Diversified First
Mortgage Pool

See our Offering Memorandum, Approval Process for Mortgage Investment Opportunity  

When we “pre-vet” something offered on our website, we are telling you that we have studied and examined it and based on that we have  determined it is a worthwhile opportunity that would be suitable for certain members of our community.  What might be suitable for some members may not be suitable for others.  We’ll help you understand what deals on our site are most “suitable” for you based on what you’ve told us about yourself. 

See our Offering Memorandum, Approval Process for Mortgage Investment Opportunity

 “Due diligence” is our detective work!  It is one of the early steps we take to determine whether or not an opportunity is suitable for our community.  “Due diligence” is a  comprehensive appraisal of an investment opportunity by Funscraper to establish and evaluate its potential as a good or bad investment.  As an investor in Fundscraper you rely on our due diligence when we conclude the investment is “suitable”!

See our Offering Memorandum, Redemption of Units 

If you have invested in Fundscraper Property Trust, you’ve invested in pools of mortgages through the Trust.  Mortgages, by their nature, are “long term” investments.  If you need your money in the near future, then a mortgage is not an appropriate investment – the return on mortgages is enjoyed over years, not months or days.  It is expensive for us to invest in mortgages – there is a great deal of “due diligence” associated with “pre-vetting” the opportunity to assess its suitability for our platform.   If you have to cash out early, then we charge you a small fee to compensate us for the work we’ve done creating the investment opportunity.  This small fee is the “redemption discount” though we do not call  it a “discount” – it’s a fee.  The longer your money remains with us, the smaller the redemption fee is over time. The fee is 5% of the total redemption price if you redeem your units in the first year and goes down to nil after the fifth anniversary of your purchase. The managers of Fundscraper Property Trust do have the ability to waive the redemption fees on a case by case basis.

With respect to an investment by the Trust, there is no “minimum term”  – the terms of the mortgages or other real estate assets we invest in vary widely and we endeavour to pass on the flexibility to our investors so they can invest in opportunities as offerings occur on the platform. 

We expect our investors to invest for the medium to long term.  If you need to cash out before the maturity of an offering or before the term of investment expires, we can charge a small fee against the Redemption Price (which is the original purchase price).  The fee is to compensate us for the work we’ve done bringing the opportunity to the Platform. 

See our Offering Memorandum, Redemption of Units.

See our Offering Memorandum, Approval Process for Mortgage Investment Opportunity

We protect our investors through stringent underwriting and review. The investments made by the Trust are secured against real estate and the value of our investments is always less than the security we’ve negotiated to secure the investment.

Fundscraper Property Trust is a “continuous” offering meaning that we are always open to investors.  We aim to do a formal closing the first day of each month.  Sometimes, due to holidays, our “closing” is scheduled for the middle of the month instead of the 1st of the month.  

See our Offering Memorandum, Approval Process for Mortgage Investment Opportunity

We protect our investors through stringent underwriting and review. The investments made by the Trust are secured against real estate and the value of our investments is always less than the security we’ve negotiated to secure the investment. Some of our offerings have shorter terms, and some have longer terms to help investors manage duration risk.  Often times, we have on hand an interest reserve from the borrowers of underlying mortgages to ensure interest payments can still be received in case of borrower default, giving the loan administrator enough time to remediate the defaulted mortgage or exit a mortgage.  We do try to provide investors with a diverse selection of offerings that meet their investment objectives, return expectations and risk tolerance. 

See our Offering Memorandum, Redemption of Units

The asset manager always has discretion in respect of redemptions. The use of such discretion is exercised on a case-by-case basis. 

See our Offering Memorandum, Redemption of Units

If you have invested in Fundscraper Property Trust, you’ve invested in pools of mortgages through the Trust.  Mortgages, by their nature, are “long term” investments.  If you need your money in the near future, then a mortgage is not an appropriate investment – the return on mortgages is enjoyed over years, not months or days.  It is expensive for us to invest in mortgages – there is a great deal of “due diligence” associated with “pre-vetting” the opportunity to assess its suitability for our platform.   If you have to cash out early, then we charge you a small fee to compensate us for the work we’ve done creating the investment opportunity.  It’s not a “penalty” – it’s a fee for our services. The longer your money remains with us, the smaller the redemption fee is over time. The fee is 5% of the total redemption price if you redeem your units in the first year and goes down to nil after the fifth anniversary of your purchase. 

Yes. There are two documents you should (“must” your mother would say!) review.  The first is our Offering Memorandum.  This is a long document that tells you our story and what you need to know about the investment you are about to make.  We have spent a great deal of time preparing this document for you and we really want you to read it!  The second thing you should read is the “Supplemental” that comes with the Offering Memorandum.  It describes to you the particular investment you want to purchase.  The third document you should read is the “Terms and Conditions of Subscription” – if you choose to purchase units in our Trust, then this document sets the terms of our purchase and sale.