Flexibility, relationship focus, structuring expertise, certainty of close, and creativity differentiate our platform $33MM Mezzanine Loan $18MM Mezzanine Loan $20MM Mezzanine Loan Location Northeast Construction Purpose Multifamily Condo Property Type Mezzanine, full recourse Loan Type 30 mo. with 2 extensions Term Leverage 68% LTC $13MM Mezzanine Loan Location Southeast Purpose Construction Property Type Multifamily Apartments Loan Type Mezzanine, full recourse Term 48 mo. with 1 extension Leverage 80% LTC $19MM Stretch Senior Loan Location West Coast Acquisition and Refinance Purpose RV Park Property Type Senior, full recourse Loan Type 24 mo. with 1 extension Term 98% LTC Leverage $17MM Debt-Like Pref Location Northeast Construction Purpose Property Type Multifamily Mixed-Use Loan Type Debt-like pref equity, partial recourse 24 mo. with 1 extension Term 75% LTC with land lift Leverage $20MM Mezzanine Loan Location Pacific Northwest Construction Purpose Multifamily Mixed-Use Property Type Mezzanine, full recourse Loan Type 32 mo. with 3 extensions Term 86% LTC Leverage $30MM Stretch Senior Loan Location West Coast Construction Purpose RV Park Property Type Senior, full recourse Loan Type 24 mo. with 1 extension Term 77% LTC Leverage $34MM Stretch Senior Loan Location Pacific Northwest Construction Purpose Multifamily Apartments Property Type Senior, full recourse Loan Type 24 mo. with 2 extensions Term 83% LTC Leverage $10MM Mezzanine Loan Location West Coast Construction Purpose Multifamily Mixed-Use Property Type Mezzanine, full recourse Loan Type 30 mo. with 1 extension Term 79% LTC Leverage $19MM Stretch Senior Loan Location Pacific Northwest Construction Purpose Multifamily Apartments Property Type Senior, full recourse Loan Type 18 mo. with 1 extension Term 79% LTC Leverage $6MM Mezzanine Loan Location West Coast Construction Completion Purpose Multifamily Mixed-Use Property Type Mezzanine, full recourse Loan Type 18 mo. with 2 extensions Term 84% LTC Leverage $6MM Mezzanine Loan Location Midwest Cash Out Refinance Purpose Multifamily Apartments Property Type Mezzanine, full recourse Loan Type 24 mo. with 2 extensions Term 75% LTV Leverage $5MM Pref Equity Location Mid-Atlantic Pre-Development Land Purpose Multifamily Mixed-Use Property Type Loan Type Debt-like pref equity, full recourse Term 24 mo. with 2 extensions Leverage 75% LTC Location Pacific Northwest Construction Purpose Multifamily Apartments Property Type Mezzanine, full recourse Loan Type 26 mo. with 2 extensions Term Leverage 89% LTC Location Southwest Construction Purpose Multifamily Apartments Property Type Mezzanine, partial recourse Loan Type 30 mo. with 3 extensions Term Leverage 53% LTC