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$1 Million Deal Closed and Oversubcribed

8/17/2017

 
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On August 2nd, the Wednesday before the Civic long weekend, we launched an investment that allowed our investors to participate in a mortgage deal brought to us by our new partner, Vector Financial. NexusCrowd had the full $1 million allocation for the junior position of a $11.2 million structured first mortgage. By the following Tuesday, August 8th, the deal was oversubscribed. The deal closed on August 17th.

In our opinion, the deal provides an attractive risk/return profile for 1.9 acres of lands being developed into townhomes in Markham, Ontario. Our investors will be receiving a net interest rate of 13.5% with a loan-to-value ratio of 70% and monthly interest payments. The development is also located in a highly desirable area of Markham.

We look forward to providing our investors with access to new quality real estate investment opportunities soon.

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NexusCrowd Inc. is a registered Exempt Market Dealer in the Provinces of Ontario, Alberta and British Columbia.
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