FIRST MORTGAGE MANAGERS LIMITED

First Mortgage Trust is a New Zealand-based investment manager specialising in property lending, established in 1996. Managing over $2 billion in funds under management for more than 7,500 investors, FMT operates as both an investment fund manager for retail investors seeking income-generating returns and New Zealand's largest non-bank first mortgage lender. The organisation positions itself around simplicity, capital protection, and consistent income through first mortgage-secured property lending, explicitly avoiding broader investment products like KiwiSaver, ETFs, or shares.

FMT offers accessible investment products starting from just $500, including the First Mortgage Trust Group Investment Fund, a tax-efficient PIE trust structure, and a wholesale fund for institutional investors. These funds deploy capital into interest-only, first mortgage-secured loans across residential, commercial, industrial, and rural properties throughout New Zealand. The investment approach emphasises capital protection through conservative loan-to-value ratios and diversification across property types and regions, making it particularly attractive to retirees and income-focused investors seeking alternatives to traditional bank term deposits.