About...
Our history
MCMF has an extensive history of providing opportunities to the Tasmanian community.
The Murdoch Clarke Contributory Mortgage Fund (the Old Fund) was established by the law firm of Murdoch Clarke over one hundred years ago and has grown significantly since its inception. In managing the Old Fund the partners of Murdoch Clarke adopted a conservative lending policy. With the introduction of the Managed Investments Act in 1998, a managed investment scheme (the definition of which includes the Old Fund) was required to be registered with the Australian Securities and Investments Commission (ASIC).
Accordingly, the Murdoch Clarke Mortgage Fund was created by Murdoch Clarke with Tasmanian Perpetual Trustees Limited (TPTL) as the Responsible Entity. All mortgage securities transferred to the Murdoch Clarke Mortgage Fund were subjected to a full due diligence evaluation.
After the creation of the Murdoch Clarke Mortgage Fund, negotiations took place in relation to investors and loans from other ‘run-out’ funds transferring to the Murdoch Clarke Mortgage Fund, subject to the consent of those investors and the loans being approved and complying with the relevant Murdoch Clarke Mortgage Fund criteria.
Investors and loans from ‘run-out’ funds operated by Ogilvie McKenna (now Ogilvie Jennings) and Henry, Wherrett & Benjamin (the Participating Solicitors) have become part of the Murdoch Clarke Mortgage Fund.
In June 2006, TPTL was removed as the Responsible Entity of the Murdoch Clarke Mortgage Fund and Murdoch Clarke Mortgage Management Limited was appointed to act as the Responsible Entity in its place.
Our present
Today, we have consolidated our position as one of Tasmania’s most trusted mortgage funds, with our fund now at more than $430 million.
Investors are attracted to our reputation as a well-established managed investment scheme , while borrowers and referral partners choose us as a trusted non bank alternative with competitive interest rates for commercial, agribusiness, development and self-managed superannuation fund loans.
Our experienced staff hail from a range of backgrounds, from legal to finance, with extensive local knowledge.
Our offices are located in Victoria Street, Hobart and George Street, Launceston. Our recent expansion to the north of Tasmania in late 2021 allows us to better service existing and new borrowers and investors throughout the State.
As our business grows, we remain committed to building and maintaining quality relationships with our investors and borrowers, and supporting growth in Tasmania.
MCMF. A state of opportunity.
This is an example of a site-wide message.