All loan applications are assessed by our Credit Team , (click here to learn more about our loans), and we use our own funds to initially provide these loans.
These short-term, first mortgage loans, are then made available to Investors like you and you are offered the opportunity to take all or part of these individual loans, which we will continue to manage on your behalf.
You will not have any contact with the borrower, but you will enjoy a registered first mortgage security over that borrowers property. The mortgage will be held for you and other investors in the loan, in the name of SCFL Nominees Limited.
We will collect all interest payments from the borrower, ensuring that these are held in a separate trust account, and, once received, will then pay your interest to you each month.
We will also collect the principal sum when the loan repays to our trust account, and to the extent received, repay these funds on to you, as per your instructions.
Should a borrower not meet any payment that is due, we will take appropriate action for recovery.
As a participant in any of these investments, your investment will rank equally with any other investor in that particular loan.
Please ensure that you fully understand this Investment Opportunity and the associated Risks.