Welcome to Westpeaks Properties Inc.!
As the President of WP, my mission is to find the right land development projects for WP investors. The right land development projects should meet the following criteria:
- Security
Security of principle and interest is critical to WP and its investors. WP usually achieves good security by making sure that:
- The developer’s land is appraised by qualified professionals;
- The WP loan to the developer is less than 75% of the appraised value of the land;
- WP can register a first mortgage on the title of the land;
- The loan will be paid back within a specified time frame, usually less than 7 years.
- Good return on investment
WP usually negotiates a good return on WP’s loan which could be a combination of pre-determined annual interest rate, and profit sharing. Many of our investors prefer to receive pre-determined annual interest rate and WP will do its best to address this requirement.
WP is set up to accept many sources of funds such as Registered Retirement Savings Plan, Tax Free Savings Account, Registered Education Savings Plan, cash, etc.
I look forward to working with our investors, land developers, and consultants for the long term benefit of everyone involved.
Gary Zhang, President
For more information about Gary Zhang, please click here.