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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.

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.

Why invest in Centuria Bass first mortgage funds?

  • Income – offers competitive forecast returns (paid monthly).1
  • Short dated – fund terms are typically between 9-18 months which means capital is not tied up for long periods of time.
  • Capital protection – investing in first mortgages helps protect investors’ capital as these loans have highest ranking priority for repayment and are secured by real assets2.
  • Diversification – low correlation with traditional asset classes such as the share market and other equity investments.
  • Inflation hedge – floating rate structures provide a natural hedge against inflation as income rises when interest rates rise.

Strong performance track record

Since commencing in August 2022, our series of Centuria Bass first mortgage funds have delivered strong outcomes for investors. Performance3 highlights include:

  • All funds have successfully met, or exceeded, the initial forecast returns.
  • No loss of principal or interest across any funds.
  • Two funds within the series have fully repaid to investors within the initial investment term or earlier.
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Centuria Bass First Mortgage Fund No.1

Mount View Grange, NSW
Bridge loan

Modelled Forecast IRR: 9.00%
LVR: 55%
Term: 18 months
Status: Closed to investment

CBFM2

Centuria Bass First Mortgage Fund No.2

Auburn, NSW
Bridge loan

Modelled Forecast IRR: 8.25%
Realised IRR: 8.25%
LVR: 57%
Term: 12 months
Status: Repaid

CBFM3-web-image_repaid-1

Centuria Bass First Mortgage Fund No.3

Leppington, NSW
Bridge loan

Modelled Forecast IRR: 10.10%
LVR: 55%
Term: 12 or 24 months
Status: Closed to investment

CBFM4

Centuria Bass First Mortgage Fund No.4

Fairway, NSW
Residual stock loan

Modelled Forecast IRR: 9.25%
Realised IRR: 9.64%
LVR: 65%
Term: 9 months
Status: Repaid

CBFMF5_website-thumbnail_Repaid

Centuria Bass First Mortgage Fund No.5

Parramatta, NSW
Bridge loan

Modelled Forecast IRR: 10.00%
LVR: 47%
Term: 12 months
Staus: Repaid

CBFM6

Centuria Bass First Mortgage Fund No.6

Kangaroo Point, Qld
Bridge loan

Modelled Forecast IRR: 10.50%
LVR: 47.8%
Term: 12 months
Status: Closed to investment

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Centuria Bass First Mortgage Fund No.8

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

CBFM9_580x409

Centuria Bass First Mortgage Fund No.9

Officer, Vic
Land bridge

Modelled Forecast IRR: 10.25%
LVR: Maximum LVR of 65%
Term: 12 months
Status: Closed to investment

About the manager

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.

 


How to invest

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

 

Subscribe to be notified of our next offer

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.