Aviawest Mortgage Investment Corporation

Invest Now! RRSP and TFSA eligible! Minimum 10% Initial Annual Return Guaranteed by Aviawest!

Most people don’t think upscale, luxury resort property when they see a campground and trailer park. But the Pearsons did.

In 1989 Andrew and Susan Pearson first surveyed a spectacular section of waterfront property, called Pacific Shores, on the east coast of Vancouver Island just south of Parksville. they saw more than just the campground and trailer park for which it was being used. They saw opportunity about 15 acres of opportunity. Patriarch, Andrew Pearson, assembled five other partners and purchased the land with the intention of developing it into whole ownership, upscale resort condominiums.

The Pearson's initial investment into Pacific Shores was their life savings of $200,000.

By the summer of 1990, sales for these new condominiums were moving forward but they weren’t accelerating at the pace the partners had hoped. So, the Pearsons researched their options and discovered that turning the development into vacation ownership (a deeded form of timeshare), may be a viable alternative. As it turns out, they were on to something in a big way.

Pacific Shores Resort launched the first sales of its new vacation ownership product in April 1991. Some of the vacation homes in the early 1990's were sold as 1/10th interests, now known as fractional ownership. Fractional ownership grew from a $500 Million industry in 2003 to over $2.3 billion in 2007. (Ragatz & Associates) The vacation ownership industry has grown from a $1 Billion in 1990 to $10 Billion in 2009.

By 1992 both sons, James and Lawrence Pearson were working along side their parents. The group was growing and arranged to buy out the original five partners and acquired one new partner, a local family owned construction company – Tripe H owned by Doug, Mike and Rob Hill. The new partnership was a good fit at the time, and the organization grew organically through the 1990's. By the year 2000, the Pearsons' felt it was necessary to exercise their option to buy out the Hill's interest so they could expand to other locations.

As the sole developers of Pacific Shores, the Pearsons were ready to start focusing on the big picture for the company. They envisioned a multi-destination, real-estate driven vacation club that would give purchasers greater flexibility than traditional vacation ownership: single-night stays and a home group of properties from which to choose.

Their concept came to fruition in June 2002: Aviawest Resort Club was born.

Along the way, a strong culture of commitment was developing that continues to this day. Dedication to the environment, a commitment to the hard-working leadership team growing with Aviawest, and a commitment to getting the important things done the right way.

Aviawest formed it's first investment vehicle for closely held friends and family in 2002. This was called Pacific Shores Mortgage Investment Corporation (PSMIC). It is highly successful but closed to additional funds and only available to closely held parties by law. PSMIC has averaged more than 10% annually since its founding in 2002.

Many Aviawest owners have desired to invest in the PSMIC and we've had to deny them due to the limited nature of how PSMIC was structured. It's simply been closed for additional funds and investors. The newly structured AMIC allows investors to invest $5000 or more into the fund, and the targeted return on investment is from 8%-12%. The targeted return is no guarantee of the actual return on investment.

Aviawest re-entered the fractional real estate business with a purpose built property, Parkside Victoria Resort & Spa which features 126 vacation homes as fractional interests. With over $53,000,000 in residential and commercial pre-sales at Parkside, it has been a phenomenal success. This new property is located behind the Empress Hotel in downtown Victoria, BC and is currently nearing completion for 2009.

The AMIC lending vehicle will invest in completed residential and commercial real estate at a leverage rate maximum of 75% loan to value ratio, as valued by a independent appraiser.

Aviawest now employs about 285 people, and is expected to employ over 400 by the end of 2009 with the addition of Parkside Victoria Resort & Spa. Aviawest expansion plans include the Okanagan Valley in BC, Calgary-Canmore in Alberta, the Gulf Islands, Whistler and International destinations.

Find Out More About Aviawest & Investing in AMIC by Contacting:

Zulak Financial Group Ltd.
Email: contactus@zulakfinancialgroup.com
Toll-Free Phone: 1.877.444.9938

Disclaimer: This is not an offering to invest, which may only be done via offering memorandum or prospectus. Further, this opportunity is limited to Canadian residents by law and is not valid in any other jurisdiction and is void where prohibited by law.