Filed pursuant to Rule 497
File No. 333-195003

GARRISON CAPITAL INC.

Supplement dated December 12, 2014

Prospectus Supplement dated December 12, 2014

This supplement contains information which amends, supplements or modifies certain information contained in the Prospectus Supplement of Garrison Capital Inc. dated December 12, 2014, to the Prospectus dated July 14, 2014 (as previously supplemented, the “Prospectus”). The text of the Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2014 is included below and incorporated herein by reference.

You should carefully consider the “Risk Factors” beginning on page 14 of the Prospectus before you decide to invest in shares of our common stock.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q


x		QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended September 30, 2014


o		TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 814-00878

Garrison Capital Inc.

(Exact name of registrant as specified in its charter)


Delaware		90-0900145
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

1290 Avenue of the Americas, Suite 914
New York, New York 10104

(Address of principal executive offices)

(212) 372-9590

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes o No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer o		Accelerated filer o
Non-accelerated filer x (Do not check if a smaller reporting company)		Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

As of November 5, 2014 the Registrant had 16,758,779 shares of common stock, $0.001 par value, outstanding.

TABLE OF CONTENTS


	Page
Part I. Financial Information
Item 1. Financial Statements		1
Consolidated Statements of Financial Condition as of September 30, 2014 (unaudited) and December 31, 2013		1
Consolidated Schedule of Investments as of September 30, 2014 (unaudited) and December 31, 2013		2
Consolidated Statements of Operations (unaudited) for the three and nine months ended September 30, 2014 and September 30, 2013		16
Consolidated Statements of Changes in Net Assets (unaudited) for the nine months ended September 30, 2014 and September 30, 2013		17
Consolidated Statements of Cash Flows (unaudited) for the nine months ended September 30, 2014 and September 30, 2013		18
Notes to Consolidated Financial Statements		19
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		48
Item 3. Quantitative and Qualitative Information About Market Risk		63
Item 4. Controls and Procedures		63
Part II. Other Information
Item 1. Legal Proceedings		64
Item 1A. Risk Factors		64
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		64
Item 3. Defaults Upon Senior Securities		64
Item 4. Mine Safety Disclosures		64
Item 5. Other Information		64
Item 6. Exhibits		65

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Statements of Financial Condition

Part I. Financial Information

Item 1. Financial Statements


	September 30, 2014			December 31, 2013
	(unaudited)
Assets
Cash and cash equivalents	$	25,572,239		$	13,664,583
Cash and cash equivalents, restricted		15,460,036			27,964,507
Due from counterparties		1,706,575			6,660,132
Investments, fair value
Non-control/Non-affiliate investments (amortized cost of $447,762,162 and $409,797,656, respectively)		448,649,030			410,051,950
Affiliate investments (amortized cost of $0 and $17,190,795, respectively)		—			19,029,529
Accrued interest receivable		4,082,475			2,664,416
Deferred debt issuance costs (net of accumulated amortization of $1,925,570 and $1,400,358, respectively)		4,584,334			4,884,271
Deferred offering costs		314,018			—
Other assets		442,716			160,426
Total assets	$	500,811,423		$	485,079,814
Liabilities
Due to counterparties	$	5,096,343		$	7,840,140
Incentive fee payable		4,388,075			1,098,899
Management fee payable		223,341			217,608
Administrator fee payable		309,904			—
GLC Trust 2013-2 revolving note (Note 7)		—			9,741,676
GLC Trust 2013-2 Class A note (Note 7)		34,288,677			—
Senior secured revolving note (Note 7)		34,000,000			50,000,000
Senior secured term note (Note 7)		159,729,390			159,677,767
Interest payable		649,397			1,487,539
Accrued expenses and other payables		826,519			935,587
Total liabilities		239,511,646			230,999,216
Commitments and contingencies (Note 13)	$	—		$	—
Net assets
Common stock, par value $0.001 per share, 100,000,000 shares authorized, 16,758,779 and 16,758,779 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively		16,759			16,759
Paid-in-capital in excess of par		257,804,160			257,804,160
(Over)/under distributed net investment income		(2,468,451	)		—
Accumulated net realized gain/(loss) from investments		5,060,441			(5,833,349	)
Net unrealized appreciation from investments		886,868			2,093,028
Total net assets		261,299,777			254,080,598
Total liabilities and net assets	$	500,811,423		$	485,079,814
Common shares outstanding		16,758,779			16,758,779
Net asset value per common share	$	15.59		$	15.16

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments

September 30, 2014 (unaudited)



Security Description	Par/Shares		Cost		Fair Value		% of Net Assets
Non-Control/Non-Affiliate Investments
Investments – United States
Common Equity
Apparel Products
Everyware Global, Inc., Warrant*		82,843	$	—	$	—		—	%
Total Apparel Products				—		—		—
Health Services
Juniper TGX Investment Partners, LLC, Common		670,623		670,623		1,074,637		0.41
Total Health Services				670,623		1,074,637		0.41
Miscellaneous Manufacturing
Valterra Products Holdings, LLC, Common Class A		185,847		185,847		294,511		0.12
Valterra Products Holdings, LLC, Common Class B		20,650		20,650		32,723		0.01
Total Miscellaneous Manufacturing				206,497		327,234		0.13
Miscellaneous Retail
Provo Craft Holdings, LLC, Common		1,110		—		—		—
Total Miscellaneous Retail				—		—		—
Transportation Services
EZE Trucking, LLC, Common		2,898		267,801		—		—
Total Transportation Services				267,801		—		—
Total Common Equity			$	1,144,921	$	1,401,871		0.54	%
Preferred Equity
Consumer Finance Services
Prosper Marketplace Series B Preferred Stock⁽⁴⁾		261,912	$	789,962	$	3,761,056		1.44	%
Total Consumer Finance Services				789,962		3,761,056		1.44
Total Preferred Equity			$	789,962	$	3,761,056		1.44	%
Debt Investments
Apparel Products
Joe’s Jeans Inc., Term Loan* L + 10.75%, 1.25% L Floor, 9/30/2018		10,486,963	$	10,319,263	$	10,319,148		3.95	%
Total Apparel Products				10,319,263		10,319,148		3.95
Automotive
CTC Casting Technologies, Inc. (Compass), Loan* L+ 6.75%, 0.75% L Floor, 3/28/2019		10,281,250		10,188,966		10,224,655		3.92
Penda Corporation, Term Loan⁽⁵⁾ L+ 12.00% Cash, 2.00% PIK, 1/26/2019		7,323,901		7,210,934		7,323,901		2.80
Total Automotive				17,399,900		17,548,556		6.72
Broadcasting & Entertainment
CF Entertainment Inc. (Entertainment Studios), Term Loan* L+ 7.50%, 1.00% L Floor, 6/26/2019		9,960,531		9,866,217		9,866,152		3.78
Total Broadcasting & Entertainment				9,866,217		9,866,152		3.78

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

September 30, 2014 (unaudited)



Security Description	Par		Cost		Fair Value		% of Net Assets
Non-Control/Non-Affiliate Investments (continued)
Investments – United States (continued)
Debt Investments (continued)
Building & Real Estate
Onyx Mamaroneck, LLC, Term Loan⁽⁴⁾⁽⁵⁾ L+ 7.00% Cash, 5.00% PIK, 2/1/2015		10,273,133	$	10,205,177	$	10,273,133		3.93	%
ShelterLogic Corp., Term Loan* L+ 8.50%, 1.00% L Floor, 7/30/2019		10,434,375		10,232,888		10,232,773		3.92
Total Building & Real Estate				20,438,065		20,505,906		7.85
Chemicals
Arclin US Holdings Inc., 2^nd Lien Term Loan*⁽⁴⁾ L+ 6.00%, 1.75% L Floor, 1/15/2015		2,578,349		2,569,084		2,578,349		0.99
Galata Chemicals, LLC, Term Loan* L+ 8.00%, 1.00% L Floor, 2/28/2019		9,250,000		9,083,964		9,083,541		3.47
Total Chemicals				11,653,048		11,661,890		4.46
Communications
Aspect Software, Inc., Tranche B Term Loan* L+ 5.50%, 1.75% L Floor, 5/7/2016		5,461,226		5,445,679		5,445,880		2.08
HC Cable OpCo, LLC, Term Loan* L+ 8.50%, 1.00% L Floor, 7/17/2018		10,900,532		10,755,843		11,087,879		4.25
Sirva Worldwide, Loan* L+ 6.25%, 1.25% L Floor, 3/27/2019		4,925,000		4,851,529		4,998,875		1.91
Total Communications				21,053,051		21,532,634		8.24
Consumer Finance Services
PlanMember Financial Corporation, Term Loan*⁽⁴⁾ L+ 8.50%, 1.50% L Floor, 2/14/2018		1,426,295		1,400,924		1,426,295		0.55
Project Sunshine IV Pty Ltd (Sensis), New Term Loans*⁽⁴⁾ L+ 7.00%, 1.00% L Floor, 9/23/2019		10,385,631		10,282,456		10,359,667		3.96
Total Consumer Finance Services				11,683,380		11,785,962		4.51
Electrical Equipment
AbelConn, LLC (SIE Computing), Term Loan A* L+ 8.50%, 1.00% L Floor, 7/17/2019		10,500,000		10,298,740		10,290,000		3.94
AbelConn, LLC (SIE Computing), Term Loan B L+ 2.50%, 1.00% L Floor, 7/17/2019		2,826,550		2,772,372		2,770,019		1.06
AbelConn, LLC (SIE Computing), Revolver L+ 2.50%, 1.00% L Floor, 7/17/2019		345,205		338,301		338,301		0.13
Total Electrical Equipment				13,409,413		13,398,320		5.13
Food Stores – Retail
Specialty Bakers LLC, Term Loan* L+ 7.25%, 1.00% L Floor, 8/7/2019		9,486,220		9,289,965		9,289,854		3.55
Sqwincher Corporation (The), Term Loan* L+ 10.00%, 1.50% L Floor, 8/3/2016		6,473,900		6,429,234		6,473,900		2.48
Total Food Stores – Retail				15,719,199		15,763,754		6.03

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

September 30, 2014 (unaudited)



Security Description	Par		Cost		Fair Value		% of Net Assets
Non-Control/Non-Affiliate Investments (continued)
Investments – United States (continued)
Debt Investments (continued)
Health Services
Forest Park Medical Center at Fort Worth, LLC, Term Loan L+ 12.00%, 7/16/2019		9,590,539	$	9,590,539	$	9,590,539		3.67	%
Forest Park Medical Center at San Antonio, LLC, Term Loan L+ 12.00%, 7/16/2019		11,409,461		11,409,461		11,409,461		4.36
SCG Capital Corporation (Radiation Therapy), Term Note L+ 12.00%, 5/1/2017		6,754,541		6,754,541		6,754,541		2.58
Virtual Radiologic Corporation, Term Loan B* L+ 5.50%, 1.75% L Floor, 12/22/2016		4,837,500		4,818,183		3,567,656		1.37
Walnut Hill Physicians’ Hospital, LLC, Acquistion Loan 12.50%, 9/27/2018		1,528,977		1,528,977		1,528,977		0.59
Walnut Hill Physicians’ Hospital, LLC, Term Loan 12.50%, 4/1/2019		7,784,791		7,784,791		7,784,791		2.98
Total Health Services				41,886,492		40,635,965		15.55
Insurance Agents
Affirmative Insurance Holdings, Inc., Term Loan* L+ 7.25%, 1.25% L Floor, 3/30/2016		6,005,568		5,821,145		5,855,429		2.24
Worley Claims Services, LLC, Term Loan* L+ 11.00%, 1.50% L Floor, 7/6/2017		5,974,011		5,907,989		6,093,491		2.33
Total Insurance Agents				11,729,134		11,948,920		4.57
Oil & Gas
Gasco Production Company, Term Loan* L+ 8.50%, 1.00% L Floor, 8/18/2017		9,985,495		9,745,661		9,745,521		3.73
Total Oil & Gas				9,745,661		9,745,521		3.73
Miscellaneous Manufacturing
Anchor Hocking, LLC (EveryWare Global), Initial Term Loan*⁽⁵⁾ L+ 6.50% Cash, 1.75% PIK, 1.25% L Floor, 5/21/2020		6,933,026		6,857,472		5,295,099		2.03
AP Gaming I, LLC, Term B Loan* L+ 8.25%, 1.00% L Floor, 12/20/2020		4,962,500		4,830,322		4,987,313		1.91
CR Brands, Inc., Term Loan* L+ 7.25%, 1.00% L Floor, 3/31/2019		10,500,000		10,311,161		10,311,749		3.94
Frontier Spinning Mills, Inc., Term Loan* L+ 6.50%, 1.00% L Floor, 12/19/2018		4,873,418		4,851,266		4,849,051		1.86
Kranos Acquisition Corp., Term Loan* L+ 11.00%, 1.00% L Floor, 6/15/2017		10,500,000		10,441,645		10,410,709		3.98
Nursery Supplies, Inc., Term Loan* L+ 7.50%, 1.00% L Floor, 6/13/2018		10,937,812		10,897,350		11,014,527		4.22
Ranpak Corp., Second Lien Term Loan* L+ 7.25%, 1.25% L Floor, 4/23/2020		1,000,000		992,097		1,008,330		0.39
Valterra Products Holdings, LLC, Term Loan* L+ 9.00%, 1.00% L Floor, 5/31/2018		8,517,994		8,393,163		8,660,220		3.31
Total Miscellaneous Manufacturing				57,574,476		56,536,998		21.64

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

September 30, 2014 (unaudited)



Security Description	Par		Cost		Fair Value		% of Net Assets
Non-Control/Non-Affiliate Investments (continued)
Investments – United States (continued)
Debt Investments (continued)
Miscellaneous Retail
Confluence Outdoor, LLC, Term Loan* L+ 7.00%, 1.00% L Floor, 4/18/2019		6,656,997	$	6,551,090	$	6,551,026		2.51	%
PD Products, LLC, Term Loan* L+ 10.50%, 1.50% L Floor, 10/4/2018		10,234,516		10,070,233		10,234,516		3.92
PD Products, LLC, Revolver L+ 10.50%, 1.50% L Floor, 10/4/2018		606,998		606,998		606,998		0.23
PSP Group, LLC, Term Loan* L+ 4.75%, 1.50% L Floor, 9/13/2016		4,372,706		4,350,244		4,285,252		1.64
Total Miscellaneous Retail				21,578,565		21,677,792		8.30
Miscellaneous Services
Academi Holdings LLC, Second Lien Term Loan* L+ 10.00%, 1.00% L Floor, 7/25/2020		10,000,000		9,806,293		9,800,000		3.75
Attachmate Corporation, Second Lien Term Loan* L+ 9.50%, 1.50% L Floor, 11/22/2018		10,365,221		10,332,368		10,499,969		4.02
Dorsey School of Business Holdings, Inc., Term Loan* L+ 8.00%, 1.50% L Floor, 6/28/2018		4,625,000		4,625,000		4,625,000		1.77
Global Traffic Technologies, LLC, Term Loan A* L+ 5.25%, 1.25% L Floor, 6/30/2015		2,192,819		2,167,787		2,192,819		0.84
Global Traffic Technologies, LLC, Term Loan B* L+ 5.25%, 1.25% L Floor, 6/30/2015		3,560,206		3,545,780		3,560,206		1.36
Midwest Technical Institute, Inc., Term Loan A* L+ 8.00%, 1.50% L Floor, 10/4/2017		7,509,924		7,509,924		7,509,924		2.87
NAP Asset Holdings Ltd., Canadian Term Loan* L+ 7.00%, 1.00% L Floor, 3/22/2018		2,518,648		2,500,955		2,518,648		0.96
NAP Asset Holdings Ltd., Term Loan* L+ 7.00%, 1.00% L Floor, 3/22/2018		5,636,974		5,597,374		5,636,974		2.16
SC Academy Holdings, Inc., Term Loan⁽³⁾ 0.00%, 7/16/2016		7,760,599		5,587,631		4,066,554		1.56
Speed Commerce, Inc., Term Loan B* L+ 8.15%, 1.00% L Floor, 7/9/2019		10,500,000		10,312,182		10,312,074		3.95
Sprint Industrial Holdings, LLC, Term Loan (First Lien)* L+ 5.75%, 1.25% L Floor, 5/14/2019		7,385,492		7,336,700		7,367,028		2.82
Tecta America Corp., Term Loan* L+ 4.00%, 1.00% L Floor, 7/1/2018		4,060,030		3,880,827		3,857,028		1.48
Tecta America Corp., Revolver L+ 4.00%, 7/1/2018		148,688		147,080		141,253		0.05
Total Miscellaneous Services				73,349,901		72,087,477		27.59
Printing & Publishing
Penn Foster, Inc., Term Loan Base Rate+ 5.00%**, 3/31/2015		978,242		978,242		978,242		0.37
Total Printing & Publishing				978,242		978,242		0.37
Restaurants
Rita’s Water Ice Franchise Company, LLC, Term Loan B* L+ 12.50%, 1.50% L Floor, 11/30/2016		4,687,500		4,687,500		4,687,500		1.79
Ted’s Cafe Escondido Holdings, Inc., Term Loan A* L+ 8.00%, 1.50% L Floor, 12/31/2018		6,912,500		6,912,500		6,912,500		2.65
Total Restaurants				11,600,000		11,600,000		4.44

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

September 30, 2014 (unaudited)



Security Description	Par		Cost			Fair Value			% of Net Assets
Non-Control/Non-Affiliate Investments (continued)
Investments – United States (continued)
Debt Investments (continued)
Specialty Services
Vistronix, LLC, Term Loan* L+ 7.50%, 1.00% L Floor, 12/4/2018		10,106,250	$	10,020,959		$	10,020,903			3.83	%
Vistronix, LLC, Revolver L+ 7.50%, 1.00% L Floor, 12/4/2018		201,250		201,250			199,550			0.08
Total Specialty Services				10,222,209			10,220,453			3.91
Transportation Services
EZE Trucking, LLC, Term Loan*⁽⁵⁾ L+ 10.75% Cash, 1.00% PIK, 0.25% L Floor, 7/31/2018		10,472,251		10,182,648			10,472,247			4.01
Fleetgistics Holdings, Inc., Term Loan* L+ 5.88%, 2.00% L Floor, 3/23/2015		1,318,617		1,318,984			1,186,755			0.45
MXD Group, Inc. (fka Exel Direct Inc.), Term Loan* L+ 11.00%, 1.00% L Floor, 5/31/2018		13,387,500		13,188,821			13,387,500			5.12
Ozburn-Hessey Holding Company LLC, Term Loan B* L+ 5.50%, 1.25% L Floor, 5/23/2019		6,418,750		6,369,099			6,390,082			2.45
Raymond Express International, LLC, Term Loan* L+ 7.75%, 1.75% L Floor, 2/28/2018		3,950,406		3,922,815			4,009,662			1.53
Total Transportation Services				34,982,367			35,446,246			13.56
Total Debt Investments			$	405,188,583		$	403,259,936			154.33	%
Financial Assets
Consumer Finance Services
GLC Trust 2013-2 Consumer Loan Portfolio⁽¹⁾⁽⁴⁾⁽⁶⁾		41,228,257	$	41,228,257		$	40,711,244			15.58	%
Total Consumer Finance Services				41,228,257			40,711,244			15.58
Total Financial Assets			$	41,228,257		$	40,711,244			15.58	%
Total Non-Control/Non-Affiliate Investments			$	448,351,723		$	449,134,107			171.89	%
Unfunded Obligations
Communications
HC Cable OpCo, LLC, Revolver 0.50%, 7/17/2018		489,362		$(6,496	)		$8,411			—
Total Communications				(6,496	)		8,411			—
Electrical Equipment
AbelConn, LLC (SIE Computing), Revolver⁽²⁾ 0.50%, 7/17/2019		2,531,507		$(48,235	)		(50,630	)		(0.02	)
Total Electrical Equipment				$(48,235	)		(50,630	)		(0.02	)
Miscellaneous Manufacturing
Valterra Products Holdings, LLC, Revolver 0.50%, 5/31/2018		1,588,437		(23,279	)		26,522			0.01
Total Miscellaneous Manufacturing				(23,279	)		26,522			0.01
Miscellaneous Retail
Confluence Outdoor, LLC, Delayed Draw Term Loan⁽²⁾ 2.00%, 4/18/2019		3,328,498		(52,953	)		(52,985	)		(0.02	)
PD Products, LLC, Revolver 0.50%, 10/4/2018		1,033,627		(26,307	)		—			—
Total Miscellaneous Retail				(79,260	)		(52,985	)		(0.02	)

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

September 30, 2014 (unaudited)



Security Description	Par		Cost			Fair Value			% of Net Assets
Non-Control/Non-Affiliate Investments (continued)
Investments – United States (continued)
Unfunded Obligations (continued)
Miscellaneous Services
Dorsey School of Business Holdings, Inc., Revolver 0.50%, 6/28/2018		1,000,000	$	—		$	—			—	%
Global Traffic Technologies, LLC, Revolver 0.50%, 6/30/2015		1,458,439		(5,910	)		—			—
Midwest Technical Institute, Inc., Revolver 0.50%, 10/4/2017		1,664,249		—			—			—
Speed Commerce, Inc., Delayed Draw Term Loan⁽²⁾ 2.00%, 7/9/2019		7,875,000		(112,691	)		(112,756	)		(0.04	)
Tecta America Corp., Revolver⁽²⁾ 0.50%, 7/1/2018		6,120,300		(275,779	)		(306,015	)		(0.12	)
Total Miscellaneous Services				(394,380	)		(418,771	)		(0.16	)
Restaurants
Ted’s Cafe Escondido Holdings, Inc., Revolver 0.50%, 12/31/2018		500,000		—			—			—
Ted’s Cafe Escondido Holdings, Inc., Delayed Draw Term Loan B 0.50%, 12/31/2018		1,000,000		—			—			—
Total Restaurants				—			—			—
Specialty Services
Vistronix, LLC, Revolver⁽²⁾ 0.50%, 12/4/2018		673,750		(7,340	)		(5,690	)		—
Total Specialty Services				(7,340	)		(5,690	)		—
Transportation Services
EZE Trucking, LLC, CapEx A Loan 0.60%, 7/31/2018		1,400,000		(26,815	)		—			—
Raymond Express International, LLC, Revolver 0.50%, 2/28/2018		537,752		(3,756	)		8,066			—
Total Transportation Services				(30,571	)		8,066			—
Total Unfunded Obligations			$	(589,561	)	$	(485,077	)		(0.19	)%
Total Investments – United States			$	447,762,162		$	448,649,030			171.70	%

Denotes that all or a portion of the loan secures the loans under the CLO (see Note 7).

