9.         Commitments and Contingencies

The Company routinely enters into forward flow agreements with sellers, representing commitments to purchase qualifying accounts monthly within specified ranges and for an agreed minimum time period and price (as a percentage of face value). As of  June 30, 2026, the Company had approximately $21,661,339 in commitments with US counterparties to purchase US mortgage loans.

During the six months ended June 30, 2026, RCRED Georgian 2026 Trust executed six forward trade contracts with Barclays Bank PLC (“Barclays”) to purchase residential mortgage whole loans with an aggregate unpaid principal balance of $16,256,252 within 90 days from the date the residential mortgage whole loans were purchased, unless mutually agreed to by RCRED Georgian 2026 Trust and Barclays.

The Company provided a partial guarantee related to a loan held by Bungalow Group. Bungalow Group must maintain certain covenants, including a minimum ratio of asset value to debt outstanding, adjusted equity and liquidity, at all times. If Bungalow Group breaches any covenant for any reason, the Company is required to fund up to 25% of the maximum loan amount (no amounts were outstanding as of June 30, 2026) to Bungalow Group to bring it into compliance and/or repay Bungalow Group’s lender. As of June 30, 2026, there was no debt balance outstanding at Bungalow Group linked to this guarantee, so the guarantee is for $0.

See Note 7, Related Party Transactions for information on contingent amounts due to the Advisor and Sub-Advisor for the reimbursement of organization and offering costs with respect to the Private Offering.

As of  June 30, 2026, the Company is not subject to any material litigation nor is the Company aware of any material litigation threatened against it.