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Centuria Bass Credit Fund – Wholesale offer
The Centuria Bass Credit Fund is an unlisted, open-ended property debt fund offered exclusively to wholesale investors and advised clients that aims to deliver an attractive target IRR of 8%+1.
The Fund’s strategy is to invest in first ranking commercial real estate debt transactions that are diversified across a mix of geographies, terms, sub-sectors and spread across multiple borrowers.
With 100% of loans secured by first ranking mortgages and a highly diversified portfolio, the Centuria Bass Credit Fund can provide capital preservation and downside protection benefits together with attractive returns.
Fund status: open to applications.
1. Long-term target IRR between 6-10%
8%+
Target IRR1
100%
first mortgage loans
Monthly
Distributions
$100,000
Minimum investment
Fund assets
If you would like more information, or would like to request an Information Memorandum, please call your Distribution Manager.
Key features of the Fund include:
- Track record of delivering attractive risk-adjusted returns to investors.
- Target IRR range of 6-10% p.a.
- Downside protection and capital preservation with 100% of loans secured by first mortgages.
- Open-ended with monthly liquidity available (see IM for more details).
- Highly experienced team with institutional grade capabilities, knowledge and industry networks.
Fund portfolio
- A mature portfolio diversified across various geographies, sub-sectors, loan types and multiple borrowers.
- Consists of 100% first mortgage investments with a mid-market focus.
- Strategy of lending to high quality borrowers with conservative LVRs and strong covenants.
- Lowly geared portfolio with weighted average LVR of 57.9%1
- Robust pipeline of loans that seeks to capitalise on a growing $60bn+ funding gap in the mid-market of commercial real estate debt.
1. As at 31 December 2022
Making it easy to invest with us
As an adviser, you can choose how to invest – either directly with us (refer to IM) or via a range of investment platforms.
The Centuria Bass Credit Fund is currently available on the following platforms:
- Macquarie Wrap
- Netwealth
- Praemium
- Powerwrap.
Centuria Bass Property Debt – Podcast series
Investing in debt funds can provide investors with the potential for regular interest income returns. Learn more about debt funds in the CRED sector and current trends for this investment technique in our two part podcast series, hosted by our very own Izzy Chilcott, Associate Director – Investor Relations.
The information discussed is of a general nature and is not investment advice. All opinions expressed and are the opinions of Yehuda Gottlieb, Partner at Centuria BASS, as of July 2022.
Any questions?
If you have any questions, or would like to request an Information Memorandum, please contact your local Centuria Distribution Manager.
Why Centuria Bass?
Centuria Bass Credit (CBC) is an unlisted, Australian real estate debt and investment manager. ASX-200 listed Centuria Capital Group (ASX: CNI) acquired a 50% interest in CBC in 2021.
Read more information about the 50:50 JV which expands Centuria’s unlisted funds platform, providing a diversified suite of investment opportunities for its clients, while offering non-banking finance for real estate secured transactions including development projects, bridge finance and residual stock.
Disclaimer
The Centuria Bass Credit Fund (CBCF) is an unregistered managed investment scheme available for investment from wholesale investors only. The Trustee of CBCF is Bass Financial Services Pty Ltd ACN 617 409 588, AFSL 499339. This EDM has been issued jointly by Centuria Bass Credit Pty Ltd (Centuria Bass) and Centuria Funds Management Limited (AFSL 479 875). An investment in the CBCF carries risk. As the Fund invests in commercial property debt it carries the usual credit risks associated with investing in debt funds. Risks can impact on distribution and capital returns over the term of the Fund. It is important that you read the IM and understand the risks of investing. Centuria Bass and its associates will receive fees in relation to an investment in the Fund as disclosed in the IM. Investment in the Fund is subject to risk including possible delays in payment or loss of income and principal invested. Centuria Bass does not guarantee the performance of the Fund.
Ratings disclaimers
*The Core Property rating (assigned in November 2020) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please click here. The rating is subject to change without notice and Core Property assumes no obligation to update the report.
^SQM Research rating: The ratings contained in this subscription are issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. SQM’s ratings may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. Financial Advisers should not refer to the SQM Research rating when issuing a statement of advice. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. Please note, past performance is not a reliable indicator of the future performance of a financial product. SQM Research receives a fee from the Fund Manager for the rating of managed investment schemes.