MONTICELLOAM, LLC (“MONTICELLOAM” or the “Firm”), a Delaware limited liability company, was formed in September 2014. Alan Litt, Jonathan Litt, and Thomas Lally are the founding Principals of the Firm. Thomas Lally owns 35% of MONTICELLOAM, indirectly through BMJ Saltaire, LLC, and Alan and Jonathan Litt (together with Mr. Lally, the “Principals”) each directly own 32.5% of the Firm. MONTICELLOAM is an investment management firm that provides advisory services to a number of privately offered pooled investment vehicles that provide or participate in short-term, long-term and working capital loans generally to skilled nursing facilities, assisted living facilities, affordable housing facilities, multifamily properties, and other real estate, and other projects (each, individually, a “Fund” or “Advisory Client,” and together the “Funds” or “Advisory Clients”). The Firm also performs active, hands-on servicing for each of its loans through a joint venture. The Firm’s other business line not related to investment management is a special servicing platform that offers restructuring services specifically designed for the seniors housing industry. Each Advisory Client’s investment objective is to provide an opportunity for current distribution and strong overall risk-adjusted returns through the origination and holding of, or acquiring a participation interest in, short-term, long-term, mezzanine, construction, and/or working capital loans. MONTICELLOAM focuses on private commercial financing opportunities including, but not limited to, multifamily, assisted-living, independent living, supportive living and skilled nursing home properties, and sectors of the commercial real estate market that, in MONTICELLOAM’s view, have strong long-term demand and demographic drivers, can benefit from specialized knowledge and experience to value the underlying properties, can provide government guarantees, and are expected to produce stable cash flows. Based upon the strategy disclosed in its respective governing documents or advisory agreement as applicable, each Advisory Client will provide short-term, long-term, mortgage, mezzanine, second lien and/or working capital loans generally to skilled nursing facilities, assisted living facilities, affordable housing facilities, multifamily properties and other real estate, and other projects throughout the United States for the purpose of acquisition financing, improvements and/or refinancing of existing debt. Within some of these loans, the Firm will offer cash-out refinancing, where the borrower replaces their

current mortgage with a larger loan and receives the difference in cash. Certain of the short-term loans, the bridge loans, are expected to be repaid/refinanced with permanent financing within two to three years (“Bridge Lending or “Bridge Loans”), although it may take a longer or shorter amount of time for any particular Bridge Loan. Bridge Loans are generally expected to bear interest at rates floating over an index and may either be secured by a mortgage or in the form of mezzanine financing secured by a pledge of a membership interest (“Mezzanine Financing”) as further described herein. Working capital loans also are expected to bear interest rates floating over an index and are secured by a borrower’s accounts receivable and cash. Second lien mortgage loans take the form of a subordinated loan secured by a second lien mortgage on the real property or leaseholds of the borrower’s facilities. Longer-term financing is generally expected to be secured by a mortgage with an expected duration of up to 10 years and bear interest at fixed rates (“Mini-Perm Loans” or “Perm Loans”). Each such Bridge Loan, Mini-Perm Loan, Mezz Loan, and Perm Loan will typically be underwritten by reviewing the borrower, the real estate or other collateral assets, the capital structure of the transaction, project government support, the local real estate market, local/state health care market (if applicable), regulations affecting the asset, financing exit scenarios, and the macro-economic environment, focusing on the exit strategy of permanent financing. Additionally, a Fund may provide, or acquire a participation in, (i) longer term loans, financing, or working capital loans for specified purposes to owners or operators of real estate assets and to the facilities to which an Advisory Client has previously provided a loan and (ii) other loans. The Firm’s investment management and advisory services to each Advisory Client are provided pursuant to the terms of their respective offering memoranda and investment management agreements. The applicable Fund, its general partner, or its managing member has entered into side letters with investors in the Funds to provide them with special terms related to their investment in a Fund, which are not offered to other investors in the Fund. MONTICELLOAM does not participate in a wrap fee program. As of December 31, 2023, MONTICELLOAM had approximately $1,739,043,774 in regulatory assets under management on a discretionary basis. and approximately $160,672,647 on a non-discretionary basis.