Information on our Second Florida Syndicate Investment.

1. SYNDICATE 2

2. There are 2 key factors why this differs from
other global real estate opportunities
 Investment will only be in completed
properties, so there will be no development
risk.
 Investment will only be in non-vacation
properties, so the underlying yield will be
both existing and robust.

3. The key investment objective is to target a 12
month capital return of 40% as a result of:
 Strategic investment in bank foreclosed real
estate at an average of 30% bmv.
 Our established relationship with many of
the U.S banks.

4. The last 4 years has seen a collapse in global real estate
markets.
 There is some doubt whether many economies will
ever see any increase in property values whatsoever.
 What makes this opportunity different is that these
are not holiday or second homes, but are prime
residential homes for a thriving working population.
 The underlying economic drivers are in place for
both robust rental yield and strong capital
appreciation.

5. “Castle are not selling the US market in
general or Florida in particular, but rather
strategic investment to benefit from a short
term prime investment window ’’

6.  27th largest metropolitan area in the U.S.
 Thriving and fast growing business and commercial community.
 Orlando Convention Centre is the most modern and second
largest centre in the US.
 New Medical City at Lake Nona will be the most advanced of its
kind.
 Orlando real estate market is not dependent on government
backing through housing subsidies
 Local government incentives have successfully turned
Downtown Orlando into a major financial and banking centre.

7.  2.1 million residents in Greater Orlando.
 Median average age is only 36 years old.
 51 million annual tourist visitors.
 100 major tourist attractions.
 150 golf courses in Orlando area
 12 colleges - UCF enrolling 58,000 students.
 Disney World employs 62,000 people.
 Orange County Schools employs 53,500 people.
 Medical City will employ 36,000 people.

9.  Target Investor Return – 40%
 Target Term – 12 months
 Minimum Investment £25,000
 Target Syndicate Size £2,000,000
 70% Average Saving on 2006/7 Value
 30% Average Saving on Current Value
 60% Maximum Loan To Value
 Management Fee – 2% per annum
 Performance Hurdle
Up To 10% IRR Nil
Over 10% IRR 25%

11. Syndicate members will form a “Trading
Partnership” within the confines of a Scottish
Limited Liability Partnership, which in turn will
own 100% of the Share Capital in a Florida LLC
(Limited Liability Company).
To enable tax efficiency for UK taxpayers, it is
proposed that the syndicate capital will consist
of 1% equity and 99% non-interest bearing loan
stock.

12. 30 years of global real estate investment IAN RUSSELL
experience in the United States, the United
MANAGING PARTNER
Kingdom, Europe and the Middle East.
 Following the success of Syndicate 1, Castle
Investments are releasing Syndicate 2. DAVE BRILEY
US OPERATIONS
 Castle Investments differ from other
investment managers in that the partners
have always invested side by side with their
investor base, on exactly the same terms
and conditions.
ROBIN DUFF
GLOBAL OPERATIONS
*Appendix A- Syndicate Managers CV’s
BELINDA ROBERTS
MARKETING

13. Launched in October 2011, as a trial syndicate
with$2,000,000 USD of "friends & family" money.
 After 12 months due diligence to understand the
local real estate dynamics.
 After independent verification of all the underlying
local economic drivers.
We estimate that Syndicate 1 will achieve a gross
return in excess of 50% within its first 12 months
*Appendix B- Syndicate 1 Figures

14. Ian Russell
Managing Partner
Castle Investments
T: 0131 510 0413 | M: 07920 14 55 08
E: ian@castledin.com | W: www.castledin.com
A: 11A Dublin Street, Edinburgh, EH1 3PG