The Fund offers investors access to first mortgage investments secured against non-specialised properties. As an indication, based on current interest rates, investors could expect returns of 7.25% to 8.5% depending on the mortgage they invest in. 

Returns can be fixed or variable with the latter tied to movements in interest rates generally, thereby ensuring investors always receive the level of return currently applicable to investments of that type.

Other benefits of the Fund include:

	Investments accepted from as little as $10,000
	Early redemption of investments is available where a replacement investor can be identified
	Monthly interest commencing from the day funds are received
	No specialised securities or loans for property construction or development
	Loans do not normally exceed 65% to 70% of the security property's value.
	While investor’s funds are held in cash pending investment in a mortgage, they are deposited with Australian trading banks and accordingly the Fund enjoys the protection of the Government Deposit Guarantee in respect of those monies.

Neither Austfin or the AF&L Direct Mortgage Fund lend for, or directly invest in, commercial property development

Investments can only be made on the application form included in our current Product Disclosure Statement.
You can download a copy, as well as our Supplementary Product Disclosure Statement or call our office on 1300 661 212 to request that a copy be posted to you.

We offer hassle free first mortgage loans secured by most types of readily realisable Victorian based property. We do have funds for lending in other parts of Australia, but if you are from another State please contact our office (1300 661 212) to discuss your requirement. 

Download a Mortgage Loan Application, complete and return it to us and, if approved, we’ll issue you a loan offer within 24 hours.  For straightforward transactions we can settle your loan within 72 hours of receiving your acceptance.

Loan amounts considered are $50,000 to $500,000 ($1.0M if funds permit).
Maximum loan to value ratios we consider are:

	75% for metropolitan residential and commercial property
	70% for industrial and well located rural residential property
	65% for vacant residential land and farming properties

Interest only repayments for terms of 6 months to 3 years.  Rates from 8.5% pa.
Short term bridging finance considered for periods of 1 to 6 months at 2.5% per calendar month.

Not if you have a history of regularly meeting other mortgage loans, but borrowers wishing to borrow the maximum possible, and those with no past borrowing history, or past or current credit issues will need to provide basic evidence of their cash flow.  In the case of loans regulated by the Uniform Consumer Credit Code (ie those for non-business purpose), borrowers must provide evidence of their ability to service their commitments.

If you wish to speak to someone about this product please contact Robert Norman or Laurie Best.

Note: We do not provide finance for property development.

The information contained in this document is not financial advice and intending investors should read the Product Disclosure Statement (Parts A & B) carefully before deciding to acquire or retain an investment, and if in doubt consult their financial adviser. An investment in the AF&L Direct Mortgage Fund should not be considered as being comparable with a bank deposit. Austfin does not guarantee investors capital and the return to investors is dependent on the capacity of the loan borrower to make loan repayments. Each mortgage is different and investors will receive a disclosure statement detailing the particulars of the mortgage they are seeking to invest in.