54-60 Shepherd Road, Oakville Loft and Townhouse Development Offering Mortgage Brokerage # 10897 Mortgage Administrator # 11893
Disclaimer This Confidential Information Memorandum (the “CIM”) was prepared exclusively for the benefit and use of certain qualifying investors, and exclusively for the purposes of considering an investment in the OpArt Lofts (the “Investment”) . This presentation is confidential and proprietary to its author, Neilas Inc. (“Neilas”), and may not be disclosed, reproduced, distributed or used for any other purpose by the direct recipient, or any other recipient, without the express written consent of the author. Certain statements made in this presentation may be “forward -looking statements” regarding the plans and/or objectives of Neilas for future operations and anticipated results of operations. For this purpose, any statements contained herein or incorporated herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words, “believes”, “anticipates”, “proposes”, “plans”, “targets”, “expects”, “intends”, “may” and similar expressions are intended to identify forward-looking statements. Such statements are based on current expectations that involve known and unknown risks, uncertainties and other factors, including but not limited to those described herein, that may cause actual results, performance or achievements of the Investment to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The Investment’s plans and objectives are based on assumptions involving the success of the offering described in this presentation and the development of its business. Although Neilas believes that its assumptions are reasonable, any of the assumptions could prove inaccurate. In light of the significant uncertainties inherent in the forward-looking statements that may be made herein, the inclusion of such information should not be regarded as a representation or warranty by Neilas, nor that the objectives and/or plans of the Investment will be achieved. 2
Welcome to Hi-Rise Founded in 2004 Regulated as a Mortgage Broker and Administrator Fully audited financial statements for the past 10 years with a positive report to FSCO from the auditor every year – we just received the 2014 audit Specialize in the financing of real estate properties in the GTA Managing a Completed Market Value of Approximately $450 million Focused on the Greater Toronto Area Over 30 years combined experience in Real estate development, financing, and investing Delivered returns of 9% to 16% per annum to investors since the company was founded No principal losses to date, weathered the financial crisis without losing any capital 3
What is Real Estate Investment Banking? An Investment Bank is a financial institution that assists individuals, corporations, and governments in raising capital by underwriting or acting as the client's agent in the issuance of securities and debt instruments (or both) Additional services include advisory, asset management, and administration of investment Hi-Rise is a comprehensive real estate focused investment company providing investment banking, advisory, administration and asset management services 4
What We Are Not Hi-Rise is not a mortgage syndicator Hi-Rise is a fully integrated real estate investment bank – by investing in our own development projects investors get clarity on where funds are going Hi-Rise principals invest their own money in every deal Hi-Rise principals are experienced developers, not salespeople The Hi-Rise platform is credible Hi-Rise affiliated brokers and salespeople follow a strict code of ethics All Hi-Rise mortgage products are secured against the physical property, not against equity Hi-Rise raises debt financing exclusively from Schedule 1 banks 5
Tonight’s Presentation We want you and your clients to be part of the Hi-Rise Success story 6
Our Value to You and Your Clients TRACK RECORD ALIGNMENT KNOWLEDGE SUCCESS OF INTERESTS & EXPERTISE ACCOUNTABILITY & TRANSPARENCY 7
Track Record TRACK RECORD KNOWLEDGE ALIGNMENT SUCCESS OF INTERESTS & EXPERTISE ACCOUNTABILITY & TRANSPARENCY FSCO regulated as Broker and Administrator for 10 years In full compliance with the Mortgage Brokers, Lenders and Administrators Act (see Appendix) 10 Years of audited financial statements Over 20 successful transactions (fully exited) Over $20 million in principal returned to investors No principal losses No projects have ever been in foreclosure or court proceedings Cube Lofts in Little Italy sold out within two hours of offering at a $200 per square foot premium to market Stage East project in Leslieville is sold out 8
Alignment of Interests TRACK RECORD SUCCESS KNOWLEDGE ALIGNMENT SUCCESS OF INTERESTS & EXPERTISE ACCOUNTABILITY & TRANSPARENCY Hi-Rise and related companies and their principals currently have over $10 million dollars invested in its projects Hi-Rise principals have subordinated their capital to investors (i.e. investors exit first, then we exit) Hi-Rise principals personally guarantee all senior debt on the projects financed Hi-Rise principals have unlimited liability – both their equity in Hi-Rise AND their personal property is on the line if projects are unsuccessful 9
Accountability and Transparency TRACK RECORD KNOWLEDGE ALIGNMENT SUCCESS OF INTERESTS & EXPERTISE ACCOUNTABILITY & TRANSPARENCY We are pleased to announce a successful audit for the tenth year in a row Audit Letter Audits include, where applicable, assessment of accounting principles used and significant estimates made by management FSCO Reporting Letter In full compliance with the Mortgage Brokers, Lenders and Administrators Act (see Appendix) Audit Checklist Your client’s investment is managed by a company that is accountable 10
Accountability and Transparency Audit Letter FSCO Compliance Letter 11
Accountability and Transparency Audit Checklist 12
Knowledge and Expertise TRACK RECORD KNOWLEDGE ALIGNMENT SUCCESS OF INTERESTS & EXPERTISE ACCOUNTABILITY & TRANSPARENCY Senior Management and Directors at Hi-Rise are considered “best in class” Jim Neilas, Managing Director and Broker of Record John Neilas, President of SkyPoint Hi-Rise Ltd. (a related construction management company) Sherif Fadali, Vice President Investments Scott Roberts, Vice President Investments Peter Neilas, Chief Financial Officer Noor Al Awqati, Director of Finance and Administration Myles Morin, Director Barry Polisuk, Director Tony Greco, Construction Consultant to Neilas Inc. 13
Knowledge and Expertise TRACK RECORD Hi- Rise Partners are “Best -in- Class” KNOWLEDGE ALIGNMENT SUCCESS OF INTERESTS & EXPERTISE ACCOUNTABILITY & TRANSPARENCY We are pleased to announce the newest partner in the Hi-Rise family – GREENWIN INC In business since 1960, over 65 years One of Canada’s largest privately owned residential property management companies Headquarters in Toronto with over 500 employees Manages over 1,000,000 SF of commercial space and 20,000 residential units Recipients of a “Life Time Achievement Award” in 2011 from the Federation of Rental Housing Providers of Ontario 14
Knowledge and Expertise TRACK RECORD Hi- Rise Partners are “Best -in- Class” KNOWLEDGE ALIGNMENT SUCCESS OF INTERESTS & EXPERTISE ACCOUNTABILITY & TRANSPARENCY PCL has an annual construction volume of more than $6 billion, making it one of the largest contracting organizations in North America In business since 1906, over 100 years Over 4,400 employees across the United States, Canada and Australia Recipient in 2013 of Fortune Magazine’s 100 Best Companies to Work For award for the eighth consecutive year 15
Knowledge and Expertise TRACK RECORD Best-in-class development partners behind projects KNOWLEDGE ALIGNMENT SUCCESS OF INTERESTS & EXPERTISE ACCOUNTABILITY & TRANSPARENCY Architects Legal Development Property Planning Accountants Management Marketing 16
How Can You Become Part of the Success? TRACK RECORD ALIGNMENT KNOWLEDGE SUCCESS OF INTERESTS & EXPERTISE ACCOUNTABILITY & TRANSPARENCY 17
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