At Lion Property Group your feedback matters. That’s why we’ve implemented a new clause to compensate investors in the event of project delays that cause an investment to go beyond the expected term.
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Full Video Transcript:
Hi, and thanks for joining us here for this video, where we’re gonna be tackling one of the most common questions that comes up for us from our investors. And that question is, what happens when our developments are delayed?
I’m John Sader, one of the founders and directors here at Lion Property Group. And I just wanted to share with you a little bit of insight, you know, over the last 12 months we’ve been very fortunate in our ability to, not only pick up the projects that we acquired from our previous entity and see a couple of those come to completion. Most recently 2-4 Barrymore street and 25 Barrymore street, but also we’ve been able to take on board new projects.
And with those new projects came some new responsibilities, you know, we leverage the expertise of our experience, as well as that of our trusted partners. And we do utilize realistic time frames, but occasionally there are factors out of our control which cause delays to occur.
But that needn’t be concern for our investors and that’s why as of our most recent projects we’ve introduced a new penalty clause for our investors. That provides peace of mind for our investors by providing them with a 2% per quarter return above and beyond the projected return on investment. That also provides us with the type of incentive as a developer to ensure that we meet our time frames.
Look, if you’re an investor that’s invested $250,000 into one of our new projects and that project goes over by a quarter, we’ll pay you an additional $5,000 on top of the fixed return that we’ve committed to. That provides you with peace of mind, once again and it certainly ensures that we do hit those time frames as advertised.
Of course if there’s any questions that you might have above and beyond this, please feel free to get into contact with us and speak to one of our consultants,. Look forward to your success.