October 1, 2022

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Greenbriar Announces USD $40 Million Senior Construction Financing Mandate with Voya Investment Management, LLC for Sage Ranch | 2022-03-30 | Press Releases

Coquitlam, British Columbia–(Newsfile Corp. – March 30, 2022) – Greenbriar Money Corp. (TSXV: GRB) (OTC Pink: GEBRF) (“Greenbriar“) declared currently it has executed a USD $40 million Mandate Agreement with Voya Investment Administration (Voya IM), LLC, the asset management enterprise of Voya Economical, Inc., for a senior secured building loan for the building of the 995 home Sage Ranch sustainable master planned local community undertaking in Tehachapi in Southern California. Voya will obtain a bonus of 2 million (3) yr Greenbriar widespread share warrants at CDN $1.25 per share at closing, or the similar volume moreover a USD $1 million cash break-up charge if the corporation choses a further financial institution.

Sage Ranch was prepared by JZMK Associates Architects and Planners, based on Principals of New Urbanism, which are promoted through classic community improvement with walkable and related streets, solid streetscapes with housing fronting on to the street, unobtrusive off-avenue parking, absence of walled communities, orientation to parks around all homes, and architecture constant with regional and neighborhood character.

Sage Ranch is a totally entitled 995 home sustainable subdivision that is each top edge with the optimum excellent environmental facilities and a premier locale that offers an extremely small carbon footprint. Sage Ranch also plays an significant function of meeting the wants of the California housing current market which is critically small 3.5 million new households. The subsequent technologies and attributes make Sage Ranch an ethically accountable, in the vicinity of-zero carbon footprint living neighborhood:

  1. Rooftop solar panels for electrical technology on detached properties.
  2. Tesla (or equal) electric power wall for electric vehicle charging and electricity storage (optional).
  3. Seize and reuse of gray stormwater for outdoor irrigation and other non-potable takes advantage of.
  4. Use of sensible meters and intelligent appliances.
  5. Electrical power effective constructing components.
  6. Walkable life style minimizing every day driving: positioned instantly adjacent to neighborhood colleges and walkable to main downtown browsing locations.
  7. A lot of general public parks and open regions with sporting activities facilities

Economics

Altus Team Constrained, the authentic estate industry’s gold regular for economic feasibility evaluation for financial institutions and loan providers, issued on January 25, 2022 their ultimate report on the economical feasibility of Sage Ranch. The accomplished 116-page report is highlights the next summary monetary conclusions:

To be developed in 6 phases above about 6 decades at a rate of close to 165 models per year.

A overall of 995 units, comprising 1.6 million saleable square toes

Concentrate on average sales charge of US$272 for each saleable sq. foot. US$409 million of projected web residential revenue after 6% gross sales agent charges.

US$174 million projected internet gain and 67% income on price tag. Yearly challenge IRR of 62%.

US$124 million Web Present Benefit primarily based on a Price cut Level of 6% p.a.

About Greenbriar Funds Corp:

Greenbriar is a main developer of renewable electrical power and sustainable actual estate. With very long-expression, significant impression, contracted gross sales agreements in critical undertaking places and led by a prosperous, industry-identified working and development workforce, Greenbriar targets deep valued assets directed at accretive shareholder value.

About Voya Expense Administration, LLC:

A foremost, lively asset management organization, Voya IM manages, as of December 31, 2021, more than US$264 billion for affiliated and exterior institutions as very well as individual investors. With in excess of 40 several years of background in asset management, the organization has the knowledge and sources to offer consumers with investment answers with an emphasis on equities, set cash flow, alternate options and multi-asset tactics and solutions.

ON BEHALF OF THE BOARD OF Administrators

“Jeff Ciachurski”

Jeffrey J. Ciachurski

Chief Government Officer and Director

632 Foster Avenue, Coquitlam, British Columbia, Canada V3J 2L7

Cell phone: 949.903.5906

Fax: 604.608.9572

www.greenbriarcapitalcorp.ca

The TSX Undertaking Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Supplier (as that expression is defined in the insurance policies of the TSX Enterprise Exchange) accepts duty for the adequacy or accuracy of this launch. This press launch could have forward-looking statements. All statements, other than statements of historical truth, represent “ahead-searching statements” and consist of any facts that addresses actions, events or developments that the Organization believes, expects or anticipates will or may well manifest in the potential together with the Company’s technique, plans or upcoming monetary or functioning overall performance and other statements that express management’s anticipations or estimates of long term functionality.

To look at the supply model of this push release, remember to stop by https://www.newsfilecorp.com/release/118569