Frequently Asked Questions


Investors are buying equity and debt securities issued by sponsor companies. In the case of equity securities, these securities are limited partnership units which give the unit holder an ownership stake in the partnership company. The partnership company owns the equity or debt instrument tied to the project being financed.
Minimum investments depend on the project profile and capital raise. However, Fundscraper aims to create access to a broader investor base and we do so by targeting a minimum investment size of $5,000.
a) We are only allowed to accept registration from Accredited Investors or investors who intend on relying on prospectus exemptions to make an investment.

b) An investor will be required to complete an online questionnaire that will allow Fundscraper to assess the suitability of investments and to fulfill KYC, KYP responsibilities.
a) During registration by investor members, we verify the identity of investors by comparing supplied names, social insurance numbers, addresses, and telephone numbers with credit agencies. We also verify and ensure that the particulars match the identity provided by the bank account given during signup or by validating a photo copy of government issued identification.

b) Fundscraper also checks with other third party databases to ensure that the identity provided to Fundscraper is accurate.
The Scraper™ Network is Fundscraper’s online social investing platform. As a member of the Scraper™ Network, investor members will be able to access our platform to review and make commitments to invest into exclusive real estate projects.
These are individuals or firms who are professional investors or viewed as experts in their respective fields. The Fundscraper platform tries to bring on Notable Investors and Key Backers so that individuals can co-invest with the professionals who have aligned interests in the success of the investment and who have conducted their expert due diligence on the projects.
a) Investments will be structured so that funds will be drawn down on a 'progress draw basis' from Fundscraper’s custodian/trust bank account where invoices by service providers, suppliers, etc. are provided and reconciled with a formal draw request in a standardized template from the sponsor company to the Fundscraper GP, which will be responsible for approving such progress draws.

b) This ensures project budget control and that any spend is monitored to the minutest of details thereby preventing the potential for misallocation of investment capital.
Members of the Fundscraper management team will have the ability to participate in the offerings subject to relevant securities laws. Fundscraper will always place investors' allocation in priority to any member of Fundscraper’s staff.
a) The investment offerings provided on the Fundscraper platform range in security seniority and asset collateral. Each investment will have its own characteristics.

b) For equity investments, Fundscraper will always ensure that the investment is tied to a direct interest in the property itself.
Fundscraper aims to facilitate investments into all types of real estate asset classes such as residential, retail, office, industrial, hospitality, etc. Within these real estate asset classes, Fundscraper will source opportunities in all stages of the asset lifecycle from projects at the stage of raw land acquisition (with zoning imminent or in place) to projects under construction, close to construction start, or already income producing stabilized assets.
a) The first step to getting started is signing up. Signing up is easy to do, free, and does not mean you are committing to anything. Once your profile has been created, you will be able to browse our unique and exclusive listings and view detailed project information. If you choose to invest in a project, you will be able to view and sign all documents online.

b) You will get notifications of the progress of the project and be able to view tax reports and other documents on your personal investor dashboard. Our support team is standing by if you need assistance at any step of the process, or if you just want to say hello.
Securities purchased through the Fundscraper platform are issued pursuant to the rules governing the exempt market. Any resell of such securities must comply with these rules and any such resell may be subject to the prior written consent of Fundscraper. Subscribers wishing to resell their securities should advise Fundscraper and consult a legal adviser familiar with the exempt market rules.
a) Project investment time horizons generally range from 6 months to 5 years.

b) Our debt securities generally have a maturity date of 2-3 years but shorter term loans can be offered for periods of less than 1 year.
a) For debt investments, cash will be distributed as principal and interest payments are collected on the debts, subject to normal processing periods (generally 1-3 days).

b) For equity investments, each project will have its own exit or return strategy and cash will be distributed as the returns or exit strategy comes to fruition, in the priority as stated in the offering documents and investment structure. Fundscraper plans to use a third party trust agent to process the payments, investments, and distributions.
Fundscraper will source projects that aim to raise anywhere from $500,000 to $20,000,000.
Since all types of investments will be structured and sold to investors as limited partnership units, every investor must annually declare the capital gain/loss, interest income, or dividend income as it accrues. Prospective investors should consult their own tax and accounting advisors.
Fundscraper employs a rigorous diligence process prior to underwriting debt investments that maintains exceptional discipline in how we structure the debt investments. At a minimum, the following is reviewed to ensure it meets our standards:

- Borrower track record and experience in completing projects
- Borrower ID, credit score, and quality of borrower covenants including personal and corporate net worth statements
- Asset valuation through appraisals and other valuation methodologies
- Project budget and financial ratios review to ensure loan-to-cost, loan-to-value, and debt service coverage ratios fit within Fundscraper's criteria
- Land title search and liens check
- Insurance review
- Site visit
- Environmental review
- Review of development plans and municipal approvals (if applicable)
- Review of progress billings (if applicable)
It depends on the particular investment. The borrowing sponsor company may or may not be obligated to pay an early repayment fee. However, in some instances, a borrowing sponsor company will be obligated to pay an early repayment fee which will be distributed to the investors.
a) In the due diligence process, Fundscraper and the Investment Committees will source projects that will have enough buffer built into the project timeline so that there are allowances in scheduling to keep the investment horizon on pace.

b) Preferred equity investments will continue to earn a preferred rate of return.

c) Some project investments will have an outside date where the sponsor company is obligated to complete the project and allow the investors to exit the investment. Should this not occur, the sponsor company will be able to exercise its option to extend the project duration or will raise additional capital to allow existing investors to exit.

d) Debt investments have a fixed maturity date and few options to extend without penalty. Therefore, the sponsor company will be responsible for paying the interest and principal on time, or else be in default of the loan.
Funds are held in trust and are deployed to the project only after a minimum threshold of capital has been raised. If a minimum threshold of capital is not achieved, then all funds will be fully returned to investors, plus any interest that may have accrued.

Please read these terms and conditions of use as set out below (the “Terms”) carefully before using the web site and the Fundscraper services offered therein (such Fundscraper services, collectively with the web site, the “Site”).  These Terms govern your access to and use of this Site, including the messages, information, data, text, software, images and other content that make up this site (the “Content,” which content is part of this Site).  These Terms exempt Fundscraper Capital Inc. (“Fundscraper,” “we,” or “us”) and others from liability and/or limit our and their liability and contain other important provisions that apply to your use of this Site.

  1. 1. Terms of Use of Site

  1. 2. Limited Licenses

  1. 3. Membership and Accounts

  1. 4. Investments
  1. 5. Payment
  1. 6. Intellectual Property and Proprietary Rights
  1. 7. Linked Sites

Certain links on this Site may take you to other web sites that are not owned or operated by Fundscraper.  Fundscraper provides these links only as a convenience.  Fundscraper is not responsible for the content of any such linked web sites.  Fundscraper makes no representation or warranty regarding, and does not endorse, such linked web sites, the information or other content appearing thereon or any of the products or services available on or through such web sites.  If you decide to visit any linked site, you do so at your own risk and it is your responsibility to take all protective measures to guard against viruses and other destructive elements.  We welcome you to link to this Site.  However, you agree that if you link to this Site your website shall not (a) alter the visual presentation of this Site; (b) imply that Fundscraper is endorsing you or any other person, or your or such other person’s products or services; (c) imply an affiliation between you or any other person, or your or such other person’s products or services, and Fundscraper without the prior written consent of Fundscraper; (d) misrepresent the relationship of you or any other person with Fundscraper or present false, misleading or otherwise damaging information or impressions about Fundscraper or any of its products or services; or (e) contain materials that may be illegal or interpreted as distasteful, harmful, offensive, or inaccurate.

  1. 8. Privacy Statement

  1. 9. User Communications

Any non-identifiable information gathered by us through your use of this Site may be used by us for our own marketing, promotional and product development purposes and more specifically may be stored in a database and used by us to identify, customize and personalize user access, and assess utilization of this Site.  Such information may be shared with our affiliates, suppliers, licensors, partners and clients in furtherance of the forgoing purposes.

  1. 10. User Submissions (solicited and unsolicited)

  1. 11. Disclaimer
  1. 12. Limitation of Liability
  1. 13. Indemnity

You will indemnify and hold us and the Fundscraper Representatives (the “indemnified parties”) harmless from and against any claims brought by third parties arising out of your use of this Site, and any breach of these Terms by you, including any use of the Site other than as expressly authorized in these Terms.  You agree that the indemnified parties will have no liability in connection with any such breach or unauthorized use or modification, and agree to indemnify against any and all resulting loss, damages, judgments, awards, costs, expenses, and lawyers’ fees of the indemnified parties in connection therewith.