All references to an alternate base rate are based on the Prime Rate.

London Interbank Offered Rate.

(1)

GLC Trust 2013-2 includes 3,922 small balance consumer loans with an average par of $10,512, a weighted average adjusted rate of 15.6% and a weighted average maturity of 1/26/2018. See Note 4 for additional information.

(2)

The negative fair value is the result of the unfunded commitment being valued below par. These amounts may or may not be funded to the borrowing party now or in the future.

(3)

Investment is currently in default, not income producing and placed on non-accrual status.

(4)

Not a qualifying asset under Section 55(a) of the Investment Company Act. Under the Investment Company Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets.

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

September 30, 2014 (unaudited)

(5)

Coupon is payable in cash and/or payment-in-kind (PIK).

(6)

See exhibit 99.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2014 for detail on underlying loans.

All debt investments were income-producing as of September 30, 2014 except as noted above. Common equity and preferred equity investments are non-income-producing unless otherwise noted.

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments

December 31, 2013



Security Description	Par/Shares		Cost		Fair Value		% of Net Assets
Non-Control/Non-Affiliate Investments
Investments – United States
Common Equity
Health Services
Juniper TGX Investment Partners, LLC, Common		670,624	$	670,623	$	670,623		0.26	%
Total Health Services				670,623		670,623		0.26
Miscellaneous Manufacturing
Valterra Products Holdings, LLC, Common Class A		185,847		185,847		253,796		0.10
Valterra Products Holdings, LLC, Common Class B		20,650		20,650		28,200		0.01
Total Miscellaneous Manufacturing				206,497		281,996		0.11
Miscellaneous Retail
Provo Craft Holdings, LLC, Common		101		—		77		—
Total Miscellaneous Retail				—		77		—
Transportation Services
EZE Trucking, LLC, Common		2,678		267,801		—		—
Total Transportation Services				267,801		—		—
Total Common Equity			$	1,144,921	$	952,696		0.37	%
Preferred Equity
Consumer Finance Services
Prosper Marketplace, Series B Preferred Stock		1,000,000	$	1,000,000	$	1,000,000		0.39	%
Total Consumer Finance Services				1,000,000		1,000,000		0.39
Total Preferred Equity			$	1,000,000	$	1,000,000		0.39	%
Debt Investments
Apparel Products
Joe’s Jeans Inc., Term Loan* L+ 10.75%, 1.25% L Floor, 9/30/2018		10,500,000	$	10,300,696	$	10,300,581		4.05	%
Totes Isotoner Corporation, Delayed Draw Term Loan* L+ 5.75%, 1.50% L Floor, 7/7/2017		400,403		400,403		401,155		0.16
Totes Isotoner Corporation, Initial Term Loan (First Lien)* L+ 5.75%, 1.50% L Floor, 7/7/2017		4,817,673		4,770,707		4,826,731		1.90
Total Apparel Products				15,471,806		15,528,467		6.11
Automotive
BBB Industries LLC, Term Loan* L+ 4.25%, 1.25% L Floor, 3/27/2019		4,908,750		4,865,936		4,908,750		1.93
CTC Casting Technologies, Inc. (Compass), Term Loan* L+ 8.00%, 1.00% L Floor, 11/27/2016		7,631,064		7,574,576		7,574,523		2.98
Penda Corporation, Term Loan L+ 14.00%, 1/26/2019		7,213,936		7,081,475		7,080,998		2.79
Total Automotive				19,521,987		19,564,271		7.70
Broadcasting & Entertainment
KXLA TV 44, Inc., Term Loan* L+ 9.50%, 2.00% L Floor, 3/31/2016		8,308,905		8,370,788		8,308,905		3.27
Sesac Holdco II, LLC, Term Loan (First Lien)* L+ 4.00%, 1.00% L Floor, 2/7/2019		990,000		981,582		993,713		0.39
Sesac Holdco II, LLC, Term Loan (Second Lien)* L+ 8.75%, 1.25% L Floor, 7/12/2019		5,250,000		5,387,088		5,355,000		2.11
Total Broadcasting & Entertainment				14,739,458		14,657,618		5.77

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

December 31, 2013



Security Description	Par		Cost		Fair Value		% of Net Assets
Non-Control/Non-Affiliate Investments (continued)
Investments – United States (continued)
Debt Investments (continued)
Chemicals
Arclin US Holdings Inc., Second Lien Term Loan* L+ 6.00%, 1.75% L Floor, 1/15/2015		2,598,597	$	2,565,212	$	2,598,597		1.02	%
Total Chemicals				2,565,212		2,598,597		1.02
Communications
Aspect Software, Inc., Tranche B Term Loan* L+ 5.25%, 1.75% L Floor, 5/7/2016		7,732,307		7,711,983		7,746,844		3.05
ConvergeOne Holdings Corp, Term Loan* L+ 8.00%, 1.25% L Floor, 5/8/2019		11,248,571		11,098,514		11,103,240		4.37
HC Cable OpCo, LLC, Term Loan L+ 8.50%, 1.00% L Floor, 7/17/2018		10,983,112		10,808,591		10,808,486		4.26
Northland Cable Television, Inc., Term Loan* L+ 6.00%, 1.75% L Floor, 12/30/2016		2,821,848		2,735,409		2,821,848		1.11
Sirva Worldwide, Loan* L+ 6.25%, 1.25% L Floor, 3/27/2019		4,962,500		4,876,131		5,061,750		1.99
U.S. Telepacific Corp., Term Loan* L+ 4.50%, 1.25% L Floor, 2/23/2017		2,926,005		2,923,286		2,927,468		1.15
Total Communications				40,153,914		40,469,636		15.93
Consumer Finance Services
PlanMember Financial Corporation, Term Loan* L+ 8.50%, 1.50% L Floor, 2/14/2018		1,477,500		1,445,451		1,477,500		0.58
Total Consumer Finance Services				1,445,451		1,477,500		0.58
Electrical Equipment
Roberts-Gordon LLC, Term Loan* L+ 10.00%, 2.00% L Floor, 4/20/2016		9,440,983		9,419,121		9,469,436		3.73
Syncsort Incorporated, Term Loan* Base Rate+ 4.25%**, 3/31/2015		3,128,670		3,109,864		3,128,670		1.23
Total Electrical Equipment				12,528,985		12,598,106		4.96
Food Stores – Retail
Apple & Eve, LLC, Term Loan* L+ 12.50%, 1.25% L Floor, 12/11/2017		8,775,541		8,706,337		8,858,488		3.49
Sagittarius Restaurants LLC (Del Taco), Initial Term Loan* L+ 5.00%, 1.25% L Floor, 10/1/2018		4,642,857		4,602,863		4,642,857		1.83
Sailormen Inc. (Interfoods of America), Term Loan L+ 4.00%, 2.25% L Floor, 6/30/2017		4,212,681		3,438,365		3,412,271		1.34
Sqwincher Corporation (The), Term Loan* L+ 10.00%, 1.50% L Floor, 8/3/2016		6,773,900		6,708,178		6,813,801		2.68
Total Food Stores – Retail				23,455,743		23,727,417		9.34
Health Services
Ellman International, Inc., Term Loan L+ 7.50%, 1.50% L Floor, 2/28/2014		3,256,914		3,244,920		3,244,714		1.27
Ellman International, Inc., Revolver Base Rate + 6.50%**, 2/28/2014		794,219		810,730		810,608		0.32
eResearchTechnology, Inc., Term Loan* L+ 4.75%, 1.25% L Floor, 5/2/2018		6,435,000		6,407,882		6,443,044		2.54

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

December 31, 2013



Security Description	Par		Cost		Fair Value		% of Net Assets
Non-Control/Non-Affiliate Investments (continued)
Investments – United States (continued)
Debt Investments (continued)
Virtual Radiologic Corporation, Term Loan B* L+ 5.50%, 1.75% L Floor, 12/22/2016		4,875,000	$	4,848,997	$	2,754,375		1.08	%
SCG Capital Corporation (Radiation Therapy), Term Loan L+ 12.00%, 3/1/2017		3,227,737		3,227,737		3,227,737		1.27
Theragenics Corporation, Term Loan* L+ 10.25%, 1.25% L Floor, 10/29/2018		9,938,040		9,735,411		9,746,137		3.84
Walnut Hill Physicians’ Hospital, Construction Loan 12.50%, 3/31/2014		9,798,642		9,798,642		9,798,642		3.86
Total Health Services				38,074,319		36,025,257		14.18
Hotels and Motels
Buffalo Thunder Inc., Term Loan* L+ 3.00%, 1/1/2014		280,105		280,105		280,105		0.11
Total Hotels and Motels				280,105		280,105		0.11
Insurance Agents
Affirmative Insurance Holdings, Inc., Term Loan* L+ 7.25%, 1.25% L Floor, 3/30/2016		7,041,537		6,717,183		6,689,460		2.63
Worley Claims Services, LLC, Term Loan* L+ 11.00%, 1.50% L Floor, 7/6/2017		6,506,431		6,415,070		6,669,923		2.63
Total Insurance Agents				13,132,253		13,359,383		5.26
Machinery
Paladin Brands Holding, Inc. (IES), Initial Loan L+ 5.50%, 1.25% L Floor, 8/16/2019		797,000		797,000		790,026		0.31
Total Machinery				797,000		790,026		0.31
Metal Mining
Metal Services LLC (Phoenix), New Term Loans* L+ 5.00%, 1.00% L Floor, 6/30/2017		3,477,728		3,477,728		3,500,333		1.38
Total Metal Mining				3,477,728		3,500,333		1.38
Miscellaneous Manufacturing
Arctic Glacier USA, Inc., Term Loan (First Lien)* L+ 4.75%, 1.25% L Floor, 5/10/2019		4,701,375		4,680,410		4,713,128		1.85
Alpha Packaging Holdings, Inc., Tranche B Term Loan* L+ 4.50%, 1.25% L Floor, 9/17/2016		3,144,375		3,099,606		3,081,488		1.21
Anchor Hocking, LLC (EveryWare Global), Term Loan L+ 6.25%, 1.25% L Floor, 5/21/2020		6,965,000		6,902,191		7,069,475		2.78
AP Gaming Holdings, LLC, Term Loan B* L+ 8.25%, 1.00% L Floor, 12/20/2020		5,000,000		4,850,821		4,875,000		1.92
Axia Acquisition Corporation, Term Loan A L+ 9.00%, 2.00% L Floor, 3/12/2016		903,851		852,578		903,851		0.36
Expera Specialty Solutions, LLC, Term Loan* L+ 6.25%, 1.25% L Floor, 12/26/2018		6,965,000		6,839,118		7,034,650		2.77
Kranos Acquisition Corp., Term Loan* L+ 11.00%, 1.00% L Floor, 6/15/2017		10,000,000		9,930,942		10,145,479		3.99

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

December 31, 2013



Security Description	Par		Cost		Fair Value		% of Net Assets
Non-Control/Non-Affiliate Investments (continued)
Investments – United States (continued)
Debt Investments (continued)
Nursery Supplies, Inc., Term Loan* L+ 7.50%, 1.00% L Floor, 6/13/2018		11,356,250	$	11,305,750	$	11,520,838		4.53	%
Ranpak Corp., Second Lien Term Loan* L+ 7.25%, 1.25% L Floor, 4/23/2020		1,000,000		991,035		1,025,000		0.40
Valterra Products Holdings, LLC, Term Loan* L+ 9.00%, 1.00% L Floor, 5/31/2018		8,681,802		8,528,610		8,891,639		3.50
Total Miscellaneous Manufacturing				57,981,061		59,260,548		23.31
Miscellaneous Retail
PD Products, LLC, Term Loan* L+ 10.50%, 1.50% L Floor, 10/4/2018		10,500,000		10,300,235		10,300,120		4.05
PD Products, LLC, Revolver* L+ 10.50%, 1.50% L Floor, 10/4/2018		278,906		274,926		274,909		0.11
PSP Group, LLC, Term Loan* L+ 4.75%, 1.50% L Floor, 9/13/2016		4,410,206		4,378,877		4,388,155		1.73
Total Miscellaneous Retail				14,954,038		14,963,184		5.89
Miscellaneous Services
Attachmate Corporation, Second Lien Term Loan* L+ 9.50%, 1.50% L Floor, 11/22/2018		9,865,221		9,823,489		9,618,590		3.79
Global Traffic Technologies, LLC, Term Loan A* L+ 5.25%, 1.25% L Floor, 6/30/2015		2,962,584		2,933,395		2,962,584		1.17
Global Traffic Technologies, LLC, Term Loan B* L+ 5.25%, 1.25% L Floor, 6/30/2015		3,560,206		3,544,534		3,560,206		1.40
NAP Asset Holdings Ltd., Canadian Term Loan* L+ 7.00%, 1.00% L Floor, 3/22/2018		2,888,094		2,863,437		2,888,094		1.14
NAP Asset Holdings Ltd., Term Loan* L+ 7.00%, 1.00% L Floor, 3/22/2018		6,463,830		6,408,645		6,463,830		2.54
Sprint Industrial Holdings, LLC, Term Loan (First Lien)* L+ 5.75%, 1.25% L Floor, 5/14/2019		5,970,000		5,916,719		6,014,775		2.37
Vision Solutions, Inc., Term Loan (First Lien)* L+ 4.50%, 1.50% L Floor, 7/23/2016		7,181,084		7,138,126		7,181,084		2.82
Total Miscellaneous Services				38,628,345		38,689,163		15.23
National Security
Scitor Corporation, Term Loan* L+ 3.50%, 1.50% L Floor, 2/15/2017		6,639,773		6,631,840		6,531,876		2.57
Sirius Computer Solutions (SCS Holdings I Inc.), Term Loan* L+ 5.75%, 1.25% L Floor, 12/7/2018		3,238,462		3,211,926		3,268,717		1.29
Total National Security				9,843,766		9,800,593		3.86
Oil & Gas
Varel International Energy Funding Corp., Term Loan* L+ 7.75%, 1.50% L Floor, 7/17/2017		7,760,000		7,638,232		7,876,400		3.10
Total Oil & Gas				7,638,232		7,876,400		3.10
Printing & Publishing
Penn Foster, Inc., Term Loan* Base Rate+ 5.00%**, 3/31/2015		1,111,639		1,111,639		978,242		0.39
Playboy Enterprises, Inc., Term Loan* L+ 6.00%, 1.25% L Floor, 3/6/2017		6,050,741		6,029,173		5,929,727		2.33
Total Printing & Publishing				7,140,812		6,907,969		2.72

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

December 31, 2013



Security Description	Par		Cost		Fair Value		% of Net Assets
Non-Control/Non-Affiliate Investments (continued)
Investments – United States (continued)
Debt Investments (continued)
Restaurants
BMP/Pennant Holdings, LLC, Term Loan A* L+ 4.00% Cash, L+ 3.00% PIK, 6/27/2014		2,741,812	$	2,666,385	$	2,604,722		1.03	%
BMP/Pennant Holdings, LLC, Term Loan B L+ 6.00% Cash, L+ 5.00% PIK, 6/27/2014		614,445		598,423		460,834		0.18
Total Restaurants				3,264,808		3,065,556		1.21
Specialty Services
Vistronix, LLC, Term Loan* L+ 7.50%, 1.00% L Floor, 12/4/2018		10,446,364		10,342,421		10,342,363		4.07
SI Organization, Inc. (The), New Tranche B Term Loan* L+ 4.25%, 1.25% L Floor, 11/22/2016		4,847,243		4,813,693		4,750,297		1.86
Total Specialty Services				15,156,114		15,092,660		5.93
Textile Products
Universal Fiber Systems, LLC, Term Loan* L+ 5.75%, 1.75% L Floor, 6/26/2015		3,875,000		3,862,146		3,875,000		1.53
Total Textile Products				3,862,146		3,875,000		1.53
Transportation Services
EZE Trucking, LLC, Term Loan* L+ 9.75%, 7/31/2018		10,425,000		10,186,355		10,186,213		4.02
Fleetgistics Holdings, Inc., Term Loan* L+ 5.88%, 2.00% L Floor, 3/23/2015		1,640,359		1,641,545		1,600,990		0.63
MXD Group, Inc. (fka Exel Direct Inc.), Term Loan* L+ 11.00%, 1.00% L Floor, 5/31/2018		13,912,500		13,664,020		13,666,860		5.38
Ozburn-Hessey Holding Company LLC, Term Loan B* L+ 5.50%, 1.25% L Floor, 5/23/2019		6,467,500		6,409,408		6,483,103		2.55
Raymond Express International, LLC, Term Loan* L+ 7.75%, 1.75% L Floor, 2/28/2018		4,463,343		4,425,340		4,530,293		1.78
Stafford Logistics, Inc., Term Loan* L+ 5.50%, 1.25% L Floor, 6/26/2019		3,833,799		3,797,026		3,833,799		1.51
State Class Tankers II LLC, Term Loan L+ 5.50%, 1.25% L Floor, 6/20/2020		5,000,000		5,001,911		5,075,000		2.00
Total Transportation Services				45,125,605		45,376,258		17.87
Wholesale Durable Goods
Howard Berger Co. LLC, Term A Loan* L+ 5.75%, 1.25% L Floor, 8/3/2017		1,875,961		1,855,793		1,782,163		0.70
Total Wholesale Durable Goods				1,855,793		1,782,163		0.70
Total Debt Investments			$	391,094,681	$	391,226,210		154.00	%
Financial Assets
Consumer Finance Services
GLC Trust 2013-2 Consumer Loan Pool⁽¹⁾		16,698,585	$	16,698,585	$	16,888,126		6.65	%
Total Consumer Finance Services				16,698,585		16,888,126		6.65
Total Financial Assets			$	16,698,585	$	16,888,126		6.65	%
Total Non-Control/Non-Affiliate Investments			$	409,938,187	$	410,107,032		161.41	%

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

December 31, 2013



Security Description	Par/Shares		Cost			Fair Value			% of Net Assets
Non-Control/Non-Affiliate Investments (continued)
Investments – United States (continued)
Unfunded Obligations
Communications
HC Cable OpCo, LLC, Revolver⁽²⁾ 0.50%, 7/17/2018		489,362	$	(7,776	)	$	(7,781	)		—	%
Total Communications				(7,776	)		(7,781	)		—
Health Services
Ellman International, Inc., Revolver⁽²⁾ 0.50%, 2/28/2014		1,191,328		(23,823	)		(23,827	)		(0.01	)
Total Health Services				(23,823	)		(23,827	)		(0.01	)
Miscellaneous Manufacturing
CTC Casting Technologies, Inc. (Compass), Delayed Draw Term Loan*⁽²⁾ 0.00%, 11/27/2016		265,049		(1,962	)		(1,964	)		—
Valterra Products Holdings, LLC, Revolver⁽²⁾ 0.50%, 5/31/2018		1,588,437		(28,028	)		38,392			0.01
Total Miscellaneous Manufacturing				(29,990	)		36,428			0.01
Miscellaneous Retail
PD Products, LLC, Revolver⁽²⁾ 0.50%, 10/4/2018		1,361,719		(27,233	)		(27,234	)		(0.01	)
Total Miscellaneous Retail				(27,233	)		(27,234	)		(0.01	)
Miscellaneous Services
Global Traffic Technologies, LLC, Revolver⁽²⁾ 0.50%, 6/30/2015		1,458,439		(6,420	)		—			—
Total Miscellaneous Services				(6,420	)		—			—
Specialty Services
Vistronix, LLC, Revolver*⁽²⁾ 0.50%, 12/4/2018		870,530		(8,662	)		(8,667	)		—
Total Specialty Services				(8,662	)		(8,667	)		—
Transportation Services
EZE Trucking, LLC, CapEx A Loan⁽²⁾ 0.60%, 7/31/2018		1,400,000		(32,048	)		(32,067	)		(0.01	)
Raymond Express International, LLC, Revolver⁽²⁾ 0.50%, 2/28/2018		537,752		(4,579	)		8,066			—
Total Transportation Services				(36,627	)		(24,001	)		(0.01	)
Total Unfunded Obligations			$	(140,531	)	$	(55,082	)		(0.02	)%
Common Equity
Oil & Gas
Anchor Drilling Fluids USA, Inc., Common		959	$	2,038,456		$	2,137,779			0.84	%
Total Oil & Gas				2,038,456			2,137,779			0.84
Total Common Equity			$	2,038,456		$	2,137,779			0.84	%
Preferred Equity
Oil & Gas
Anchor Drilling Fluids USA, Inc., Preferred, 10.00% PIK		1,723	$	2,721,574		$	4,453,182			1.75	%
Total Oil & Gas				2,721,574			4,453,182			1.75
Total Preferred Equity			$	2,721,574		$	4,453,182			1.75	%

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

December 31, 2013



Security Description	Par/Shares		Cost		Fair Value		% of Net Assets
Non-Control/Non-Affiliate Investments (continued)
Investments – United States (continued)
Debt Investments
Oil & Gas
Anchor Drilling Fluids USA, Inc., Term Loan B L+ 9.25%, 2.00% L Floor, 3/5/2014		12,438,568	$	12,430,765	$	12,438,568		4.90	%
Total Oil & Gas				12,430,765		12,438,568		4.90
Total Debt Investments			$	12,430,765	$	12,438,568		4.90	%
Total Affiliate Investments			$	17,190,795	$	19,029,529		7.49	%
Total Investments – United States			$	426,988,451	$	429,081,479		168.88	%

Denotes that all or a portion of the loan secures the loans under the $350.0 million collateralized loan obligation completed on September 25, 2013 (the “CLO”).

Reference to an alternate base rate is commonly based on the Prime Rate.

