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   "markdown": "<a id='1a496962-f5f0-4eb6-8b25-797f7854900f'></a>\n\nACTIVE PIPELINE",
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   "markdown": "<a id='ba5aefb1-01a6-4395-874a-e7501ab18da9'></a>\n\n# Robust Direct Origination Platform\n\nSUNS' relationship with its Manager, coupled with its focus on key growth markets in the Southern United States, continues to provide access to a robust and attractive investment pipeline, originated through a multi-channel network",
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   "markdown": "<a id='a2379901-b6d1-4531-8f20-6409614857ce'></a>\n\nMultiple Origination Channels\n<::donut chart\n: Center: Sourcing Channels\nSegments (clockwise from top right):\n- Co-Lenders\n- Owners / Operators\n- Brokers\n- Private Equity Firms\n- Other Financial Institutions\n- 3rd Party Databases\n- REITs::>\n",
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   "markdown": "<a id='77a5b17a-08a9-4e77-87d4-e089ab3c0f7a'></a>\n\n## Powerful Deal Flow Engine\n* Sector and product expertise paired with local knowledge generates targeted inbounds\n* Reputation as a credible, reliable and regionally-focused partner\n* Deep network of long-standing relationships\n* Solution-driven flexibility and negotiating in good faith solidify repeat partnerships",
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   "markdown": "<a id='68774846-a882-4fad-a5cd-88fd81fa9fe2'></a>\n\n<::logo: Sunrise Realty Trust\nSUNRISE\nREALTY TRUST\nThe logo features the word \"SUNRISE\" in large, dark blue serif font with a golden sunburst graphic above the \"I\", and \"REALTY TRUST\" in smaller, lighter orange serif font below with a horizontal line separating the two lines of text.::>",
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   "markdown": "<a id='e747db79-f107-43ce-859d-fd8d52985e64'></a>\n\nNote: All data is provided as of 8/3/2026 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 principal balance 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 these 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 behalf of an entity managed by a manager affiliated with SUNS' sponsor.",
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   "markdown": "<a id='336178af-14bf-459b-8ade-da8be845fde8'></a>\n\n11",
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 "markdown": "<a id='10e931de-aaa1-47c3-a7d5-e398ef5b6de7'></a>\n\nNASDAQ:SUNS | INVESTOR PRESENTATION\n\n<a id='1a496962-f5f0-4eb6-8b25-797f7854900f'></a>\n\nACTIVE PIPELINE\n\n<a id='ba5aefb1-01a6-4395-874a-e7501ab18da9'></a>\n\n# Robust Direct Origination Platform\n\nSUNS' relationship with its Manager, coupled with its focus on key growth markets in the Southern United States, continues to provide access to a robust and attractive investment pipeline, originated through a multi-channel network\n\n<a id='a2379901-b6d1-4531-8f20-6409614857ce'></a>\n\nMultiple Origination Channels\n<::donut chart\n: Center: Sourcing Channels\nSegments (clockwise from top right):\n- Co-Lenders\n- Owners / Operators\n- Brokers\n- Private Equity Firms\n- Other Financial Institutions\n- 3rd Party Databases\n- REITs::>\n\n\n<a id='77a5b17a-08a9-4e77-87d4-e089ab3c0f7a'></a>\n\n## Powerful Deal Flow Engine\n* Sector and product expertise paired with local knowledge generates targeted inbounds\n* Reputation as a credible, reliable and regionally-focused partner\n* Deep network of long-standing relationships\n* Solution-driven flexibility and negotiating in good faith solidify repeat partnerships\n\n<a id='7e617ba4-bf84-4b9c-ad66-94473aed8799'></a>\n\nTCG Real Estate Loan Pipeline\n<::funnel chart:\n- Sourcing: ~$95bn CRE Deals Sourced\u00b9\n- Closed since Inception: $997mm Closed Deals\u00b2\n- Loan Commitments in Portfolio: $315mm Current SUNS Commitments\u00b3\n- Loans Principal Balance in Portfolio: $249mm SUNS Principal Balance\u2074\n\nAdditional data:\n- ~$1.0bn Currently in Active Pipeline\u2075\n- ~1.3% Deal Selectivity Since Inception\u2076\n: chart::>\n\n\n<a id='68774846-a882-4fad-a5cd-88fd81fa9fe2'></a>\n\n<::logo: Sunrise Realty Trust\nSUNRISE\nREALTY TRUST\nThe logo features the word \"SUNRISE\" in large, dark blue serif font with a golden sunburst graphic above the \"I\", and \"REALTY TRUST\" in smaller, lighter orange serif font below with a horizontal line separating the two lines of text.::>\n\n<a id='e747db79-f107-43ce-859d-fd8d52985e64'></a>\n\nNote: All data is provided as of 8/3/2026 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 principal balance 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 these 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 behalf of an entity managed by a manager affiliated with SUNS' sponsor.\n\n<a id='336178af-14bf-459b-8ade-da8be845fde8'></a>\n\n11\n\n<a id='2b048a79-fc60-4aae-bb18-efa560a89322'></a>\n\nA TCG Company",
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