer and/or dealer (as applicable) believe that the expectations reflected in such forward-looking statements and/or information with regard to a given investment opportunity are reasonable, undue reliance should not be placed on forward-looking statements since there can be no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Furthermore, the forward-looking statements contained in a news release are made as at the date of such news release and there is no undertaking that any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.