
Global investment bank UBS has committed an additional $100 million in senior secured financing to Australian real estate lender Centuria Bass Credit, doubling its investment from July 2024.
The new commitment has increased Centuria Bass’ debt warehouse facility to $285 million, with the balance funded by private wholesale investors.
Centuria Bass Joint CEO Giles Borten said the expanded facility would support middle-market real estate finance.
“UBS’ commitment enables us to significantly scale our ability to service the domestic middle-market real estate finance sector with first mortgage bridging finance and residual stock loans,” Borten said.
The company reported its assets under management had reached $2.3 billion by December 2024, representing a 45 per cent increase over the previous year.
Centuria Joint CEO Jason Huljich said the funding would help service property developers and investors.
The funding expansion follows Centuria’s move to increase its stake in Centuria Bass to 80 per cent in April 2024, up from its initial 50 per cent investment made in mid-2021.
Centuria Bass, established in 2016, provides various real estate finance products to developers, investors and companies across Australia.