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  "documentTitle": "Great Ajax | Results Presentation Deck | 17 slides",
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      "text": "Category Description Target Levered Yield (2) A Commercial Mortgage-Backed Securities Lower-risk, highly liquid, mostly senior bonds across multifamily, hospitality, industrial, data center, retail, and other asset classes 10-12% B Senior Loans First lien mortgage loans secured by stabilized and/or transitional CRE assets 12-14% C Subordinated/Mezzanine Loans Structurally subordinated loans (e.g., B-notes and mezzanine loans) secured by a second lien on CRE assets and/or a pledge of equity 13-16% D Opportunistic Investments Ability to capitalize on market dislocations and attractive opportunities across cycles 15-20% Illustrative Portfolio Yield 12-16%",
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