Investor Presentaiton

Property Type(1) Investment Portfolio Diversification PORTFOLIO DIVERSIFICATION IS A KEY TENET OF OUR INVESTMENT AND RISK MANAGEMENT STRATEGY At IPO Total Portfolio: $1.8 billion Average Loan Balance: ~$42.8 million Senior Loans: 89.6% Midwest, 6.1%. December 31, 2019 Total Portfolio: $5.0 billion Average Loan Balance: ~$35.1 million Senior Loans: 98.7% September 30, 2023 Total Portfolio: $3.1 billion* Average Loan Balance: ~$37.9 million Senior Loans: 99.6% Region Southeast, 15.7% Northeast, 28.5% West, 12.5% Southeast, 18.7% Northeast, 37.6% Midwest, 16.8% Midwest, 15.9% Northeast, 26.6% Southwest, 18.8% West, 19.8% Hotel, Industrial, 6.9% 9.3% Retail, 15.9% Office, 50.8% Multifamily, 17.1% West, 17.3% Southwest, 21.7% Southwest, 21.0% Southeast, 24.0% Industrial, 7.3% Other, 0.9% Industrial, 4.1% Other, 3.2% Retail, 9.4% Hotel, 6.6%. * Includes maximum loan commitments. Outstanding principal balance of $2.9 billion. Hotel, 15.0% Office, 42.5% Multifamily, 24.9% Retail, 9.9% Office, 43.7% Multifamily, 32.5% 20 20

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