1. Expected IRR of 9.50% based on a fixed rate of return (net of all fees and costs before tax). Distributions are expected to be monthly but is not guaranteed. This is a target return only and not to be considered a guaranteed return or frequency of distributions to investors. This forecast is subject to the assumptions and risks set out in the Information Memorandum for this product and is not guaranteed. Tax is not paid on distributions and distributions are taxable in the hands of the investor. Investors should seek their own professional advice as to the financial, taxation and other implications of investing in the Fund.
2. The Senior LVR based solely on the first ranking mortgage over the Secured Property is 67.0% comprising of approximately 184 titled residential land lots and 14 residue lots, but this could be less if any further lots are sold before the Unit Allotment Date. The Senior LVR covenant at the Loan Inception Date was 67.5% based on an initial number of 189 titled residential land lots and 14 residue lots at the Loan Inception Date. The total Loan Facility is $149.7 million which comprises of both a Senior and Mezzanine tranche equating to an LVR of 73.8%. The Mezzanine tranche does not form part of the Offer. Please refer to the Information Memorandum for further details.
3. The expected loan term is 16 months, two additional months before the maturity of the Units. The 18-month Fund term is intended to facilitate any refinancing or settlement of final proceeds.
4. There is a risk that, should at some point in the future the personal guarantee need to be enforced, the guarantor may not have the assets to enforce the guarantees against.
5. The Senior Loan facility is structured with two investor tranches, an Amortising Tranche and a CBFM Tranche, based on strong feedback from Centuria investors. The CBFM tranche is funded through this offer. The Amortising Tranche receives ongoing repayments as land lots are sold in the project and the CBFM Tranche will start being repaid after the Amortising Tranche is repaid in full, whilst benefiting from an improving LVR cover as the Amortising Tranche is repaid. Whilst this payment schedule has been designed to meet the requirements of our Investors, both loans rank equally for repayment in the event of default or any enforcement of security. Please refer to the Information Memorandum for full details.
6. The valuation report was prepared by Cushman & Wakefield – dated 12 December 2025 (Valuation Report). The $232.2 million ‘as if complete’ valuation relates to 189 titled residential land lots and 14 residue lots. Please refer to the Information Memorandum for further details.
7. Cotality – Suburb Statistics Report Rouse Hill NSW prepared on 9 January 2026.
8. AFR – Sydney land values have jumped. Here’s how your suburb ranked (25 November 2025).
9. While the Loan Facility is expected to amortise, there is an Amortising Tranche that will have their principal paid ahead of the Fund Investors. Please refer to the Information Memorandum for full details.
Disclaimer: This document has been prepared by Centuria Bass Financial Services Ltd ACN 617 409 588 AFSL 499339 (Trustee), the trustee of the Centuria Bass First Mortgage Fund No. 14 (Fund) and Bass Securities Pty Ltd ACN 624 793 102 (Manager), the Manager of the Fund to provide general information relating to the Fund. The Manager is a corporate authorised representative of the Trustee. Units in the Fund are only available for subscription by wholesale clients within the meaning of section 761G of the Corporations Act 2001 (Cth) (Wholesale Client). By receiving this document, you represent that you are a Wholesale Client. This document is not provided to any person located in a jurisdiction where its provision or dissemination would be unlawful. This document provides a high-level summary of information relating to the Fund only and should be considered in conjunction with, the Information Memorandum and other constituent documents of the Fund. You should not treat the contents of this document as advice relating to legal, taxation or investment matters. In preparing this document, the Trustee and Manager have not considered your objectives, financial position or needs. Before making any decision, we recommend you consult a qualified financial professional to take into account your particular investment objectives, financial situation and needs. Every effort has been made to ensure that the information provided is accurate. Information can change without notice and the Trustee and Manager do not give any warranty as to the accuracy, reliability or completeness of information within this document. To the maximum extent permitted by law, the Trustee, the Manager and their respective officers, employees and agents exclude and disclaim all liability for any losses, damages or costs incurred by you as a result of any investment on the basis of this document, including for the inaccuracy or incompleteness of any statements (including forward-looking statements), opinions or information in this document. This document is not an offer for, and should not be taken to constitute, an offer to invest in the Fund. There are risks in investing in the Fund, which includes the risk that part or all of your investment may be lost. The information contained in this document is confidential and is provided for the exclusive use of the recipient to whom this copy has been issued and may not be copied or distributed except to the recipient’s professional advisers (who must be informed of its confidentiality).
