Investors who close before May 15 lock in a 24% net annualized targeted return. After tomorrow, the next tranche drops to 20%. Yesterday's livestream walks you through the entire deal. Watch before you decide.
PV, Mit & Jeff
The Montreal fund news. The Wellington Towers walkthrough. The capital stack. The exit math. The tranche that closes tomorrow. Everything you need to decide is on yesterday's livestream.
A Montreal based fund just quietly took down hundreds of unsold Toronto pre construction condos at wholesale to convert them into rentals. The condo trade is dead. The rental trade is alive. One fund just made the move publicly so the rest of us could see it.
Yesterday on our weekly livestream, we broke down what just happened, why it matters, and walked through Wellington Towers Dev Fund II from top to bottom. Watch this before you decide on tomorrow's tranche close.
16 minutes · PV, Mit & Jeff · The Montreal fund news + full Wellington Towers deck walkthrough
The full Wellington Towers deck on screen. The site renderings, the unit mix, the build cost basis vs Toronto comps, the capital stack visualized. You are not reading the numbers. You are watching us walk through the actual investor presentation.
The exit math, explained live. Why the institutional buyer can take down a $100M building at stabilization with just 5% down using CMHC insured financing, and what that does to the price they are willing to pay us.
Why we are renting at $980 to $1,500 a month, not $1,800. Jeff walks through the affordable rent strategy and why renting below market is the smartest lease up insurance you can underwrite into a 432 unit building.
The tranche math, side by side. $1.5M closing tomorrow at 24% net annualized, vs $8.5M closing in late 2027 at 20%. The video shows you the dollar gap on a real investor cheque.
The team behind the build. Dean Hanlon from HFA Construction. Michael Nemanic on the development management and legal side. Plus a tease on one more senior addition we are bringing on. You see the operating bench, not just the principals.
432 Units · 25 Storey Purpose Built Rental · London, ON
$100K Minimum · Cash Only · Accredited / Existing FC Investors
Tranche One Targeted Return: 24% Net Annualized
Tranche One: $1.5M, closing May 15. Investors lock in a 24% net annualized targeted return, compounded over the build and stabilize horizon.
Tranche Two: $8.5M, closing late 2027 / early 2028. Targeted return drops to 20% net annualized. Same asset. Same team. Same exit. Lower entry return.
Tranche one is the early mover return. It exists because we need committed capital today to lock the CMHC stack against today's terms. After tomorrow, it is gone.
Before you book a call, watch the 16 minute walkthrough. It answers 80% of the questions you have.
8 Stabilized Apartment Buildings · Southwestern Ontario
$10K Minimum · RRSP / TFSA / RESP / LIRA Eligible
Targeted Return: 15% Annualized (7% cash + 8% appreciation)
See you on the stream,
PV, Mit & Jeff
P.S. The Montreal fund did not telegraph their move. They executed it. By the time the rest of the market reads about it in next week's news, the trade is already done. The same window is open on Wellington Towers right now, and it closes tomorrow at end of day. Watch the livestream today and book a call.
youtu.be/JmqCmq7jshU
