Investor Presentaiton

Time-Tested Investment Process & Portfolio Management BENEFITS FROM MORE THAN 25 YEARS OF EXPERIENCE & EXPERTISE PORTFOLIO MANAGEMENT INVESTMENT PROCESS ORIGINATIONS ■Leads and initial screening ■ Process takes approximately 2 weeks to 3 or more months ADMINISTRATION INVESTMENT & CREDIT ANALYSIS ■ Initial screening performed ■ Diligence process and detailed credit memorandum (2-4 weeks) New borrowers analyzed weekly by senior investment team MONITORING INVESTMENT COMMITTEE ■ Transaction presented to Investment Committee for approval ■ Unanimous approval is required CREDIT WATCH LIST LEGAL ■ Transaction negotiations and legal diligence/review ■ Status discussed weekly with senior team 2-5 weeks, in parallel with diligence process Day-to-day servicing ■ Coordinates funding requests ■ Tracks / verifies borrower assets and collateral ■ Tracks financial performance, compliance and risk rating ■Reviews all borrower updates ■ Status / issues discussed weekly with senior team ■ Deteriorating borrowers posted to "Credit Watch List" Actively works to maintain an open dialogue to limit the likelihood of a default WORK-OUT & RESTRUCTURING ■ Decision to restructure, settle, request early pay- off or wait for an external event ■Sells collateral with the help of management, repossesses and auctions assets 20 20

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