Yes. Once you allocate funds to an investment and the investment closes, your capital will be committed for the full term of the loan. Be aware that loan terms vary and investor can elect to invest in loans with shorter periods of investment.
There are a number of scenarios that may impact the term of the loan outside the initial stated term on the investments page.
1. The loan term could be shorter if the borrower prepays the loans.
2. The loan term could be longer if the borrower exercises an option to extend the loan, if there is a maturity default, or if any other delinquency/default occurs.
The principal and interest payments on the Note issued by AltX are dependent on the performance of the underlying mortgage.
If these scenarios occur, AltX will ensure this is communicated to each investor.