Each investment will be in the form of a registered mortgage/caveat over a property. Some investments will have two or more properties in the loan and some might include second mortgages on other property owned by the borrower.
Each investment will be summarised in a Sub-Scheme Product Disclosure Statement (SPDS) and this SPDS will be emailed to all registered investors.
Included in each SPDS will be a full description of the secured property, a valuation, a report on the borrower and full details of the loan amount, the duration of the loan and the proposed payment schedule.
Investors can choose the type of property that they wish to invest in, the location that they feel most comfortable with and the interest rate they want to achieve.
A minimum return of 8% on all AMFL loans will be offered. Some loans will have higher interest rates. It is important for the investor to know that often the higher the rate of return, then the higher the risk. Such risk will be fully disclosed in each SPDS.
Investors can chose to either contribute the full amount of the loan or a lesser amount that they are comfortable with.
Once the investor chooses to invest in a loan the investor will deposit the amount chosen by the investor into a fund. Once all loan documentation is signed by the borrower and checked by our legal team, the loans funds will be advanced to the borrower.
AMFL will then take all necessary steps to ensure the prompt repayment of the loan in full.