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      "text": "Largest non-bank lender to both investors in and owners of small balance commercial (“SBC”) properties with current capitalization of approximately $2.0 billion1,2\nAll-weather investment strategy as a direct lender and acquiror of bulk portfolios, including distressed\n$9.6 billion3 portfolio of almost 5,600 loans diversified across 50 states & Europe with 99% senior lien\nResilient current dividend yield of 11.3%1; combination of gain-on-sale income from 3 government sponsored Opco’s & NIM from “capital heavy” SBC→ Record year in pandemic\nImbedded operating companies supported by over 600 employees across the Company’s 8 offices\nIntegrated with Waterfall Asset Management, LLC, a leading $9.8 billion global structured products investment manager with a 17-year track record",
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