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Heirloom Caribbean Real Estate Fund Launched
Thursday, March 03, 2011  Heirloom Caribbean Real Estate Fund Launched
by Bruce Ramsey, Heirloom Fund Management
Updated on: 3/3/2011 |
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The following press release and information therein has been obtained by ARGYLEnews from Bruce Ramsey who works for Heirloom Fund Management, a third party company. It is therefore not possible to make any guarantees about the validity of the information presented by Bruce Ramsey. As such, ARGYLEnews does not make any warranty or guarantee about the information contained within the following press release. Any problems or disputes over the following information should be raised with the author of the release (if provided below) or the proper authorities in Cayman Islands.
Bruce Ramsey, who is the CEO of Heirloom Fund Management, sent out a press release on Thursday, March 03, 2011 to announce: "Heirloom Caribbean Real Estate Fund Launched"
According to Bruce Ramsey, the Fund will direct investments through joint-ventures with local operating partners in order to leverage the visionary mindset these operating partners possess, and create potentially higher yielding investment opportunities.
Heirloom Fund Management is located at 122 Mary Street, 5th Floor, Zephyr House, P.O. Box 1748, Grand Cayman, Cayman Islands KY1-1109. Bruce Ramsey can be contacted by phone at 905-901-3063 for more information.
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. . .
Bruce Ramsey, CEO of Heirloom Fund Management Ltd. (the "Manager") is pleased to announce the launch of the Heirloom Caribbean Real Estate Fund (the "Fund").
The principal investment objective of the Fund is to provide investors with capital appreciation and income by investing in a diversified portfolio of real estate projects and assets in the Caribbean Region and in Latin American countries whose shores are bounded on the Caribbean Sea.
The Fund focuses on investing in a diversified portfolio of income properties and development properties of varying risk profiles and where we consider that such investments would offer potentially attractive returns. The investment mix will vary by asset type and will include: hotel and resort properties, single and multi-family homes, apartment condo buildings, commercial retail plazas, office properties and undeveloped land.
Investments may be directed through joint-ventures with local operating partners that have extensive experience in development projects, and will offer the Fund potentially higher yielding investment opportunities. The joint ventures formed will allow the Fund to leverage the visionary mindset these operating partners possess, while offering financial expertise that is in high demand in this target market
A significant portion of the Fund's investment capital will be allocated to earning interest income from 1st position performing mortgages secured by real estate properties, with a maximum loan-to-value ratio (LTV) of 70%. The Fund has identified several real estate projects in Antigua that it will initially participate in, with these investments being structured as equity and debt commitments.
Heirloom Fund Management Ltd. will be responsible for the execution of the Fund's overall investment strategy, including managing the composition of the Portfolio. The Manager believes that the Fund presents an investment vehicle that will offer the potential for stable attractive returns generated from steady increasing cash flow income and capital appreciation.
The Heirloom Caribbean Real Estate Fund provides a perfect opportunity for individual investors and financial institutions to participate in the rapidly growing real estate market of the Caribbean.
Advanced Fund Administration (Cayman) Ltd will be the Fund Administrator, BDO Cayman is the Fund Auditor and Global Bank of Commerce Ltd., Antigua, is the Fund's Banker and Custodian.
For additional information visit our website at www.heirloomfunds.com or for a copy of the fund prospectus please contact Bruce Ramsey at Heirloom Fund Management Ltd. at invest@heirloomfunds.com or at 905-901-3063.
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