(2022 projected origination volume and preferences) RomspenVolume: $350M-$450MWill fund $445M total this year, $267M funded YTD and $178M in the pipeline; $8M-$50M loans for entitled land, infrastructure and land servicing deals; rates typically 10%-12%, 2% lender fee; up to 60%-65% LTV; recourse/guarantees frequently required; primary and secondary urban markets with regional populations of around one More