  1. 14. Choice of law

  1. 15. Termination of Use
  1. 16. General
  1. 17. Notices

All notices to us shall be in writing and shall be made via email.  Notices to us must be sent to the attention of our customer service representatives at [].  Notices to you may be sent, in our sole discretion, to the address or email address supplied by you as part of your membership.  In addition, we may broadcast notices or messages through this Site to inform you of changes to this Site or other matters of importance, and such broadcasts shall constitute notice to you at the time of sending.

  1. 18. Language

The parties have required that this agreement and all documents relating thereto be drawn up in English.  Les parties ont demandé que cette convention ainsi que tous les documents qui s’y attachent soient rédigés en langue anglaise.

The purpose of this Privacy Statement is to inform you about the types of Personal Information that Fundscraper Capital Inc. (“Fundscraper,” “we,” or “us”) collects, uses and discloses in connection with the web site and the Fundscraper service (collectively, the “Site”).  It explains how we use and disclose that information, the choices you have regarding such use and disclosure, and how you may correct that information.  By accessing the Site, you agree to the terms of this Privacy Statement.

We are proud to demonstrate our commitment to your privacy, by complying with the laws and regulations under, and principles of, applicable privacy laws in Canada.

From time to time, we may make changes to this Privacy Statement.  The Privacy Statement is current as of the “last update” date which appears at the top of this page.  We will treat Personal Information in a manner consistent with the Privacy Statement under which it was collected, unless we have your consent to treat it differently.  This Privacy Statement applies to any information we collect or receive about you, from any source.

    1. 1. To which organizations does this Privacy Statement apply?

    2. This Privacy Statement applies only to the collections, uses and disclosures of Personal Information by Fundscraper and not to other web sites that we have linked to the Site.  At various points on the Site, we offer links to other web sites operated by entities other than Fundscraper, and you should check the privacy policy of any linked web site to understand their personal information collection practices.  We are not responsible for the content or information collection policies of such web sites.

    1. 2. What is Personal Information?

    2. Personal Information” is any information that is identifiable with you.  This information may include but is not limited to your name, mailing address, phone number, email address, birthday, age, address, social insurance number, educational and/or employment history, banking information, investment objectives, and investment experience. Personal Information, however, does not include your name, business title or business address and business telephone number in your capacity as an employee of an organization. 

      1. 3. How do we collect your Personal Information?

      2. We will always collect your Personal Information by fair and lawful means; for example, it will be collected when you use our Site, when you create your profile, and when making an  investment. 

        1. 4. Where do we store your Personal Information?

        2. We will keep the Personal Information that we collect at the Fundscraper offices or at the offices of our third party service providers, as applicable.

          1. 5. How do we use your Personal Information?

          2. We identify the purposes for which we use your Personal Information at the time we collect such information from you and obtain your consent, in any case, prior to such use.  We generally use your Personal Information for the following purposes (the “Purposes”):

            • registering you for a user account for the Site (“user account”) including so that we may verify your identity and your status as an eligible investor pursuant to securities laws;
            • maintaining your user account;
            • providing or performing any services requested by you;
            • providing you with information about Offerings, services or promotions that may be of interest to you if you have specifically requested this information;
            • to process any investments you make;
            • to verify your identity, creditworthiness, and to meet regulatory requirements;
            • to gather your opinion and feedback;
            • in aggregated, non-identifiable form, to better understand how our users use the resources provided on the Site;
            • improving the Site or our services;
            • personalizing any interactive tools to better facilitate your use of the Site;
            • for such other uses of Personal Information for which you provide your consent; and
            • as otherwise permitted or required by law. 

                1. 6. To whom do we provide your Personal Information?

                We identify to whom, and for what purposes, we disclose your Personal Information, at the time we collect such information from you and obtain your consent to such disclosure.  For example, we may disclose/transfer your Personal Information:

            • to our affiliates and related entities, to provide and improve the services offered through the Site and for assisting us with the Purposes;
            • to third party service providers (such as payment processors or auditors) with whom we have a contractual agreements that includes appropriate privacy standards, where such third parties are assisting us with the Purposes: for example, service providers may provide telephone support, or data storage;
            • to Issuers (as defined in the Terms), for the purposes of completing an investment in an Offering; 
            • to such persons for which you provide your consent; and
            • as otherwise permitted or required by law.

                • Generally, we will only make disclosures of Personal Information to such persons for which you provide your consent. Notwithstanding the foregoing, we may also make disclosures of Personal Information to a potential acquiror in connection with a transaction involving the sale of some or all of the business of Fundscraper (in which case the use of your Personal Information by the new entity would continue to be limited by applicable law), or as otherwise permitted or required by law.

