Jonathon Pullin
Head of Real Estate Credit, Partner
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Fund Overview
The Barwon First Mortgage Fund is an open-ended fund for wholesale investors. The Fund earns returns from debt facilities provided to Australian real estate secured with a registered first-ranking mortgage.
Investment Strategy
The Fund provides exposure to a portfolio of debt facilities spanning a variety of sectors and locations throughout Australia. In addition, the debt facilities are provided across a range of stages within a property’s lifecycle – from early stage site acquisition, through to completed residual stock and bridging facilities for existing commercial properties.
The property debt sector has seen significant growth in recent years and has provided stable risk-adjusted returns relative to other property sectors. Barwon’s focus on providing debt facilities to experienced property owners and developers enhances the low-risk profile of the investments.
The majority of loans are secured over existing commercial property rather than construction loans.
Key Features of the Fund
Sector growth in non-bank lending
First ranking mortgage investments
Diversified portfolio of investments
Low volatility fixed returns
Unit Price and Performance
As at 30 September 2024
| Fund Name | Unit Price | 3 Months | 6 months | 12 Months | ITD p.a. | Fund Inception |
|---|---|---|---|---|---|---|
| Fund Investments Only | 2.37% | 4.73% | 9.61% | 8.74% | ||
| Whole of Fund | $1.0763 | 2.19% | 4.41% | 8.95% | 8.21% | 17/8/20 |
Disclaimer
Investment Team
Selection of Fund Properties
Maroochydore, Queensland
- Investment Type: Post-construction – Existing Property
- Security: First Mortgage
- LVR: Mid-60%
Brisbane, Queensland
- Investment Type: Post Construction – Residual Stock
- Security: First Mortgage
- LVR: Mid-60%
Canberra, Australian Capital Territory
- Investment Type: Existing Property – Refurbishment
- Security:Â First Mortgage
- LVR: Mid-50%
Coffs Harbour, New South Wales
- Investment Type: Pre-construction Site Acquisition
- Security:Â First Mortgage
- LVR: Mid-60%
Caloundra, Queensland
- Investment Type: Pre-construction Site Acquisition
- Security: First Mortgage
- LVR: Mid-60%
News & Insights
Portfolio Manager, Jonathan Pullin, recently sat down with Laurence Parker-Brown to discuss the role of first-ranking mortgages in income generating portfolios in this Inside Network video. They converse about recent growth in the non-bank lending space, how to manage risk in real estate credit investments and the distinguishing features of the Barwon First Mortgage Fund.
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Tahn Sharpe, Managing Editor, The Inside Network Real estate credit funds have firmed as an attractive source of alternative returns in the past few years. What matters, however, and what doesn’t, for these non-bank private credit lenders, has largely been left unexplored by investors. Â Â Real estate credit funds have become the darlings of alternative […]
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Barwon Property Finance has provided funds to assist with the acquisition of a site in Coffs Harbour.
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Nina: Hi, I’m Nina Dunn and welcome to Barwon Property Finance quarterly update. We wanted to take this opportunity to give your a brief update on our flagship property finance fund, the Barwon First Mortgage Fund.
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Barwon is pleased to advise that it has made an investment secured by a first ranking mortgage over a two-storey, partially leased office and retail building that the borrower plans to refurbish and lease-up. The Property is located in Perth, Western Australia on the northern edge of the CBD. Investors are able to access […]
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Barwon Property Finance is pleased to announce that it has provided a new mezzanine debt facility for a residential development in the suburb of Broadbeach on the Gold Coast.
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Barwon Property Finance has provided another first mortgage debt facility secured over two sites in Blacktown, NSW, approximately 34km from Sydney’s CBD.
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Barwon Property Finance continues to expand its footprint across NSW providing another debt facility secured by a first mortgage over two residential lots and one larger land site in in Wisemans Ferry, NSW.
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Barwon is pleased to have provided a debt facility secured by a first mortgage over the land and existing improvements located in Mosman, just north of the Sydney Harbour Bridge.
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Barwon is pleased to have provided a debt facility secured by a first mortgage over an existing retirement living estate in Newcastle, New South Wales. The retirement estate comprises completed and occupied units, along with a beautiful golf course and is located in a historic township which is surrounded by an established community.
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Barwon continues to provide private debt funding across Australia, recently providing first mortgages for two site acquisitions in Bracken Ridge and Morayfield, Queensland.
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Barwon is pleased to have provided a debt facility secured by a first mortgage over an existing retirement living estate in Blue Mountains, New South Wales.
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