Reading in Toronto Star, there are ads about few investment options and would like to get opinions of fellow CD's of pros/cons and any experiences dealing with any of them .
Again, the terms and min deposits are high too, hence all the more important to get feedback about them.
1] Alterra Capital [ Investment House of canada]
14% fixed income on 2 yr term. Min 25000 USD
2] Vellacqua
http://www.vellacqua.com" rel="nofollow">LINK
Deal with investments in real estate. Not sure how it works and whether it is a good investment option.
They offer 17% per annum. Min $25000 with 1 yr term.
3] Nelson Investment Group. 12% on 1-5 yr term and min of $10000.
This has been discussed earlier in CD but was indicated that it is a min of 4 yr term. There is not much info about this on their website.
http://www.nelsonfinance.com" rel="nofollow">LINK
These are few options indicated.
Would like to get fellow CD's opinions or experiences of the same.
Still waiting on the investment experts on this forum to respond!!!!!
Is it that no fellow CD's have ever had experience dealing with such investments or any other reason for the silence?
Appreciate someone's response
By this time, you should have got an idea that there is nobody here invested in those companies.
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Location: carl sagan's universe
Posted on: 22-05-07 08:57:59
Hi Pramesh,
I do not have any experience in investing in these companies directly or indirectly, but can try and get some info.
Will keep you posted.
Hi Investpro,
Thanks once again. As always, we have someone to provide unbiased feedback.
Would be waiting for ur response. Not only help me but fellow CD's in understanding other investment options than one's already being discussed on this forum so far.
Location: carl sagan's universe
Posted on: 23-05-07 09:32:18
Hi Pramesh,
Vellacqua
This investment is a second mortgage (also known as a form of mezzanine financing) on commercial properties.
Basically when you lend money, your name is on the property papers as second claimant. The principal claimant is the main mortgage lender like TD or other. If something goes awry, TD(or other) gets first claim to the property and you the second.
The minimum investment is $25,000 and it is locked in for a year.
I have arranged several such deals for several properties but always at 12-13%. The 17% offered by Vellacqua is lucrative so I have asked for brochures on the properties available.
Sometime ago I had arranged such deals for Harry Stinson, the Toronto based real estate developer who appears in the papers often. He had actually floated such an offer for his now completed hotel at I King Street west . He was offering 12% for a min of $10,000. All who invested were rewarded without a hitch.(At first it was 8%)
In the last several years, this kind of investing has been pretty secure. All the deals I arranged nobody lost any money. I am still doing it, but again the returns I am offering are 12-13%.
I am also trying to be an accredited broker for 2nd mortgages on The Trump Tower coming up.That will be an easy sale.I already have tons of people wanting to invest in that all over the world incl India, Singapore, London, Dubai, Lagos... Not for the money just the glamour factor- so at cocktail parties they can say "Hey, you know what, I am financing the Trump Tower."
It is known as mezzanine financing as the mezzanine floor is above the ground floor meaning you are second in line.
Thanks for the opportunity to find out more on this. Once I get the package I will fill you in further and will offer my current clients into 2nd mortgages.
I am working on the other investment options