(1)

GLC Trust 2013-2 includes 1,609 small balance consumer loans with an average par of $10,408, a weighted average adjusted rate of 16.8% and a weighted average maturity of 9/23/2017. As of December 31, 2013, the Company had an outstanding commitment to purchase an additional $524,000 of loans. See Note 4 for additional information.

(2)

The negative fair value is the result of the unfunded commitment being valued below par. These amounts may or may not be funded to the borrowing party now or in the future.

All debt and preferred equity investments were income-producing as of December 31, 2013. Common equity investments are non-income-producing unless otherwise noted.

See accompanying notes to consolidated financial statements.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Consolidated Statements of Operations (unaudited)

For the three and nine months ended September 30, 2014 and September 30, 2013



	Three months ended September 30, 2014			Three months ended September 30, 2013			Nine months ended September 30, 2014			Nine months ended September 30, 2013
Investment income
Interest income
Non-Control/Non-Affiliate investments	$	12,943,931		$	9,337,744		$	36,225,519		$	22,422,333
Affiliate investments		—			—			462,080			—
Dividend Income		—			—
Non-Control/Non-Affiliate investments		—			—			—			—
Affiliate investments		—			—			385,765			—
Total investment income		12,943,931			9,337,744			37,073,364			22,422,333
Expenses
Interest		1,870,538			1,898,139			5,227,203			4,900,895
Loss on refinancing of GLC Trust 2013-2 revolver⁽¹⁾		242,643			—			242,643			—
Loss on refinancing of senior secured notes⁽¹⁾		—			426,714			—			426,714
Management fee		2,023,518			1,863,177			5,997,377			4,408,507
Incentive fee		1,270,008			—			7,065,897			—
Professional fees		254,742			355,522			915,305			963,893
Directors’ fees		95,554			100,000			282,805			268,680
Administrator expenses		164,654			217,743			568,289			587,766
Other expenses		625,150			425,304			1,509,578			816,079
Total expenses		6,546,807			5,286,599			21,809,097			12,372,534
Base management fee waived		—			(1,863,177	)		—			(3,815,756	)
Directors’ fees waived		—			—			—			(34,426	)
Administrator expenses waived		—			—			—			(101,197	)
Net expenses		6,546,807			3,423,422			21,809,097			8,421,155
Net investment income before excise taxes		6,397,124			5,914,322			15,264,267			14,001,178
Excise tax expense		(136,000	)		—			(136,000	)		—
Net investment income		6,261,124			5,914,322			15,128,267			14,001,178
Realized and unrealized gain/(loss) on investments
Net realized gain/(loss) from investments
Non-Control/Non-Affiliate investments		821,994			(5,689,915	)		2,392,109			(11,041,153	)
Affiliate investments		375,647						8,501,681
Net change in unrealized gain/(loss) from investments
Non-Control/Non-Affiliate investments		(2,377,915	)		6,528,917			632,574			13,866,761
Affiliate investments		—						(1,838,734	)
Net realized and unrealized gain/(loss) on investments		(1,180,274	)		839,002			9,687,630			2,825,608
Net increase in net assets resulting from operations	$	5,080,850		$	6,753,324		$	24,815,897		$	16,826,786
Net investment income per common share	$	0.37		$	0.35		$	0.90		$	0.95
Net increase in net assets resulting from operations per common share	$	0.30		$	0.40		$	1.48		$	1.15
Basic weighted average common shares outstanding		16,758,779			16,758,779			16,758,779			14,672,034
Dividends and distributions declared per common share⁽²⁾	$	0.35		$	0.35		$	1.05		$	1.64

(1)

See Note 7.

(2)

Calculated using basic weighted average common shares outstanding.

See accompanying notes to consolidated financial statements.

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Garrison Capital Inc. and Subsidiaries

Consolidated Statements of Changes in Net Assets (unaudited)

For the nine months ended September 30, 2014 and September 30, 2013


	September 30, 2014			September 30, 2013
Increase in net assets from operations:
Net investment income	$	15,128,267		$	14,001,178
Net realized gain/(loss) from investments		10,893,790			(11,041,153	)
Net change in unrealized appreciation/(depreciation) on investments		(1,206,160	)		13,866,761
Net increase in net assets/members’ capital from operations:		24,815,897			16,826,786
Dividends and distributions to stockholders:
Return of capital – Distributions-in-kind⁽¹⁾		—			(9,991,329	)
Distributions to stockholders⁽²⁾		(17,596,718	)		(14,131,146	)
Total dividends and distributions to stockholders		(17,596,718	)		(24,122,475	)
Common share transactions⁽³⁾
Issuance of common stock, net of underwriting costs		—			87,463,519
Offering costs		—			(564,140	)
Net increase in net assets/members’ capital from common share transactions:		—			86,899,379
Total increase in net assets		7,219,179			79,603,690
Net assets at beginning of period		254,080,598			173,669,492
Undistributed net investment income included in net assets	$	(2,468,451	)	$	(5,972,272	)
Net assets at end of period	$	261,299,777		$	253,273,182
Net asset value per common share	$	15.59		$	15.11
Common shares outstanding at end of period⁽³⁾		16,758,779			16,758,779

(1)

Distributions-in-kind were made to only those investors who held shares of the Company’s common stock prior to the IPO.

(2)

Dividends from net investment income and distributions from net realized capital gains are determined in accordance with U.S. Federal income tax regulations, which may differ from those amounts determined in accordance with U.S. GAAP.

(3)

Adjusted for Reverse Stock Split. See Note 1 for further information on these transactions.

See accompanying notes to consolidated financial statements.

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Garrison Capital Inc. and Subsidiaries

Consolidated Statements of Cash Flows (unaudited)

For the nine months ended September 30, 2014 and September 30, 2013


	September 30, 2014			September 30, 2013
Cash flows from operating activities
Net increase in net assets resulting from operations	$	24,815,897		$	16,826,786
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:
Net accretion of discounts on investments		(1,420,638	)		(1,120,020	)
Net realized (gain)/loss from investments		(10,893,790	)		11,041,153
Amortization of discount on senior secured notes payable		95,199			—
Loss on refinancing of GLC Trust 2013-2 revolving note		242,643			—
Loss on refinancing of senior secured notes		—			426,714
Amortization of deferred debt issuance costs		525,212			774,996
Net change in unrealized depreciation/(appreciation) on investments		1,206,160			(13,866,761	)
Paid-in-kind interest		(533,151	)		—
Purchases of investments		(325,007,250	)		(344,138,532	)
Paydowns of investments		225,714,640			100,032,951
Sales of investments		91,366,477			47,041,620
Changes in operating assets and liabilities:
Decrease in cash and cash equivalents, restricted		12,504,471			39,122,051
Decrease (Increase) in due from counterparties		4,953,557			(4,761	)
(Increase) in accrued interest receivable		(1,418,059	)		(783,394	)
(Increase) in deferred offering costs		(314,018	)		—
(Increase) in other assets		(282,290	)		(673,305	)
(Decrease) in due to counterparties		(2,743,797	)		(5,452,446	)
Increase in payables to affiliates		3,604,813			226,864
(Decrease) in interest payable on notes payable		(838,142	)		(423,038	)
(Decrease) in accrued expenses and other payables		(109,067	)		(108,288	)
Net cash provided by (used in) operating activities		21,468,867			(151,077,410	)
Cash flows from financing activities
Capital contributions		—			87,463,519
Distributions paid to stockholders		(17,596,718	)		(14,131,146	)
Deferred offering costs		—			(564,140	)
Payments for financing		(467,918	)		(3,008,822	)
Repayment of senior secured revolving note		(16,000,000	)		—
Repayment of GLC Trust 2013-2 revolving note		(9,741,676	)		—
Net proceeeds from GLC Trust 2013-2 notes		34,245,101			—
Proceeds from borrowing on term note		—			12,748,370
Proceeds from borrowing on revolving note		—			50,000,000
Net cash (used in) provided by financing activities		(9,561,211	)		132,507,781
Net increase (decrease) in cash and cash equivalents		11,907,656			(18,569,629	)
Cash and cash equivalents at beginning of period		13,664,583			21,680,791
Cash and cash equivalents at end of period	$	25,572,239		$	3,111,162
Supplemental disclosure of cash flow information
Cash paid for interest expense	$	5,475,121		$	4,549,104

Supplemental disclosure of non-cash information

On February 25, 2013, our board of directors approved a distribution-in-kind, or the Distribution-in-Kind, in the amount of $9,991,329 or $0.95 per share. Assets distributed were Next Generation Vending, LLC, Priority Revolving Loan in the amount of $2,000,000, Next Generation Vending, LLC, Revolver in the amount of $750,000, Next Generation Vending, LLC, Term Loan in the amount of $6,840,000 and $401,329 of accrued interest.

See accompanying notes to consolidated financial statements.

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Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

1. Organization

Garrison Capital Inc. (“GARS” and, collectively with its subsidiaries, the “Company”, “we” or “our”) is a Delaware corporation and is an externally managed, closed-end, non-diversified management investment company. GARS has filed an election to be treated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). In addition, for tax purposes, GARS has elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), for the period beginning October 9, 2012 and intends to qualify annually thereafter.

Garrison Capital LLC, a Delaware limited liability company, commenced operations on December 17, 2010. On October 9, 2012, Garrison Capital LLC converted from a Delaware limited liability company to a Delaware corporation (the “Conversion”). In this Conversion, Garrison Capital Inc. succeeded to the business of Garrison Capital LLC and its subsidiaries, and the members of Garrison Capital LLC became stockholders of GARS. An aggregate of 10,707,221 shares of common stock, par value $0.001 per share, were issued to the members of GARS in this Conversion in accordance with their respective pro-rata membership interests in Garrison Capital LLC. As a result of a reverse stock split on February 25, 2013, which resulted in the conversion of one share of common stock into 0.9805106 shares of common stock (the “Reverse Stock Split”), all amounts related to shares/units, share/unit prices, earnings per share/per unit and distributions per share/unit have been retroactively restated for all periods presented. As a result, the 10,707,221 shares of common shares issued in the Conversion have been retroactively restated to 10,498,544.

GARS priced its initial public offering (“IPO”) on March 26, 2013, which closed on April 2, 2013, selling 6,133,334 shares, including 800,000 shares issued pursuant to the underwriters’ over-allotment option, at a public offering price of $15.00 per share. Concurrent with the closing of the IPO, the Company’s directors, officers, employees and an affiliate of Garrison Capital Advisers LLC, a Delaware limited liability company (the “Investment Adviser”), purchased an additional 126,901 shares through a private placement transaction (the “Concurrent Private Placement”) exempt from registration under the Securities Act of 1933, as amended, at a price of $15.00 per share. GARS’ shares trade on the NASDAQ Global Select Market, or NASDAQ, under the symbol “GARS”.

The Company invests or provides direct lending in (1) first lien senior secured loans, (2) second lien senior secured loans, (3) “one-stop” senior secured loans or “unitranche” loans, (4) subordinated or mezzanine loans, (5) unsecured consumer loans and (6) to a lesser extent, selected equity co-investments in middle-market companies. The term “one-stop” or “unitranche” refers to a loan that combines characteristics of traditional first lien senior secured loans and second lien or subordinated loans. The term “mezzanine” refers to a loan that ranks senior only to a borrower’s equity securities and ranks junior in right of payment to all of such borrower’s other indebtedness. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in secured loans to middle-market companies and minority equity investments in middle-market companies. The Company intends to generate risk-adjusted net returns by assembling a broad portfolio of investments.

The Company’s business and affairs are managed and controlled by the Company’s board of directors (the “Board”), of which a majority of the members are independent of the Company, and the Investment Adviser and its affiliates.

On April 19, 2012, GARS formed Garrison Funding 2012-1 Manager LLC, a Delaware limited liability company (“GF 2012-1 Manager”). This entity is a wholly owned consolidated subsidiary of GARS created for the purpose of acquiring and holding an investment in Garrison Funding 2012-1 LLC, a Delaware limited liability company (“GF 2012-1”). On September 23, 2013, in anticipation of refinancing the credit facility of GF 2012-1, GF 2012-1 Manager effectuated a name change to Garrison Funding 2013-2 Manager LLC (“GF 2013-2 Manager”).

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

1. Organization – (continued)

On April 19, 2012, GARS formed GF 2012-1 LLC for the purpose of acquiring or participating in U.S. dollar-denominated senior secured or second lien corporate loans and to acquire up to $150.0 million in financing.

On May 21, 2012, GF 2012-1 entered into a $150.0 million credit facility (the “Credit Facility”), consisting of $125.0 million of term loans (“Class A-T Loans”) and $25.0 million of revolving loans (“Class A-R Loans”), which was utilized to refinance the GF 2010-1 Notes (as defined in Note 7).

On May 17, 2013, GARS formed GLC Trust 2013-2, a Delaware statutory trust (“GLC Trust 2013-2”). This entity is a wholly owned subsidiary of GARS created for the purpose of investing in a portfolio of small balance consumer loans. GLC Trust 2013-2 is 100% owned by GARS. GLC Trust 2013-2 closed on a $10.0 million revolving facility with Capital One Bank, N.A. on December 6, 2013 (“GLC Trust 2013-2 Revolver”). The GLC Trust 2013-2 Revolver includes an accordion feature, such that GLC Trust 2013-2 was permitted to increase the total commitment up to $15.0 million under the terms of the loan agreement. GARS exercised this option on December 20, 2013.

On July 24, 2013, GARS formed Garrison Funding 2013-2 Ltd. (“GF 2013-2”), a Cayman Islands exempted company, for the purpose of refinancing the Credit Facility. On September 25, 2013 (the “Refinancing Date”), under Part XVI of the Cayman Islands Companies Law (2012 Revision), GF 2013-2 and GF 2012-1 merged with GF 2013-2 remaining as the surviving entity (the “Merger”). On the effective date of the Merger, all of the rights, the property, and the business, undertaking, goodwill, benefits, immunities and privileges of each individual company immediately vested in the surviving company.

On the Refinancing Date, GF 2013-2 completed a $350.0 million collateralized loan obligation (the “CLO”) through a private placement, the proceeds of which were utilized, along with cash on hand, to refinance the existing Credit Facility (see Note 7). Immediately following the completion of the CLO, GF 2013-2 Manager owned 100% of the Subordinated Notes (as defined below). GF 2013-2 Manager serves as collateral manager to GF 2013-2 and has entered into a sub-collateral management agreement with the Investment Adviser.

On July 11, 2014, GARS increased the GLC Trust 2013-2 Revolver total commitment by $15.0 million, for a total commitment of $30.0 million. On July 18, 2014, GARS completed a $39.2 million term debt securitization (“GLC Trust 2013-2 Notes”) collateralized by the GLC Trust 2013-2 consumer loan portfolio, to refinance the GLC Trust 2013-2 Revolver (see Note 7).

On August 15, 2013, Walnut Hill II LLC was formed for the purpose of holding a first lien equipment loan. Walnut Hill II LLC is 100% owned by GARS.

On July 7, 2014, Forest Park II LLC was formed for the purpose of holding first lien equipment loans. Forest Park II LLC is 100% owned by GARS.

GARS will periodically form limited liability companies for the purpose of holding minority equity investments (the “GARS Equity Holdings Entities”). GARS intends to form a new GARS Equity Holding Entity for each minority equity investment in order to provide specific tax treatment for individual investments. The GARS Equity Holdings Entities are 100% owned by GARS.

American Stock Transfer & Trust Company, LLC (“AST”) serves as the transfer and dividend paying agent and registrar.

GARS entered into a custody agreement, which was effective as of October 9, 2012 (the “Custody Agreement”), with Deutsche Bank Trust Company Americas (the “Custodian”) to act as custodian for GARS. Deutsche Bank Trust Company Americas is also the trustee of GF 2013-2.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

1. Organization – (continued)

GARS entered into an administration agreement, which was effective as of October 9, 2012 (the “Administration Agreement”), with Garrison Capital Administrator LLC, a Delaware limited liability company (the “GARS Administrator”).

SEI Investments Global Fund Services, Inc. (the “Sub-Administrator”) was the Company’s sub-administrator through September 30, 2013. The Sub-Administrator performed certain accounting and administrative services for the Company and received a monthly fee from the Company equal to a percentage of the total net assets of the Company. The Sub-Administrator was also reimbursed by the Company for all reasonable out-of-pocket expenses.

GARS entered into an investment advisory agreement with the Investment Adviser, which was effective as of October 9, 2012 and subsequently amended and restated on May 6, 2014 (the “Investment Advisory Agreement”). The Investment Adviser is responsible for sourcing potential investments, conducting research and diligence on prospective investments and equity sponsors, analyzing investment opportunities, structuring our investments and monitoring our investments and portfolio companies on an ongoing basis subject to the supervision of the Board. The Investment Adviser was organized in November 2010 and is a registered Investment Adviser under the Investment Advisers Act of 1940, as amended. The Investment Adviser is an affiliate of Garrison Investment Group LP, which is also the investment manager of various stockholders of the Company.

GLC Trust 2013-2 has entered into agreements with Prosper Funding LLC, U.S. Bank National Association, Wilmington Trust, National Association and Manufacturers and Traders Trust Company to act as servicer, securities administrator, indenture trustee and custodian, respectively, for GLC Trust 2013-2.

2. Significant Accounting Policies and Recent Updates

Basis of Presentation

The accompanying interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for financial information. Accordingly, certain disclosures accompanying annual consolidated financial statements prepared in accordance with U.S. GAAP are omitted. The Company believes it has made all necessary adjustments so that the consolidated interim financial statements are presented fairly and that all such adjustments are of a normal recurring nature. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. The accounts of the subsidiaries are prepared for the same reporting period as the Company using consistent accounting policies. Certain reclassifications have been made for previous periods in order to conform to the current period’s presentation.

Basis for Consolidation

Under the investment company rules and regulations pursuant to the American Institute of Certified Public Accountants Audit and Accounting Guide for Investment Companies, codified in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial Services — Investment Companies, the Company is precluded from consolidating any entity other than another investment company.

The Company generally consolidates any investment company when it owns 100% of its partners’ or members’ capital or equity units. ASC 946 provides for the consolidation of a controlled operating company that provides substantially all of its services to the investment company or its consolidated subsidiaries.

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Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

GF 2013-2 Manager owns a 100% interest in GF 2013-2, which is an investment company for accounting purposes, and also provides collateral management services solely to GF 2013-2. As such, GARS has consolidated the accounts of these entities into these consolidated financial statements. As a result of this consolidation, the amounts outstanding under the CLO are treated as the Company’s indebtedness.

The GARS Equity Holdings Entities, Walnut Hill II LLC, Forest Park II LLC and GLC Trust 2013-2 are 100% owned investment companies for accounting purposes. As such, GARS has consolidated the accounts of these entities into these consolidated financial statements. As a result of this consolidation, the amounts outstanding under the GLC Trust 2013-2 Notes are treated as the Company’s indebtedness.

Investment Classification

As required by the 1940 Act, investments are classified by level of control. “Control Investments” are investments in those companies that the Company is deemed to control as defined in the 1940 Act. “Affiliate Investments” are investments in those companies that are affiliated companies, as defined in the 1940 Act, other than Control Investments. “Non-Control/Non-Affiliate Investments” are those that are neither Control Investments nor Affiliate Investments.

Generally, under the 1940 Act, the Company is deemed to control a company in which it has invested if it owns more than 25% of the voting securities of such company. The Company is deemed to be an affiliate of a company in which it has invested if it owns 5% or more of the voting securities of such company.

As of September 30, 2014, $448,649,030 of the Company’s investments were Non-Control/Non-Affiliate investments and $0 were Affiliate investments, and as of December 31, 2013, $410,051,950 of the Company’s investments were Non-Control/Non-Affiliate investments and $19,029,529 were Affiliate investments.

Use of Estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts and disclosures in the consolidated financial statements, including the estimated fair values of investments and the amount of income and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company defines cash equivalents as highly liquid financial instruments with original maturities of three months or less including those held in overnight sweep bank deposit accounts. At September 30, 2014 and December 31, 2013, cash held in designated bank accounts with its custodian was $20,822,527 and $11,277,605, respectively. At September 30, 2014 and December 31, 2013, cash held in designated bank accounts with other major financial institutions was $4,749,712 and $2,386,978, respectively. At times, these balances may exceed federally insured limits and this potentially subjects the Company to a concentration of credit risk. The Company believes it is not exposed to any significant credit risk associated with its cash custodian. At September 30, 2014 and December 31, 2013, there were no cash equivalents.

Cash and Cash Equivalents, Restricted

Cash and cash equivalents, restricted at September 30, 2014 and December 31, 2013 included cash of $13,632,488 and $27,351,608, respectively, held by GF 2013-2 in designated bank accounts with its Custodian. GF 2013-2 is required to use a portion of these amounts to pay interest expense, reduce borrowings at the end of the investment period and to pay other amounts in accordance with the terms of the indenture of the CLO. Funds held by GF 2013-2 are not available for general use by the Company. Cash and cash equivalents, restricted at September 30, 2014 and December 31, 2013 also included cash of $1,827,548 and $612,899, respectively, held by GLC Trust 2013-2 in designated restricted bank accounts. GLC Trust

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

2013-2 is required to use a portion of these amounts to make principal payments and pay interest expense in accordance with the terms of the indenture governing the GLC Trust 2013-2 Notes.

There were no cash equivalents, restricted held as of September 30, 2014 and December 31, 2013.

Investment Transactions and Related Investment Income and Expense

The Company records its investment transactions on a trade date basis, which is the date when management has determined that all material legal terms have been contractually defined for the transactions. These transactions could possibly settle on a subsequent date depending on the transaction type. All related revenue and expenses attributable to these transactions are reflected on the consolidated statements of operations commencing on the trade date unless otherwise specified by the transaction documents. Realized gains and losses on investment transactions are recorded using the specific-identification method.

The Company accrues interest income if it expects that ultimately it will be able to collect such income. Generally, when a payment default occurs on a loan in the portfolio, or if management otherwise believes that the issuer of the loan will not be able to make contractual interest payments or principal payments, the Investment Adviser will place the loan on non-accrual status and will cease recognizing interest income on that loan until all principal and interest is current through payment or until a restructuring occurs, such that the interest income is deemed to be collectible. However, the Company remains contractually entitled to this interest.

