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"markdown": "NASDAQ:SUNS | INVESTOR PRESENTATION\n\n\nACTIVE PIPELINE\n\n\n# Robust Direct Origination Platform\n\nSUNS\u2019 relationship with its Manager, coupled with its focus on key growth markets in the Southern United States, continues\nto provide access to a robust and attractive investment pipeline, originated through a multi-channel network\n\n\nMultiple Origination Channels. \n\nThis diagram is a circular, radial chart illustrating various 'Sourcing Channels' used for originating deals or loans. At the center of the circle is a white hub labeled 'Sourcing Channels'. Radiating outward from this hub are seven distinct wedge-shaped segments, each representing a different channel, colored in varying shades of blue and grey, arranged clockwise: 1. 'Co-Lenders' (dark navy blue), 2. 'Owners / Operators' (medium blue), 3. 'Brokers' (bright cyan), 4. 'Private Equity Firms' (medium-dark blue), 5. 'Other Financial Institutions' (deep blue), 6. '3rd Party Databases' (dark grey), and 7. 'REITs' (light grey). The layout effectively groups these entities as contributors to the central sourcing hub.\n\n# Powerful Deal Flow Engine\n\n\n - [x] Sector and product expertise paired with local\nknowledge generates targeted inbounds\n - [x] Reputation as a credible, reliable and regionally-\nfocused partner\n - [x] Deep network of long-standing relationships\n - [x] Solution-driven flexibility and negotiating in\ngood faith solidify repeat partnerships\n\n\n\n\nThe figure is a funnel diagram titled \"TCG Real Estate Loan Pipeline\". The funnel consists of four stacked, trapezoidal segments, narrowing from top to bottom, representing the stages of the loan process. Arrows point downwards between each segment. Below the funnel, there are two rectangular boxes side-by-side.\n\n### Text Transcription\n\n**Main Title:**\nTCG Real Estate Loan Pipeline\n\n**Funnel Stages (Top to Bottom):**\n1. **Top Segment (Darkest):** ~ $89bn CRE Deals Sourced\u00b9 (Right side label: Sourcing)\n2. **Second Segment:** $997mm Closed Deals\u00b2 (Right side label: Closed since Inception)\n3. **Third Segment:** $380mm Current SUNS Commitments\u00b3 (Right side label: Loan Commitments in Portfolio)\n4. **Bottom Segment (Lightest):** $292mm SUNS Loans Funded\u2074 (Right side label: Loans Funded in Portfolio)\n\n**Bottom Boxes:**\n- **Left Box:** ~ $707mm Currently in Active Pipeline\u2075\n- **Right Box:** ~ 1.4% Deal Selectivity Since Inception\u2076\n\nSUNRISE [SUNRISE LOGO]\nREALTY TRUST\n\n\nNote: All data is provided as of 5/8/2026 and refers to CRE loans across the TCG Real Estate platform, in each case unless otherwise specified.\n1. Comprising all deals sourced since 10/1/2023 by members of SUNS investment team on behalf of SUNS or on behalf of an entity managed by a manager affiliated with SUNS sponsor.\n2. Represents full loan amounts on loans closed since 10/1/2023, including loans held by SUNS and through one or more co-investment vehicles managed by a manager affiliated with SUNS Manager.\n3. Represents current SUNS loan commitments on loans closed since 10/1/2023, excluding the owned asset in San Antonio, Texas.\n4. Represents current SUNS loans funded on loans closed since 10/1/2023, excluding the owned asset in San Antonio, Texas.\n5. Represents projects for which SUNS and its affiliates are in varying negotiation stages and for which due diligence has not been completed. As such, there can be no assurance that we will proceed with any of\nthese potential investments. A component of these loans may be held through co-investment vehicles managed by a manager affiliated with SUNS Manager.\n6. Deal selectivity represents the total number of closed loans since inception divided by the aggregate count of all deals sourced since 10/1/2023 by members of SUNS' investment team on behalf of SUNS or on\nbehalf of an entity managed by a manager affiliated with SUNS' sponsor.\n\n\n11\n\n",
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