Centuria Bass Credit Fund

Open ended property mortgage fund with a targeted return of 6%-10% p.a.

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Core Property has reviewed the Centuria Bass Credit Fund, an open-ended unlisted fund that invests in a portfolio of property-backed loans, secured by first and second ranked mortgages.

The Fund is managed by Bass Securities, in a joint venture which combines the credit lending expertise of Bass Capital with the real estate expertise of Centuria Capital Limited (ASX: CNI), an ASX-listed fund manager with $16.4B of funds under management.

The Fund operates by pooling together investors’ funds, which are used to provide loans to commercial borrowers.

  • The Fund has a targeted return IRR of 6% - 10% p.a., with the Manager expecting 8.0% p.a. in the first 12 months.
  • The Manager has a conservative approach to risk, with a portfolio predominantly focused on first ranked mortgages.
  • The Manager was established in 2016 and has a strong track record of maintaining 100% preservation of investor’s capital on all loans to date.

Core Property has rated the Fund as RECOMMENDED.

The Fund is open to Wholesale only, with a minimum investment of $100,000.

Core Property Rating - Recommended

Fund Status - Open

This publication is not and should not be construed as, personal financial product advice, 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 (general financial product advice) only. Read more here.