The Company may make exceptions to this policy if the loan has sufficient collateral value and is in the process of collection. Accrued interest is written off when it becomes probable that the interest will not be collected and the amount of uncollectible interest can be reasonably estimated. For consumer loans, any loan which is 120 days past due is considered defaulted and 100% of the principal is charged off with no expected recovery or sale of defaulted receivables. For the three and nine months ended September 30, 2014, the Company had recognized $322,313 and $627,772, respectively, in charge offs in realized losses from investments for consumer loans held by GLC Trust 2013-2, and had one investment placed on non-accrual status. As of December 31, 2013, there were no loans placed on non-accrual status.

Any original issue discounts, as well as any other purchase discounts or premiums on debt investments, are accreted or amortized and included in interest income, over the maturity periods of the investments. If a loan is placed on non-accrual status, the Company will cease recognizing amortization of purchase discount until all principal and interest is current through payment or until a restructuring occurs, such that the income is deemed to be collectible.

Dividend income on preferred equity securities is recorded as dividend income on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected.

Interest Expense

Interest expense is recorded on an accrual basis and is adjusted for amortization of deferred debt issuance costs and any original issue discount.

Expenses

Expenses related to, but not limited to, ratings fees, due diligence, valuation expenses and independent collateral appraisals may arise when the Company makes certain investments. These expenses are recognized as incurred in the consolidated statements of operations within ratings fees and other expenses.

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Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

Loan Origination, Facility, Commitment and Amendment Fees

The Company may receive loan origination, prepayment, facility, commitment, and amendment fees in addition to interest income during the life of the investment. The Company may receive origination fees upon the origination of an investment.

Origination fees received by the Company are initially deferred and reduced from the cost basis of the investment and subsequently accreted into interest income over the remaining stated term of the loan. Upon the prepayment of a loan or debt security, any unamortized loan origination fees are recorded as interest income. We record prepayment premiums on loans and debt securities as interest income when we receive such amounts. Facility fees, sometimes referred to as asset management fees, are accrued as a percentage periodic fee on the base amount (either the funded facility amount or the committed principal amount). Commitment fees are based upon the undrawn portion committed by the Company and are accrued over the life of the loan.

Amendment fees are paid in connection with loan amendments and waivers and are recognized upon completion of the amendments or waivers, generally when such fees are receivable. Any such fees are included in interest income on the consolidated statements of operations. For the three months ended September 30, 2014 and September 30, 2013, other income in the amount of $935,040 and $45,414, respectively, was included in interest income. For the nine months ended September 30, 2014 and September 30, 2013, other income in the amount of $2,236,190 and $446,744, respectively, was included in interest income.

Valuation of Investments

The Company values its investments in accordance with FASB ASC Topic 820, Fair Value Measurements and Disclosures. ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosures about assets and liabilities measured at fair value.

ASC 820’s definition of fair value focuses on exit price in the principal, or most advantageous, market and prioritizes the use of market-based inputs over entity-specific inputs within a measurement of fair value.

The Company’s portfolio consists of primarily debt investments and unsecured consumer loans. The fair value of the Company’s investments is initially determined by investment professionals of the Investment Adviser and ultimately determined by the Board on a quarterly basis.

In valuing the Company’s debt investments, the Investment Adviser generally uses various approaches, including, but not limited to, proprietary models that consider the analyses of independent valuation agents as well as credit risk, liquidity, market credit spreads, other applicable factors for similar transactions, bid quotations obtained from other financial institutions that trade in similar investments or based on bid prices provided by independent third party pricing services.

The types of factors that the Board may take into account when reviewing the fair value initially derived by the Investment Adviser and determining the fair value of the Company’s debt investments generally include, as appropriate, comparison to publicly traded securities, including such factors as yield, maturity and measures of credit quality, the enterprise value of a portfolio company, the nature and realizable value of any collateral, the portfolio company’s ability to make payments and its earnings and discounted cash flow, the markets in which the portfolio company does business and other relevant factors.

In valuing the Company’s unsecured consumer loans, the Investment Adviser generally uses a discounted cash flow methodology based upon a set of assumptions. The primary assumptions used to value the unsecured consumer loans include prepayment and default rates derived from historical performance, actual performance as compared to historical projections and discount rate.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

The types of factors that the Board may take into account when reviewing the fair value initially derived by the Investment Adviser and determining the fair value of the Company’s consumer loan investments generally include, as appropriate, prepayment and default rates derived from historical performance, actual performance as compared to historical projections and discount rates.

The Board has retained several independent valuation firms to review the valuation of each portfolio investment that does not have a readily available market quotation at least once during each 12-month period. To the extent a security is reviewed in a particular quarter, it is reviewed and valued by only one service provider.

However, the Board does not intend to have de minimis investments of less than 0.5% of the Company’s total assets (up to an aggregate of 10.0% of the Company’s total assets) independently reviewed.

The Board is ultimately and solely responsible for determining the fair value of the Company’s assets using a documented valuation policy and consistently applied valuation process.

Due to the nature of the Company’s strategy, the Company’s portfolio is primarily comprised of relatively illiquid investments that are privately held. Inputs into the determination of fair value of the Company’s portfolio investments require significant management judgment or estimation. This means that the Company’s portfolio valuations are based on unobservable inputs and the Investment Adviser’s own assumptions about how market participants would price the asset or liability in question. Valuations of privately held investments are inherently uncertain and they may fluctuate over short periods of time and may be based on estimates. The determination of fair value by the Board may differ materially from the values that would have been used if a ready market for these investments existed.

The valuation process is conducted at the end of each fiscal quarter, with a portion of the Company’s valuations of portfolio companies without market quotations subject to review by the independent valuation firms each quarter. When an external event with respect to one of the Company’s portfolio companies, such as a purchase transaction, public offering or subsequent equity sale occurs, we expect to use the pricing indicated by the external event to corroborate our valuation.

With respect to investments for which market quotations are not readily available, our Board will undertake a multi-step valuation process each quarter, as described below:

•

The Company’s quarterly valuation process begins with each portfolio company or investment being initially valued by investment professionals of the Investment Adviser responsible for credit monitoring.

•

Preliminary valuation conclusions are then documented and discussed with our senior management and the Investment Adviser.

•

The valuation committee of the Board reviews these preliminary valuations.

•

At least once annually, the valuation for each portfolio investment that does not have a readily available quotation is reviewed by an independent valuation firm, subject to the de minimis exception described above.

•

The Board discusses valuations and determines the fair value of each investment in the Company’s portfolio in good faith.

Net assets could be materially affected if the determinations regarding the fair value of the investments were materially higher or lower than the values that are ultimately realized upon the disposal of such investments.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

Offering Costs

Deferred offering costs consist of fees paid in relation to legal, accounting, regulatory and printing work completed in preparation of equity or debt offerings and are charged against proceeds from the offerings when received. As of September 30, 2014, $314,018 of expenses associated with the shelf registration statement initially filed on April 3, 2014 (“Registration Statement”) were deferred and included in deferred offering costs. These amounts will be charged against proceeds from offerings of securities when received.

Dividends and Distributions

Dividends and distributions to common stockholders are recorded on the ex-dividend date. The amount to be paid out as a dividend or distribution is determined by the Board each quarter and is generally based upon the earnings estimated by management. Net realized capital gains, if any, are distributed at least annually, although the Company may decide to retain such capital gains for investment.

The Company adopted a dividend reinvestment plan that provides for reinvestment of our dividends and other distributions on behalf of our stockholders, unless a stockholder elects to receive cash as provided below. As a result, if the Board authorizes, and we declare, a cash dividend or other distribution, then our stockholders who have not ‘opted out’ of our dividend reinvestment plan will have their cash distribution automatically reinvested in additional shares of our common stock acquired by AST through open-market purchases, rather than receiving the cash distribution. As of September 30, 2014, no new shares have been issued to fulfill the dividend reinvestment plan.

No action is required on the part of a registered stockholder to have its cash dividend or other distribution reinvested in shares of our common stock. A registered stockholder may elect to receive an entire distribution in cash by notifying AST in writing so that such notice is received by AST no later than the record date for distributions to stockholders. AST will set up an account for shares acquired through the plan for each stockholder who has not elected to receive dividends or other distributions in cash and hold such shares in non-certificated form. Upon request by a stockholder participating in the plan, received in writing not less than 10 days prior to the record date, AST will, instead of crediting shares to the participant’s account, issue a certificate registered in the participant’s name for the number of whole shares of our common stock and a check for any fractional share.

Those stockholders whose shares are held by a broker or other financial intermediary may receive dividends and other distributions in cash by notifying their broker or other financial intermediary of their election.

Income Taxes

Prior to the Conversion, Garrison Capital LLC was treated as a partnership for U.S. federal, state and local income tax purposes and, therefore, no provision has been made in the accompanying consolidated financial statements for federal, state or local income taxes. In accordance with the partnership tax law requirements, each partner would include their respective components of Garrison Capital LLC’s taxable profits or losses, as shown on their Schedule K-1s in their respective tax or information returns. GF 2013-2, GF 2013-2 Manager, the GARS Equity Holdings Entities, Walnut Hill II LLC and Forest Park II LLC are disregarded entities for tax purposes with the exception of Garrison Capital Equity Holdings LLC which was dissolved on December 30, 2013. GLC Trust 2013-2 is a grantor trust for U.S. taxable income purposes, whereby the income reverts to GARS.

As discussed in Note 1, for tax purposes, GARS elected to be treated as a RIC under Subchapter M of the Code, for the period from the date of the Conversion, beginning October 9, 2012, and intends to qualify each taxable year for such treatment. Such election was made upon the filing of the Company’s first U.S. federal

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

corporate income tax return. Accordingly, no provision for federal income tax was made in the consolidated financial statements for the nine months ended September 30, 2014 or the year ended December 31, 2013.

GARS complies with all RIC qualification provisions contained in the Code including certain source-of-income and asset diversification requirements as well as distribution requirements to our stockholders equal to at least 90.0% of “investment company taxable income”. “Investment company taxable income” is generally defined as net ordinary income plus the excess of realized net short-term capital gains over realized net long-term capital losses. As a RIC, GARS generally does not have to pay corporate-level U.S. federal income taxes on any net ordinary income or net capital gains that it distributes to its stockholders in a timely manner. However, GARS is subject to U.S. federal income taxes at regular corporate tax rates on any net ordinary income or net capital gain not distributed to its stockholders assuming at least 90.0% of its investment company taxable income is distributed at least annually.

Depending on the level of taxable income earned in a tax year, the Company may choose to retain taxable income in excess of current year dividend distributions, and would distribute such taxable income in the next tax year. The Company would then pay a 4% excise tax on such income, as required. To the extent that the Company determines that its estimated current year annual taxable income, determined on a calendar basis, could exceed estimated current calendar year dividend distributions, the Company accrues excise tax, if any, on estimated excess taxable income as taxable income is earned. For the three and nine months ended September 30, 2014 and September 30, 2013, $136,000 and $0 was recorded for U.S. federal excise tax.

In addition, GARS has certain wholly owned taxable subsidiaries (the “Taxable Subsidiaries”), each of which holds a portion of one or more of our portfolio investments that are listed on the Consolidated Schedule of Investments. The Taxable Subsidiaries are consolidated for financial reporting purposes in accordance with U.S. GAAP, so that our consolidated financial statements reflect our investments in the portfolio companies owned by the Taxable Subsidiaries. The purpose of the Taxable Subsidiaries is to permit GARS to hold certain interests in portfolio companies that are organized as limited liability companies (“LLCs”), or other forms of pass-through entities, and still satisfy the RIC tax requirement that at least 90.0% of a RIC’s gross income for federal income tax purposes must consist of qualifying investment income. Absent the Taxable Subsidiaries, a proportionate amount of any gross income of an LLC (or other pass-through entity) portfolio investment would flow through directly to GARS. To the extent that such income did not consist of investment income, it could jeopardize GARS’ ability to qualify as a RIC and therefore cause GARS to incur significant amounts of corporate-level U.S. federal income taxes. Where interests in LLCs (or other pass-through entities) are owned by the Taxable Subsidiaries, however, the income from such interests is taxed to the Taxable Subsidiaries and does not flow through to GARS, thereby helping GARS preserve its RIC status. The Taxable Subsidiaries are not consolidated for U.S. federal income tax purposes and may generate income tax expense as a result of their ownership of the portfolio companies.

Dividends from net investment income and distributions from net realized capital gains are determined in accordance with U.S. federal tax regulations, which may differ from amounts determined in accordance with U.S. GAAP and those differences could be material. These book-to-tax differences are either temporary or permanent in nature. Reclassifications due to permanent differences have no impact on net assets. The below were reclassifications made due to permanent differences for the tax year ended December 31, 2013:


Accumulated Net Investment Income/(Loss)	$	1,301,434
Paid-in Capital	$	(1,301,434	)

The permanent book-to-tax differences arose primarily due to return of capital distributions.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

Taxable income differs from the net increase (decrease) in net assets resulting from operations primarily due to the exclusion of unrealized appreciation (depreciation) on investments from taxable income until they are realized and book-to-tax timing differences related to net capital gain/loss carryforwards.

The following table reconciles net increase in net assets resulting from operations to taxable income from April 1, 2013 to tax year ended December 31, 2013:


Net increase in net assets resulting from operations	$	20,214,870
Net change in unrealized appreciation on investments		(9,752,937	)
Permanent book-to-tax differences		—
Temporary book-to-tax differences		5,833,349
Taxable income before deductions for distribution	$	16,295,282

As of December 31, 2013, the accumulated earnings/(deficit) on a tax basis is:


Undistributed ordinary income	$	—
Accumulated capital and other losses		(5,833,349	)
Unrealized appreciation/(depreciation)		2,093,028
Total accumulated earnings/(deficit)	$	(3,740,321	)

The tax character of distributions paid during the tax period from April 1, 2013 to December 31, 2013 was as follows:


Ordinary	$	16,295,282
Long-term Capital Gain		—
Return of Capital		1,301,434
Total	$	17,596,716

As of December 31, 2013, the federal income tax basis of investments was $426,988,451, resulting in net unrealized gains of $2,093,028.

The Company is required to determine whether a tax position of the Company is more likely-than-not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. De-recognition of a tax benefit previously recognized could result in the Company recording a tax liability that could negatively impact the Company’s net assets.

U.S. GAAP provides guidance on thresholds, measurement, de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition that is intended to provide better financial statement comparability among different entities.

The Company has concluded that it was not necessary to record a liability for any such tax positions as of September 30, 2014 and December 31, 2013. However, the Company’s conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, ongoing analyses of, and changes to, tax laws, regulations and interpretations thereof.

The Company’s activities from commencement of operations remain subject to examination by U.S. federal, state, and local tax authorities. No interest expense or penalties have been assessed as of September 30, 2014

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

and December 31, 2013. If the Company were required to recognize interest and penalties, if any, related to unrecognized tax benefits this would be recognized as income tax expense in the consolidated statement of operations.

New capital losses may now be carried forward indefinitely, and retain the character of the original loss. Under pre-enactment law, capital losses could be carried forward for eight years, and carried forward as short-term capital, irrespective of the character of the original loss. Additionally, any losses incurred for tax years beginning after the enactment of the Regulated Investment Company Modernization Act of 2010 on December 22, 2010 are required to be utilized prior to the losses incurred in pre-enactment tax years. However, this ordering rule will not impact GARS.

As of December 31, 2013, the Company had post-enactment long-term capital loss carryforwards of $5,833,349, which do not expire. The Company had no pre-enactment capital loss carryforwards.

Recent Accounting Pronouncements

In June 2013, the FASB issued Accounting Standards Update (“ASU”) 2013-08, Financial Services — Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements (“ASU 2013-08”), containing new guidance on assessing whether an entity is an investment company, requiring non-controlling ownership interest in investment companies to be measured at fair value and requiring certain additional disclosures. This guidance is effective for annual and interim periods beginning on or after December 15, 2013. ASU 2013-08 did not have a material impact on the Company’s consolidated financial position or disclosures.

3. Investments

The Company’s investments include debt investments (both funded and unfunded, “Debt Investments”), preferred and minority equity investments (“Equity”) of diversified companies and a portfolio of unsecured small balance consumer loans (“Financial Assets”).

These financial instruments also may be purchased indirectly through an interest in a limited partnership or a limited liability company. Certain of the risks of investing in the financial instruments of a distressed borrower or a company are discussed herein.

The Company may invest in assets for which the underlying borrower or companies are experiencing various forms of financial, operational, legal, and/or other distress or impairment, including companies involved in bankruptcy or other reorganization or liquidation proceedings, and those which might become involved in such proceedings. Through investing in these assets, the Company is exposed to credit risk relating to whether the borrower will meet its obligation to pay when it comes due until the investments are sold or mature. Any investment in a distressed company may involve special risks.

The Company’s transactions in Debt Investments are normally secured financings that are collateralized by physical assets and/or the enterprise value of the borrower. This collateral, and the Company’s rights to this collateral, are different depending on the specific transaction and are defined by the legal documents agreed to in the transaction.

The terms of the Debt Investments may require the Company to extend to a borrower additional credit or provide funding for any unfunded portion of such Debt Investments at the request of the borrower. This exposes the Company to potential liabilities that are not reflected on the consolidated statements of financial condition. As of September 30, 2014 and December 31, 2013, the Company had $31,200,921 and $9,162,616 of unfunded obligations with a fair value of $(485,077) and $(55,082), respectively. The negative fair value is the result of the unfunded commitment being valued below par. These amounts may or may not be funded to the borrowing party now or in the future. The unfunded commitments relate to loans with various maturity

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

3. Investments – (continued)

dates, but the entire amount was eligible for funding to the borrowers as of September 30, 2014 and December 31, 2013, respectively, subject to the terms of each loan’s respective credit agreement.

There is no central clearinghouse for the Company’s Debt Investments, Equity or Financial Assets, nor is there a central depository for custody of any such interests. The processes by which these interests are cleared, settled and held in custody are individually negotiated between the parties to the transaction. This subjects the Company to operational risk to the extent that there are delays and failures in these processes. The Custodian maintains records of the investments owned by the Company.

4. Fair Value of Financial Instruments

The fair value of the Company’s assets and liabilities which qualify as financial instruments approximate the carrying amounts presented in the consolidated statements of financial condition.

U.S. GAAP requires enhanced disclosures about investments that are measured and reported on a fair value basis. Under U.S. GAAP, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Further, the guidance distinguishes between inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on market data obtained from sources independent of the reporting entity (observable inputs) and inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances (unobservable inputs). Various inputs are used in determining the values of the Company’s investments and these inputs are categorized as of each valuation date.

The inputs are summarized in three broad hierarchies listed below:

•

Level 1 —

quoted unadjusted prices in active markets for identical investments as of the reporting date.

•

Level 2 —

other significant observable inputs (including quoted prices for similar investments, interest rates, prepayments, credit risk, etc.).

•

Level 3 —

significant unobservable inputs (including the reporting entity’s own assumptions about the assumptions market participants would use in determining the fair values of investments or indicative bid prices from unaffiliated market makers or independent third-party pricing services).

Fair value of publicly traded instruments is generally based on quoted market prices. Fair value of non-publicly traded instruments, and of publicly traded instruments for which quoted market prices are not readily available, may be determined based on other relevant factors, including without limitation, bid quotations from unaffiliated market makers or independent third-party pricing services, the price activity of comparable instruments and valuation pricing models.

For those investments valued using quotations, the bid price is generally used, unless the Company determines that it is not representative of an exit price. To the extent observable market data is available, such information may be the result of consensus pricing information or broker quotes. Due to the fact that the significant inputs used by the contributors of the consensus pricing source or the broker are unobservable and evidence with respect to trading levels is not available, any investments valued using indicative bid prices from unaffiliated market makers and independent third party pricing services have been classified within Level 3.

Investments classified as Level 3 may be fair valued using the income and market approaches, using a market yield valuation methodology or enterprise value methodology.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

4. Fair Value of Financial Instruments – (continued)

Factors that could affect fair value measurements of debt investments using the above referenced approaches include assumed growth rates, capitalization rates, discount rates, loan-to-value ratios, liquidation value, relative capital structure priority, market comparables, compliance with applicable loan, covenant and interest coverage performance, book value, market derived multiples, reserve valuation, assessment of credit ratings of an underlying borrower, review of ongoing performance, review of financial projections as compared to actual performance, review of interest rate and yield risk.

Factors that could affect fair value measurements of consumer loans using the above referenced approaches include prepayment rates, default rates, review of financial projections as compared to actual performance and discount rates.

Such factors may be given different weighting depending on management’s assessment of the underlying investment, and management may analyze apparently comparable investments in different ways. The Company has used, and intends to continue to use, independent valuation firms to provide additional corroboration for estimating the fair value of investments. Valuations performed by the independent valuation firms may utilize proprietary models and inputs. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

All of the Company’s investments (other than cash and cash equivalents) are classified as Level 3 under ASC 820.

The following table summarizes the valuation of the Company’s investments measured at fair value based on the fair value hierarchy detailed above as of September 30, 2014 and December 31, 2013:


	As of September 30, 2014
	Level 1		Level 2		Level 3		Total
Senior Secured⁽¹⁾	$	—	$	—	$	353,367,596	$	353,367,596
Second Lien		—		—		27,743,675		27,743,675
Mezzanine		—		—		7,323,901		7,323,901
Real Estate Loans		—		—		10,273,133		10,273,133
Subordinated		—		—		4,066,554		4,066,554
Preferred Equity Investments		—		—		3,761,056		3,761,056
Common Equity Investments		—		—		1,401,871		1,401,871
Financial Assets		—		—		40,711,244		40,711,244
	$	—	$	—	$	448,649,030	$	448,649,030


	As of December 31, 2013
	Level 1		Level 2		Level 3		Total
Senior Secured⁽²⁾	$	—	$	—	$	382,888,163	$	382,888,163
Second Lien		—		—		13,680,535		13,680,535
Mezzanine		—		—		7,080,998		7,080,998
Preferred Equity Investments		—		—		5,453,182		5,453,182
Common Equity Investments		—		—		3,090,475		3,090,475
Financial Assets		—		—		16,888,126		16,888,126
	$	—	$	—	$	429,081,479	$	429,081,479

(1)

Includes unfunded obligations of $(485,077).

