WCMIF is a Mutual Fund Trust, basically a pool of money from many investors which is used to acquire and develop projects to deliver homes and create profits as a return on investment.
Each project is held in a separate corporation or Limited Partnership (‘LP’) controlled and funded by WCMIF.
Once a project is completed, that LP pays back its capital into the Fund, the Participating Profit Share is paid out and the Fund then deploys the capital in the next project through a new LP.
While most investors stay in the Fund indefinitely as long as the Fund continues to pay a satisfactory return, sometimes investors may redeem their Trust Units from time to time.
Redemption is possible at any time, however, as the Fund deploys its capital and may have limited funds available for redemptions, fulfilling a request for redemption may take some time. Furthermore, as investing in and developing real estate takes time, we ask that our investors are prepared to remain invested for at least three years to give their capital a chance at earning returns.
The Fund applies penalties for early redemptions as follows: 15% in year 1; 10% in year 2; 5% in year 3.
We encourage investors to review these terms carefully before making any commitment.
Currently, WCMIF offers two types of Trust Units:
annual target fixed interest
which is paid out monthly.
Upon the completion or sale of a project 35% of the net profits are paid out Pro Rata to the Fund Trust Unit Holders and are paid out as a Capital Gain.