Residential Mortgage Banking Overview

SBC Product Offerings GROUND-UP HEAVY TRANSITIONAL PRODUCT CONSTRUCTION LOAN PURPOSE Construction Predevelopment Renovation Acquisition LOAN SIZE $15-75MM MAX LEVERAGE TERM BRIDGE LIGHT TRANSITIONAL BRIDGE-TO-PERM STABILIZING STABILIZED BRIDGE-TO- AGENCY STRUCTURED FIXED CMBS DIRECT RATE CORRESPONDENT AGENCY READY CAPITAL. FREDDIE MAC SBL Adaptive Re-Use Vacant Rehabilitation Renovation Value Add Renovation Rent Optimization Lease Up Event Driven Final Lease Up Seasoning Cash Out Term Refinance Bridge to Near Term Refinance Lease Expiration Prepay Flexibility Mid-Term Refinance Interest Rate Arbitrage Bridge Refinance Permanent Acquisition/Recapitalization $5-75MM $75MM+Portfolios 52-75MM $75MM+ Portfolios $1-100MM 80% Loan-ba-Cost Typically, 2-3 Years Plus Extensions PREPAYMENT Spread maintenance; last 6 months open SOFR + Spread RATE TYPE $2-45MM $1-100MM 80% Loan-to-value $1-$7.5MM AFFORDABLE HOUSING AFFORDABLE HOUSING Construction to Perm Private Loan Financing for Eventual LIHTC Takeout $5MM+ 90% Loan-to-value Up to 3 Years Plus, Extensions Up to 2 Years Plus, Extensions 2-10 Years 5,7,10 Years Up to 30 Years 5,7,10 Years Hybrid: 20 Years Typically, 7+ Years Minimum Interest Floating Rate Hybrid Floating Rate Hybrid Customized Declining Yield Maintenance Defeasance Yield Maintenance Declining Yield Maintenance PROPERTY TYPE Multifamily Build-to-Rent Future availability to be Multifamily, Industrial, Office, Self-Storage, Essential Retail Multifamily All Property Types announced Fixed Rate Floating Rate Fixed Rate Floating Rate Hybrid Multifamily Defeasance Yield Maintenance Floating Rate Fixed Rate Multifamily Affordable 11

View entire presentation