Canadian Multifamily Investments - Closing 560 doors in Q2

[Matt Calnan]

Hi everyone, I have 3 deals that are currently being finalized totaling 560 doors in Western Canada (3 different locations - British Columbia, Alberta, and Saskatchewan). We have the deals fully funded and have a bit of overfunding on them to create a buffer. However, I'd like to look to raise an additional $1M to $2.5M in the coming two months to finalize the cash buffer. The real estate being purchased is roughly $70 Million CDN. 

Typically I have only used a few investors to fund my projects. But I wanted to take it a different approach for this funding (complying with security law of course) and look to find smaller investors to get them involved in the process. However, because I've always dealt with larger groups, I don't have many access points to smaller investors. 

Any advice as to how to reach these individuals? When I say smaller investors I am thinking $25,000 to $250,000. Thanks!!

[Stevo Sun]

Quote from @Matt Calnan:

Hi everyone, I have 3 deals that are currently being finalized totaling 560 doors in Western Canada (3 different locations - British Columbia, Alberta, and Saskatchewan). We have the deals fully funded and have a bit of overfunding on them to create a buffer. However, I'd like to look to raise an additional $1M to $2.5M in the coming two months to finalize the cash buffer. The real estate being purchased is roughly $70 Million CDN. 

Typically I have only used a few investors to fund my projects. But I wanted to take it a different approach for this funding (complying with security law of course) and look to find smaller investors to get them involved in the process. However, because I've always dealt with larger groups, I don't have many access points to smaller investors. 

Any advice as to how to reach these individuals? When I say smaller investors I am thinking $25,000 to $250,000. Thanks!!

I think those will have to be accredited investors. I don't know much about other provinces, but I'm pretty sure in AB there are fairly clear exemption rules around this. 

https://www.asc.ca/small-business/common-capital-raising-prospectus-exemptions#:~:text=An%20investor%20investing%20as%20an,to%20be%20acting%20as%20principal.