We build legacy to create tranquility for people we deeply care about. We provide investors with financial education to create passive income through Real Estate Investing.

At Glenroe Lending we prioritize providing financial education first; and then offering an investment opportunity as a follow up. In order to provide an opportunity for investment, we must legally be able to prove we have a relationship in place with our investors. Providing financial education to you, the investor is our way of establishing our relationship. The first point of contact is booking an exploration call with President John Heeney. We spend time listening to your financial goals and pride ourselves on being able to help you increase your financial education. As a member of the Glenroe Lending family, it is our commitment to continue to provide regular education through our social media, website and investor emails.

When you are comfortable with the level of understanding of what we are investing in, we send you a Loan Agreement to sign as well as a signed promissory note. We are also required by the Securities Commission of Ontario to have you sign a Risk Acknowledgement Form (Form 45-106F12). When those forms are signed and returned to us, we then make arrangements for you to transfer money to our company bank account and your money is immediately invested to start working for you. Monthly or quarterly Interest payments are automatically deposited to the bank account of your choice, depending on investment denomination. Payment statements are provided and a T5 tax form is sent to you for tax preparation.

There is no such thing as guaranteed. We all know that nothing in life is guaranteed. Investments are the same. Real estate offers some form of security because there is a tangible asset that you can see and touch, the property. The Glenroe name is the only one that appears on the mortgages we invest in with our real estate investors. Glenroe holds the security on the investments they make in the real estate they invest in. None of our investor are tied to any real estate. Glenroe offers Promissory Notes to their investors. Glenroe can only offer a form of security “through“ Glenroe but not on their own.

A promissory note, sometimes referred to as a note payable, is a legal instrument, in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand of the payee, under specific terms. It is important to understand that what we offer our investors is not a secured agreement and is not tied to any real estate. Our investors simply have a promissory note to bind Glenroe Lending to the investor and return capital under the terms provided in the promissory note.

This is totally up to you. We will discuss this before you invest with us. Like any investment, time is needed for investments to work and produce passive income. Our promissory notes stipulate that a one year term is required but we also want to be sensitive to the needs of our investors and recognize that different circumstances can happen in life where invested monies may need to be liquidated. Having flexibility with our investors is a top priority with us at Glenroe Lending. We recommend you invest with us for the term of one year. It just doesn’t make sense for both parties to have really short terms for the investment. Having open communication regarding this is very important from the beginning.

Yes, taxes are one of the necessitates of life. There is no easy way of getting around having to pay taxes. The income you received as a result of investing with Glenroe Lending is taxed as passive income. The key to paying the least amount of tax is finding the person or company that has the lowest tax rate. When dealing with couples we recommend choosing the person in the lowest tax bracket for the choice of the name on the promissory note to pay the least amount of tax. You pay tax on the interest earned on the capital invested each year. We provide a T5 statement, prepared by our accountant for tax purposes. As always, it’s a good idea to run this over with your accountant to seek wise council on how to structure the investment. We are more than happy to deal with corporations as they often have lower tax rate.

Since this investment offers a calculated rate of return; reporting is very easy and predictable. At Glenroe, we recognize that reporting to our investors is crucial and very important for each person. Each client has an investor statement where the monies invested are tracked and recorded, this is always available to our investors upon request. We send this out annually to all investors at year end along with the T5 tax statement. Should you wish to see it mid-year please request it from mollie@glenroelending.ca.