Loan Investments made by Angas Prime

Loan investments are made by Angas Prime using funds pooled by its investors. Some deals are one off loans. These are not uncommon. Some are loans to property developers who deal regularly with Angas Prime. Some borrowers deal directly with Angas Prime one on one. Most transactions are introduced via Angas Prime's accredited broker panel.

Certain features are common to the loans selected. Security is taken over real estate in Australia comprising a registered first mortgage. Other features are quite diverse such as loan size (large and small), geographic location and loan to valuation ratio. Angas Prime is a bespoke lender that tailors each loan to meet the borrower’s requirements as well as Angas Prime’s lending requirements. Even if a borrower has borrowed and repaid funds a dozen times before, Angas Prime assesses each proposal on its merits. It is sensible practice to encourage repeat business for major clients. Angas Prime will decline to write a loan for its biggest customer if it is not comfortable with features of the security site being offered or if the terms do not permit Angas Prime to achieve its Target Rate of Return.

As an asset-based lender, Angas Prime places primary reliance on the first mortgage security that is taken. No consumer lending is undertaken by Angas Prime, only commercial lending. All loans must be for business purposes. The nature of the business purpose can vary from loan to loan. Most Angas Prime loans are made to property developers who are willing to pay a higher interest for the certainty of Angas Prime's loan approval and management practices. Sometimes Angas Prime will assist a borrower to acquire a site for development. Sometimes a loan will be a bridging facility whilst adjacent sites are acquired and consolidated. Sometimes a site is already owned by the borrower and Angas Prime finances civil works for roads and services to enable multiple titles to be created and sold to repay the loan. In a small number of cases, construction funding is advanced to erect houses or units for sale.

In other cases, the security property is ancillary to the loan purpose. Short term loan finance is advanced against real estate in order to achieve the borrower’s other goals. So long as the loan parameters are met, the real estate security is sufficient, there is nothing adverse about the borrower's character, the loan is for legitimate business purpose and the loan terms are acceptable then a loan proposal will be entertained. An important feature of Angas Prime’s business is loan management. It is one thing to lend money. It is quite another thing to get it back. Angas Prime is firm but fair with borrowers. At all times, the interest of investors comes first.