PR Mortgage Investment Management, LLC (“PRMIM” or the “Firm”) is a Delaware limited liability company that was formed in August 2019. PRIMIM is an investment adviser registered under the Investment Advisers Act of 1940 (“Advisers Act”), as amended, and is an investment company with its principal place of business in Mount Laurel, NJ. PRMIM is owned and controlled by B3, LLC whose members and principal owners are Barry Bier, Sanford Blitzer, and Brad Brautigam (“Principals”). Merchants Bancorp (NASDAQ: MBIN) owns a minority stake in PRMIM. PRMIM provides investment management services to PR Mortgage Investment, LP, a Delaware limited partnership ( the “Fund” or “Client”) primarily by investing in a leveraged portfolio of real-estate-related debt and other real-estate-related and mortgage-related assets (including equity, debt and synthetic assets and instruments), servicing rights, commercial and residential mortgage loans and mortgage-backed securities, other securitized assets (including risk retention securities), index instruments, financing and hedging instruments and derivatives, and other debt and loan instruments. The general partner has the right to cause the Fund to form, and in such event a portion of the Fund’s capital may be used to form and fund, one or more separate companies that will be in the business of originating and/or warehousing residential or commercial real estate mortgage loans and/or securitizing such loans as part of the Fund’s investment activities, (an “Origination Company”). At this time, the Fund has not formed an Origination Company. The general partner has formed PRMI Securitization, LLC (“Securitization Depositor) which is in the business of facilitating

the securitization of residential or commercial real estate mortgage-backed securities transactions. PRMI Securitization, LLC’s overhead costs will be borne by such entity, which is wholly owned by the Fund. The Fund has also formed a wholly owned subsidiary, PRMI Capital Markets LLC, to act as a securitization sponsor ( the “Sponsor”). The Sponsor has formed a majority owned entity to hold the required risk retention securities from its risk retention securitizations. PRMIM will provide discretionary investment management services to the Fund in accordance with the relevant governing and offering documents of the Fund, including any limited partnership agreement, investment management agreement, private placement memorandum and/or subscription agreement, as the case may be (each, an “Offering Document”, and collectively, the “Offering Documents”). PRMIM does not tailor its advisory services to the individual investors in the Fund (each, an “Investor”, and collectively, the “Investors”), or provide Investors with the right to specify, or restrict the Fund’s investment objectives or any investment or trading decisions. The general partner of the Fund is PRMIGP LLC (the “General Partner”), a Delaware limited liability company. The General Partner has ultimate responsibility for decisions relating to management and operations made on behalf of the Fund and has ultimate responsibility for the investment decisions made on behalf of each Fund but has delegated certain responsibilities to PRMIM. PRMIM does not participate in wrap fee programs. As of December 31, 2023, PRIMM has $707,571,412 of regulatory assets under management all of which are managed on a discretionary basis.