Angas Prime actively manages and maintains cash flow forecasts that demonstrate the Fund’s ability to meet its ongoing obligations. These forecasts are actively maintained and reported to the Angas Securities Board on a monthly basis. Angas Prime aims to retain appropriate cash in order to meet the needs of reasonably foreseeable withdrawal requests whilst balancing the objective of maximising returns. Maintaining sufficient available cash is subject to short term fluctuations that are an inevitable consequence of the timing of inflows to and outflows from the Fund.
Banks are retreating from the commercial lending space to concentrate on core business. So too are many non-bank lenders whose loan portfolios and lending experience is dominated by domestic residential lending. These market forces are creating profitable opportunities for Angas Prime and its investors. Angas Prime specialises in fully secured short term lending to the commercial property market.
Invest Now for a Target Rate of 6.5% p.a. Paid Monthly
As the end of the Financial Year approaches, many private investors are reviewing their portfolios with an eye to balancing capital growth with cash returns. The Angas Prime Income Fund (“Angas Prime”) offers investors a Target Rate of cash paid monthly which is based on the expected performance of the Fund over the next quarterly period. Angas Prime has met its Target Rate each and every month since the Fund was launched.
Angas Prime Income Fund (“APIF”) investors can now enjoy the convenience and security of depositing funds into their ANGAS PRIME account via BPAY®.
Track record and experience of Angas.
Angas has raised and advanced many hundreds of millions of dollars for first mortgage lending purposes since 2000. ASIC has issued an Australian Financial Services Licence to permit Angas to operate APIF as a Managed Investment Scheme pursuant to the Corporations Act. Angas Executive Directors and management are directly involved in the day to day affairs of APIF. Angas Directors and management have qualifications and skills in several relevant fields of operation including law, lending, funds management, treasury and risk management.
The transition of Angas Securities to a mortgage fund manager continues successfully. The Board has engaged Brian Doherty to fill the newly created position of Head of Funds Management. His dedicated role will ensure consistent delivery of services to all Angas Securities investors across the retail product range including Angas Prime Income Fund (“APIF”).
Since its establishment on 29 March 2000, Angas Securities has specialised in raising funds from the public for investment in first registered mortgages over real property. There remains strong demand for the funding of commercial property loans within the qualitative lending parameters that APIF requires. This has been enhanced by a drop in competition in recent years amongst non bank lenders. The primary security for any APIF loan must be a registered mortgage over freehold property. Second or subsequent mortgages will never be accepted as prime security. Borrowers who take out loans from APIF are often those who do not deal with traditional lenders such as banks or who may not meet the lending criteria of such lenders. Business proprietors, self employed borrowers or investors in property that does not generate income are amongst the class of typical APIF borrowers. As an asset based lender, APIF places primary reliance on the first mortgage security that is held. APIF can and does realise that security to obtain recovery of loan advances. This is done by APIF acting as mortgagee exercising power of sale.
The May 2016 edition of the Investor News is available to download here.
Angas Securities has adapted its core business activities to best position the current offering to investors. Executive Chairman, Andrew Luckhurst-Smith said that the Company’s investment offering was built on experience gained over many years. It reflected the shifting regulatory environment and was developed to meet the needs and expectations of discerning investors. Angas Securities operates a managed investment scheme known as the Angas Prime Income Fund (APIF). This is a mortgage trust which is open to retail investors. Angas Securities acts as responsible entity for the fund, which comprises fully secured first mortgage loans and cash. “Investor returns by APIF have been strong and consistent since its launch at the end of 2013. The board and management are very satisfied with the performance of this product to date and the exciting prospects which its growth presents for Angas Securities and its investor community” Mr Luckhurst-Smith said.