They are a Real Estate Development Company which was founded by a group of successful investors, for the purpose of helping people achieve their financial goals through real estate.
Over the last eighteen years, Mentor has bought and sold more than one $150 million dollars worth of residential income property.
One of their principal objectives is to provide investors, with affordable, worry-free investments throughout North America.
Should you wish to learn more about Mentor Properties, their program, and current opportunities, you are invited to visit them at www.mentorproperties.com
They will be offering free investment seminars in the near future.
Enclosed below is an independently written article, which explains the uniqueness of Mentor Properties, and their program.
Co-Ownerships Re-Invented
A Toronto developer, Mentor Properties Inc. claims to have solved the past problems of co-ownerships. In the past, co-ownerships have had difficulties in obtaining individual financ ing because of title issues. According to Earl Robinson, C.E.O. of Mentor Properties Inc., "we have registered the first co-ownership in Toronto in 14 years. In doing so, we have been able to provide individual suite descriptions similar to legal descriptions ascribed to condominium units. This is a first for any co-ownership development in Toronto," he says.
The company has also obtained from the Land Titles Registrar of Ontario, an individual Property Identification Number (P.I.N.) for each suite, similar to what condominiums receive and further, a separate deed for each suite.
According to Mr. Robinson, "this allows lenders to accurately register their mortgage on the suite they are lending against, and lawyers to more easily search title. These are major improvents that no other co-owner- ship has ever been able to get". Their latest development, Sedona Place Residences, is conveniently located at 5949 Yonge Street just north of the Finch subway station. "We've used our 18 years of development experience to restore this building. We spent over $1.8 million on the windows, bricks, balcony doors, railings, concrete slabs, roof, asphalt, boilers, hallways and suite interiors to ensure a worry-free and comfortable lifest- yle for our homeowners," says Andrei Kovlagine, the company's Construction Supervisor.
Homeowner suites are priced from only $124,900 for 1 bedroom suites (625sq.ft.) and $154,900 for 2 bedroom and den suites (903sq.ft.) including parking. That's only $172/sq.ft. Standard finishes are: granite counter tops, crown mouldings, European styled solid wood cabinetry and hardwood floors." Competing projects, existing and new are priced in excess of $260/sq ft, "says Arland Stave, the company's Director of Sales. Investor suites are more simple but stylishly renovated and are available from $104,900 for 1 bedrooms (625sq.ft.) and $127,900 for 2 bedrooms (966 sq.ft.) including parking.
Mentor has pre-arranged 75% financing for homeowners and investors at 4.85% for a 5 year term.
The company says that all investor suites are currently rented and offer investors potential returns in excess of 12%. The company also offers a Managed Asset Program (M.A.P.) that ensures an investor always receives a monthly rent cheque even if their suite is vacant. "In today's volatile investment market, Sedona Place offers investors a safe way to own affordable, well located real estate with positive cash flow," says Mr. Robinson. The company has surprisingly escaped the vacancy and declining rent problems other condo investors are facing today. "Our 1 bedroom renovated suites need only to rent for $880/month to break even, unlike condos that need $1,300," he says.
Mr. Robinson's advice in today's market is simple: "Make sure any real estate investment you consider will provide positive cash flow with 25% down, after allowing for vacancy, management, and minor repairs. If it doesn't, don't buy it!" That may seem like an impossible task.........except of course at Sedona Place Residences.
By Bruno Howard.