TRIO U.S. Opportunity Fund Limited Partnership
Location: British Columbia
Sector: Real Estate
Trio vs Mortgage:
-Ability to select a home and lease finance most similar to an auto lease with the same flexibility – use as an owner then decide to purchase or move-on.
-Can qualify for Trio when not mortgage eligible as Trio makes exceptions for self-employment, tenure of career history, application of new income and credit impacts due to foreclosure, short-sale, job loss, reduction in income, business failure, etc.
-Down payment is not required for Trio; costs to enter a Trio agreement amount to 2.5% of the home price vs. minimum government sponsored mortgage of 7.5% of the home price.
Trio vs Renting a Home:
-Consumer lives like an owner and pays a fixed lease payment, plus takes on the responsibility of an owner during their lease. Leases range from one to five years enabling a family to know their near term housing future.
-Provides consumer with the right to purchase their leased home at any time during or at the end of their lease agreement.
-Provides a mortgage at the inception of their lease term that Trio uses to finance the home up front. This mortgage is assumable by the consumer under the terms of their Trio lease. We call this an OwnOption Mortgage. Trio is the only source for OwnOption Mortgages in the U.S.
Darryl Lewis, Managing Director, President
Experienced and dedicated entrepreneur possessing an extensive real estate, finance, business management and technology background with a reputation for practical creativity. Skilled at creating business opportunities and succeeding in complex environments with demonstrated and sustained success.
Patrick Howard, Managing Director, Secretary/ Treasurer
Experienced and dedicated executive possessing an extensive real estate and finance background with a reputation for practical creativity. Skilled at creating business opportunities and succeeding in complex environments with demonstrated and sustained success.
Charles Rendina, Director
Senior lawyer licensed in British Columbia in 1989 and Washington State in 1999. Strong securities background. Executive experience in public and private companies. Financial industry experience includes series 7 and 66 licenses and time spent as a Broker Dealer representative at A.G. Edwards and Sons in the USA.
Ron has over 25 years of experience in the corporate finance and public accounting sector. His experience has ranged from being the Managing Partner of a large national Chartered Accountant firm to the Chief Financial Officer of a multi-national public corporation. More recently, Ron has been the National Leader for the Mining and Extractive Sectors for the same Chartered Accountant firm.
Dean Lapointe has a broad range of experience during his 35 years in the Real Estate industry in Vancouver, British Columbia. He began his career as a Realtor for a national company, following which he worked as a market research analyst in the United States. He then joined National Trust Realty, becoming the manager for their new investment, commercial and industrial properties division. Dean ran Lapointe and Associates Realty for 15 years; it was during this period of time he earned his designation as an Appraiser. Following a stint as Leasing Director for the Vancouver World Trade Centre, he became the senior Vice President and Nominee of a small I.C and I company – within 4 years this company was the 2nd largest in BC. Dean is currently Managing Broker at Coldwell Banker Prestige Realty, Vancouver, BC.
Experienced and passionate entrepreneur, Karolina offers expertise in communications, PR and media relations as well as social responsibility and immigration. Born and educated in Europe, Karolina immigrated to Canada in 1999 and gained experience in various fields such as immigration, law and marketing.
Ambitious Executive who creates strategic alliances with organization leaders to effectively align with and support key business initiatives. Builds and retains high performance teams by hiring, developing and motivating skilled professionals. Possessing outstanding presentation, communication and cross-cultural team management skills. High energy, results-oriented leader with an entrepreneurial attitude.
Now residing in Austin, Texas, Mr. Barber is a well-known figure in the International commercial property industry, and is linked with various ventures. He has been involved in commercial property as a developer and investor since 1964.