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The is a publicly offered, SEC-registered closed-end interval fund that focuses on generating current income through credit investments secured by commercial real estate. Fund Overview & Objectives

: Managed by Pender Capital Management, LLC, and structured as an interval fund (Rule 23c-3) aiming to operate as a REIT. Shares : Offers Class A and Class I shares. Investor Information

: Targets the U.S. lower middle market, utilizing senior position collateral, with options for mezzanine and preferred equity investments. Key Investment Details

: Shares are not publicly traded; liquidity is limited to quarterly repurchase offers.

: Appropriate for investors seeking income who can handle limited liquidity.