Centuria Bass Credit Market Research Report

Company Overview

• Name: Centuria Bass Credit

• Mission: To be the most respected mid-market financier, providing pivotal solutions to our investors and clients alike.

• Founded: April 2021

• Founders: Centuria Bass Credit is a joint venture between Bass Capital Partners and Centuria Capital Group.

• Key People:

• Nick Goh, CEO

• Giles Borten, CEO

• Yehuda Gottlieb, Managing Director (Melbourne)

• Charlie Robertson, Managing Director, Head of Origination

• Lachlan Tracey, Managing Director, Head of Capital Markets

• Simon Blakers, Managing Director, CFO/COO

• Headquarters: Sydney, Australia

• Other Offices: Melbourne, Adelaide

• Number of Employees: Information not available.

• Revenue: Information not available.

• Known For: Providing real estate funding solutions to mid-sized companies, entrepreneurs, property developers, and investors.

Products

• Products Offered:

• Real Estate Funding Solutions

• Alternative Asset Management

• Product Description:

• The company specializes in funding solutions for real estate, tailored to mid-market clients.

• Key Features:

• Funds under Management: $1.9 billion as of 30 June 2024.

• Number of Facilities since Inception: 137

• Return to investors since inception: 12.22%

• 100% Principal Interest Return to Investors

Recent Developments

• Mortgage Fund of the Year Award: In September 2024, Centuria Bass Credit won the prestigious Mortgage Fund of the Year award for the Centuria Bass Credit Fund (CBCF).

• New Partnerships:

• Established a new $150 million debt warehouse facility, including $100 million senior financing from UBS.

• New Projects:

• Funded projects exceeding $225 million across 5 locations in Melbourne, delivering over 600 dwellings.

• Supported a $65 million boutique development in Sydney's Eastern Suburbs by structuring a 67.5% LVR facility.

• Refinanced $60 million development portfolio in Sydney’s Northwest, facilitating a staged development strategy for sites in Baulkham Hills and Rouse Hill.

• New Features/Services:

• Development of an integrated portfolio approach to fund residential projects that respond to housing supply stress in key regions.

Summary

Centuria Bass Credit establishes itself as a major player in the mid-market segment of real estate funding solutions, underpinned by strong leadership and strategic partnerships. The company’s awarded fund management capabilities and recent high-profile projects underscore their strategic growth in Australia and signify their commitment to facilitating significant residential developments nationwide. The firm’s performance, highlighted by impressive returns and a $1.9 billion funds under management portfolio, positions Centuria Bass Credit as a formidable entity within the financial and real estate sectors.