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Dynamo Capital and Property Llama Present:

Dynamo Capital Fund Update For July 2025

August 15, 2025

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Agenda

  1. Fund Performance for July 2025
  2. Announcements
  3. Investor Questions

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Disclaimer

CONFIDENTIALITY

This presentation is provided to you in your capacity as a potential investor in the “Fund” and contains confidential information. The existence of this presentation itself shall be deemed confidential. By accepting this presentation, the recipient agrees that it and its directors, officers, employees, attorneys, accountants, financial advisors, representatives and other affiliates who are assisting in the evaluation of the proposed investment (i) will use this presentation only to evaluate the proposed investment and for no other purpose, (ii) will share this presentation only with parties necessary for the proper evaluation of the proposed investment, and (iii) will not divulge the contents of this presentation or any details related to the proposed investment described herein to any other party in any way or form whatsoever.

INVESTMENT IN THE FUND INVOLVES HIGH RISK

Investments in the Fund will be offered exclusively to financially sophisticated, accredited investors, high net worth individuals, family offices and institutional investors capable of evaluating the merits and risks of an investment in the Fund. Interests in the Fund are highly speculative and illiquid investments that involve substantial risk. No active secondary market in the interests exists, and the Fund does not anticipate that any such market will develop. Interests in the Fund are suitable investments (if at all) only for a limited portion of the risk segment of an investor’s portfolio. Investors could lose all or substantially all of their investment in the Fund. The Company will not be registered as an investment company under the Investment Company Act of 1940. In addition, neither the Company nor its affiliates will be registered as an investment advisor under the Investment Advisors Act of 1940. Consequently, Prospective Investors will not be afforded the protections of any of those laws and regulations.

NO OFFERING OF INVESTMENT OPPORTUNITY

The information contained in this presentation has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any securities or to participate in any investment strategy and may not be used or relied upon in connection with any offer or sale of securities. Any description of the Fund’s portfolio is for illustrative purposes only. The Fund’s actual portfolio may vary from the parameters described herein. The Fund will only sell securities pursuant to the terms and conditions set forth in its governing documents, including, without limitation, its private placement memorandum (“PPM”), its subscription agreement and its operating agreement.

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Disclaimer Continued

FORWARD-LOOKING STATEMENTS

This presentation contains forward-looking statements; in particular, statements about the plans, strategies and prospects of the Fund. These statements are based on our current expectations and projections about future events. The words “may,” “will,” “should,” “expect,” “plan,” “seek,” “intend,” “anticipate,” “believe,” “estimate,” “aim,” “potential” or “continue” or the negative of those terms or other similar expressions are intended to identify forward-looking statements and information. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their respective dates. These forward-looking statements are based on assumptions and estimates by management the Fund that, although believed to be reasonable, are inherently uncertain and subject to risks and uncertainties that could cause actual results to differ from historical results or those anticipated or predicted by such forward-looking statements. Considering these risks and uncertainties, the matters referred to in the forward-looking statements contained in this presentation may not, in fact, occur. The Fund undertake no obligation to update or revise any forward-looking statement after the date of this presentation as a result of new information, future events or otherwise, except as required by law. The Fund qualifies all of its forward-looking statements by these cautionary statements.

COMPANY-SOURCED INFORMATION

The information contained in this presentation was obtained from the Fund and other sources identified by the Fund. Any statements, data, estimates, or projections contained herein have been prepared by management of the Fund and may involve elements of subjective judgment and analysis that may or may not prove to be accurate. All information provided herein is on an “as is” basis. While the information contained herein is believed to be reliable, neither the Fund nor any of its respective representatives, by delivery hereof, makes any representations or warranties, expressed or implied, as to the accuracy or completeness of such information. This presentation does not intend to contain all the information that may be required to evaluate an investment in the Fund or any other transaction, and any recipient hereof should conduct its own analysis of the Fund and the information contained or referred to herein.

The information contained herein is not intended to be, nor should it be construed or used as investment, tax or legal advice. Before making any investment in the Fund, you should consult with your professional advisor(s) to determine whether an investment in the Fund is suitable for you considering your investment objectives and financial situation.

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Transparency and Clear Communication

As your trusted real estate investment partner, Property Llama strives to deliver exceptional opportunities with transparent operator relationships, clear communication, and direct due diligence.

Resource: Dynamo Capital Property Llama Fund Deal Room

https://www.notion.so/curtisstmedia/PL-Dynamo-2-Data-Room-18f4de7e451d80288241ec93de33d96d

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Call Format

If you have questions while we're speaking, please type them in the chat.

