It depends on the particular investment. The borrowing sponsor company may or may not be obligated to pay an early repayment fee. However, in some instances, a borrowing sponsor company will be obligated to pay an early repayment fee which will be distributed to the investors.
Author: Sobana Baskaran
Can I sell my securities?
Securities purchased through the Fundscraper platform are issued pursuant to the rules governing the exempt market. Any resell of such securities must comply with these rules and any such resell may be subject to the prior written consent of Fundscraper. Subscribers wishing to resell their securities should advise Fundscraper and consult a legal adviser familiar with the exempt market rules.
Are the investment securities backed by any collateral or securitized by any asset(s)?
a) The investment offerings provided on the Fundscraper platform range in security seniority and asset collateral. Each investment will have its own characteristics.
b) For equity investments, Fundscraper will always ensure that the investment is tied to a direct interest in the property itself.
How long should I expect to hold my investment?
There is generally no “minimum term” – the term of mortgages we invest in vary widely and we endeavour to pass on flexibility to our investors so they can move in and out of our opportunities as they present on our platform.
However, Fundscraper investments, like all real estate investments, should be viewed as a long-term (5+ years) investment. We do offer shorter terms (subject to renewal) that are less than 12 months through our Fundscraper Property Trust Investment Vehicle Single Asset Mortgage Pools. If you need cash early, subject to a fee, you have redemption rights as set out in our Offering Memorandum under Redemption Rights.
What is the minimum investment?
The minimum investment amount ranges from $5,000 through to $250,000. Each investment offering or project has its own investment minimums.
Can I cancel my order?
If you’ve placed your investment within the last 1-2 business days, you should be able to cancel it from the Transactions section of your dashboard. If you have trouble requesting a cancelation, please contact us.
Keep in mind that once your investment order is complete, you will not be able to cancel your order.
How long does it take for my order to complete?
It typically takes three to five business days for an investment order to settle from the closing date, at which time you should begin participating in any potential returns.
You can find the expected completion date for any pending orders from the transactions section of your dashboard. If there are any issues, a member of our investments team will be in touch.
