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 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 July 2007 ISCU transferred its business to Connect Credit Union of Tasmania Limited and Connect Credit Union of Tasmania Limited changed its name to Mystate Bank Limited and continued to be the custodian of the property of the Murdoch Clarke Mortgage Fund until 3 March 2025.
Sandhurst Trustees Limited became the custodian of the Murdoch Clarke Mortgage Fund on 3 March 2025. Sandhurst Trustees Limited does not hold all of the property of the Murdoch Clarke Mortgage Fund as custodian. The extent to which Sandhurst Trustees Limited holds the property of the Murdoch Clarke Mortgage Fund as custodian is explained on page 42 of the PDS in the section headed “THE CUSTODIAN”.
Our present
Today, we have consolidated our position as one of Tasmania’s most trusted mortgage funds, with our fund now at more than $540 million.
Investors are attracted to our reputation as a well-established, high performing investment fund, while developers and lenders choose us as a trusted private lender with competitive interest rates for commercial, development, rural 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 expansion to the north of Tasmania in late 2024 allows to 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.