BORROWER: 

Deercrest Resort & Clubhouse Ltd.
 

LENDER:

Deercrest Construction Fund Inc.

TERM: 

 36 Months

MINIUMUM INVESTMENT:

$10,000 CDN Funds

TOTAL AMOUNT RAISED:

$12,000,000 CDN Funds

INTEREST RATE:

12.5 % Per Annum Paid Monthly

USE OF PROCEEDS:

Construction Financing for additional 70 units of Deercrest Resort Villas built and sold in phases, located at the Falls Resort in Chilliwack, British Columbia.  Also, will include the development of a 19,000 square foot Clubhouse to be built on site. 

PAYMENT DATE: 

Interest Only Paid Monthly

ADMINISTRATOR:

Deercrest Construction Fund Inc.

LOAN SECURITY:

*Combination of First & Second Mortgages registered at all times.

MARKETING FIRM:

West Karma Ltd.