Fonds immobilier de solidarité FTQ

Anges Québec and Fonds immobilier de solidarité FTQ have reached an agreement to work together to identify, support and develop the next generation of promoters / developers.

Under this agreement :

  • Fonds immobilier de solidarité FTQ, through its network, will help to identify promoters, provide capital and share its real estate expertise;
  • Anges Québec, through its network, will provide additionnal capital and support management to promoters;
  • The promoter will have the opportunity to invest only 5 % of the project costs in equity (maximum of $2 by an Anges Quebec member for every $1 invested by the promoter).

Exemple of a project financing with a minimum equity of 5% from the promoter :

Total cost of project:
$10 million

Bank financing:
$7 million

Required equity:
$3 million

Participation in equity

Fonds immobilier de solidarité FTQ (50%)
$1.5 million

Partnership Angels and promoter (50%)
-Angels (33 1/3%)
$1 million
-Promoteur (16 2/3%)
$0.5 million

Total equity: $3 million