Financial Capacity $ millions <::waterfall chart and summary table::> Waterfall Chart: Y-axis: $ millions (from 0 to 1,800) Bars (from left to right): 1. Cash & equivalents: $228 (green bar, from 0 to 228) 2. Approved and undrawn credit capacity: $970 (green bar, from 228 to 1,198) 3. Current liquidity: $1,198 (blue bar, from 0 to 1,198) 4. 90-day expected loan repayments, sales and securitizations: $552 (green bar, from 1,198 to 1,750) 5. 90-day expected future fundings: $(144) (red bar, from 1,750 to 1,606) 6. Working capital: $(225) (red bar, from 1,606 to 1,381) 7. Total available capital: $1,381 (blue bar, from 0 to 1,381) Summary Table: Total Available Capital: $1,381 + Available On-BS Financing (13): $9,993 Total Potential Liquidity: $11,374 ::> **NOTE:** As of July 31, 2026 STARWOOD PROPERTY TRUST 32