Investors
Ascent First Mortgage Fund
Reliable & Secure
Ascent First Mortgage Fund
A specific first mortgage investment fund, designed to provide investors with regular income, secured by registered first mortgages over real property.
The Fund offers investment in specific first mortgage loans, which are secured by registered first mortgages over real property. The mortgages are registered at the relevant State land registry in the name of Ascent Funds Management Limited as the Responsible Entity for the Fund and it holds the mortgage on trust for the investors in that specific first mortgage.
The Fund is well-suited to a range of investors, but particularly those who are seeking regular and relatively high income from their investment.
- Borrower details
- Total Loan Amount
- Your Investment Amount
- Loan due date for repayment
- Interest rate
- Address and value of the secured property, and
- Details of the insurance cover on the secured property
Features and Benefits
The Ascent First Mortgage Fund is a high-yielding, fixed term investment providing regular income to investors
► Competitive
We offer competitive rates of return.
► Investment Terms
Maximum Investment Term is no more than three years (usual investment term is generally 12-24 months).
► No Fees
There are no entry or ongoing fees.
► 14 Day Cooling Off Period
Upon receipt of the summary of mortgage you have the right to withdraw from the first mortgage during the 14 day cooling off period.
► First Mortgage Investment Locations
First Mortgage Investment Locations; Metropolitan Melbourne and Major Regional Centres that include Geelong, Ballarat and Bendigo. Other locations may be considered on a case-by-case basis.
► Income Payments
Income payments are made to you monthly in advance.
► Beneficial Interest
You hold a beneficial interest in the first mortgage in which you invest.
► Risk Management
Our lending criteria is stringently followed, helping to minimise the risk of a non-performing first mortgage.
► Interest Return
The rate of interest that your money earns will depend on the particular first mortgages that you are participating in, which will be detailed in each summary of mortgage.
► Investment Amount
Minimum investment is $5,000. There is no maximum investment limit.
Investing in the Fund is easy.
We invite you to download and read our Product Disclosure Statement (“PDS”), complete the application form and return it to us with your investment funds.
Applications can be sent to Level 18, 350 Queen Street Melbourne 3000 and to equiries@ascentfin.com.au. We will then contact you to discuss your First Mortgage investment opportunities.
Alternatively, for further details about the Fund or how to invest, feel free to contact our experienced staff on 03 8676 0244 or via email enquiries@ascentfin.com.au.
