What data do I need to provide to addy so I can get approved to raise capital?

There are multiple documents needed to receive approval for raising capital.

This is not an exhaustive list but covers the key documents that may be required for addy to perform its due diligence. Additionally, these documents will be made available to potential addy investors in a confidential data room at the discretion of the Issuer. If a document is not provided, please email realestate@addyinvest.com stating the reason.

Where do I upload documents?

Please upload directly into addy Business if you have a addy Business account setup. Create one if you do not have one. We highly recommend setting up a addy Business account as that is where the information will go and is a requirement to launch a Public Issuance if your property is approved.

Click here to learn how to navigate the data room in addy Business.

Click here to learn how to upload documents to addy Business.

An alternative would be a Google drive, or Dropbox, or other data room.

General Items

Includes information about the property and the partner involved in the project, focusing on their experience, track record, and equity contribution.

Investor Deck OR Pitch Deck OR Offering Memorandum about the property (Required): Presentation materials providing an overview of the investment opportunity, including:
- Property Details: what's the plan for the property (i.e. develop 30 residential units and sale, purchase the industrial building and perform a value-add program, purchase the retail centre and hold for cash flow)
- Financial Projections: The financial projections include acquisition and development costs, estimated revenue from rents or sales, ongoing operating expenses, and financing assumptions, leading to projected cash flows, NOI, and potential investor returns.
- Investment Highlights: Key investment highlights emphasize the property's prime location, strong market fundamentals, value-add potential, attractive returns, experienced management team, risk mitigation strategies, and a clear exit strategy with projected returns.
Information about the partner on the project (Required): Details regarding the partner's experience, performance history, equity contribution, and involvement in the project.
- Experience (Required): Background and expertise of the partner in real estate investment, including the asset type, location, strategy they are focused on, and years of experience.
  - E.g. 5-years of multifamily value-add in Calgary, AB, and Vancouver, BC.
  - E.g. 7-years of high-rise multifamily development in Hamilton, ON, and 10-years of light industrial in Toronto, ON.
- Track Record / Performance (Required): Past performance and success of the partner in similar projects and other real estate asset types. Include a list of past projects and their current performance or exit value vs. initial value.
- Equity Contribution (Required): Explanation of how the partner is contributing equity to the investment.
  - Amount by the partners (Required): Specifics regarding the equity contributions from each partner involved.
Feasibility Study (Required): A third party report that provides factors such as market demand, financial costs, regulatory constraints, and potential returns. If unavailable, please provide reasons.
Flow of Funds Chart: A financial diagram illustrating the movement of money between various entities within a specific transaction or set of transactions.

Property Items

Encompasses various documents and reports related to the property itself, such as appraisals, condition reports, budgets, contracts, environmental assessments, permits, and financial projections (proforma).

Appraisal (Required): Must be within the last 3 years. If more than 3 years old, please provide a reason. Please also include a reliance letter (optional) addressed to:
- addy Technology Corp.
  Attn: Real Estate Department
  Suite #352 – 3381 Cambie Street
  Vancouver, BC V5Z 4R3
Building Condition Report (Required, if non-development): Must be within the last 3-5 years. If more than 3-5 years old, please provide a reason. Please also include a reliance letter (optional) addressed to:
- addy Technology Corp.
  Attn: Real Estate Department
  Suite #352 – 3381 Cambie Street
  Vancouver, BC V5Z 4R3
Construction Budget OR Renovation Budget, (Required, if development or significant renovations needed): Budget outlining costs associated with construction or renovation work on the property. Preferred an approved budget by the contractor.
Contracts with general contractors and subcontractors (Optional, if available to be shared): Agreements with contractors and subcontractors involved in property development or renovation.
Environmental Phase I (Required): Must be within the last 3 years. If more than 3 years old or unavailable, please provide a reason. Please also include a reliance letter (optional) addressed to:
- addy Technology Corp.
  Attn: Real Estate Department
  Suite #352 – 3381 Cambie Street
  Vancouver, BC V5Z 4R3

