Sutherland Asset Management ^{Filed, US Offering, Removed, NYSE: SLD}

We are a real estate finance company that acquires, originates, manages, services and finances primarily small balance commercial loans, or SBC loans. SBC loans generally range in original principal amount of between $500,000 and $10 million and are used by small businesses to purchase real estate used in their operations or by investors seeking to acquire small multi-family, office, retail, mixed use or warehouse properties. We also invest in asset-backed securities where the underlying pool of assets consists primarily of SBC loans, or SBC ABS, and other real estate-related investments. As of September 30, 2015, we held a diversified portfolio of assets with an aggregate unpaid principal balance, or UPB, of approximately $2.1 billion and a carrying value of approximately $1.9 billion.