The Adviser is a Delaware limited liability company formed in September 2017 that is registered as an investment adviser with the SEC under the Advisers Act. As of the date hereof, the Adviser provides investment advisory and administrative services to the following entities: (a) Terra Property Trust, Inc. (“Terra REIT”); (b) Terra Secured Income Fund 5 International (“Terra 5 International”); (c) Terra Income Fund International (“Terra International”); (d)Terra Offshore Funds REIT, LLC; and (e) Mavik Real Estate Special Opportunities Fund, LP (“Special Opps Fund” and together with Terra REIT, Terra 5 International, Terra International, and any other persons or entities that may become clients of the Adviser in the future, the “Clients”). The Adviser may, subject to any limitations described in the various agreements between the Adviser and its Clients (each, an “Advisory Agreement”), advise business development companies (“BDCs”), real estate investment trusts (“REITs”), registered investment companies, private investment funds, institutional investors, or other persons or entities in the future, at which time the Adviser will make any necessary amendments to this Brochure. The Adviser is responsible for identifying potential investments for its Clients. The Adviser evaluates such investments and their appropriateness based on the investment objectives and policies of the applicable Client making such investment, as adopted by such Client’s board of directors, board of managers or other governing body. If the Adviser determines that certain investments are appropriate for a given Client, and the investment committee of the Adviser unanimously approves such investments, the Adviser will effectuate the investments on behalf of such Client. The Adviser also has the discretion, without limitation, to determine the broker used in effecting any investment and commissions to be paid in connection

therewith. The Adviser then, on behalf of the Client, acquires, monitors, and continually services any investments made. Using an asset analysis methodology that includes a combination of fundamental and cyclical analysis with a consideration of, among other things, a potential investment’s credit rating, if applicable, the Adviser will determine what assets are appropriate for purchase, sale or retention by its Clients. The Adviser provides investment supervisory services to each of its Clients pursuant to an Advisory Agreement. The Adviser may offer advice to its Clients on a broad range of securities, including but not limited to, commercial real estate loans (including mezzanine loans, first and second lien mortgage loans, subordinated mortgage loans, bridge loans and other commercial real estate-related loans), preferred equity investments, select commercial real estate- related debt securities, equity securities that may be exchange listed, traded over-the- counter or issued by foreign entities, warrants, commercial paper, certificates of deposit, mutual fund shares, U.S. government securities, option contracts on securities, interests in partnerships investing in real estate, oil and gas interests, commodities, corporate loans, corporate debt securities and collateralized loans and debt obligations. As of December 31, 2023, the Adviser and its affiliates managed $1,098,621,330 in Client assets on a discretionary basis. The sole owner of the Adviser is Terra Capital Partners, LLC (“Terra Capital Partners”), an entity wholly owned and controlled by Mavik Capital Management, L.P. (“Mavik”), which is ultimately controlled by Vikram Uppal. A passive minority interest of less than 25 in Mavik is owned by Strategic Partners Real Estate VII Investments, L.P., an investment fund managed by Strategic Partners Fund Solutions. See Item 10 – Other Financial Industry Activities and Affiliations for more information.