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The Balmain (MMT) Mortgage Trust
The Balmain (MMT) Mortgage Trust is a conservative unlisted unit trust designed for investors who are looking for returns greater than cash as well as a relatively low level of risk. The trust lends money to business and investment borrowers who will offer real property (such as residential, commercial, industrial and retail property) as first mortgage security. It provides an income stream and offers choices for investment, withdrawl and distributions.
The Balmain (MMT) Mortgage Trust was first launched as the Mariner Mortgage Trust on 31 March 2004. Balmain acquired the management rights of Mariner Mortgage Trust effective 1 January 2009. Unit holders endorsed the decision on 22 January 2009 by voting in agreement having seen Balmain as a well respected participant in the Australian mortgage trust industry as originator, servicer and manager of mortgage trust assets with a long and successful track record throughout Australia.
Fund assets
First Registered Mortgages over residential, commercial, industrial and retail properties make up the assets of the Fund.
Pricing and performance
The Balmain (MMT) Mortgage Trust pays a return based on the income it generates from its mortgages under management.
balmain + funds + the balmain (mmt) mortgage trust
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