How It Works

Real Estate Project Needs Water Service

Real Estate Developer enters into a Water Main Extension Refund Contract ("Refund Contract") to extend water services to their project.

Developer Pays Refundable Deposit

Real Estate Developers pay the Water Company a Refundable Deposit that covers the entire cost of the new water services.

Water Company Refunds The Developers Costs Over Time

After the new water lines are installed, the Water Company refunds the developers deposit. The full amount of the refundable deposit is returned over 40 years, without interest.

Why Real Estate Developers Sell Their Refund Contracts

Real Estate Developers sell their Refund Contracts because they can use the money in their business and make better returns.

We buy Refund Contracts at a significant discount from the Refundable Balance to create a profit.

Refund Contracts are either sold to individual investors or placed into Apex Income Fund where investors purchase Notes backed by Refund Contracts.

Refund Contracts Pay Similar To Annuities

Refund Contracts pay similar to annuities, but offer a higher yield than annuities.

Water Companies are Financially Sound

Water Companies are regulated by the California Public Utilities Commission and have approved profit margins built into their tariff schedules.

Water Company Refund Contracts Have Never Defaulted

During our 50 years experience with over 5,000 Refund Contract transactions, no Refund Contract has ever defaulted.

Direct Ownership Terms

Payments Made Direct To Contract Holder

Water Companies make one annual payment direct to the Refund Contract Holder. There is no intermediary.

Lock In Long Term Income

Payments Made Direct To Contract Holder

Investors seeking long term higher fixed income will choose direct ownership of Refund Contracts. Direct Ownership is best for Investors that prefer long term income over speculative investing.

Transfers

Refund Contracts Available

Refund Contracts may be sold or transferred at any time. We will charge a 5% fee to place your Refund Contract with a different Investor.

Refund Contracts Available

To see a list of Refund Contract currently available and upcoming.

See Refund Contract Examples

Apex Income Fund Note Terms

Pass Through Notes

Shorter Term Commitment

Income received from Refund Contracts held by Apex Income Fund at Equity Trust Company is passed through and paid to the Note Holders. Payments are made quarterly to the Note Holder via ACH (direct deposit). Principal paid at maturity.

Shorter Term Commitment

Investors seeking a 3 or 5 year investment term may invest in Notes backed by Water Company Refund Contracts. Investors may have options to extend the Note at maturity.

Transfers

Accredited Investors Only

Notes are typically non-transferable except to the Note Holder affiliate. Investors should expect to hold their Note to maturity.

Accredited Investors Only

Investors purchasing Apex Income Fund Notes must be an accredited investor.

Higher Yields. Lower Risk.

Refund Contracts

How It Works

Real Estate Project Needs Water Service

Developer Pays Refundable Deposit

Water Company Refunds The Developers Costs Over Time

Why Real Estate Developers Sell Their Refund Contracts

Refund Contracts Pay Similar To Annuities

Water Companies are Financially Sound

Water Company Refund Contracts Have Never Defaulted

There Are Two Ways To Invest In Refund Contracts:

1. Direct Ownership Of Refund Contracts

Direct Ownership Terms

Payments Made Direct To Contract Holder

Payments Made Direct To Contract Holder

Payments Made Direct To Contract Holder

Lock In Long Term Income

Payments Made Direct To Contract Holder

Payments Made Direct To Contract Holder

Transfers

Refund Contracts Available

Refund Contracts Available

Refund Contracts Available

Refund Contracts Available

Refund Contracts Available

2. Apex Income Fund Pass Through Notes

Apex Income Fund Note Terms

Pass Through Notes

Shorter Term Commitment

Shorter Term Commitment

Shorter Term Commitment

Shorter Term Commitment

Shorter Term Commitment

Transfers

Accredited Investors Only

Accredited Investors Only

Accredited Investors Only

Accredited Investors Only

Accredited Investors Only

Higher Yields. Lower Risk.

Refund Contracts

How It Works

Real Estate Project Needs Water Service

Developer Pays Refundable Deposit

Water Company Refunds The Developers Costs Over Time

Why Real Estate Developers Sell Their Refund Contracts

Refund Contracts Pay Similar To Annuities

Water Companies are Financially Sound

Water Company Refund Contracts Have Never Defaulted

There Are Two Ways To Invest In Refund Contracts:

1. Direct Ownership Of Refund Contracts

Direct Ownership Terms

Payments Made Direct To Contract Holder

Payments Made Direct To Contract Holder

Payments Made Direct To Contract Holder

Lock In Long Term Income

Payments Made Direct To Contract Holder

Payments Made Direct To Contract Holder

Transfers

Refund Contracts Available

Refund Contracts Available

Refund Contracts Available

Refund Contracts Available

Refund Contracts Available

2. Apex Income Fund Pass Through Notes

Apex Income Fund Note Terms

Pass Through Notes

Shorter Term Commitment

Shorter Term Commitment

Shorter Term Commitment

Shorter Term Commitment

Shorter Term Commitment

Transfers

Accredited Investors Only

Accredited Investors Only

Accredited Investors Only

Accredited Investors Only

Accredited Investors Only

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