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:
Participation in equity
Fonds immobilier de solidarité FTQ (50%)
Partnership Angels and promoter (50%)
-Angels (33 1/3%)
-Promoteur (16 2/3%)