Your vote P.O. BOX 8016, CARY, NC 27512-9903 matters! Have your ballot ready and please use one of the methods below for easy voting:
Your control number Have the 12 digit control number located in the box above available when you access the website and follow the instructions. PROXY TABULATOR PO BOX 8035 CARY, NC 27512-9916 Invesco Commercial Real Estate Finance Internet: Trust,
Inc. (INCREF) www.proxypush.com/INCREF • Cast your vote online • Have your Proxy Card ready Annual Meeting of Stockholders • Follow the simple instructions to record your vote Phone: 1-866-503-3082 For Stockholders of record as of March 24, 2026 Thursday, July 9, 2026 1:00 PM, Central Time • Use any touch-tone telephone • Have
your Proxy Card ready • Follow the simple recorded instructions 2300 N Field Street, Dallas, Texas 75201 Live Agent: (888) 850-1794 Speak to a live agent and vote on a recorded line YOUR VOTE IS
IMPORTANT! PLEASE VOTE BY: 1:00 PM, Central Time, July 9, 2026. Mail: • Mark, sign and date your Proxy Card • Fold and return your Proxy Card in the postage-paid envelope provided This proxy is being solicited on behalf of the Board
of Directors The undersigned hereby appoints R. Scott Dennis, Chair of the board of directors, Courtney Popelka, Chief Financial Officer, and E. Elizabeth Day, General Counsel and Assistant Secretary (the “Named Proxies”), and each or
either of them, as the true and lawful attorneys of the undersigned, with full power of substitution and revocation, and authorizes them, and each of them, to vote all the shares of capital stock of Invesco Commercial Real Estate Finance Trust, Inc.
(INCREF) which the undersigned is entitled to vote at said meeting and any adjournment thereof upon the matters specified and upon such other matters as may be properly brought before the meeting or any adjournment thereof, conferring authority upon
such true and lawful attorneys to vote in their discretion on such other matters as may properly come before the meeting and revoking any proxy heretofore given. THE SHARES REPRESENTED BY THIS PROXY WILL BE VOTED AS DIRECTED OR, IF NO DIRECTION IS
GIVEN, SHARES WILL BE VOTED IDENTICAL TO THE BOARD OF DIRECTORS RECOMMENDATION. This proxy, when properly executed, will be voted in the manner directed herein. In their discretion, the Named Proxies are authorized to vote upon such other matters
that may properly come before the meeting or any adjournment or postponement thereof. You are encouraged to specify your choice by marking the appropriate box (SEE REVERSE SIDE) but you need not mark any box if you wish to vote in accordance with
the Board of Directors’ recommendation. The Named Proxies cannot vote your shares unless you sign (on the reverse side) and return this card. PLEASE BE SURE TO SIGN AND DATE THIS PROXY CARD AND MARK ON THE REVERSE SIDE Copyright © 2026
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