Core and Partners Inc. | Private Credit

PRIVATE CREDIT

Strong Yield.

Clear Exit Strategy.

Opportunities for income focused investors. Invest in recession resistant industries or assets that have defined exit strategies

Target Annual Return

12%

Investment Objective

Income

Asset Type

Multifamily – Seniors

Term

12 months

Target Fund Size

$4.25 Million

Minimum Investment

$50k

INVESTMENT SUMMARY

Core Private Credit (CPC) is an investment instrument consisting of asset based loans, fixed income and other income based investments that deliver strong yields on a risk adjusted bases relative to other private alternative investments.

Investors in Core Private Credit benefit from an experienced underwriting team who selectively curates quality and vetted borrowers, providing a fixed rate of return (typically in the form of interest or preferred return). CPC favours opportunities to invest in recession resistant industries or assets that have defined exit strategies.

WHY CPC IS INVESTING

Investment Highlights

Leader in Senior Housing Development

Having Founded Chartwell Retirement Residences and Regal Lifestyle Communities, The borrower has a proven ability to consolidate assets and create value for investors.

FIXED INCOME

The underlying assets (the Alberta Care Communities) are a government funded initiative, guaranteeing revenue ($45.3 Million in year 1) and a projected Net Operating Income (NOI) of $13.7 Million. This government backed offering is specific to Alberta.

DEFINED EXIT STRATEGY

Newmark, the retained real estate advisory group for the sale of The Portfolio, has scheduled bidding for November 2023 with contemplated closings occurring mid to late 2024.

STRONG COVENANT

The borrower has sufficient covenant to carry CPC’s loan, and has added corporate and personal guarantees for additional security.

USE OF PROCEEDS

The initial deployment of capital will be used to provide a fixed and secured loan to the borrower for the purpose of an equity take out. The loan will be structured as a promissory note with the borrower pledging its ownership shares of Alberta Care Communities (The Portfolio) a Designated Supportive Living (DSL) senior living residences as collateral.

The borrower specializes in the senior housing market and has Assets Under Management of $1.5 Billion with an additional $2.4 Billion in various stages of consideration. Newmark, a top global real estate advisory firm, has been retained to complete the sale of The Portfolio on behalf of Shasta Care Community Ltd., Airdrie Care Community Ltd., Fort Saskatchewan Care Community Ltd. and Medicine Hat Care Community Ltd.

The Portfolio consists of newly constructed, purpose-built residences located in high-demand core markets within Alberta (Airdrie, Edmonton, Fort Saskatchewan, and Medicine Hat). Featuring a total of 540 units, the residences are virtually identical.

OPEN FOR INVESTMENT

LENDER:

Core Private Subco

LOAN AMOUNT:

Up to and the lesser of $ 4,250,000.00

LOAN TO VALUE:

72.5%

INTEREST RATE:

12% per annum

TERMS:

12 months from the date of the first advance

INVESTOR ELIGIBILITY:

Accredited Investors

AVAILABILITY:

Cash only (future tranches may allow Registered Funds)

MINIMUM:

$50,000

Want to learn more?

Please submit your contact info below and we will connect you with a licensed dealer representative, who can provide more details, including a detailed Offering Memorandum.

Investors

Company

Resources

2275 Upper Middle Rd E, Suite 400
Oakville, ON, L6H 0C3
info@coreadvisory.ca
Tel. +289.643.3888

DISCLAIMER: This website does not constitute an offer to sell or a solicitation to buy any investment, nor shall it form the basis of, or be relied on in connection with, or act as an inducement to enter into, any contract or commitment whatsoever. Visitors to this website who are considering investing in a specific investment offering are reminded that they should not make any decision based on the content of this website. Prospective investors should conduct their own due diligence as well as seek independent financial and legal advice prior to investing. Core and Partners is not an exempt market dealer. All securities are made available through our exempt market dealers. Interested investors will be connected to a licensed dealer representative.