With over hundreds of millions of dollars in retail funds on behalf of thousands of Australian investors, Balmain is one of Australia's largest mortgage fund managers.
Recent upheaval in the retail mortgage trust sector has upset the status quo and has created a myriad of new opportunities. During this time Balmain has been acquiring mortgage funds and leading the industry with the development of revised product structures to reconcile the requirements of investors and borrowers.
Australia is now home to the 4th largest savings pool in the world and with an aging population comes the growing need for reliable income streams secured by capital stable assets. Balmain is well placed within the commercial mortgage industry to play an ongoing role in the development of this important sector.
Balmain Fund Administration Limited (AFSL 333213) a wholly owned subsidiary of Balmain NB Corporation Limited (Balmain), is currently the Responsible Entity of two mortgage funds which are registered managed investment schemes. Balmain (MT) Pty Ltd, a wholly owned subsidiary of Balmain Funds Management Pty Ltd which in turn is a wholly owned subsidiary of Balmain, is the investment manager for these schemes. Balmain AQUA Pty Ltd, a subsidiary of Balmain Funds Management Pty Limited, is currently the investment manager of three mortgage funds which are registered managed investment schemes and the responsible entity for these schemes is an independent entity.
Balmain continues to support mortgage funds and is keen to play a role in the continuing consolidation of the industry.
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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.
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 on 1 January 2009. Unit holders endorsed the decision on 22 January 2009 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.
Click here to go to the Balmain (MMT) Mortgage Trust Section
The Balmain AQUA Income Trust and the Balmain AQUA High Income Trust are diversified income trusts, deriving income primarily from loans secured by mortgages over properties used for commercial, industrial, retail, residential (non consumer credit code) and social infrastructure purposes, as well as from Mortgage Backed Securities.
These Trusts are managed by Balmain AQUA Pty Limited a subsidiary of Balmain NB Commercial Mortgages Limited.
Balmain AQUA is an investment manager of commercial mortgage investments and responsible for managing the investments of both Trusts (formerly the Mirvac AQUA Income and High Income Funds) in line with their investment strategies and benchmarks.
Balmain was a founding shareholder of the Trusts in partnership with the Mirvac Group. Following unit holder meetings in April 2010 Balmain acquired Mirvac’s 50% shareholding in the Fund Manager Mirvac AQUA Pty Ltd and changed its name to Balmain AQUA. Mirvac Funds Management Limited retired as Responsible Entity (RE) and was replaced by The Trust Company (RE Services) Limited an independent and professional RE and a wholly owned subsidiary of The Trust Company Limited.
Click here to go to the Balmain AQUA Income Trusts Section
Balmain Discrete Mortgage Income Trusts provide exclusive opportunities to invest in stand-alone first mortgage loans backed by commercial property that offer a range of different risk, rewards and investment terms.
Each investment is unique with target income returns from 6% to 8% p.a.* for terms from a few months to 2 years.
Click here to go to the Balmain Private website
*Returns advertised are target returns only. There is a risk that the investment may achieve lower than expected returns. Balmain Discrete Mortgage Income Trusts (BDMIT) is a managed investment scheme that is invested in mortgages backed by Australian commercial real estate. It is not a bank deposit and has a higher risk reward profile than a bank deposit. Investors in BDMIT could lose some or all of their investment.
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Snapshot as at 24 January 2020
Balmain Base Rates are our indicative base rates for commercial property lending. A lending margin is added to these rates depending on the nature and term of the transaction.