If questions come up after the Q&A, please reach out to ir@propertyllama.com

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PL Dynamo 2: Now Open through September 2025

  • We have received an updated allocation through September 2025
    • Now accepting new capital
    • If you’re looking to increase your position
    • Switch to compounding

  • If you’re interested, we encourage you to submit a Soft Commit to reserve your place in line.
    • The soft commit is not legally binding but will secure your spot on the growing waitlist.
    • URL: https://forms.gle/LzG7SBkZrRTb8HZ88

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Prepared Questions

Investment Timeline

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Prepared Questions

Investment Timeline

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July 2025 Dynamo Fund Update

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July Was a Standout Month for our Team

July was a standout month for our team. Over the past several quarters, our leadership has been focused on laying the groundwork for long-term growth—and July gave us our first big test. The team rose to the occasion, funding a record number of unique borrowers and assets. Even better, based on team feedback, we had the capacity to handle 50–75% more volume.

As we continue scaling our operational capacity, we’re now shifting focus toward adding sales leadership. This will help us build out market-specific loan officers in our key strategic markets.

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July Revenue and Expenses

  • $742,501.55 in fund revenue (June: $530,297.64)
    • $175,786.34 in origination fees (June: 28,560.00)
    • $21,420.55 in prepaid interest
    • $528,093.76 in interest revenue
    • $0.00 in extension fee revenue
    • $17,200.90 in yield spread revenue earned from the origination of loans to be sold
    • $0.00 in cashback on expenses placed on a charge card for the Fund
  • $65,232.23 in fund expenses allocated to July ($75,000 origination fee paid to LOC provider will be added to carried expense and amortized)
    • $6,756.25 in Administration expense paid to Armanino LLP
    • $3,597.00 in Fund level legal fees
    • $6,300.00 in tax and accounting
    • $75,000.00 origination fee paid to line of credit provider
    • $0.00 in origination fees paid to loan buyers
    • $43,078.98 in LOC interest expenses
    • $5,500 paid to Setpoint Technologies for warehouse line management services
  • $677,269.32 in fund profit

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Loan Origination Figures

  • 28 loans funded (June 15)
  • $6,783,376.66 in total loan volume
  • Average loan amount of $242,263.45

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Current Portfolio average LTV: 70.08%

This chart represents the Loan-to-Value (LTV) Average for the main Dynamo fund. “Newly Funded Loans” refers to loans funded in the prior month, while “Average LTV of Portfolio” refers to the LTV of all loans on the books.

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Return Metrics

  • 1.75% monthly return, net of fund expenses
    • The GP has deferred a portion of their compensation for the month of July
  • This is applicable for all investments made on or before7/1/2025
  • Investor distributions will be sent by the end of June for PL Dynamo distributions

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Looking Ahead: August 2025

August’s focus will be on expanding our sales team and making a bigger impact in the Denver market. DSCR and RTL loan volume is trending strong, and our underwriting team is hitting its stride as we diversify into new geographies beyond Wichita.

We’re staying disciplined with loan metrics and continuing to work with consistent, high-quality borrowers to manage risk. If trends hold, August should build on July’s momentum—bringing more growth and continued maturation of our operations.

Here’s to another strong month ahead!

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Announcements

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PL Dynamo 2: Now Open through September 2025

  • We have received an updated allocation through September 2025
    • Now accepting new capital
    • If you’re looking to increase your position
    • Switch to compounding

  • If you’re interested, we encourage you to submit a Soft Commit to reserve your place in line.
    • The soft commit is not legally binding but will secure your spot on the growing waitlist.
    • URL: https://forms.gle/LzG7SBkZrRTb8HZ88

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Questions

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Question: How is the Denver expansion going? What type and volume of loans have you funded?

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Question: From a longer term perspective, will Dynamo be able to maintain the current returns?

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Question: What is the portfolio’s current delinquencies, defaults, and foreclosures?

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Question: In a previous update you discussed streamlining your DSCR loan selling process. Can you share the progress?

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PL Dynamo 2: Now Open through August 2025

  • We have received an updated allocation through August 2025
    • Now accepting new capital
    • If you’re looking to increase your position
    • Switch to compounding

  • If you’re interested, we encourage you to submit a Soft Commit to reserve your place in line.
    • The soft commit is not legally binding but will secure your spot on the growing waitlist.
    • URL: https://forms.gle/LzG7SBkZrRTb8HZ88