2009

Heartland Limited Partnership. This investment is now closed for subscriptions.

• Total return on investment 34% to 44%; 17% to 22% per year based on a two year term in a realistic scenario; 25% per year in a success scenario
• Legal structure: Limited partnership / Commanditaire Vennootschap
• Term: Minimum 1 year; Maximum 2 years
• Participation possible as of EUR 50,000 (excluding 3% emission costs)
• Securities: right of first mortgage on approx. 376 acres; Subordination agreement
• Value of security: CV Land ‘as-is’ per Colliers International appraisal CAD 18.4 million; After rezoning: CAD 45.3 million
• Loan-To-Value, based on full loan of € 7 million: With land ‘as is’: 60%. After land rezoning: 24%
• Investment in Euros; Payment of profit share and repayment of principal sum in Euros
• Early subscription bonus: The investors who participate in the first € 2 million (40 units of € 50,000) will receive a 1.5% unconditional bonus
• Number of units available: 140 at most at € 50,000
• Maximum nominal loan: € 7,000,000