Established in 2016, Australian Secure Capital Fund Ltd (ASCF) is a Brisbane based fund manager operating three pooled mortgage investment funds: ASCF Premium Capital Fund, ASCF Select Income Fund and ASCF High Yield Fund.
The Funds earn a return for their investors by lending money invested with them to borrowers seeking short term loans. Each fund has slightly different lending policies, but all loans are are secured by a registered mortgage over the borrowers property.
ASCF then pays investors a fixed monthly return from the interest earned on these loans ranging from 5.00% to 8.09% per annum, depending on the term of the investment and choice of fund.
Unlike peer to peer lending, where investors will invest directly in a single loan, all investments in ASCF funds are spread across the entire pool of loans. This helps to minimise the impact of any losses incurred by a Fund.
ASCF does not provide any construction or development funding to property developers. This risky type of lending runs counter to our goal of providing capital stability and consistent income distributions, and our Product Disclosure Statement (PDS) prohibits us from providing such loans.
Our PDS also prohibits us from making loans to any ASCF directors, shareholders, or associated entities.
Since ASCF was launched in 2016:
- All investors have received their interest distribution every month
- All investors have had their request to redeem funds paid on time
- The value of investors initial investment has remained stable at $1.00 per unit.
Our directors are highly experienced in private lending, having been in the industry since 1997 using funds from high net worth individuals as well as their own personal funds.