Centuria Bass first mortgage funds
A series of single asset real estate debt funds designed to provide attractive monthly income, downside protection and inflation-hedging benefits.
A series of single asset real estate debt funds designed to provide attractive monthly income, downside protection and inflation-hedging benefits.
The Centuria Bass first mortgage funds are a series of closed-ended debt funds that invest in loans holding registered first mortgages over Australian commercial properties and residential real estate developments. A first mortgage position has the lowest risk profile compared to all other commercial real estate (CRE) debt, as it has first rights to repayment in the event of any default or enforcement.
As well as downside capital protection, debt funds can make an attractive investment option for income-focused investors, as monthly income can be provided via interest payments on the underlying loans.
Since commencing in August 2022, our series of Centuria Bass first mortgage funds have delivered strong outcomes for investors. Performance3 highlights include:
Officer, Vic
Land bridge
Modelled Forecast IRR: 10.25%
LVR: Maximum LVR of 65%
Term: 12 months
Status: Closed to investment
Cessnock, NSW
Land bridge
Modelled Forecast IRR: 10.50%
LVR: Effective LVR of 53.8% based on a total look through of the Secured Properties
Term: 12 months
Status: Closed to investment
Kangaroo Point, Qld
Bridge loan
Modelled Forecast IRR: 10.50%
LVR: 47.8%
Term: 12 months
Status: Closed to investment
Parramatta, NSW
Bridge loan
Modelled Forecast IRR: 10.00%
LVR: 47%
Term: 12 months
Staus: Repaid
Fairway, NSW
Residual stock loan
Modelled Forecast IRR: 9.25%
Realised IRR: 9.64%
LVR: 65%
Term: 9 months
Status: Repaid
Leppington, NSW
Bridge loan
Modelled Forecast IRR: 10.10%
LVR: 55%
Term: 12 or 24 months
Status: Repaid
Auburn, NSW
Bridge loan
Modelled Forecast IRR: 8.25%
Realised IRR: 8.25%
LVR: 57%
Term: 12 months
Status: Repaid
Mount View Grange, NSW
Bridge loan
Modelled Forecast IRR: 9.00%
LVR: 55%
Term: 18 months
Status: Repaid
This series of funds is managed by Centuria Bass Credit, the commercial real estate lending arm of Centuria Capital Group.
Established in 2016 in Australia, Centuria Bass has $1.5b of funds under management and manage over 117 CRE debt investments.4 Centuria Bass has provided a weighted average net IRR to investors of 11.8% since inception4, due to the team’s tactical deal selection, extensive due diligence and active loan management.
New Centuria Bass first mortgage funds are offered throughout the year and open for a limited time only.
Each stand-alone fund provides different returns, terms and risk, as outlined in the Fund’s Information Memorandum. These funds have a minimum investment amount of $100k and are available exclusively to wholesale investors.
When a Centuria Bass first mortgage fund opens for investment, details can be found on our Real Estate Debt Funds page under ‘Open offers’.
View open offers
Complete the form below to be notified about future Centuria Bass first mortgage fund offers. Please note you must qualify as a wholesale investor to invest in one of our commercial real estate debt funds.
1. Subject to assumptions and risks associated with each Fund. Frequency of distributions is not guaranteed.
2. All investments carry risk. Refer to key risks associated with each Fund, which have been detailed in the Fund’s Information Memorandum.
3. As at 30 September 2023, net of fees and costs. Modelled forecast IRRs as modelled based on floating interest rate assumptions and assume the loans are repaid in full without default. The forecast and actual performance of any new Centuria Bass first mortgage fund should be assessed independently of any other funds historical performance and should be assessed based on each fund’s characteristics and risks. Past performance is not indicative of future performance.
4. As at 30 September 2023. Historical performance based on all loans managed to completion and repayment since 2016. The average return is historical past performance and is not indicative of the performance of any existing or prospective loan, fund or syndicate. Any investment into a Centuria Bass product should be assessed individually based on each investment’s characteristics and risks.