Investing with River Street.
Too often, needed capital projects are put off for many years as condominium corporations face resistance when passing special borrowing by-laws or imposing special assessments on unit holders. In such circumstances, River Street Capital can arrange for major projects to be completed and funded from long term future cash flows, without the need to borrow or impose special assessments. River Street works only with Ontario’s most trusted construction companies to ensure that work is completed on time and on budget.
River Street will work with the condominium corporation, its manager and its board to develop a project budget and payment timeline that makes sense. With a River Street project, payments start at the completion of the project and continue for a period of up to 5 years, allowing the condominium corporation to fund the instalments from ordinary course maintenance fees.
For qualifying individuals’ funds and institutions, investing with River Street Capital Inc. provides access to an alternative asset with above market returns and backed by strong collateral. Typical River Street projects return between 5-8% to investors. Only Accredited Investors in the Province of Ontario and other funds and financial institutions exempt from the prospectus requirements under the Ontario Securities Act and applicable securities regulation may apply. If you are a condo manager, condo board member or construction company looking to fund a major capital project, please reach out to us below to learn how we can help.