Investment Process

STEP

PROCESS

WHO

1

Read this PDS and consider whether investment in the Fund is suitable to you

YOU

2

To become a Member of the Fund, complete the registration form attached to the PDS and provide it to Angas

YOU

3

Angas receives the registration form and sources mortgage investments potentially suitable to members of the Fund

ANGAS

4

Angas receives finance proposals and, if deemed acceptable, undertakes appropriate borrower checks, security property valuations, credit and risk assessment

ANGAS

5

Angas reviews and assesses the information gathered and provides the borrower with a finance offer approved by the Credit Committee as suitable for a mortgage investment sub-scheme

ANGAS

6

Angas proposes a sub-scheme by issuing a Syndicate PDS to selected members of the Fund outlining borrower, security and transaction details of the mortgage investment

ANGAS

7

The selected members consider the Syndicate PDS, and if wishing to invest in the sub-scheme, complete the application form within the Syndicate PDS and provides it to Angas

ANGAS

8

Once the Syndicate PDS is accepted, and the minimum application amount achieved, Angas instructs the preparation of the loan agreement, mortgage(s) and any other transaction documents required

ANGAS

9

Angas arranges execution of the transaction documents with the borrower and coordinates a settlement date for the mortgage investment

ANGAS

10

Investor(s) provide their investor contribution to the sub-scheme to be deposited into the Angas Trust Account in readiness for settlement

YOU

11

Angas provides the investor(s) with a receipt their investor contribution deposited into the Angas Trust Account

ANGAS

12

Angas arranges settlement of the sub-scheme and lodgement of the mortgage and other transaction documents for registration and disburses funds as requested by the borrower

ANGAS

13

Angas issues the sub-scheme investors with a Members Mortgage Contribution Report as confirmation of settlement of the mortgage investment

ANGAS

14

Upon receipt of registration and new certificate of tile, Angas issues the sub-scheme investors with copies of the loan agreement, mortgage and certificate of title for the security property

ANGAS

15

Angas collects interest and remits the net income of the sub-scheme to the investors in accordance with the mortgage investment

ANGAS

16

Angas monitors borrowers’ adherence to the terms and conditions of the mortgage and actions any defaults accordingly on behalf of the investors

ANGAS

17

Angas advises the sub-scheme investors of the impending maturity of a mortgage investment sub-scheme

ANGAS

18

Investor(s) advise Angas of their intentions regarding their investment in the mortgage investment sub-scheme upon maturity

YOU

19

Upon maturity of the sub-scheme, Angas will, in accordance with the loan agreement, collect the principal and any other amounts owing under the mortgage and disburse funds as instructed by the sub-scheme investors

ANGAS