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.