Environmental Phase II (Required, if Phase I recommended a Phase II): Detailed investigation report if further environmental assessment is needed. Find out if addy review deals requiring a Phase II Environmental Site Assessment here. Please also include a reliance letter (optional) addressed to:
- addy Technology Corp.
  Attn: Real Estate Department
  Suite #352 – 3381 Cambie Street
  Vancouver, BC V5Z 4R3
Certification / Approval of remediation plan, (If required): Documentation verifying approval of any required remediation plans.
Geotechnical report (Required, if development): Report assessing soil and ground conditions at the property.
Loan Agreement / Commitment Letter / Financing Agreement from bank or other lenders (Required): Documentation outlining terms of financing for the project. Please include each loan if more than one and include the following:
- Loan-to-value or Loan-to-cost
- Interest Rate (Fixed or Variable)
- Guarantors of the loan
- Recourse/No Recourse
- Position of loan (1st or 2nd, etc.)
- Amortization
- Term
Permits, (If development or required per bylaws): Legal permits required for property development or operation.
- Development Permit: Permit allowing for property development.
- Building Permit: Permit required for construction or renovation work.
- Other Permits, if any: Additional permits necessary for property use or development.
Proforma (Required): Financial projection highlighting sources and uses of funds, equity/debt breakdown, and partner underwriting in excel format).
- Sources & Uses Table: Breakdown of funds allocated for the project.
- Equity / Debt breakdown: Detailed overview of equity and debt financing for the investment.
- Underwriting by partner on the project in Excel format: Partner's financial analysis and evaluation of the investment opportunity in spreadsheet format that indicates a ROI and IRR.

Legal Items

Involves legal documentation relevant to the investment, including partnership agreements, organizational charts detailing fund flows, and title documents.

Limited Partnership Agreement or Shareholder’s Agreement (Required): Legal agreement outlining the rights and responsibilities of partners in the investment. Must be executed before the issuance goes live.
Title for the person/entity that owns the legal description(s) of the property (Required): Documentation establishing legal ownership of the property. Please provide multiple if more than one.
Letter of Attestation - Court Proceedings (Required): Official statement issued by a legal authority or representative of the entity, confirming the status of any court proceedings related to the property or the parties involved in the investment. This will be sent by addy to you.
CSO Search (Required): CSO stands for "Corporate Search or Company Search." This involves conducting a comprehensive search of public records to verify the legal standing and corporate history of any entities involved in the investment. This will be performed by addy and cross-referenced with the Letter of Attestation - Court Proceedings.
Other Agreements
- Purchase and Sale Agreement: A legal document outlining the terms and conditions of the sale between the buyer and seller.
- Loan Agreement (if it's not on title such as a letter of credit): A contract between the borrower and lender detailing the terms of the loan.
- Property Management Agreement: An agreement outlining the responsibilities and duties of the property manager.
- Asset Management Agreement: A contract defining the role of the asset manager in overseeing the property.
- Development Management Agreement: An agreement specifying the duties of the development manager in the development of the property.

Compliance Items

Please contact your legal counsel or a professional to obtain these items.

Bank Account(s): Details and documentation related to the bank accounts held by the company, including account numbers, types, and balances.
Register of Directors: A formal record listing all the directors of the company, including their personal details and dates of appointment.
Consent(s) to Act as Director: Signed consent forms from individuals agreeing to serve as directors of the company.
Company Articles: The governing document that sets out the company’s constitution, including its purpose, structure, and the rights and responsibilities of its shareholders and directors. It serves as the company’s rulebook for how it operates and is managed.
Incorporation Agreement: A legal document that formalizes the creation of the company, detailing the agreement between the founding members.
Limited Partnership Agreement: Please refer to Legal Items section above.
Bank Confirmation: A document from a bank verifying the existence of a company’s bank account and its details, often used for audit or verification purposes.
Miscellaneous: Any other relevant documents that don’t fall into the above categories but are necessary for the company's operations or legal compliance.