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Commercial Lending Portfolio

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## Q2 Activity

*   Portfolio reaches a **record $17.3B**
*   **$1.4B** originations (**$754M** funded)
*   **$250M** follow on fundings
*   **$447M** repayments
*   Sold **two** units in a previously foreclosed asset for **$12M**

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<::
chart: Loan Risk Rating

Donut chart showing Weighted Average (W.A.) Risk Rating and loan distribution by value and number of loans.

Center of the donut chart:
2.9 (1)
W.A. Risk Rating *

Segments (clockwise from top right):
- $4.8B: Corresponds to Risk Rating 2 (38 loans)
- $9.5B: Corresponds to Risk Rating 3 (96 loans)
- $2.0B: Corresponds to Risk Rating 4 (16 loans)
- $0.8B: Corresponds to Risk Rating 5 (5 loans)
- $0.2B: Corresponds to "Not Rated" (Investment Securities)
- A very small segment: Corresponds to Risk Rating 1 (1 loan)

Footnote:
* 2.9 in prior quarter
::>

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NOTE: See the Ratings Criteria section included in the Appendix

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STARWOOD PROPERTY TRUST

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12

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<:: $17.3B Total Portfolio : metric display::>