Once you have invested in the Fund, your monies are invested in the Fund’s Cash Account and continue to earn interest at the Cash Account rate.
If you have selected the General Investment Account, your monies will generally be invested in the next available Syndicate-Fund. We will then send you an Supplementary Product Disclosure Statement (SPDS), after which you have 10 business days to opt-out if you do not wish to invest in that Syndicate Fund.
If you have selected the Specific Investment Account, we will contact you to provide more information about the Syndicate-Funds available for investment. You will need to complete an SPDS for each Syndicate Fund you wish to invest in and return it to us. Your funds are allocated from the Cash Account to the Syndicate-Fund when a drawdown is required by the borrower. Investments are on a first-come first-served basis. If we do not receive your signed SPDS before the Syndicate Fund is filled by other investors, you may miss the opportunity to invest in the relevant Syndicate Fund.
Investors then receive a sustainable monthly income stream for the term of the loan, and will also receive quarterly statements and updates about the progress of their investments.