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The private property lender has welcomed a new hire with 20 years’ experience in real estate finance.
Non-bank mortgage funder Centuria Bass has appointed David Stone as managing director of origination.
Stone brings a wealth of experience across mid-market property lending and will begin in the position from 28 April.
In the Sydney-based role, he will be responsible for loan origination across Centuria Bass’ operations and will report to deputy CEO David Giffin, who joined the company in January.
Having held senior positions within real estate divisions at the Commonwealth Bank of Australia, St.George, and ING, Stone has around 20 years of experience in real estate finance and has managed portfolios of up to $1 billion.
He has also held executive positions with boutique private lenders. Most recently, he was head of capital at real estate development and construction group, Bathla.
Giffin welcomed Stone to the company: “We are proud to welcome David to the Centuria Bass fold as the company continues to expand its market share within the private real estate lending sector.
“David’s mid-market background marries well with the growing need for finance in this sector, especially among developers who face burgeoning demand for new homes and real estate infrastructure.”
Centuria Bass is an investor and alternative asset manager, specialising in providing real estate funding services to assist mid-sized companies, property developers, and investors.
The company in its current form was created as the result of a joint venture between Bass Capital Partners and Centuria Capital Group in April 2021. It was originally founded in 2016.
The business, which holds around $2.3 billion in funds under management, typically focuses on financing ranging from $5–$100 million in value.
Examples of Centuria’s financing include construction finance, bridge loans to support acquisitions and refinancings, and funding for real estate assets.
Centuria Bass works directly with mortgage brokers.
In January, Centuria announced that it had expanded its debt warehouse facility with an additional $100 million senior secured commitment from the Australian arm of investment bank UBS.
UBS’ additional $100 million financing doubled its financial commitment to Centuria Bass, after initially committing $100 million in July 2024.
[Related: Wallabies rugby legend named deputy CEO at non-bank lender]
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