Eagle Group, a Delaware corporation, was formed in 2013 to provide discretionary investment advisory services to pooled investment vehicles organized as private real estate funds (each a “Fund” and together, the “Funds”). The Funds invest primarily in real estate debt assets, generally consisting of multifamily, retail, office, mixed-use, hospitality, manufactured housing and industrial/flex asset types. Eagle Group serves as the general partner of two pooled investment vehicles, iBorrow REIT, L.P. and iBorrow Finance Loan Fund I, L.P. iBorrow, L.P. (“iBorrow”), is the operating entity through which all of the Adviser’s and Relying Adviser’s activities are managed. iBorrow operates a debt financing platform that provides bridge loans for commercial real estate transactions on a first lien basis. iBorrow originates, sells and services these private real estate loans that serve as the Funds’ investments. iBorrow Special Opportunities, a California corporation, was formed in 2020 and is registered with the SEC as a relying adviser on Eagle Group’s Form ADV; therefore, this brochure shall also serve as the brochure for the Relying Adviser. The Relying Adviser is the general partner of iBorrow Special Opportunities Fund, LP ("Special Opportunities Fund"), which makes investments that are intended to produce higher returns by originating or investing in: (i) commercial loans secured by first liens on real property; (ii) mezzanine commercial loans secured by junior liens on real property or similar collateral; (iii) loan participations in commercial real estate loans; (iv) preferred equity interests in companies that own, directly or indirectly, commercial real estate; (v) defaulted, distressed and/or performing loans originated by other lenders; (vi) equity ownership of real properties

acquired through foreclosure or deed in lieu (“REO”) by the Fund or purchased from other lenders, and (vii) other similar types of investments determined appropriate by the General Partner in its sole discretion. iBorrow, iBorrow Special Opportunities and Eagle Group are primarily owned by Brian Good (Chief Executive Officer), Andrew Peltz (co-Executive Chairman) and Harlan Peltz (co-Executive Chairman). Investment advice is provided directly to each Fund itself and not to the individual investors in the Funds. Eagle Group and its Relying Adviser tailor their advisory services to the individual needs of each particular Fund but not to the individual needs of underlying investors. Eagle Group and its Relying Adviser manage the Funds in accordance with the investment objectives and limitations set forth in each Fund’s offering memoranda, governing documents, subscription agreements, side letters, and any investment management agreements (together, “Fund Offering Documents”). Eagle Group and its Relying Adviser utilize similar strategies across all of its Funds; however, some Funds may differ in their particular investing approaches, investment types and/or investment limitations, as specified in each Fund’s Offering Documents. Eagle Group has entered (and may in the future enter) into agreements, commonly known as “side letters,” with certain investors under which the Adviser may waive or modify the application of certain investment terms applicable to such investors, without obtaining the consent of any other investor in the Fund (other than an investor whose rights would be materially and adversely affected by the waiver or modification). As of December 31, 2023, Eagle Group manages $149,259,346 of regulatory assets under management on a discretionary basis on behalf of the Funds.