A mortgage or income fund is structured in a pooled or contributory nature which provides investors with a broad exposure to the income generated from many assets. An investor is generally not provided with a detailed picture of all underlying assets within the mortgage or income fund.
In contrast, AltX provides flexibility and transparency by giving you access to the full details of each loan transaction and the ability to choose individual investments based on the individual rate of return.
AltX also structures each investment in a Special Purpose Vehicle (SPV). This is different from property mortgage funds and income funds where you invest in one fund that combines many property mortgage loans.