Investor Presentaiton

Select Case Studies (cont'd)* 826 Investment Loan Type Investment Date Collateral Location Committed Amount Coupon Stabilized LTV Investment rationale Boston Industrial Floating-Rate Senior Loan 03/2022 586,590 SF Industrial Property Leominster, MA $50 million S + 3.25% 60.8% Acquisition with ability to renew anchor tenant or lease to new tenants at higher rental rates. Birmingham Multifamily Floating-Rate Senior Loan 05/2021 408 Unit Garden Style Multifamily Property Hoover, AL $39 million S + 3.33% 64.8% Acquisition with business plan to renovate unit interiors, exteriors and amenities and increase rents to market levels. Atlanta Office Floating-Rate Senior Loan 08/2019 114,370 SF Medical Office Building Atlanta, GA $48 million S + 3.76% 68.3% Refinancing of a newly constructed, well-located Class 'A' medical office building with opportunity to lease up and stabilize the property. *For illustrative purposes only. 24

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