(2)

Includes unfunded obligations of $(55,082).

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

4. Fair Value of Financial Instruments – (continued)

The net change in unrealized appreciation/(depreciation) for the nine months ended September 30, 2014 and September 30, 2013 reported within the net change in unrealized appreciation/(depreciation) on investments in the Company’s consolidated statements of operations attributable to the Company’s Level 3 assets was $(1,206,160) and $13,866,763, respectively.

The following table is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value for the nine months ended September 30, 2014:



Nine Months ended September 30, 2014
	Senior Secured Investments			Second Lien Investments			Mezzanine Investments		Real Estate Loan Investments		Subordinated Investments			Unsecured Investments			Preferred Equity Investments			Common Equity Investments			Financial Assets			Total
Fair value, beginning of period	$	382,888,163		$	13,680,535		$	7,080,998	$	—	$	—		$	—		$	5,453,182		$	3,090,475		$	16,888,126		$	429,081,479
Transfers into Level 3⁽¹⁾		—			4,916,653			—		—		—			—			—			—			—			4,916,653
Transfers out of Level 3⁽¹⁾		(4,916,653	)		—			—		—		—			—			—			—			—			(4,916,653	)
Total net realized and unrealized gain/(loss) on investments		1,286,099			260,759			113,444		67,956		(1,521,077	)		—			4,190,491			6,624,283			(1,334,325	)		9,687,630
Total net accretion of discounts on investments		1,237,734			31,365			19,494		132,044		—			—			—			—			—			1,420,637
Purchases/Issuances		253,663,799			14,810,986			109,965		10,073,133		5,587,631			6,592,692			—			—			34,702,195			325,540,401
Sales		(77,170,973	)		—			—		—		—			—			(5,882,617	)		(8,312,887	)		—			(91,366,477	)
Paydowns		(203,620,573	)		(5,956,623	)		—		—		—			(6,592,692	)		—			—			(9,544,752	)		(225,714,640	)
Fair value, end of period	$	353,367,596		$	27,743,675		$	7,323,901	$	10,273,133	$	4,066,554		$	—		$	3,761,056		$	1,401,871		$	40,711,244		$	448,649,030
Net change in unrealized appreciation/(depreciation) included in earnings related to investments still held at reporting date	$	433,911		$	300,556		$	113,444	$	67,956	$	(1,521,077	)	$	—		$	2,971,094		$	449,251		$	(706,554	)	$	1,240,759

(1)

Transfers into or out of Level 1, 2 or 3 are recognized at the reporting date. There were no transfers of investments between levels by the Company for the nine months ended September 30, 2014.

The following table is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value for the nine months ended September 30, 2013:



	Nine Months Ended September 30, 2013
	Senior Secured Investments			Second Lien Investments			Mezzanine Investments			Preferred Equity Investments		Common Equity Investments			Financial Assets		Total
Fair value, beginning of period	$	217,225,589		$	2,625,596		$	—		$	—	$	254,600		$	—	$	220,105,785
Transfers into Level 3⁽¹⁾		—			—			—			—		—			—		—
Transfers out of Level 3⁽¹⁾		—			—			—			—		—			—		—
Total net realized and unrealized gain/(loss) on investments		1,372,228			(158,583	)		(579	)		1,731,608		(101,992	)		—		2,842,682
Total net accretion of discounts on investments		1,074,793			28,154			—			—		—			—		1,102,947
Purchases/Issuances		310,048,792			11,416,249			7,033,437			2,721,574		3,748,653			9,169,826		344,138,531
Sales⁽²⁾		(56,141,221	)		—			—			—		(490,399	)		—		(56,631,620	)
Paydowns		(99,877,923	)		(155,028	)		—			—		—			—		(100,032,951	)
Fair value, end of period	$	373,702,258		$	13,756,388		$	7,032,858		$	4,453,182	$	3,410,862		$	9,169,826	$	411,525,374
Net change in unrealized appreciation/(depreciation) included in earnings related to investments still held at reporting date	$	805,792		$	(157,318	)	$	(580	)	$	—	$	1,629,639		$	—	$	2,277,533

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

4. Fair Value of Financial Instruments – (continued)

(1)

Transfers into or out of Level 1, 2 or 3 are recognized at the reporting date. There were no transfers of investments between levels by the Company for the nine months ended September 30, 2013.

(2)

Includes $9,991,329 Distribution-in-Kind.

The following table is a quantitative disclosure about significant unobservable inputs (Level 3) that were used in determining fair value at September 30, 2014:

Quantitative Information about Level 3 Fair Value Measurements

Fair Value at
September 30,
2014

Valuation
Technique

Unobservable
Input

Range

Weighted
Average

Low

High

Senior Secured Investments⁽¹⁾

353,367,596

Comparable yield
approach

Market rate⁽²⁾

5.5%

22.6%

10.1%

Market comparable
companies

EBITDA multiple

⁽⁵⁾

1.9x

15.0x

6.7x

Second Lien Investments

27,743,675

Comparable yield
approach

Market rate⁽²⁾

6.5%

11.5%

10.0%

Market comparable
companies

EBITDA multiple

⁽⁵⁾

5.0x

9.3x

7.3x

Mezzanine Investments

7,323,901

Comparable yield
approach

Market rate⁽²⁾

14.0%

Market comparable
companies

EBITDA multiple

⁽⁵⁾

6.0x

Subordinated Investments

4,066,554

Market comparable
companies

EBITDA multiple

⁽⁵⁾

3.0x

Real Estate Loan Investments

10,273,133

Comparable yield
approach

Market rate⁽²⁾

10.0%

Equity Investments⁽³⁾

1,401,871

Market comparable
companies

EBITDA multiple

⁽⁵⁾

5.0x

7.0x

5.6x

Financial Assets⁽⁴⁾

40,711,244

Discounted cash
flows

Interest rate

10.3%

31.3%

15.7%

Conditional
prepayment rate
(“CPR”)

18.5%

83.6%

43.5%

Constant default rate
(“CDR”)

6.5%

33.0%

14.7%

Discount rate

9.3%

Total

444,887,974

(1)

Includes total unfunded obligations of $(485,077).

(2)

Market rate is calculated based on the fair value of the investments and interest expected to be received using the current rate of interest at the balance sheet date to maturity, excluding the effects of future scheduled principal amortizations.

(3)

Fair value for purposes of this table excludes $3,761,056 of a preferred equity investment which is valued at a recent transaction price.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

4. Fair Value of Financial Instruments – (continued)

(4)

Financial Assets are aggregated by the level of risk associated with the underlying loan, measured by the estimated loss rate. The estimated loss rate is based on the historical performance of loans with similar characteristics, the borrower’s credit score obtained from an official credit reporting agency at origination, debt-to-income ratios at origination, information from the borrower’s credit report at origination, as well as the borrower’s self-reported income range, occupation and employment status at origination. Financial Asset risk ratings are assigned on a scale from A through F, with A having the lowest level of risk and F having the highest level of risk. As of September 30, 2014, 26.4%, 30.0%, 31.5%, 7.8%, 3.9% and 0.4% of the total fair value of Financial Assets was comprised of A, B, C, D, E and F risk rated loans, respectively. See exhibit 99.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2014 for detail on underlying loans.

(5)

Excludes non-operating portfolio companies, which we define as those with loans collateralized by real estate or other hard assets.

The following table is a quantitative disclosure about significant unobservable inputs (Level 3) that were used in determining fair value at December 31, 2013:

Quantitative Information about Level 3 Fair Value Measurements

Fair Value at
December 31,
2013

Valuation
Technique

Unobservable
Input

Range

Weighted
Average

Low

High

Senior Secured Investments⁽¹⁾

382,888,163

Comparable yield
approach

Market rate⁽²⁾

3.2%

29.8%

9.7%

Market comparable
companies

EBITDA multiple

4.2x

11.0x

6.8x

Second Lien Investments

13,680,535

Comparable yield
approach

Market rate⁽²⁾

7.8%

11.7%

10.3%

Market comparable
companies

EBITDA multiple

6.5x

10.6x

7.8x

Mezzanine Investments

7,080,998

Comparable yield
approach

Market rate⁽²⁾

14.5%

Market comparable
companies

EBITDA multiple

6.0x

Equity Investments⁽³⁾

8,543,657

Market comparable
companies

EBITDA multiple

5.0x

7.0x

5.8x

Market comparable
companies

Origination fees
multiple

2.6x

11.0x

5.4x

Financial Assets⁽⁴⁾

16,888,126

Discounted cash
flows

Interest rate

10.9%

31.3%

16.9%

Conditional
prepayment rate
(“CPR”)

18.5%

83.6%

41.9%

Constant default rate
(“CDR”)

6.5%

33.0%

14.8%

Discount rate

10.0%

Total

429,081,479

(1)

Includes total unfunded obligations of $(55,082).

(2)

(3)

Includes preferred and common equity.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

4. Fair Value of Financial Instruments – (continued)

(4)

Financial Assets are aggregated by the level of risk associated with the underlying loan, measured by the estimated loss rate. The estimated loss rate is based on the historical performance of loans with similar characteristics, the borrower’s credit score obtained from an official credit reporting agency at origination, debt-to-income ratios at origination, information from the borrower’s credit report at origination, as well as the borrower’s self-reported income range, occupation and employment status at origination. Financial Asset risk ratings are assigned on a scale from A through F, with A having the lowest level of risk and F having the highest level of risk. As of December 31, 2013, 25.0%, 30.6%, 30.4%, 8.6%, 4.7% and 0.7% of the total fair value of Financial Assets was comprised of A, B, C, D, E and F risk rated loans, respectively.

Significant unobservable inputs used in the fair value measurement of the reporting entity’s Debt Investments include indicative bid quotations obtained from independent third party pricing services (“consensus pricing”), multiples of market comparable companies, and relative comparable yields.

Significant decreases (increases) in consensus pricing or market comparables could result in significantly lower (higher) fair value measurements. Significant increases (decreases) in comparable yields could result in significantly lower (higher) fair value measurements. Generally, a change in the assumption used for relative comparable yields is accompanied by a directionally opposite change in the assumptions used for pricing.

Significant unobservable inputs used in the fair value measurement of the reporting entity’s Financial Assets include interest rate, prepayment rate, unit loss rate and discount rate.

Significant decreases (increases) in interest rates or prepayment rates could result in significantly lower (higher) fair value measurements. Significant increases (decreases) in unit loss rates or discount rates could result in significantly lower (higher) fair value measurements.

The composition of the Company’s portfolio by industry at cost and fair value as of September 30, 2014 was as follows:


Industry	Cost of Investments				Fair Value of Investment
Miscellaneous Services	$	72,955,521	16.2	%	$	71,668,706	15.9	%
Miscellaneous Manufacturing		57,757,694	12.9			56,890,754	12.7
Consumer Finance Services		53,701,599	12.0			56,258,262	12.5
Health Services		42,557,115	9.5			41,710,602	9.3
Transportation Services		35,219,597	7.9			35,454,312	7.9
Miscellaneous Retail		21,499,305	4.8			21,624,807	4.8
Communications		21,046,555	4.7			21,541,045	4.8
Building & Real Estate		20,438,065	4.6			20,505,906	4.6
Automotive		17,399,900	3.9			17,548,556	3.9
Food Stores - Retail		15,719,199	3.5			15,763,754	3.5
Electrical Equipment		13,361,178	3.0			13,347,690	3.0
Insurance Agents		11,729,134	2.6			11,948,920	2.7
Chemicals		11,653,048	2.6			11,661,890	2.6
Restaurants		11,600,000	2.6			11,600,000	2.6
Apparel Products		10,319,263	2.3			10,319,148	2.3
Specialty Services		10,214,869	2.3			10,214,763	2.3
Broadcasting & Entertainment		9,866,217	2.2			9,866,152	2.2
Oil & Gas		9,745,661	2.2			9,745,521	2.2
Printing & Publishing		978,242	0.2			978,242	0.2
Total	$	447,762,162	100.0%		$	448,649,030	100.0%

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

4. Fair Value of Financial Instruments – (continued)

Refer to the consolidated schedule of investments for detailed disaggregation of the Company’s investments.

The composition of the Company’s portfolio by industry at cost and fair value as of December 31, 2013 was as follows:


Industry	Cost of Investments				Fair Value of Investments
Miscellaneous Manufacturing	$	58,157,568	13.6	%	$	59,578,972	13.9	%
Transportation Services		45,356,779	10.6			45,352,257	10.6
Communications		40,146,138	9.4			40,461,855	9.4
Miscellaneous Services		38,621,925	9.0			38,689,163	9.0
Health Services		38,721,119	9.1			36,672,053	8.5
Oil & Gas		24,829,027	5.8			26,905,929	6.3
Food Stores – Retail		23,455,743	5.5			23,727,417	5.5
Automotive		19,521,987	4.6			19,564,271	4.6
Consumer Finance		19,144,036	4.5			19,365,626	4.5
Apparel Products		15,471,806	3.6			15,528,467	3.6
Specialty Services		15,147,452	3.5			15,083,993	3.5
Miscellaneous Retail		14,926,805	3.5			14,936,027	3.5
Broadcasting & Entertainment		14,739,458	3.5			14,657,618	3.4
Insurance Agents		13,132,253	3.1			13,359,383	3.1
Electrical Equipment		12,528,985	2.9			12,598,106	2.9
National Security		9,843,766	2.3			9,800,593	2.3
Printing & Publishing		7,140,812	1.7			6,907,969	1.6
Textile Products		3,862,146	0.9			3,875,000	0.9
Metal Mining		3,477,728	0.8			3,500,333	0.8
Restaurants		3,264,808	0.8			3,065,556	0.7
Chemicals		2,565,212	0.6			2,598,597	0.6
Wholesale Durable Goods		1,855,793	0.4			1,782,163	0.4
Machinery		797,000	0.2			790,026	0.2
Hotels and Motels		280,105	0.1			280,105	0.1
Total	$	426,988,451	100.0%		$	429,081,479	100.0%

Refer to the consolidated schedule of investments for detailed disaggregation of the Company’s investments.

5. Indemnifications

In the normal course of business, the Company enters into certain contracts that provide a variety of indemnifications. The Company’s maximum exposure under these indemnifications is unknown. However, no liabilities have arisen under these indemnifications in the past and, while there can be no assurances in this regard, there is no expectation that any will occur in the future. Therefore, the Company does not consider it necessary to record a liability for any indemnifications under U.S. GAAP.

6. Due To and Due From Counterparties

The Company executes investment transactions with agents, brokers, investment companies, agent banks and other financial institutions. Due to and due from counterparties include amounts related to unsettled purchase and sale transactions of investments and principal paydowns receivable from the borrowers.

Amounts due to counterparties were $5,096,343 and $7,840,140 as of September 30, 2014 and December 31, 2013, respectively. Amounts due from counterparties as of September 30, 2014 and December 31, 2013 were $1,706,575 and $6,660,132, respectively.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

7. Financing

In accordance with the 1940 Act, with certain limited exceptions, the Company is only allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 200% after such borrowing. As of September 30, 2014 and December 31, 2013, the Company’s asset coverage for borrowed amounts was 213.6% and 215.1%, respectively.

On November 5, 2010, GF 2010-1 completed a $300,000,000 collateralized loan securitization. GF 2010-1 was the borrower under a collateralized loan obligation facility (the “CLO Facility”) which was refinanced, as further described below. The CLO Facility consisted of senior secured notes (collectively, the “GF 2010-1 Notes”).

On May 21, 2012, GF 2012-1, the Company’s wholly-owned indirect subsidiary, entered into the Credit Facility in an aggregate principal amount of $150,000,000, consisting of $125,000,000 of term loans Class A-T Loans and $25,000,000 of revolving loans Class A-R Loans (collectively, the “GF 2012-1 Loans”) which was utilized, along with cash on hand of GF 2010-1 and Garrison Capital LLC, to redeem the existing GF 2010-1 Notes. On June 5, 2013, GF 2012-1 entered into an agreement to increase the size of the Credit Facility from $150,000,000 to $175,000,000, consisting of $125,000,000 of Class A-T loans and $50,000,000 of Class A-R loans. All other terms of the Credit Facility remained unchanged.

In connection with the execution of the Credit Facility and the redemption of the GF 2010-1 Notes in accordance with the indenture governing such notes, a majority of the loans and other assets owned or financed under such indenture were sold or contributed to GF 2012-1 as collateral for the Credit Facility.

GARS had the ability to refinance the Credit Facility through a collateralized loan obligation as provided by certain provisions of the Credit Facility agreement.

On the Refinancing Date, GF 2013-2 completed the CLO through a private placement of (1) $50.0 million of AAA(sf) rated Class A-1R revolving notes (“Class A-1R Notes”), which bear interest at either the CP Rate (as defined in the indenture governing the CLO) or the London Interbank Offered Rate (“LIBOR”) plus 1.90%; (2) $111.2 million of AAA(sf) rated Class A-1T notes (“Class A-1T Notes”), which bear interest at three-month LIBOR plus 1.80%; (3) $24.2 million of AA(sf) rated Class A-2 notes (“Class A-2 Notes” and collectively with the Class A-1R Notes and the Class A-1T Notes, the “Class A Notes”), which bear interest at three-month LIBOR plus 3.40%; (4) $25.0 million of A(sf) rated Class B notes (“Class B Notes”), which bear interest at three-month LIBOR plus 4.65%; (5) $13.7 million of Class C notes (not rated) (“Class C Notes” and collectively with the Class A Notes and Class B Notes, the “Secured Notes”), which bear interest at three-month LIBOR plus 5.50%; and (6) $126.0 million of subordinated notes (“Subordinated Notes” and collectively with the Class A Notes, Class B Notes and Class C Notes, the “GF 2013-2 Notes”), which do not have a stated interest rate, the proceeds of which were utilized, along with cash on hand, to refinance the existing Credit Facility. All of the GF 2013-2 Notes are scheduled to mature on September 25, 2023. As of September 30, 2014, GARS had retained 100% of the Class C Notes, which are eliminated in consolidation. The Subordinated Notes represent the residual interest in GF 2013-2. Immediately following the completion of the CLO, GF 2013-2 Manager owned 100% of the Subordinated Notes, which are eliminated in consolidation.

GLC Trust 2013-2 entered into a $10,000,000 revolving facility with Capital One Bank, NA, on December 6, 2013. The revolving facility included an accordion feature, such that GLC Trust 2013-2 was permitted to increase the total commitment up to $15,000,000 under the terms of the loan agreement. GLC Trust 2013-2 exercised this option on December 20, 2013.

On July 11, 2014, GARS increased the GLC Trust 2013-2 Revolver commitment by $15.0 million, for a total commitment of $30.0 million. On July 18, 2014, GARS completed a $39.2 million term debt securitization collateralized by the GLC Trust 2013-2 consumer loan portfolio (“GLC Trust 2013-2 Securitization”). The notes offered in the GLC Trust 2013-2 Securitization were issued by GLC Trust 2013-2 and consisted of

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

7. Financing – (continued)

$36.9 million of Class A Notes (“GLC Trust 2013-2 Class A Notes”) and $2.3 million of Class B Notes (“GLC Trust 2013-2 Class B Notes”, and collectively with the GLC Trust 2013-2 Class A Notes, the “GLC Trust 2013-2 Notes”). As of September 30, 2014, GARS has retained all of the Class B Notes, which are eliminated in consolidation. The GLC Trust 2013-2 Class A Notes bear interest at 3.00% per annum and are scheduled to mature on July 15, 2021. The proceeds of the GLC Trust 2013-2 Notes were used to refinance the GLC Trust 2013-2 Revolver, which was fully paid down and terminated concurrent with the issuance of the GLC Trust 2013-2 Notes.

The refinance of the GLC Trust 2013-2 Revolver resulted in a $242,643 loss for the three and nine months ended September 30, 2014 due to the write-off of the remaining deferred debt issuance costs paid as part of the execution of the GLC Trust 2013-2 Revolver and third party expenses incurred to effect the refinancing, which is included in loss on refinancing of GLC Trust 2013-2 Revolver on the consolidated statements of operations.

Fees paid as part of the execution of the Credit Facility, the refinance of the Credit Facility and the execution of the CLO in the amount of $6,154,758 consisted of facility fees of $4,280,250 and other costs of $1,874,508, which included rating agency fees and legal fees. Fees paid as part of the execution of the GLC Trust 2013-2 Securitization in the amount of $318,497 consisted of legal and other fees. These costs are included in deferred debt issuance costs on the consolidated statements of financial condition and will be amortized over the stated maturity of the respective loans, with $4,584,334 and $4,884,271 of deferred debt issuance costs remaining as of September 30, 2014 and December 31, 2013, respectively.

The table below shows the notes outstanding under the CLO and the GLC Trust 2013-2 Notes as of September 30, 2014:


September 30, 2014	Amortized Carrying Value		Oustanding Principal at Par		Interest Rate		Stated Maturity
Class A-1R Notes:
Class A-1R Notes	$	34,000,000	$	34,000,000		CP Rate or LIBOR + 1.90%		9/25/2023
Class A-1T Notes:
Class A-1T Notes		110,775,354		111,175,000		LIBOR + 1.80%		9/25/2023
Class A-2 Notes:
Class A-2 Notes		24,041,483		24,150,000		LIBOR + 3.40%		9/25/2023
Class B Notes:
Class B Notes		24,912,553		25,025,000		LIBOR + 4.65%		9/25/2023
GLC Trust 2013-2 Class A Notes:
Class A Notes		34,288,677		34,752,493		3.00%		7/15/2021
	$	228,018,067	$	229,102,493

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

7. Financing – (continued)

The table below shows the notes outstanding under the CLO and the GLC Trust 2013-2 Revolver as of December 31, 2013:

December 31, 2013

Amortized Carrying Value

Outstanding Principal at Par

Interest Rate

Stated Maturity

Senior Secured Notes:

Class A-1R Notes

50,000,000

CP Rate or
LIBOR + 1.90%

9/25/2023

Class A-1T Notes:

Class A-1T Notes

110,742,112

111,175,000

LIBOR + 1.80%

9/25/2023

Class A-2 Notes:

Class A-2 Notes

24,032,457

24,150,000

LIBOR + 3.40%

9/25/2023

Class B Notes:

Class B Notes

24,903,198

25,025,000

LIBOR + 4.65%

9/25/2023

GLC Trust 2013-2 Revolving Notes:

Revolving Note:

9,741,676

LIBOR + 3.50%

12/6/2015

219,419,443

220,091,676

At September 30, 2014 and December 31, 2013, $16,000,000 and $0, respectively, of the Class A-1R Notes remained undrawn. The Class A-1R Notes bear a 1.00% annual fee on undrawn amounts.

