Borrowing from MCMF

It’s a common misconception that a loan through the Murdoch Clark Mortgage Fund is similar to a bank. However, key differences in our processes make us distinct – which may mean an MCMF loan is the most appropriate loan for your circumstances.

From application…

At MCMF, we’re dedicated to providing opportunity in our state. We focus on supporting Tasmanian developments and projects to strengthen our economy and community. We lend from our pooled mortgage fund, which currently sits at $355M.

Our borrowing products include Commercial, Development and construction loans, and SMSF loans. We lend on security of residential, rural, hotels and specialised security and commercial properties.

We’ve designed our application process to be as simple and straightforward as possible – to give you time to concentrate on achieving your goals.

To apply – simply complete an application form and sign our Product Disclosure Statement. SMSF borrowers must also obtain independent financial advice from their financial advisor or accountant.

…to approval…

Our Management Committee will meet to assess your application and make their decision based on established lending criteria. The committee comprises highly experienced finance team who are also proud locals and fiercely committed to Tasmania’s future.

We don’t shy away from a challenge – we assess complex loan applications that may not qualify for conventional bank financing.

The application process is transparent, and our efficient and streamlined processes mean we have a fast turnaround.

….and beyond

It doesn’t stop there for us – we will continue to be available for any questions and support you require regarding your loan.

We don’t charge ongoing account fees; and we calculate interest daily to be paid quarterly in arrears.

Furthermore, construction loans can be progressively drawn down to assist in funding construction or business development projects – providing you with significant savings in finance charges.

"MCMF was able to step in for us where the traditional banking system couldn’t, [due to MCMF’s] ability to loan money to specialty, hard-to-finance structures… without MCMF, [our expansion] wouldn’t have went ahead."

Andrew Langmaid, Cherry Hill Coolstores – Latrobe, Tasmania

A state of opportunity

Investments are made here. Decisions are made here. We’re dedicated to creating a state of opportunity for all Tasmanians.

To discuss your loan application, contact us at 1800 00 62 63 or info@mcmf.com.au to book your appointment at our Hobart or Launceston office.

Important note: The information provided by MCMF is intended to provide a general overview. This information does not constitute advice, and is not complete. MCMF recommends that you seek personal advice from a licensed financial adviser on any investment or lending products.

The information has been prepared without taking into account the financial objectives, financial situation or particular needs of any investor or borrower. Before making an investment decision, you should read the MCMF Product Disclosure Statement and Target Market Determinations and consider whether:

• An investment in the Murdoch Clarke Mortgage Fund is appropriate for you; and
• You would benefit from independent professional advice before making your investment decision.