VANCOUVER, BC, Aug. 24,
2023 /CNW/ - Parvis Invest Inc. (TSXV: PVIS)
("Parvis" or "the Company''), a technology-driven real estate
company focused on broadening access to institutional quality real
estate investment opportunities, today announced a new investor
agreement with Northern Alliance Trust ("NAT").
The Company has reached a new milestone with this agreement,
reinforcing its strategic efforts to offer a new type of service in
the industry and revitalizing an outdated system with its leading
tech-enabled platform and seamless, transparent process.
"We are thrilled to announce our investor agreement with
Northern Alliance Trust," said David
Michaud, Parvis' Chief Executive Officer. "Parvis remains
focused on its mission to democratize access to real estate
investing to the masses and simplify the process at every step. As
a result, we have been dedicated to growing our EMD service
vertical and expanding our product portfolio, and we are excited to
unlock growth opportunities for our partners and long-term value
for Canadian investors. We look forward to working with the team at
NAT."
NAT is a Mutual Fund Trust affiliated with Northern Alliance
Financial Corp., that offers investors access to the private
residential mortgage lending market, secured by equity in real
property in Western Canada. The
company has a track record of providing consistent, profitable
returns, as well as straightforward investing opportunities.
As part of its agreement with NAT, Parvis, via its subsidiary
Parvis Fintech Inc., will become their investment platform as an
Exempt Market Dealer (EMD), enabling cost-saving opportunities and
efficiency improvements with its compliance and regulatory
services. Taking the burden of administrative work off NAT will
allow them to focus their efforts on creating value for their
investors and raising capital for their funds.
About Northern Alliance
Northern Alliance Financial Corporation was founded in 2015 on
successful, disciplined lending practices that the management team
developed in previous ventures. Its expertise in lending,
underwriting, and loan management was transferred to Shelter
Lending in 2020 and positions the mortgage income funds and Shelter
Lending for unparalleled success in Western Canada's private lending market.
Northern Alliance Financial manages residential mortgage income
funds focused on providing their investors access to the real
estate market by investing in residential mortgages in Western Canada.
About Parvis
Parvis is a technology-driven real estate investing platform.
Focused on broadening access to institutional quality real estate
investment opportunities, Parvis promotes greater access in this
historically inaccessible and illiquid asset class. Enabled by
blockchain technology, Parvis makes finding, tracking, and
maximizing investments an experience that is both frictionless and
empowering. Parvis Fintech Inc., a wholly owned subsidiary of
Parvis, is registered as an Exempt Market Dealer in all Canadian
Provinces. Parvis, headquartered in Vancouver, employs experts in Toronto, Vancouver, Kelowna and Montreal. Additional information about Parvis
is available at www.parvisinvest.com and on SEDAR at
www.sedar.com.
Cautionary Statement Regarding Forward-Looking
Information
This press release of Parvis contains statements that constitute
"forward-looking statements." Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
that may cause Parvis' actual results, performance or achievements,
or developments in the industry to differ materially from the
anticipated results, performance or achievements expressed or
implied by such forward-looking statements. This news release is
not intended for distribution to U.S. news services or for
dissemination in the United
States.
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SOURCE Parvis Invest Inc.
