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 |