Charter Income Fund

Asset backed, secured capital:  All Charter Fund investors are secured by first lien deeds on real estate.  The Charter Fund, is the source of capital for Charter Loans and Charter Participations.  Investors can choose from two options 1) Income paid by payments from loans, and 2) Participations in ownership of real estate.  Both are unleveraged participations within the investment group.

Like the stock market, we have a basis that is established at the "Buy-in", this is the point in which our investors place capital and are secured with a first lien position on real property.  As in the stock market, valuations change based on econmic climates.  Currently, we see that the economic retraction has surpressed values as a result of loose credit policies of the past.  The pendulum has swung the other way to where credit is restricted to near paralizing levels, not seen since 1940, as a result of poor economic and banking policies that ensued after the stock market crash of 1929 and social revitalization programs that brought about government bail outs and entitlement programs.

We believe that "Real Property" is behind real wealth, and that property has economic value due to its functionality and the viability of the social economic climate of the region it is located within.  The basic concept of "Design follows Function", so goes the econmic returns on real estate, returns follow functionality and the economic needs that real estate supports.  Cash-crops from growing food, or commodities on agricultural land, warehousing built to house durable goods, industrial property housing business, the cash-flow is a reflection of the economic need these "Real Assets" support in meeting those needs.