Our fund...
We’re often asked the question: “How does a Mortgage Fund work?”
A mortgage fund is a type of pooled investment, meaning it brings together money from multiple investors. These pooled funds are then used to provide loans, usually secured by real estate, in the form of mortgages. The borrowers repay the loan with interest, and that interest is passed on to the investors as returns.
In essence, investors earn income from the interest paid by borrowers, while the fund managers handle the process of lending and ensuring repayments. The advantage of a pooled fund is that it allows investors to diversify their exposure across multiple loans, reducing risk while still benefiting from regular returns.
For investors, our mortgage fund is attractive because:
- Starting to invest is fast and simple, with a streamlined application process
- We don’t require large sums of money for your initial or ongoing investment amounts
- Our loans are secured by first registered mortgage over real estate
- Our quarterly interest payments provide a regular income stream
- Our investments are managed by an experienced local team
- Our loans are used to fund Tasmanian projects and developments
For borrowers, our mortgage fund can offer:
- The ability to assess complex loans that traditional banks may not consider
- A simple, streamlined application process
- Fast approval times, particularly useful for clients who require access to their funds more quickly
- Interest only generally payable quarterly in arrears with the option to make lump sum payments
- Ease of mind in knowing that your loan application will be assessed by our team and Management Committee – locals who know and understand Tasmania
We have some great information for new clients who are interested in MCMF’s investing and borrowing services:
Key features of the Murdoch Clarke Mortgage Fund
Need the fast facts about MCMF? Here’s the details about our mortgage fund at a glance.
| RESPONSIBLE ENTITY | Murdoch Clarke Mortgage Management Limited ACN 115 958 560 |
|---|---|
| FUND TYPE | Registered Managed Investment Scheme |
| MAJOR ASSET CLASS | First Ranking Mortgages |
| INCOME DISTRIBUTION FREQUENCY | Quarterly |
| ESTABLISHED SINCE | 2000 |
| MINIMUM INVESTMENT | $100 |
| RETURN TYPE | Income only |
| APPLICATION AND WITHDRAWAL FEES | No fees payable upon investment or withdrawal and no account keeping fees |
| CUSTODIAN | Mystate Bank Limited ABN 89 067 729 195 |
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