Frequently asked questions...
We have compiled a comprehensive list of frequently asked questions (FAQs) to help guide you through the process of investing or lending with MCMF.
If we haven’t covered your question - please feel free to contact our friendly and knowledgeable team.
About MCMF
What is MCMF?
MCMF stands for Murdoch Clarke Mortgage Fund. We offer investment and lending services and as a mortgage fund we pool our investors’ funds to provide loans to a range of borrowers i.e. Commercial, Agribusiness, Development and SMSF.
Here’s a few handy links to help you understand what we do at MCMF:
When was MCMF established?
MCMF was established in 2000 to succeed the Murdoch Clarke Contributory Mortgage fund that had been operated by Murdoch Clarke Lawyers in Hobart, Tasmania for over 100 years
If you’d like to find out more – read about our history here.
Who are MCMF’s clients?
Individuals, corporations trusts and self managed superannuation funds
However, our commitment to the Tasmanian community goes beyond just our clients. Through our investment and lending services, we aim to benefit the community as a whole and truly create a state of opportunity.
Here’s a few handy links to help you understand what we do at MCMF:
Investing with MCMF
How is the interest calculated on my MCMF investment?
Your interest is calculated on a daily basis.
How often does MCMF pay interest to investors?
As an investor in the Murdoch Clarke Mortgage Fund, you’ll receive distributions every quarter. These payments are based on the Fund’s income for the three-month periods ending on March 31st, June 30th, September 30th, and December 31st of each year.
Are all loans secured?
Absolutely. All loans are secured by registered first mortgages over real property – that is, land that is either vacant or built on (as opposed to personal or movable property).
Is MCMF a pooled fund?
Yes
Does MCMF have any investments in the stock market?
No. MCMF does not invest in the stock market.
What’s the minimum amount I can invest with MCMF?
The minimum investment amount is $100, and any future investment amounts can be as low as $100 – which makes investing accessible to anyone!
Borrowing from MCMF
What kind of loans does MCMF offer?
We offer a range of interest-only loan products to suit different needs - commercial loans, Self Managed Super Fund (SMSF) loans (perfect for people managing their own SMSFs who are looking to invest in property and grow their super funds), development loans and agribusiness loans.
What is the maximum amount that MCMF will lend on a property?
Our loans are secured by first mortgage for:
- Up to 66.6% of value of residentialand commercial property
- Up to 60% of value of rural property
- Up to 50% of value of hotels and specialised security
How do you calculate interest on my MCMF loan?
Your interest is calculated on a daily basis, with quarterly payments in arrears.
Do you offer fixed rate or variable rate loans?
All our loans are variable rate, and you can view our current rates on the Our Loans page.
Can you help me with a Development loan?
Certainly - we offer Development loans with a progressive draw down option. Rather than borrowing the full amount upfront, you can gradually borrow what you need - which can provide significant savings in finance charges.
Does MCMF charge recurring fees?
No! In great news for our borrowers - we don’t charge any recurring service or account fees.
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