Maple Crest II

Investment Status

  • Investment timeline: Starting fall 2019, anticipated completion summer 2022
  • Open to investment: Up to $2,000,000 to be raised
  • Currently over $500,000 invested
  • Eligible for potential investment by CCH Real Estate Mutual Fund Trust
  • CCH Real Estate Mutual Fund Trust currently does not hold this as an investment

Interested in Investing?

Read through our details or discover our lot maps using the link below:

Community Overview

Maple Crest II builds on the success of the first Maple Crest investment opportunity with new zero lot line and single family lots in phase 6 and phase 8 in the community of Maple Crest in southeast Edmonton.   Maple Crest has comprehensive lifestyle amenities that improve every homeowner’s quality of life including a 75 acre natural reserve that features a wetland, protected bird-nesting islands, shoreline walking paths and park space extending through a vast woodland ravine.  A natural ridge that offers wonderful downtown views defines the landscape while providing winding tree lined trails and paths for recreation and relaxing strolls through the community that located just minutes from the RioCan Shopping Centre and Meadows Transit Depot.

https://www.livemaplecrest.com

Investment Opportunity

  • The is the second LP opportunity available to investors in Maple Crest following CCH Maple Crest LP which sold 36 duplex units and closed in fall 2018.
  • Crystal Creek Homes also has two other internal entities which sold 27 single family lots from 2016 – 2019.
  • CCH Maple Crest II LP signed a land agreement in the summer of 2019 for the purchase of 20 zero lot lined single family lots along with 10 single family lots in phase 6 and 8 of the community of Maple Crest.
  • These lots target the entry level home buyer with zero lot line homes starting in the $350s and single family homes starting in the low $400s.

Investment Details

Offering

Class A Limited Partnership units in CCH Maple Crest II LP (the “Partnership”).

Project

The Partnership has an agreement to purchase 10 single family lots and 20 zero lot line lots. The homes will be sold and built by the Partnership.

Offering Price

$0.50 per unit, minimum 50,000 units. Up to $2,000,000 may be raised with a maximum of 4,000,000 units sold.

Purpose

To fund land deposits, a showhome, spec homes and initial working capital for the Partnership.

Preferred Return

Class A unitholders will be entitled to an 8% simple annual preferred return. As the project progresses. For further detail, see article 5.7 of the CCH West 77th LP Limited Partnership Agreement.

Partnership Interest

Class A unitholders collectively will be entitled to a 30% share of the partnership’s net income.

Payment Terms

The subscription price is payable at the time of closing by cheque or such other manner as maybe accepted at closing.

Term

Based on unit sales within the Project.

Management Fee

Crystal Creek Homes Inc. will be hired as the Project Manager and will be paid a fee equal to 4% of the selling price of each home.

Risk Factors

There is no secondary market for the investment and none is expected to develop. The Partnership will have limited liquidity; consequently, it would not suit investors who require immediate access to their investment. The Partnership’s business should be considered highly speculative due to the risks associated with the rapidly changing economic and market conditions. The Partnership will be investing in real property and these properties will always have value; however, given the nature of the real estate market it may not be possible to sell them as anticipated. Consequently, there is a risk that an investment in the Partnership may be lost entirely or in part.

Disclaimer

Certain statements in this presentation contain forward-looking statements about the objectives of the Partnership and management’s expectations, beliefs, intentions or strategies for the future. Future events are subject to certain risks, uncertainties and assumptions that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and assumptions include, but are not limited to: general economic conditions; actions by government authorities; actions by regulatory authorities; availability of raw materials and trades; changes in raw materials prices; foreign exchange rates; interest rates; competitor activity; industry pricing pressures; seasonality of the construction industry; and weather.

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