Overview
Finbase Mortgage Program is a private credit fund managed by Finbase, based in Auckland. The fund focuses on first mortgage secured lending against New Zealand commercial and residential property. It is structured as an evergreen, open-ended vehicle and is available to wholesale investors only.
Fund Overview
First mortgage secured lending on NZ commercial and residential property
Asset Class
Private Credit
Structure
PIE Fund
Investment Opportunities (2)
Finbase PIE Fund
Diversified portfolio of first ranking mortgages across NZ real estate with Public Trust as trustee
Finbase Direct Lending Opportunities
Select individual first mortgage lending opportunities sent via email. Choose specific properties to fund across New Zealand with detailed security valuations and exit strategies. Each loan is independently assessed with LVRs typically between 40-65% on residential and rural properties.
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Quick Info
This information is for wholesale investors only and does not constitute financial advice. All investments carry risk. Please seek professional advice before making investment decisions.
Frequently Asked Questions
What is Finbase Mortgage Program?
First mortgage secured lending on NZ commercial and residential property
Who manages Finbase Mortgage Program?
Finbase Mortgage Program is managed by Finbase (FSPR FSP1003560, NZBN 9429052042393) based in Auckland. Manager registration on the Financial Service Providers Register is a legal requirement under the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and does not itself constitute an endorsement.
What asset class is Finbase Mortgage Program?
Finbase Mortgage Program is classified as Private Credit on Wholesale Investor NZ. Asset-class classification reflects the fund's stated investment focus per its Information Memorandum and is provided for navigation purposes only — review the IM for the full strategy and risk profile.
Is Finbase Mortgage Program evergreen or a closed-end fund?
Finbase Mortgage Program is an evergreen fund — it is permanently open for subscription rather than running on fixed vintages. New investors can typically apply at any time subject to capacity, manager discretion, and the fund's stated subscription windows. Redemption terms are set in the Information Memorandum and vary by fund.
What is the minimum investment in Finbase Mortgage Program?
Minimum investments across Finbase Mortgage Program's currently listed offers range from NZ$100K. Minimums are set per offer and may change for new vintages — confirm the current minimum in the relevant Information Memorandum before subscribing.
Is Finbase Mortgage Program wholesale-only?
Yes — Finbase Mortgage Program is offered on a wholesale-only basis under Schedule 1 of the Financial Markets Conduct Act 2013. Subscription requires self-certification under one of the seven Schedule 1 pathways (typically the NZ$5M net-assets "large person" pathway or an accountant- or lawyer-signed eligible-investor certificate per Clauses 38-40). Wholesale-only funds do not publish a retail Product Disclosure Statement and do not appear on the Disclose Register.
Is Finbase Mortgage Program a PIE fund?
Finbase Mortgage Program is structured as a Portfolio Investment Entity (PIE). PIE distributions are tax-paid at the investor's Prescribed Investor Rate (PIR), capped at 28% per Inland Revenue's PIE rules. PIRs are 10.5%, 17.5%, or 28% depending on the investor's prior-year taxable income. The PIE structure is generally favourable for investors whose marginal tax rate is above 28% (currently above NZ$78,100 of taxable income).
When was Finbase Mortgage Program launched?
Finbase Mortgage Program was launched in 2015. Operational tenure is one input to evaluating manager track record but does not itself indicate likely future performance — past performance is not a reliable indicator of future returns per FMA fair-dealing guidance. Request audited financial statements covering the full operating period before subscribing.
Where can I read the IM or PDS for Finbase Mortgage Program?
Finbase Mortgage Program is a wholesale-only fund and the manager does not publish a retail-accessible Information Memorandum on Wholesale Investor NZ. Wholesale-only funds typically share the IM directly with prospective investors after a Schedule 1 self-certification under the Financial Markets Conduct Act 2013. Contact the manager to request the IM and the certification process.