Millennium III's projects provide investors with a number of financial benefits. Investors receive a substantial tax writeoff in the first year of the partnership. Subsequently, most of the income from the property is used to pay down the mortgage, which increases investors' equity. The net proceeds from the property are distributed to investors year after year, providing a long-term income stream. After debt is retired the income from the property available to investors increases substantially.
As well as providing a growing source of income, the value of the investment increases as the property appreciates. Millennium III's strategy is to hold the property long-term, as leases provide ongoing, increasing revenue.
Optional Equity Payment Loan Program
Investors may choose to finance the investment through select financial institutions. Please contact email@example.com for details on the Optional Equity Payment Loan Program. Interest on money borrowed to invest may also be written off.
*This website's financial information about the expected investment returns, tax implications, or future performance of the project or partnership units are forward-looking projections and actual results may vary. Any forward-looking information disclosed herein is only an extract or summary of information included in the offering memorandum for the project and readers should consult the offering memorandum for complete information about the project and, in particular, the material factors and assumptions used to develop the forward-looking information and the risk factors which could cause actual results to vary.
**Investors must qualify.
Our current project, Riverpointe Plaza:
- $24,700 initial investment (per unit)
- over $12,300 immediate tax writeoff*
- approximtely $5,000 annual projected payout once mortgage is retired*, increasing thereafter
- projected mortgage retirement 12 years 9 months
- $5,500 down payment with optional loan program**
Situated near the busy intersection of 99 Avenue and Highway 15 in the Pineview neighbourhood of Fort Saskatchewan, Alberta, Riverpointe Plaza supplies the main residential areas of the city with a mix of conveniences and services.