The fair value of the GF 2013-2 Notes and GLC Trust 2013-2 Notes approximated the carrying value on the consolidated statements of financial condition at September 30, 2014 and December 31, 2013, respectively.

The ability of GF 2013-2 to draw under the Class A-1R Notes terminates on September 25, 2016, which is also the end of the extended reinvestment period, and the notes issued by the CLO mature on September 25, 2023. The Secured Notes are secured by all of the assets held by GF 2013-2.

The indenture governing the notes issued as part of the CLO provides that, to the extent cash is available from cash collections, the holders of the GF 2013-2 Notes are to receive quarterly interest payments on the 20^th day or, if not a business day, the next succeeding business day of February, May, August and November of each year, commencing in February 2014, until the stated maturity.

Under the documents governing the CLO, there are two coverage tests applicable to the Secured Notes. The first test compares the amount of interest received on the collateral loans held by GF 2013-2 to the amount of interest payable on the Secured Notes under the CLO in respect of the amounts drawn and certain expenses. To meet this first test, at any time, the aggregate amount of interest received on the collateral loans must equal, after the payment of certain fees and expenses, at least 135.0% of the aggregate amount of interest payable on the Class A Notes, 125.0% of the interest payable on the Class A Notes and Class B Notes, taken together, and 115% of the interest payable on the Class A Notes, Class B Notes and Class C Notes, taken together.

The second test compares the aggregate principal amount of the collateral loans, as calculated in accordance with the indenture, to the aggregate outstanding principal amount of the Secured Notes in respect of the amounts drawn. To meet this second test at any time, the aggregate principal amount of the collateral loans must equal at least 173.4% of the aggregate outstanding principal amount of the Class A Notes, 156.1% of the aggregate principal amount of the Class A Notes and Class B Notes, taken together, and 148.1% of the aggregate outstanding principal amount of the Class A Notes, Class B Notes and Class C Notes, taken together.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

7. Financing – (continued)

If the coverage tests are not satisfied with respect to a quarterly payment date, GF 2013-2 will be required to apply available amounts to the repayment of interest on and principal of the GF 2013-2 Notes to the extent necessary to satisfy the applicable coverage tests and, as a result, there may be reduced funds available for GF 2013-2 to make additional investments or to make distributions on the Company’s equity interests in GF 2013-2. Additionally, compliance is measured on each day collateral loans are purchased, originated or sold and in connection with monthly reporting to the note holder. Furthermore, if under the second coverage test the aggregate principal amount of the collateral loans equals 125.0% or less of the aggregate outstanding principal amount on the Class A-1 Notes and remains so for ten business days, an event of default will be deemed to have occurred. As of September 30, 2014 and December 31, 2013, the trustee for the CLO has asserted that all of the coverage tests were met.

The indenture governing the GLC Trust 2013-2 Notes provides that, to the extent cash is available from cash collections, the holders of the GLC Trust 2013-2 Notes are to receive monthly interest and principal payments on the 15^th day or, if not a business day, the next succeeding business day, commencing in August 2014, until the stated maturity.

Under the indenture governing the GLC Trust 2013-2 Notes, there are two applicable monthly tests. The first test compares the principal balance of the underlying loans to the principal balance of the GLC Trust 2013-2 Notes. To meet this first test, the aggregate principal balance of the underlying loans less the aggregate principal balance of the GLC Trust 2013-2 Notes must equal, at least, the greater of (1) 13% of the aggregate principal balance of the underlying loans as of the end of the prior month and (2) 5.25% of the loan pool balance as of July 11, 2014. The second test compares the ratio of the dollar amount of cumulative defaults to the original principal balance of the underlying loans as of July 11, 2014 (“Cumulative Default Ratio”) to the Cumulative Default Ratio trigger level, as stated in the indenture. To meet this second test, the Cumulative Default Ratio must not exceed the Cumulative Default Ratio trigger level.

If these tests are not satisfied with respect to a monthly payment date and are not cured within 45 days, an event of default will be deemed to have occurred and the GLC Trust 2013-2 Notes will become immediately due and payable, in accordance with the terms of the indenture. As of September 30, 2014, all of the coverage tests were met.

The table below shows the weighted average interest rates and weighted average effective interest rates of the notes outstanding under the CLO and the GLC Trust 2013-2 Notes as of September 30, 2014 and December 31, 2013:


	September 30, 2014			December 31, 2013
Secured Notes:
Weighted average interest rate		2.03	%		2.81	%
Weighted average effective interest rate⁽¹⁾		2.44			3.22
Class A-1R Notes:
Weighted average interest rate		2.13			2.23
Weighted average effective interest rate⁽¹⁾		2.28			2.36
GLC Trust 2013-2 Revolving Note:
Weighted average interest rate		N/A			4.00
Weighted average effective interest rate⁽¹⁾		N/A			4.79
GLC Trust 2013-2 Class A Notes:
Weighted average interest rate		3.00			N/A
Weighted average effective interest rate⁽¹⁾		3.60			N/A

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

7. Financing – (continued)

(1)

Includes the effects of deferred debt issuance costs.

As of September 30, 2014, the weighted average effective interest rate for total outstanding debt was 3.05%.

8. Related Party Transactions

Investment Advisory Agreement

GARS entered into the Investment Advisory Agreement with the Investment Adviser, which was effective as of October 9, 2012 and subsequently amended and restated on May 6, 2014. The Investment Adviser agreed irrevocably to waive its base management fee and incentive fee commencing from the IPO Pricing Date through September 30, 2013. The waived fees are not subject to recoupment by the Investment Adviser.

Prior to the Conversion, GARS paid a management fee to the Investment Adviser in arrears for the preceding fiscal quarter equal to 0.375% (1.50% per annum) of the value of the Company’s consolidated members’ capital (excluding the average amount of cash held during the period).

Under the Amended and Restated Investment Advisory Agreement, the Investment Adviser is entitled to a base management fee for its services calculated at an annual rate of 1.75% of gross assets, excluding cash and cash equivalents, and cash and cash equivalents, restricted, but including assets purchased with borrowed funds. For purposes of the Investment Advisory Agreement, cash equivalents means U.S. government securities and commercial paper maturing within 270 days of purchase.

From the date of Conversion through the IPO Pricing Date, the Investment Adviser waived that portion of the management fee due under the Investment Advisory Agreement in excess of a base management fee equal to an annual rate of 1.50% of the average of the value of the Company’s net assets (including cash and cash equivalents) calculated at the end of the two most recently completed calendar quarters, payable in arrears. Under no circumstances would the Investment Adviser have received a base management fee greater than 1.75% of gross assets, excluding cash and cash equivalents but including assets purchased with borrowed funds calculated based on the average carrying value of the gross assets of the Company at the end of the two most recently completed calendar quarters.

For the three and nine months ended September 30, 2014, the Investment Adviser earned management fees under the Investment Advisory Agreement in the amount of $2,023,518 and $5,997,377 respectively, of which $0 was waived. For the three and nine months ended September 30, 2013, the Investment Adviser earned management fees in the amount of $1,863,177 and $4,408,507, respectively, of which $1,863,177 and $3,815,756, respectively, was waived. The waived fees are not subject to recoupment by the Investment Adviser.

Management fees in the amount of $223,341 and $217,608 were payable as of September 30, 2014 and December 31, 2013, respectively, and are included in management fee payable on the consolidated statements of financial condition.

Under the Investment Advisory Agreement, the Investment Adviser is entitled to an incentive fee consisting of two components that are independent of each other, with the result that one component may be payable even if the other is not.

TABLE OF CONTENTS

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

8. Related Party Transactions – (continued)

The first component, which is income-based and payable quarterly in arrears, equals 20% of the amount, if any, that the Company’s pre-incentive fee net investment income exceeds a 2.00% quarterly (8.00% annualized) hurdle rate (the “Hurdle Rate”), subject to a “catch-up” provision measured at the end of each calendar quarter. The operation of the first component of the incentive fee for each quarter is as follows:

•

no incentive fee is payable to the Investment Adviser in any calendar quarter in which the Company’s pre-incentive fee net investment income does not exceed the Hurdle Rate;

•

100% of the Company’s pre-incentive fee net investment income with respect to that portion of the Company’s pre-incentive fee net investment income, if any, that exceeds the Hurdle Rate but is less than 2.50% in any calendar quarter (10.00% annualized). We refer to this portion of the Company’s pre-incentive fee net investment income (which exceeds the Hurdle Rate but is less than 2.50%) as the “catch-up”. The effect of the “catch-up” provision is that, if the Company’s pre-incentive fee net investment income exceeds 2.50% in any calendar quarter, the Investment Adviser will receive 20% of such pre-incentive fee net investment income as if the Hurdle Rate did not apply; and

•

20% of the amount of the Company’s pre-incentive fee net investment income, if any, that exceeds 2.50% in any calendar quarter (10.00% annualized) (once the Hurdle Rate is reached and the catch-up is achieved).

The portion of such incentive fee that is attributable to deferred interest (such as payment-in-kind interest or original issue discount) will be paid to the Investment Adviser, together with any other interest accrued on the loan from the date of deferral to the date of payment, only if and to the extent the Company actually receives such interest in cash, and any accrual thereof will be reversed if and to the extent such interest is reversed in connection with any write-off or similar treatment of the investment giving rise to any deferred interest accrual. Any reversal of such amounts would reduce net income for the quarter by the net amount of the reversal (after taking into account the reversal of incentive fees payable) and would result in a reduction and possible elimination of the incentive fees for such quarter. For the avoidance of doubt, no incentive fee will be paid to the Investment Adviser on amounts accrued and not paid in respect of deferred interest. For the three and nine months ended September 30, 2014, the Investment Adviser earned an income-based incentive fee on pre-incentive fee net investment income, as calculated under the Investment Advisory Agreement, of $1,506,226 and $4,438,833, respectively.

The second component, which is capital gains-based, is determined and payable in arrears as of the end of each calendar year (or upon termination of the Investment Advisory Agreement, as of the termination date) and equals 20% of the Company’s cumulative aggregate realized capital gains through the end of such year, computed net of the Company’s aggregate cumulative realized capital losses and aggregate cumulative unrealized capital depreciation through the end of such year, less the aggregate amount of any previously paid capital gains incentive fees and subject to the Incentive Fee Cap and Deferral Mechanism described below. The capital-gains component of the incentive fee excludes any portion of realized gains (losses) that are associated with the reversal of any portion of unrealized appreciation/depreciation attributable to periods prior to April 1, 2013. The capital gains component of the incentive fee is not subject to any minimum return to stockholders. For the three and nine months ended September 30, 2014, the Investment Adviser accrued a capital gains-based incentive fee, as calculated under the Investment Advisory Agreement, of $75,916 and $1,258,439, respectively.

Under U.S. GAAP, we are required to accrue a capital gains incentive fee based upon the aggregate cumulative realized capital gains and losses and aggregate cumulative unrealized capital appreciation and depreciation on investments held at the end of each period. If such amount is positive at the end of a period, then the Company will record a capital gains incentive fee equal to 20% of such amount, less the aggregate amount of actual capital gains related incentive fees paid in all prior years. If such amount is negative, then

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Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

8. Related Party Transactions – (continued)

there is no accrual for such period. The Investment Advisory Agreement does not permit unrealized capital appreciation for purposes of calculating the amount payable to the Investment Adviser. Amounts due related to unrealized capital appreciation, if any, will not be paid to the Investment Adviser until realized under the terms of the Investment Advisory Agreement (as described above). For the three and nine months ended September 30, 2014, the Investment Adviser accrued an incentive fee on capital gains as calculated under U.S. GAAP of $(312,134) and $1,368,625, respectively.

No incentive fees were earned for the three and nine months ended September 30, 2013.

Incentive Fee Cap and Deferral Mechanism

We have structured the calculation of these incentive fees to include a fee limitation such that no incentive fee will be paid to our Investment Adviser for any fiscal quarter if, after such payment, the cumulative incentive fees paid to our Investment Adviser for the period that includes such fiscal quarter and the 11 full preceding fiscal quarters (the “Incentive Fee Look-back Period”), would exceed 20.0% of our cumulative pre-incentive fee net return during the applicable Incentive Fee Look-back Period. The Incentive Fee Look-back Period commenced on April 1, 2013. Prior to April 1, 2016, the Incentive Fee Look-back Period will consist of fewer than 12 full fiscal quarters.

Administration Agreement

As discussed in Note 1, GARS entered into the Administration Agreement with the GARS Administrator. Under the Administration Agreement, the GARS Administrator provides the Company with office facilities, equipment, clerical, bookkeeping and record keeping services at such facilities and such other services as the GARS Administrator, subject to review by the Board, from time to time determines to be necessary or useful to perform its obligations under the Administration Agreement. The GARS Administrator is responsible for the financial and other records that the Company is required to maintain and prepare reports to stockholders, and reports and other materials filed with the Securities and Exchange Commission (the “SEC”). The GARS Administrator provides on the Company’s behalf significant managerial assistance to those portfolio companies to which the Company is required to provide such assistance, including portfolio companies held indirectly through the CLO. No managerial assistance was provided to any portfolio companies for the nine months ended September 30, 2014 and September 30, 2013.

In addition, the GARS Administrator assists the Company in determining and publishing the Company’s net asset value, overseeing the preparation and filing of the Company’s tax returns, and the printing and dissemination of reports to stockholders of the Company, and generally oversees the payment of the Company’s expenses and the performance of administrative and professional services rendered to the Company by others. The Company reimburses the GARS Administrator for the costs and expenses incurred by the GARS Administrator in performing its obligations and providing personnel and facilities as described. Administration fees payable to the GARS Administrator are based on the allocable portion of overhead to the GARS Administrator under the Administration Agreement.

The GARS Administrator agreed to irrevocably waive any amounts due to it under the Administration Agreement from the date of the Conversion through the quarter in which the Company executed the IPO. These amounts are not subject to recoupment by the GARS Administrator. Gross Administrator charges for the three and nine months ended September 30, 2014 were $164,654 and $568,289, respectively. The amount of these charges waived by the GARS Administrator for the three and nine months ended September 30, 2014 was $0. Gross Administrator charges for the three and nine months ended September 30, 2013, including amounts payable to the Sub-Administrator as discussed in Note 1, were $217,743 and $587,766, respectively. The amount of these charges waived by the GARS Administrator for the three and nine months ended September 30, 2013 was $0 and $101,197, respectively. Administration fees payable to the GARS

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Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

8. Related Party Transactions – (continued)

Administrator in the amount of $309,904 and $0 were payable as of September 30, 2014 and December 31, 2013, respectively, and are included in administrator fee payable on the consolidated statements of financial position.

Directors’ Fees

The Company’s independent directors each receive an annual fee of $70,000. They also receive $2,500 plus reimbursement of reasonable out-of-pocket expenses incurred in connection with attending each in-person Board meeting and receive $1,000 plus reimbursement of reasonable out-of-pocket expenses incurred in connection with attending each committee meeting.

In addition, the chairman of the audit committee receives an annual fee of $10,000, the chairman of the valuation committee receives an annual fee of $10,000 and each chairman of any other committee receives an annual fee of $5,000 for their additional services in these capacities (all such fees and reimbursements collectively, “Directors’ Fees”). No compensation is paid to directors who are not independent of the Company and the Investment Adviser.

Our independent directors agreed to irrevocably waive a portion of their fees from the date of the Conversion through the quarter in which the Company executed the IPO. These fees are not subject to recoupment by the directors.

For the three and nine months ended September 30, 2014, independent directors earned Directors’ Fees of $95,554 and $282,805. For the three and nine months ended September 30, 2013, independent directors earned Directors’ Fees of $100,000 and $234,254 (net of fee waivers of $0 and $34,426, respectively). No Directors’ Fees were payable as of September 30, 2014 and December 31, 2013.

Affiliated Stockholders

GSOF LLC, GSOF-SP LLC, GSOF-SP II LLC, GSOF-SP DB LLC (subsidiaries of Garrison Special Opportunities Fund LP), GSOIF Corporate Loan Pools Ltd. (a subsidiary of Garrison Special Opportunities Institutional Fund LP), Garrison Capital Offshore Ltd. (a subsidiary of Garrison Credit Opportunities Holdings L.P.), Garrison Capital Fairchild I Ltd. (a subsidiary of Fairchild Offshore Fund L.P.), Garrison Capital Fairchild II Ltd. (a subsidiary of Fairchild Offshore Fund II L.P.) and Garrison Capital Adviser Holdings MM LLC (collectively, the “Garrison Funds”) are all entities that are owned by funds that are managed by the Investment Manager.

In connection with the secondary offering of shares of GARS common stock on July 17, 2014 under the Registration Statement on behalf of GSOF LLC, GSOF-SP LLC, GSOF-SP II LLC, GSOF-SP DB LLC, GSOIF Corporate Loan Pools Ltd., and Garrison Capital Offshore Ltd. (collectively, the “Garrison Offering Funds”), the Garrison Offering Funds have agreed to reimburse the Company for certain fees and expenses in the amount of $46,413 incurred in connection with the filing of the Company’s Registration Statement and the SEC’s review of the Registration Statement, based on the proportion of gross proceeds of the $250 million offering and certain fees and expenses in the amount of $21,838.

As of September 30, 2014, the Garrison Funds owned an aggregate of 2,057,170, or 12.3%, of the total outstanding common shares of GARS, and the officers and directors of the Company directly owned an aggregate of 66,049, or 0.4%, of the total outstanding common shares of GARS. As of December 31, 2013, the Garrison Funds owned an aggregate of 5,444,562, or 32.5%, of the total outstanding common shares of GARS, and the officers and directors of the Company directly owned an aggregate of 47,646, or 0.3%, of the total outstanding common shares of GARS.

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Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

8. Related Party Transactions – (continued)

Other

Garrison Loan Agency Services LLC acts as the administrative and collateral agent for certain loans held by the Company. No fees were paid by the Company to Garrison Loan Agency Services LLC during the nine months ended September 30, 2014 and 2013.

The Company may invest alongside other clients of the Investment Manager and their affiliates in certain circumstances where doing so is consistent with applicable law and SEC staff interpretations.

9. Financial Highlights

The following table represents financial highlights for the Company for the nine months ended September 30, 2014 and September 30, 2013:


	September 30, 2014			September 30, 2013
Per share data
Net asset value per common share at beginning of period	$	15.16		$	16.54
Increase in net assets from operations:
Net investment income		0.90			0.95
Net realized gain/(loss) on investments		0.65			(0.75	)
Net unrealized appreciation/(depreciation) on investments		(0.07	)		0.95
Net increase in net assets from operations		1.48			1.15
Stockholder transactions
Return of capital		—			—
Distributions-in-kind⁽¹⁾		—			(0.95	)
Cash distributions		(1.05	)		(0.94	)
From net investment income		—			—
From realized gains		—			—
Dilutive impact of share issuance⁽²⁾		—			(0.69	)
Total additions from and dividends and distributions to stockholders		(1.05	)		(2.58	)
Net asset value per common share at end of period	$	15.59		$	15.11
Per share market value at end of period		14.47			14.78
Total book return⁽³⁾		9.76	%		6.95	%
Total market return⁽⁴⁾		11.87	%		-1.47	%
Common shares outstanding at beginning of period		16,758,779			10,498,544
Common shares outstanding at end of period		16,758,779			16,758,779
Weighted average common shares outstanding		16,758,779			14,672,034
Net assets at beginning of period	$	254,080,598		$	173,669,492
Net assets at end of period	$	261,299,777		$	253,273,182
Average net assets⁽⁵⁾	$	261,545,190		$	221,560,995
Ratio of net investment income to average net assets⁽⁵⁾⁽⁹⁾		8.10	%		8.49	%
Ratio of net expenses to average net assets⁽⁵⁾⁽⁹⁾		10.80	%		5.00	%
Ratio of portfolio turnover to average investments at fair value⁽⁶⁾		72.39	%		43.43	%
Asset coverage ratio⁽⁷⁾		213.58	%		234.47	%
Average outstanding debt⁽⁸⁾	$	224,262,286		$	151,774,837
Average debt per common share	$	13.38		$	9.06

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Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

9. Financial Highlights – (continued)

(1)

Distributions in-kind were made to only those investors which held shares of the Company’s common stock prior to the IPO.

(2)

Dilution due to the issuance of shares in the IPO at $15.00 per share, which was below net asset value.

(3)

Total return equals the net increase of ending net asset value from operations over the net asset value per common share/members’ capital per unit at beginning of the period.

(4)

Based upon the change in market price per share during the period and takes into account distributions, if any, reinvested in accordance with our dividend reinvestment plan. Additionally, total market return for the nine months ended September 30, 2013 is based on the change in price per share from the initial public offering price per share as of March 27, 2013 to the closing price per share on September 30, 2013.

(5)

Calculated utlizing monthly net assets/members’ capital. Calculated based on annualized net investment income and expenses excluding any incentive fee attributable to realized and unrealized gains and any non-recurring expenses (loss on refinancing and accrued excise tax) less the total year-to-date (not annualized) incentive fee attributable to realized and unrealized gains and the total year-to-date (not annualized) non-recurring expenses.

(6)

Calculated based on monthly average investments at fair value.

(7)

(8)

Calculated based on monthly debt outstanding.