                  In addition, we may send Personal Information outside of the country for the purposes set out above, including for process and storage by service providers in connection with such purposes. However, you should note that to the extent that any Personal Information is out of the country, it is subject to the laws of the country in which it is held, and may be subject to disclosure to the governments, courts or law enforcement or regulatory agencies of such other country, pursuant to the laws of such country.

                  1. 7. When and how do we obtain your consent?

                  2. We obtain your consent prior to collecting, and in any case, prior to using or disclosing your Personal Information for any purpose.  You may provide your consent to us either orally, electronically or in writing.  The form of consent that we seek, including whether it is express or implied, will largely depend on the sensitivity of the Personal Information and the reasonable expectations you might have in the circumstances.  Implied consent occurs when we can assume you have given consent by some other action you have taken or decided not to take. For example, if you request specific information about an Offering or otherwise use our services and you provide us with Personal Information, we infer that you consent to us using such Personal Information reasonably to provide this information or provide you with the service.  In limited circumstances, we may rely on a third party to obtain your consent to the sharing of your Personal Information with us.

                    Under Canada’s Anti-Spam Legislation, as a user of the Fundscraper services we have your implied consent to send you electronic messages unless you notify us otherwise. You may do this by using the unsubscribe feature we include in any electronic message we send you or by modifying your user account profile.

                    1. 8. How do we ensure the privacy of your Personal Information when dealing with our affiliates and other third parties?

                    2. We ensure that all third parties (including our affiliates) that are retained to perform services on our behalf and are provided with Personal Information are contractually required to observe the intent of this Privacy Statement and our internal privacy policies and practices. 

                      1. 9. How long will we utilize, disclose or retain your Personal Information?

                      2. We may keep a record of your Personal Information, correspondence or comments in a file specific to you.  We will utilize, disclose or retain your Personal Information for as long as necessary to fulfill the purposes for which that Personal Information was collected and as permitted or required by law.  We have established minimum and maximum retention periods and procedures for maintaining and destroying your Personal Information. 

                        1. 10. How can you review your Personal Information that we have collected, utilized or disclosed?

                        2. If you make a written request to review any Personal Information about you that we have collected, utilized or disclosed, we will provide you with any such Personal Information to the extent required by law.  We will make such Personal Information available to you in a form that is generally understandable, and will explain any abbreviations or codes.

                          1. 11. How do you know that the Personal Information we have on you is accurate?

                          2. We will ensure that your Personal Information is kept as accurate, complete and up-to-date as possible.  We will not routinely update your Personal Information, unless such a process is necessary.  We expect you, from time to time, to supply us with written updates to your Personal Information, when required.

                            1. 12. What if the Personal Information we have on you is inaccurate?

                            2. At any time, you can challenge the accuracy or completeness of your Personal Information in our records.  If you successfully demonstrate that your Personal Information in our records is inaccurate or incomplete, we will amend the Personal Information as required.  Where appropriate, we will transmit the amended information to third parties having access to your Personal Information.

                              1. 13. How fast will we respond to your written requests?

                              2. We will attempt to respond to each of your written requests not later than thirty (30) days after receipt of such requests.  We will advise you in writing if we cannot meet your requests within this time limit.  You have the right to make a complaint to the federal Privacy Commissioner in respect of this time limit.

                                1. 14. How do we know that it is really you requesting your Personal Information?

                                2. We may request that you provide sufficient identification to permit access to the existence, use or disclosure of your Personal Information.  Any such identifying information shall be used only for this purpose.

                                  1. 15. What safeguards have we implemented to protect your Personal Information?

                                  2. We have implemented physical, organizational, contractual and technological security measures to protect your Personal Information from loss or theft, unauthorized access, disclosure, copying, use or modification, including:

                                    • that the only employees who are granted access to your Personal Information are those with a business ‘need-to-know’ or whose duties reasonably require such information;
                                    • premises security;
                                    • deployment of technological safeguards such as security software and fire walls to prevent hacking or unauthorized computer access; and
                                    • internal password and security policies.

                                      1. 16. How do you contact us regarding access to your Personal Information or our Privacy Statement and practices?

                                      2. All comments, questions, concerns or complaints regarding your Personal Information or our Privacy Statement and practices, should be forwarded to the Concierge Desk or at

                                        Or by mail at:

                                        Fundscraper Capital Inc.
                                        805 - 370 King Street West
                                        Toronto - M5V 1J9
                                        Ontario, Canada