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Welcome to
East Coast Mortgage Trust
East Coast Mortgage Trust is a long established financial institution with more than 45 years experience in servicing the people of the North Coast of New South Wales and South East Queensland.
The Trust’s aim is to provide a combination of high return, secure opportunities for investors and competitive commercial finance for borrowers.
We deliver this through a mix of skilled expertise, friendly high quality personal service and professionalism.
If you are considering becoming a new investor, please take the time to look around our site.
We hope to welcome you soon to join the thousands of others already participating in East Coast Mortgage Trust.
In August last year we wrote to you advising of a series of actions we were taking in relation to eight borrowers in arrears greater than 60 days.
Our aim has been to resolve these issues as quickly as possible. Despite our best efforts that has not been possible. In some cases the situation has deteriorated. We have had one borrower bring interest up to date but a further 3 borrowers have fallen into arrears over this time.
Latest News
Fri, Aug 26th, 2011
4% Capital Return
As advised earlier this month the Board has resolved to set aside funds usually paid as distributions to provide cover (provisioning) for potential losses if loan security properties had to be sold in today’s depressed real estate market.
Therefore the monthly income distribution rate on all investment accounts will be temporarily reduced to 2.50%pa for a period of 6 months. This action is effective from 1st September 2011. To assist investor cash flow during this time we intend to repay each investor 4% of their capital. The return of capital will be conducted by way of a compulsory Withdrawal Offer.
For more information please download and read this announcement.
Thu, Aug 18th, 2011
Investor Meeting
Slideshow from the Investor Information Seminar held at Whitebrook Theatre on the 18th August 2011.
For more information please download and read this announcement.