(9)

During the nine months ended September 30, 2013, the Investment Adviser waived $3,815,756 of management fees, the independent directors waived $34,426 of Directors’ fees and the GARS Administrator waived $101,197 of Administrator expenses. Had these expenses not been waived, the ratio of net investment income to average net assets and the ratio of total expenses to average net assets would have been 6.11% and 7.38%, respectively. There were no fee waivers for the nine months ended September 30, 2014.

10. Allocation of Profits and Losses

Prior to the Conversion, the Company’s members were issued Units of the Company that represented their limited liability company interests in Garrison Capital LLC. Profits and losses were allocated on a pro-rata basis to all members based on the number of Units held by each member in proportion to the aggregate number of all outstanding Units of the Company.

11. Earnings per Share

The following table sets forth the computation of the net increase in net assets per share/members’ capital units resulting from operations, pursuant to FASB ASC 260, Earnings per Share (“ASU 260”), for the nine months ended September 30, 2014 and September 30, 2013:


	Nine months ended September 30, 2014		Nine months ended September 30, 2013
Net increase in net assets resulting from operations	$	24,815,897	$	16,826,786
Basic weighted average shares outstanding		16,758,779		14,672,034
Basic earnings per share	$	1.48	$	1.15

12. Dividends and Distributions

The Company’s dividends and distributions are recorded on the ex-dividend date.

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Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

12. Dividends and Distributions – (continued)

On March 11, 2014, the Board approved a distribution in the amount of $5.9 million, or $0.35 a share, which was paid on March 28, 2014 to stockholders of record as of March 21, 2014.

On May 6, 2014, the Board approved a distribution in the amount of $5.9 million, or $0.35 a share, which was paid on June 27, 2014 to stockholders of record as of June 13, 2014.

On August 4, 2014, the Board approved a distribution in the amount of $5.9 million, or $0.35 a share, which was paid on September 26, 2014 to stockholders of record as of September 12, 2014.

Dividends from net investment income and distributions from net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined in accordance with U.S. GAAP.

13. Commitments and Contingencies

The Company had outstanding commitments to fund investments totaling $31,200,921 and $9,162,617 under various undrawn revolvers and other credit facilities as of September 30, 2014 and December 31, 2013, respectively.

In the ordinary course of business, the Company may be named as a defendant or a plaintiff in various lawsuits and other legal proceedings. Such proceedings include actions brought against the Company and others with respect to transactions to which the Company may have been a party. The outcomes of such lawsuits are uncertain and, based on these lawsuits, the values of the investments to which they relate could decrease. Management does not believe that as a result of litigation there would be any material impact on the consolidated financial condition of the Company. The Company has had no outstanding litigation proceedings brought against it since the commencement of operations on December 17, 2010.

14. Subsequent Events

On October 31, 2014, the Board approved a distribution in the amount of $5.9 million, or $0.35 a share, which will be paid on December 29, 2014 to stockholders of record as of December 12, 2014.

These consolidated financial statements were approved by the Board and were available for issuance on November 5, 2014. Subsequent events have been evaluated through this date. No material subsequent events other than as disclosed above have occurred through this date.

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Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations

The information contained in this section should be read in conjunction with our consolidated financial statements and related notes thereto appearing elsewhere in this quarterly report on Form 10-Q.

On October 9, 2012, Garrison Capital LLC, a Delaware limited liability company, converted into a corporation. In this conversion, Garrison Capital Inc. succeeded to the business of Garrison Capital LLC and its consolidated subsidiaries, and the members of Garrison Capital LLC became stockholders of Garrison Capital Inc. In this quarterly report on Form 10-Q, we refer to these transactions as the “BDC Conversion.” References to “we,” “us,” “our” and “Garrison Capital” refer to Garrison Capital LLC and its consolidated subsidiaries for the periods prior to the consummation of the BDC Conversion and refer to Garrison Capital Inc. and its consolidated subsidiaries for the periods after the consummation of the BDC Conversion.

Forward-Looking Statements

Some of the statements in this quarterly report on Form 10-Q constitutes forward-looking statements, which relate to future events or our future performance or financial condition. The forward-looking statements contained in this quarterly report on Form 10-Q involve risks and uncertainties, including statements as to:

•

our future operating results;

•

changes in political, economic or industry conditions, the interest rate environment or conditions affecting the financial and capital markets, which could result in changes to the value of our assets;

•

our business prospects and the prospects of our prospective portfolio companies;

•

the impact of investments that we expect to make;

•

the impact of increased competition;

•

our contractual arrangements and relationships with third parties;

•

the dependence of our future success on the general economy and its impact on the industries in which we invest;

•

the ability of our prospective portfolio companies to achieve their objectives;

•

the relative and absolute performance of our investment adviser;

•

our expected financings and investments;

•

the adequacy of our cash resources and working capital;

•

our ability to make distributions to our stockholders;

•

the timing of cash flows, if any, from the operations of our prospective portfolio companies; and

•

the impact of future acquisitions and divestitures.

We use words such as “anticipates,” “believes,” “expects,” “intends” and similar expressions to identify forward-looking statements. Our actual results could differ materially from those projected in the forward-looking statements for any reason, including the factors set forth as “Risk Factors” and elsewhere in this quarterly report on Form 10-Q.

We have based the forward-looking statements included in this quarterly report on Form 10-Q on information available to us on the date of this report, and we assume no obligation to update any such forward-looking statements. Although we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures that we may make directly to you or through reports that we in the future may file with the U.S. Securities and Exchange Commission, or the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.

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You should understand that, under Section 27A(b)(2)(B) of the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to statements made in connection with this quarterly report on Form 10-Q or any periodic reports we file under the Exchange Act.

Overview

We are a recently organized, externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended, or the 1940 Act. In addition, for tax purposes, we have elected to be treated as a regulated investment company, or RIC, under Subchapter M of the Internal Revenue Code of 1986, as amended, or the Code, beginning October 9, 2012 and intend to qualify annually for such treatment. Our shares are currently listed on the NASDAQ Global Select Market under the symbol “GARS”.

Our investment objective is to generate current income and capital appreciation by making investments generally in the range of $5 million to $25 million primarily in debt securities and loans of U.S. based middle-market companies, which we define as those having annual earnings before interest, taxes and depreciation, or EBITDA, of between $5 million and $30 million. Our goal is to generate attractive risk-adjusted returns by assembling a broad portfolio of investments.

We invest primarily in (1) first lien senior secured loans, (2) second lien senior secured loans, (3) “one-stop” senior secured or “unitranche” loans, (4) subordinated or mezzanine loans, (5) unsecured consumer loans and (6) to a lesser extent, selected equity co-investments in middle-market companies. We use the term “one-stop” or “unitranche” to refer to a loan that combines characteristics of traditional first lien senior secured loans and second lien or subordinated loans. We use the term “mezzanine” to refer to a loan that ranks senior only to a borrower’s equity securities and ranks junior in right of payment to all of such borrower’s other indebtedness.

We believe that the middle market offers attractive risk-adjusted returns for debt investors. Historically, we believe there has been a persistent scarcity of available capital relative to demand, which, from a lender’s perspective, has generally resulted in more favorable transaction structures, including enhanced covenant protection and increased pricing relative to larger companies. We further believe that the turmoil in the markets has exacerbated this scarcity of capital, as many traditional lenders to middle-market companies have exited the business or focused their attention on larger borrowers. In addition, we believe middle-market companies traditionally have exhibited lower default rates and improved recoveries compared to larger borrowers and typically offer greater access to key senior managers, which we believe further enhances the attractiveness of lending to this market segment and facilitates due diligence investigations and regular monitoring.

Our investment activities are managed by our Investment Adviser. Our five member investment committee is comprised of Joseph Tansey, Rafael Astruc, Brian Chase, Mitch Drucker and Susan George. Our Investment Adviser is responsible for sourcing potential investments, conducting research and diligence on prospective investments and equity sponsors, analyzing investment opportunities, structuring our investments and monitoring our investments and portfolio companies on an ongoing basis. Under an investment advisory agreement, or the Investment Advisory Agreement, with the Investment Adviser, we pay the Investment Adviser a base management fee and an incentive fee for its services. Garrison Capital Administrator LLC, or the Administrator, provides certain administrative services and facilities necessary for us to operate, including office facilities and equipment and clerical, bookkeeping and record-keeping services, pursuant to an administration agreement, or the Administration Agreement. The Administrator oversees our financial reporting and prepares our reports to stockholders and reports required to be filed with the SEC. The Administrator also manages the determination and publication of our net asset value and the preparation and filing of our tax returns and generally monitors the payment of our expenses and the performance of administrative and professional services rendered to us by others. The Administrator may retain third parties to assist in providing administrative services to us. To the extent that the Administrator outsources any of its functions, we pay the fees associated with such functions on a direct basis without any profit to the Administrator.

As of September 30, 2014, we held investments in 56 portfolio companies with a fair value of $448.6 million, including investments in 47 portfolio companies held through GF 2013-2. The investments held by GF 2013-2

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as of September 30, 2014 consisted of senior secured and second lien loans fair valued at $328.3 million. As of that date, the loans held by GF 2013-2 (held at fair value), together with cash and other assets held by GF 2013-2, equaled approximately $348.5 million. As of September 30, 2014, our portfolio had an average investment size of approximately $6.6 million, a weighted average yield of 10.0% and a weighted average contractual maturity of 45 months. Weighted average yield is calculated based on the fair value of the investments and interest expected to be received using the current rate of interest at the balance sheet date to maturity, excluding the effects of future schedule principal amortizations.

As of December 31, 2013, we held investments in 70 portfolio companies with a fair value of $429.1 million, including investments in 56 portfolio companies held through Garrison Funding 2013-2 LLC, or GF 2013-2. The investments held by GF 2013-2 as of December 31, 2013 consisted of senior secured loans fair valued at $331.7 million and related indebtedness of $209.7 million. As of that date, the loans held by GF 2012-2 (held at fair value), together with cash and other assets held by GF 2013-2, equaled approximately $369.2 million. As of December 31, 2013, our portfolio had an average investment size of approximately $5.0 million, a weighted average yield of 9.8% and a weighted average contractual maturity of 46 months.

Revenues

We generate revenue in the form of interest earned on the debt investments that we hold and capital gains and distributions, if any, on the warrants or other equity interests that we may acquire in portfolio companies. Our debt investments, whether in the form of senior secured, unitranche or mezzanine loans, typically have a term of one to seven years and bear interest at a fixed or floating rate. Interest is generally payable quarterly or semiannually, with the amortization of principal generally being deferred for several years from the date of the initial investment. In some cases, loans may have a payment-in-kind feature. The principal amount of the debt securities and any accrued but unpaid interest will generally become due at the maturity date. In addition, we may generate revenue in the form of commitment, origination, structuring or diligence fees, fees for providing managerial assistance and possibly consulting fees. Loan origination fees, original issue discount and market discount are recorded as a reduction of the cost basis, and we then accrete such amounts into interest income. Upon the prepayment of a loan or debt security, any unamortized loan origination fees are recorded as interest income. We record prepayment premiums on loans and debt securities as interest income when we receive such amounts.

Expenses

Our primary operating expenses include the payment of (1) the base management fee and incentive fee to the Investment Adviser under the Investment Advisory Agreement; (2) the allocable portion of overhead to the Administrator under the Administration Agreement; (3) the interest expense on our outstanding debt, if any; and (4) our other operating costs, as detailed below. We bear all other costs and expenses of our operations and transactions, including:

•

our organization;

•

calculating our net asset value and net asset value per share (including the cost and expenses of any independent valuation firm);

•

fees and expenses, including travel expenses, incurred by the Investment Adviser or payable to third parties in performing due diligence on prospective portfolio companies, monitoring our investments and, if necessary, enforcing our rights;

•

offerings of our common stock and other securities;

•

distributions on our shares;

•

transfer agent and custody fees and expenses;

•

amounts payable to third parties relating to, or associated with, evaluating, making and disposing of investments;

•

brokerage fees and commissions;

•

registration fees;

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•

listing fees;

•

taxes;

•

independent director fees and expenses;

•

costs associated with our reporting and compliance obligations under the 1940 Act and applicable U.S. federal and state securities laws;

•

the costs of any reports, proxy statements or other notices to our stockholders, including printing costs;

•

costs of holding stockholder meetings;

•

our fidelity bond;

•

directors and officers/errors and omissions liability insurance and any other insurance premiums;

•

litigation, indemnification and other non-recurring or extraordinary expenses;

•

direct costs and expenses of administration and operation, including audit and legal costs;

•

fees and expenses associated with marketing efforts;

•

dues, fees and charges of any trade association of which we are a member; and

•

all other expenses reasonably incurred by us or the Administrator in connection with administering our business, including the allocable portion of overhead under the Administration Agreement, rent and our allocable portion of the costs and expenses of our chief compliance officer, chief financial officer and their respective staffs.

During periods of asset growth, we expect our general and administrative expenses to be relatively stable or decline as a percentage of total assets and increase during periods of asset declines. Incentive fees, interest expenses and costs relating to future offerings of securities would be additive to the expenses described above.

Recent Developments

On October 31, 2014, the Board approved a distribution in the amount of $5.9 million, or $0.35 a share, which will be paid on December 29, 2014 to stockholders of record as of December 12, 2014.

Market Trends

Leveraged loan volume eased during the third quarter of 2014 compared to the second quarter of 2014. Volume was primarily driven by merger and acquisition activity in the broader middle-market. Retail demand for leveraged loans slowed and although somewhat offset by demand from the CLO market overall prices were lower compared to the second quarter.

Second-lien loan activity slowed in line with the overall market during the third quarter of 2014 compared to the second quarter of 2014. We believe there continues to be a scarcity of capital in the lower middle-market as many traditional lenders to these companies have exited the business due to regulatory restrictions, and many competitors have moved up-market to focus their attention on larger borrowers. Sponsor and club business continues to represent the majority of direct lending opportunities in the lower middle-market, although we have seen banks, other non-bank finance companies and funds begin to participate in select one-off financings as a result of the increase in available capital. We believe that our expertise in providing non-traditional financing solutions to the lower middle-market allows us to tailor loan structures that meet borrower objectives while commanding premium pricing and maximizing the preservation of capital although increased competition could result in spread compression.

Consolidated Results of Operations

The results of operations described below may not be indicative of the results we report in future periods. Net income can vary substantially from period to period for various reasons, including the recognition of realized gains and losses and unrealized appreciation and depreciation. As a result, quarterly comparisons of net income may not be meaningful.

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Consolidated operating results for the three and nine months ended September 30, 2014 and September 30, 2013 are as follows:


(in thousands)	Three Months Ended September 30, 2014			Three Months Ended September 30, 2013			Three Months Variance			Nine Months Ended September 30, 2014			Nine Months Ended September 30, 2013			Nine Months Variance
	(Unaudited)			(Unaudited)						(Unaudited)			(Unaudited)
Net investment income	$	6,261		$	5,914		$	347		$	15,128		$	14,001		$	1,127
Total investment income		12,944			9,338			3,606			37,073			22,422			14,651
Net expenses		6,683			3,423			3,260			21,945			8,421			13,524
Net realized gain/(loss) on investments		1,198			(5,690	)		6,888			10,894			(11,041	)		21,935
Net change in unrealized (depreciation)/appreciation on investments		(2,378	)		6,529			(8,907	)		(1,206	)		13,867			(15,073	)

Net Investment Income

Net investment income for the three and nine months ended September 30, 2014 was $6.3 million and $15.1 million, respectively. Net investment income for the three and nine months ended September 30, 2013 was $5.9 million and $14.0 million, respectively.

Net investment income increased by $0.3 million for the three months ended September 30, 2014 from the three months ended September 30, 2013 and increased by $1.1 million for the nine months ended September 30, 2014 from the nine months ended September 30, 2013 as described below under “Investment Income” and “Expenses.”

Investment Income

Investment income for the three and nine months ended September 30, 2014 was $12.9 million and $37.1 million, respectively. Investment income for the three and nine months ended September 30, 2013 was $9.3 million and $22.4 million, respectively.

Investment income increased by $3.6 million for the three months ended September 30, 2014 from the three months ended September 30, 2013 due to an increase in interest income in the amount of $2.7 million and an increase in other income of $0.9 million. The increase in interest income was largely driven by the increase in the average portfolio investment balance during the three months ended September 30, 2014 as compared to September 30, 2013 due to the deployment of capital from the Company’s IPO. The increase in other income was driven by prepayment premiums received during the three months ended September 30, 2014.

Investment income increased by $14.7 million for the nine months ended September 30, 2014 from the nine months ended September 30, 2013 due to an increase in interest income in the amount of $12.5 million, an increase in other income of $1.8 million and an increase in dividend income in the amount of $0.4 million. The increase in interest income was largely driven by the increase in the average portfolio investment balance during the nine months ended September 30, 2014 as compared to September 30, 2013 due to the deployment of capital from the Company’s IPO. The increase in other income was driven by prepayment premiums received during the nine months ended September 30, 2014.

Expenses

Total expenses for the three and nine months ended September 30, 2014 were $6.7 million and $21.9 million, respectively. Total expenses for the three and nine months ended September 30, 2013 were $3.4 million and $8.4 million, respectively.

There were no fee or expense waivers for the three and nine months ended September 30, 2014. Total expenses for the three and nine months ended September 30, 2013 included total fee and expense waivers of $1.8 million and $4.0 million, respectively. Fee waivers for the three months ended September 30, 2013 were comprised of $1.9 million of management fees waived by the investment adviser. Fee waivers for the nine months ended September 30, 2013 were comprised of $3.8 million of management fees waived by the

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investment adviser and an aggregate of $0.1 million of directors’ fees waived by the independent directors and administration expenses waived by the Administrator.

The following tables summarize our expenses, net of fee waivers, and excluding accrued excise tax, the loss on refinancing of GLC Trust 2013-2 Revolver and the loss on refinancing of senior secured notes for the three and nine months ended September 30, 2014 and September 30, 2013, respectively:


*(in thousands)*	Three Months Ended September 30, 2014		Three Months Ended September 30, 2013		Three Months Variance			Nine Months Ended September 30, 2014		Nine Months Ended September 30, 2013		Nine Months Variance
		(Unaudited)		(Unaudited)					(Unaudited)		(Unaudited)
Interest	$	1,871	$	1,898	$	(27	)	$	5,226	$	4,901	$	325
Management fees		2,024		—		2,024			5,997		593		5,404
Incentive fees		1,270		—		1,270			7,066		—		7,066
Professional fees		255		356		(101	)		915		964		(49	)
Directors fees		96		100		(4	)		283		234		49
Administrator expenses		164		218		(54	)		568		487		81
Other expenses		624		425		199			1,510		815		695
Total expenses	$	6,304	$	2,997	$	3,307		$	21,565	$	7,994	$	13,571

Interest expense increased $0.3 million for the nine months ended September 30, 2014 as compared to the nine months ended September 30, 2013 primarily due to an increase in average debt outstanding. As of September 30, 2014 and September 30, 2013, we had $228.0 and $187.7 million of debt outstanding, respectively.

Management fees increased $2.0 million and $5.4 million for the three and nine months ended September 30, 2014, respectively, from the three and nine months ended September 30, 2013 primarily due to the increase in total assets, as well as the change in the calculation of the management fees at the time of our initial public offering. Prior to the BDC Conversion, management fees were calculated as 1.50% of gross assets, excluding cash and cash equivalents but including assets purchased with borrowed funds (as defined in the financial statements). Post-BDC Conversion, management fees are calculated as 1.75% of gross assets, excluding cash and cash equivalents but including assets purchased with borrowed funds (as defined in the financial statements). For the three months ended March 31, 2013, the Investment Adviser irrevocably waived base management fees due under the Investment Advisory Agreement in excess of an annual rate of 1.50% of the average of the value of our net assets, including cash and cash equivalents (as defined in the financial statements), calculated at the end of the two most recently completed calendar quarters. For the three months ended June 30, 2013 and September 30, 2013, the Investment Adviser waived all management fees. The waived fees are not subject to recoupment by the Investment Adviser.

Incentive fees increased $1.3 million and $7.1 million for the three and nine months ended September 30, 2014, respectively, from the three and nine months ended September 30, 2013 primarily due to the increase in net investment income and realized gains, as well as the expiration of the full incentive fee waivers previously granted by the Investment Adviser. The waived fees are not subject to recoupment by the Investment Adviser.

Professional fees for the three months ended September 30, 2014 decreased by $0.1 million, from the three months ended September 30, 2013. Professional fees decreased by $0.1 million for the three months ended September 30, 2014 from the three months ended September 30, 2013 primarily a result of a decrease in audit and tax fees.

Other expenses for the three months ended September 30, 2014 increased by $0.2 million from the three months ended September 30, 2013 primarily as a result of servicing and other fees incurred by GLC Trust 2013-2. Other expenses for the nine months ended September 30, 2014 increased by $0.7 million from the nine months ended September 30, 2013 primarily as a result of premiums related to insurance policies entered into as a result of the completion of our IPO, as well as servicing and other fees incurred by GLC Trust 2013-2.

Accrued excise tax for the three and nine months ended September 30, 2014 totaled $0.1 million.

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Net Realized Gain (Loss) and Unrealized Gain (Loss) on Investments

For the three and nine months ended September 30, 2014, we realized net gain on investments of $1.2 million and $10.9 million, respectively.

Net realized gains for the three months ended September 30, 2014 were the result of the sale of five portfolio companies, the early full repayment of eight portfolio companies and other partial repayments.

Net realized gains for the nine months ended September 30, 2014 were driven primarily by $8.1 million of realized gains incurred from the sale of the parent company of one portfolio company, Anchor Drilling Fluids USA, Inc. (“Anchor”), resulting in the early full repayment of the debt and sale of the equity, with the remaining net realized gain of $2.8 million resulting from the sale of thirteen portfolio companies, early full repayment of twenty-seven portfolio companies and other partial repayments.

For the three and nine months ended September 30, 2013, we realized net loss on investments of $(5.7) million and $(11.0) million, respectively.

Net realized losses for the three months ended September 30, 2013 were driven primarily by $(6.0) million of realized losses incurred as a result of the early full repayment of two portfolio companies. This was offset by net realized gains of $0.3 million resulting from the sale of thirteen portfolio companies, the early full repayment of four portfolio companies, one refinancing and other partial repayments.

