Funding Income Trust
The Trust is tailored to wholesale and sophisticated investors that seek higher levels of steady passive income and capital preservation through Australian real estate secured mortgages. (For Wholesale Investors Only)
The Funding Income Trust (‘Trust’) provides investors indirect access to a pool of mortgage Loans, secured by a first mortgage, facilitated by Funding.com.au.
As an investor, you obtain exposure to the Loans selected by the Manager and you should receive monthly distributions (Including amounts received by the Trust from the Borrower's repayments).
- Monthly interest payments
- Capital preservation through real property
- Short to medium investment term
- Diversification across a pool of mortgages
- Min. investment: $50,000
- Investment terms: 6 months or 12 months
- Max LVR: 70% First mortgage security
- $0 capital losses since inception
- All have achieved their target return or higher
Any investment rate of return and terms displayed are specific to the pool of mortgages and therefore subject to the performance of those mortgage investments. Any rate of return and income is targeted, are not guaranteed and are shown net of any fees. Investors: The following disclaimers apply to investors in the Funding Income Trust (“the Trust”). Funding.com.au Pty Ltd ACN 603 756 547 is the manager of the Trust and authorised representative (no. 1239776) of Funding Capital Pty Ltd ACN 639 203 345 (AFSL 523247). Funding Capital Pty Ltd ACN 639 203 345 (AFSL 523247) is the trustee of the Trust. It is important for you to read the Information Memorandum (IM) for the Trust before you make any investment decision. The IM is available on our website or by calling 1300 44 33 19. You should consider carefully whether or not investing in the Trust is appropriate for you. The rates of return from the Trust are targeted and not guaranteed and are determined by the future revenue of the Trust and may achieve lower than expected returns. Past performance is not a reliable indicator of future performance. Investors risk losing some or all of their principal investment. The investment is not a bank deposit. IMPORTANT: Information provided is general information only and should not be taken as legal or financial advice. It does not consider the specific needs, investment objectives or financial situation of any particular investor and you should seek advice from a professional financial adviser. Please refer to the Financial Services Guide for more information. See Privacy, Terms and Credit Guide for more details.
Jack’s an entrepreneur at heart with an innovative approach to solving problems. With over a decade of experience in lending and fixed income investments, Jack was awarded Young Leaders in Finance, CEO of the Year 2018. Jack not only leads his team to success at Funding but was also admitted as a Lawyer to the Supreme Court of Queensland and High Court of Australia, just one among many notable achievements.
Over 17 years experience in the financial services space with a focus on fund management and building transparent and lasting relationships with investors and stakeholders. At Funding, his leadership and strategic acumen are instrumental in nurturing investor relationships and driving our continued success.
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If you invest at least AU$500,000 in the Funding Income Trust you are automatically classed as a wholesale investor.
You also qualify as a wholesale investor if you provide a certificate by a qualified accountant stating that you have net assets of at least AU$2.5 million or gross income for each of the last two financial years of at least AU$250,000. A certificate issued by an accountant is valid for up to 2 years.
(Note – if you are contemplating an investment in the Funding Income Trust, you will find the accountants certificate in the Application Form.
You will need to give 90 days notice from the end of the current investment period to make any redemptions. You can not redeem an amount that will leave less than $50,000 remaining in your account unless you would like to redeem your full balance.
Our investments are backed by a registered first mortgage loan against Australian real estate. A first mortgage is a first charge over real estate owned by the borrower. If there is a Default in repayment of the Loan, the property can be sold in order to recover the Loan and repay Members.
The security property varies from loan to loan however each loan is secured over either Residential or Commercial real estate in locations across Australia.
Borrowers must have Australian real estate security, the ability to meet their repayments and a repayment strategy to exit the Loan at the end of the term. Our mortgages are catered to borrowers that need a fast and flexible solution. Short-term mortgages are more expensive than traditional finance, which is why we are able to provide higher returns to our investors.
The Funding Income Trust is the legal structure for our Pooled Fund. The Funding Income Trust is an unregistered managed investment scheme where members of the Trust are provided with access to first mortgage investments. Manager: Funding.com.au Pty Ltd ACN 603 756 547, Trustee: Funding Capital Pty Ltd ACN 639 230 345, AFSL 523247 and Custodian: Sandhurst Trustees Limited ACN 004 030 737.
The loan to value ratio or LVR is the maximum lend secured over the property. The LVR of mortgages within the pool may vary, however, all LVR’s must be less than 70% of the value of the security property. (e.g. Loan of $480,000 divide by Property Value of $800,000 = 60% LVR).
The interest from your investments is intended to be paid monthly, into your investment account, subject to the performance of the investments. You can elect to have these funds automatically reinvested, or withdraw to your nominated bank account. Please allow for 2-3 business days for withdrawals to be processed.
The applicable rate of return for your investment is based on the performance of the Fund and on the underlying loans.
Statutory Statement
This offer of scheme interests is available to wholesale clients only. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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