Net realized losses for the nine months ended September 30, 2013 were driven primarily by $(5.7) million of realized losses incurred as a result of the distribution-in-kind of the assets of Next Generation Vending, LLC and $(6.0) million of realized losses incurred as a result of the early full repayment of two portfolio companies. This was offset by net realized gains of $0.7 million resulting from the early full repayment of twenty one portfolio companies, the sale of seventeen portfolio companies, one refinancing and other partial repayments.

For the three and nine months ended September 30, 2014, the net change in unrealized depreciation on investments was $(2.4) million and $(1.2) million, respectively.

The net change in unrealized depreciation for the three months ended September 30, 2014 was driven primarily by the negative credit related adjustment of one portfolio company in the amount of $(1.5) million. The remaining net change in unrealized depreciation on investments was due to the reversal of prior period unrealized appreciation of $(1.1) million, offset by the increase in the market value of the remaining portfolio of $0.2 million.

The net change in unrealized depreciation for the nine months ended September 30, 2014 was driven primarily by the reversal of prior period unrealized appreciation in the amount of $(1.8) million as a result of the sale of the parent company of Anchor and the negative credit related adjustment of two portfolio companies in the amount of $(3.3) million, offset by the increase in value of two portfolio companies in the amount of $3.8 million. The remaining net change in unrealized depreciation on investments was due to the reversal of prior period unrealized appreciation of $(0.6) million, offset by the increase in the market value of the remaining portfolio in the amount of $0.7 million.

For the three and nine months ended September 30, 2013, the net change in unrealized appreciation on investments was $6.5 million and $13.9 million, respectively.

The net change in unrealized appreciation for the three months ended September 30, 2013 was driven primarily by the reversal of prior period unrealized depreciation in the amount of $6.0 million as a result of the full repayment of two portfolio companies. The remaining net change in unrealized appreciation on investments was due to the increase in the market value of the remaining portfolio in the amount of $0.6 million, offset by the reversal of prior period unrealized appreciation of $(0.1) million.

The net change in unrealized appreciation for the nine months ended September 30, 2013 was driven primarily by the $5.7 million reversal of unrealized depreciation as a result of the distribution-in-kind of the investment in Next Generation Vending, LLC, the increase in the value of one portfolio company in the amount of $1.7 million and the reversal of prior period unrealized depreciation in the amount of $5.6 million as a result of the full repayment of two portfolio companies. The remaining net change in unrealized

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depreciation on investments was due to the increase in the market value of the remaining portfolio in the amount of $2.0 million and the reversal of prior period unrealized depreciation of $0.3 million, offset by negative credit related adjustment of two portfolio companies in the amount of $(1.4) million.

Net Increase in Net Assets from Operations

We had a net asset value per common share outstanding on September 30, 2014 of $15.59. We had a net asset value per common share outstanding on December 31, 2013 of $15.16.

Based on 16,758,779 basic weighted average shares outstanding, the net increase in net assets from operations per share for the nine months ended September 30, 2014 was $1.48.

Based on 14,672,034 basic weighted average shares outstanding, the net increase in net assets from operations per share for the nine months ended September 30, 2013 was $1.15.

Liquidity and Capital Resources

As a business development company, we distribute substantially all of our net income to our stockholders and will have an ongoing need to raise additional capital for investment purposes. We generate cash primarily from offerings of our securities, the CLO, as described below, the GLC Trust 2013-2 Notes, other borrowings we may incur and cash flows from operations.

In addition to proceeds from public and private offerings of securities, our CLO and our GLC Trust 2013-2 Notes, as of September 30, 2014 we have identified eleven portfolio companies with a total par value of $45.4 million and a fair value of $44.7 million which are transitory, which we define as those investments that generally yield less than 9.0%. We view these investments as an additional source of liquidity to meet our investment objectives.

Our primary use of funds from operations includes investments in portfolio companies, cash distributions to holders of our common stock, payments of interest on our debt, and payments of fees and other operating expenses we incur. We believe that our existing cash and cash equivalents and our transitory portfolio as of September 30, 2014 will be sufficient to fund our anticipated funding requirements through at least September 30, 2015.

On March 11, 2014 the Board approved a distribution in the amount of $5.9 million, or $0.35 a share, which was paid on March 28, 2014 to stockholders of record as of March 21, 2014. On May 6, 2014, the Board approved a distribution in the amount of $5.9 million, or $0.35 a share, which was paid on June 27, 2014 to stockholders of record as of June 13, 2014. On August 4, 2014, the Board approved a distribution in the amount of $5.9 million, or $0.35 a share, which was paid on September 26, 2014 to stockholders of record as of September 12, 2014.

As of September 30, 2014 and December 31, 2013, we had cash and cash equivalents of $25.6 million and $13.7 million, respectively. Also, as of September 30, 2014 and December 31, 2013, we had restricted cash and cash equivalents of $15.5 million and $28.0 million, respectively. For purposes of U.S. generally accepted accounting principles, or U.S. GAAP, we consider cash equivalents to be highly liquid financial instruments with original maturities of three months or less and cash held in overnight sweep deposit accounts.

During the nine months ended September 30, 2014, cash and cash equivalents increased by $11.9 million as a result of net cash provided by operating activities of $21.5 million offset by cash used in financing activities in the amount of $9.6 million.

During the nine months ended September 30, 2014, cash provided by operating activities resulted mainly from net investment income in the amount of $15.1 million, $10.9 million of realized gains, repayments and sales of investments in the amount of $225.7 million and $91.4 million, respectively, as well as an increase in payables to affiliates in the amount of $3.6 million and a decrease in due from counterparties in the amount of $5.0 million, offset by purchases of investments in the amount of $325.0 million and a decrease in due to counterparties in the amount of $2.7 million. Net cash used in financing activities resulted from cash distributions in the amount of $17.6 million, repayments on the Class A-1R note in the amount of $16.0 million, repayment of the GLC Trust 2013-2 Revolver in the amount of $9.7 million and debt issuance costs of $0.5 million, offset by proceeds from the GLC Trust 2013-2 Notes in the amount of $34.2 million.

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During the nine months ended September 30, 2013, cash and cash equivalents decreased by $18.6 million as a result of net cash used in operating activities of $151.1 million offset by cash provided by financing activities in the amount of $132.5 million.

During the nine months ended September 30, 2013, cash used in operating activities resulted from purchases of investments in the amount of $344.1 million offset by repayments and sales of investments in the amount of $100.0 million and $47.0 million, respectively, a decrease in cash and cash equivalents restricted accounts in the amount of $39.1 million, an increase in due to counterparties of $5.5 million and net investment income in the amount of $14.0 million. Net cash provided by financing activities resulted from proceeds received from net capital contributions from the sale of common shares of $86.9 million and borrowings in the amount of $50.0 million on the revolving loans and $12.7 million on the Class A-1T notes under the Credit Facility, offset by cash distributions in the amount of $14.1 million and debt issuance costs of $3.0 million.

As of September 30, 2014 and December 31, 2013, we had $31.2 million and $9.2 million, respectively, of unfunded obligations with a fair value of $(0.5) million and $(0.1) million, respectively. These amounts may or may not be funded to the borrowing party now or in the future. The unfunded commitments relate to loans with various maturity dates, but the entire amount was eligible for funding to the borrowers as of September 30, 2014 and December 31, 2013, respectively, subject to the terms of each loan’s respective credit agreement.

Portfolio Composition and Select Portfolio Information

As of September 30, 2014, we held investments in 56 portfolio companies with a fair value of $448.6 million. As of September 30, 2014, our portfolio had an average investment size of approximately $6.6 million, a weighted average yield of 10.0% and a weighted average contractual maturity of 45 months.

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The following table shows select information of our portfolio for the periods from September 30, 2013 to September 30, 2014.


Summary of Portfolio characteristics ($ in millions)	September 30, 2014			June 30, 2014			March 31, 2013			December 31, 2013			September 30, 2013
Total Market Value	$	448.6		$	433.6		$	455.2		$	429.1		$	411.5
Number of portfolio companies		56			62			71			70			71
Average investment size⁽¹⁾	$	6.6		$	5.8		$	5.3		$	5.0		$	5.1
Weighted average yield⁽²⁾		10.0	%		10.4	%		10.0	%		9.8	%		9.5	%
Weighted average price⁽¹⁾		98.0			98.3			99.1			99.2			98.6
First lien		78.8	%		77.1	%		85.3	%		88.1	%		90.8	%
Second lien		6.2	%		4.%			5.2	%		4.3	%		3.3	%
Mezzanine		1.6	%		1.7	%		1.6	%		1.7	%		1.7	%
Subordinated		0.9	%		1.3	%		—	%		—	%		—	%
Unsecured		—	%		1.5	%		—	%		—	%		—	%
Consumer loans		9.0	%		10.5	%		5.3	%		3.9	%		2.2	%
Real estate loans		2.3	%		2.3	%		2.2	%		—	%		—	%
Equity		1.2	%		1.5	%		0.4	%		2.0	%		1.9	%
Core⁽⁵⁾		90.0	%		83.7	%		70.6	%		68.0	%		57.2	%
Transitory⁽⁵⁾		10.0	%		16.3	%		29.4	%		32.0	%		42.8	%
Originated⁽³⁾		46.9	%		39.6	%		36.1	%		32.3	%		26.3	%
Club⁽⁴⁾		24.2	%		24.7	%		19.9	%		15.8	%		15.0	%
Purchased		28.9	%		35.7	%		44.0	%		51.9	%		58.7	%
Fixed⁽¹⁾		13.8	%		12.3	%		8.1	%		5.0	%		4.1	%
Floating⁽¹⁾		86.2	%		87.7	%		91.9	%		95.0	%		95.9	%
Performing⁽¹⁾		99.1	%		98.8	%		100.0	%		100.0	%		98.9	%
Non-performing⁽¹⁾		0.9	%		1.2	%		—	%		—	%		1.1	%
Weighted average debt/EBITDA⁽¹⁾⁽²⁾⁽⁶⁾		3.4x			3.5x			3.5x			3.6x			3.7x
Weighted average risk rating⁽¹⁾		2.40			2.40			2.28			2.21			2.21

(1)

Excludes consumer loans and equity investments.

(2)

Excludes investments with a risk rating of 4, unfunded revolvers and equity investments.

(3)

Originated positions include investments where we have sourced and led the execution of the deal.

(4)

Club positions include investments where we provided direct lending to a borrower with one or two other lenders but did not lead the deal.

(5)

June 30, 2014 includes the transfer of three portfolio companies with a par value of $13.2 million and a weighted average yield of 19.3%, from Transitory to Core. Excluding these investments from the current quarter core the average yield of core deals closed during the quarter was 11.8%.

(6)

Excludes non-operating portfolio companies, which we define as those loans collateralized by real estate, proved developed producing value or other hard assets.

Ongoing Monitoring

We view active portfolio monitoring as a vital part of the investment process. Our Investment Adviser monitors the financial trends of each portfolio company to determine if they are meeting their respective business plans and to assess the appropriate course of action for each company.

Our Investment Adviser uses several methods of evaluating and monitoring the performance and fair value of our investments, which may include the following:

•

assessment of success in adhering to portfolio company’s business plan and compliance with covenants;

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•

periodic and regular contact with portfolio company management and, if appropriate, the portfolio company’s financial or strategic sponsor, to discuss financial position, requirements and accomplishments;

•

comparisons to other portfolio companies in the industry, if any;

•

attendance at and participation in board meetings; and

•

review of monthly and quarterly financial statements and financial projections for portfolio companies.

Our Investment Adviser assigns an internal rating for each of our portfolio companies. The rating scale is a numeric scale of 1 to 4 based on the credit attributes and prospects of the portfolio company’s business. In general, we use the ratings as follows:

•

a rating of 1 denotes a high quality investment with no loss of principal expected;

•

a rating of 2 denotes a moderate to high quality investment with no loss of principal expected;

•

a rating of 3 denotes a moderate quality investment with market rates of expected loss of principal and potential non-compliance with financial covenants; and

•

a rating of 4 denotes a low quality investment with an expected loss of principal. In case of risk grade 4 loans, our Investment Adviser will assign a recovery value to the loan.

The following table shows the distribution of our investments on the 1 to 4 investment performance rating scale at fair value as of September 30, 2014 and December 31, 2013.


	As of September 30, 2014					As of December 31, 2013
($ in millions)	Investments at Fair Value⁽¹⁾		Percentage of Total Investments			Investments at Fair Value⁽¹⁾		Percentage of Total Investments
Risk Rating 1	$	12.8		3.3	%	$	2.9		0.7	%
Risk Rating 2		229.4		58.4			330.8		82.0
Risk Rating 3		139.8		35.6			69.5		17.2
Risk Rating 4		10.5		2.7			0.5		0.1
	$	392.5		100.0	%	$	403.7		100.0	%

(1)

Excludes $56.1 million and $25.4 million of consumer loans, real estate loans and equity investments as of September 30, 2014 and December 31, 2013, respectively. Certain reclassifications have been made for previous periods in order to conform to the current period’s presentation.

Inflation

Inflation has not had a significant effect on our results of operations in any of the reporting periods presented in our financial statements. However, from time to time, inflation may impact the operating results of our portfolio companies.

Off-Balance Sheet Arrangements

We may become a party to financial instruments with off-balance sheet risk in the normal course of our business to meet the financial needs of our portfolio companies. These instruments may include commitments to extend credit and involve, to varying degrees, elements of liquidity and credit risk in excess of the amount recognized in the balance sheet. As of September 30, 2014 and December 31, 2013, we had $31.2 million and $9.7 million of outstanding commitments to fund such investments, respectively.

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Contractual Obligations

A summary of our significant contractual payment obligations as of September 30, 2014 is as follows:


	Payments Due by Period (in millions)
	Less Than 1 Year		1 – 3 Years		3 – 5 Years		More Than 5 Years		Total
CLO	$	—	$	—	$	—	$	194.4	$	194.4
GLC Trust 2013-2 Class A Notes		—		—		—		34.8		34.8
Unfunded commitments⁽¹⁾		31.2		—		—		—		31.2
Commitments to purchase loans		—		—		—		—		—
Total contractual obligations	$	31.2	$	—	$	—	$	229.2	$	260.4

(1)

Unfunded commitments represent all amounts unfunded as of September 30, 2014. These amounts may or may not be funded to the borrowing party in the future. The unfunded commitments are related to senior secured revolving loans. We reflect this amount in the less than one-year category because the entire amount was eligible for funding as of September 30, 2014.

We have certain contracts under which we have material future commitments. Under the Investment Advisory Agreement, the Investment Adviser provides us with investment advisory and management services. We have agreed to pay for these services (1) a base management fee equal to a percentage of the average adjusted value of our gross assets and (2) an incentive fee based on our performance.

We entered into the Administration Agreement on October 9, 2012 with the Administrator. Under the Administration Agreement, the Administrator furnishes us with office facilities and equipment, provides us clerical, bookkeeping and record keeping services and provides us with other administrative services necessary to conduct our day-to-day operations.

If any of the contractual obligations discussed above are terminated, our costs under any new agreements that we enter into may increase. In addition, we would likely incur significant time and expense in locating alternative parties to provide the services we expect to receive under our Investment Advisory Agreement and our Administration Agreement. Any new investment advisory agreement would also be subject to approval by our stockholders.

Both the Investment Advisory Agreement and the Administration Agreement may be terminated by either party without penalty upon no fewer than 60 days’ written notice to the other.

Critical Accounting Policies

The preparation of our financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Changes in the economic environment, financial markets and any other parameters used in determining such estimates could cause actual results to differ. We have identified the following as critical accounting policies.

Basis for Consolidation

Under the investment company rules and regulations pursuant to the American Institute of Certified Public Accountants Audit and Accounting Guide for Investment Companies, codified in Topic 946, Financial Services-Investment Companies, or ASC Topic 946, we are precluded from consolidating any entity other than another investment company. We generally consolidate any investment company when we own 100% of its partners’ or members’ capital or equity units. ASC Topic 946 also provides an exception to the aforementioned if the investment company has an investment in a controlled operating company that provides substantially all of its services to the investment company. GF 2013-2 Manager owns a 100% equity interest in GF 2013-2, which is an investment company for accounting purposes, and also provides collateral management services solely to GF 2013-2. As such, we have consolidated the accounts of these entities into our financial statements. Our blocker subsidiaries, Walnut Hill II LLC, Forest Park II LLC and GLC Trust 2013-2, are 100% owned investment companies for accounting purposes. As such, we have consolidated the accounts of these entities into our financial statements. As a result of this consolidation, the amounts outstanding under the CLO and the GLC Trust 2013-2 Notes are treated as our indebtedness. We dissolved Garrison Capital CLO Ltd. as of April 8, 2013 and GF 2010-1 was dissolved on June 5, 2013.

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Valuation of Portfolio Investments

We value our investments in accordance with ASC, Topic 820, Fair Value Measurements and Disclosures, or ASC 820. ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosures about assets and liabilities measured at fair value. ASC 820’s definition of fair value focuses on exit price in the principal, or most advantageous, market and prioritizes the use of market-based inputs over entity-specific inputs within a measurement of fair value. ASC 820 classifies the inputs used to measure these fair values into the following hierarchy:

Level 1 —

quoted unadjusted prices in active markets for identical investments as of the reporting date.

Level 2 —

other significant observable inputs (including quoted prices for similar investments, interest rates, prepayments, credit risk, etc.).

Level 3 —

significant unobservable inputs (including the Investment Adviser’s own assumptions about the assumptions market participants would use in determining the fair values of investments).

Our portfolio consists of primarily debt investments and unsecured consumer loans. The fair value of our investments is initially determined by investment professionals of the Investment Adviser and ultimately determined by the Board on a quarterly basis.

In valuing our debt investments, the Investment Adviser generally uses various approaches, including, but not limited to, proprietary models that consider the analyses of independent valuation agents as well as credit risk, liquidity, market credit spreads, other applicable factors for similar transactions, bid quotations obtained from other financial institutions that trade in similar investments or based on bid prices provided by independent third party pricing services.

The types of factors that the Board may take into account when reviewing the fair value initially derived by the Investment Adviser and determining the fair value of the our debt investments generally include, as appropriate, comparison to publicly traded securities, including such factors as yield, maturity and measures of credit quality, the enterprise value of a portfolio company, the nature and realizable value of any collateral, the portfolio company’s ability to make payments and its earnings and discounted cash flow, the markets in which the portfolio company does business and other relevant factors.

In valuing our unsecured consumer loans, the Investment Adviser generally uses a discounted cash flow methodology based upon a set of assumptions. The primary assumptions used to value the unsecured consumer loans include prepayment and default rates derived from historical performance, actual performance as compared to historical projections and discount rate.

The types of factors that the Board may take into account when reviewing the fair value initially derived by the Investment Adviser and determining the fair value of the our consumer loan investments generally include, as appropriate, prepayment and default rates derived from historical performance, actual performance as compared to historical projections and discount rates.

Our Board of Directors has retained several independent valuation firms to review the valuation of each portfolio investment that does not have a readily available market quotation at least once during each 12-month period. To the extent a security is reviewed in a particular quarter, it is reviewed and valued by only one service provider. However, our Board of Directors does not intend to have de minimis investments of less than 0.5% of our total assets (up to an aggregate of 10% of our total assets) independently reviewed. Our Board of Directors is ultimately and solely responsible for determining the fair value of our assets using a documented valuation policy and consistently applied valuation process.

Due to the nature of our strategy, our portfolio includes relatively illiquid investments that are privately held. Inputs into the determination of fair value of our portfolio investments require significant management judgment or estimation. This means that our portfolio valuations are based on unobservable inputs and our own assumptions about how market participants would price the asset or liability in question. Valuations of privately held investments are inherently uncertain and they may fluctuate over short periods of time and may

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be based on estimates. The determination of fair value by our board of directors may differ materially from the values that would have been used if a ready market for these investments existed. Our net asset value could be materially affected if the determinations regarding the fair value of our investments were materially higher or lower than the values that we ultimately realized upon the disposal of such investments.

The valuation process is conducted at the end of each fiscal quarter, with a portion of our valuations of portfolio companies without market quotations subject to review by the independent valuation firms each quarter. When an external event with respect to one of our portfolio companies, such as a purchase transaction, public offering or subsequent equity sale occurs, we expect to use the pricing indicated by the external event to corroborate our valuation.

With respect to investments for which market quotations are not readily available, our board of directors will undertake a multi-step valuation process each quarter, as described below:

•

Our quarterly valuation process begins with each portfolio company or investment being initially valued by investment professionals of our Investment Adviser responsible for credit monitoring.

•

Preliminary valuation conclusions are then documented and discussed with our senior management and our Investment Adviser.

•

The valuation committee of the Board of Directors reviews these preliminary valuations.

•

The Board of Directors discusses valuations and determines the fair value of each investment in our portfolio in good faith.

Investment Transactions and Related Investment Income and Expense

We record our investment transactions on a trade date basis, which is the date when we have determined that all material terms have been defined for the transactions. These transactions could possibly settle on a subsequent date depending on the transaction type. All related revenue and expenses attributable to these transactions are reflected on the consolidated statement of operations commencing on the trade date unless otherwise specified by the transaction documents. Realized gains and losses on investment transactions are recorded on the specific identification method.

We accrue interest income if we expect that ultimately we will be able to collect it. Generally, when an interest default occurs on a loan in our portfolio, or if our management otherwise believes that the issuer of the loan will not be able to service the loan and other obligations, we will place the loan on non-accrual status and will cease recognizing interest income on that loan until all principal and interest is current through payment or until a restructuring occurs, such that the interest income is deemed to be collectible. However, we remain contractually entitled to this interest. We may make exceptions to this policy if the loan has sufficient collateral value and is in the process of collection. Accrued interest is written off when it becomes probable that the interest will not be collected and the amount of uncollectible interest can be reasonably estimated. For the three and nine months ended September 30, 2014, the Company recognized $322,313 and $627,772, respectively, in charge offs in realized losses from investments for consumer loans held by GLC Trust 2013-2, and had one investment placed on non-accrual status.

Any original issue discounts, as well as any other purchase discounts or premiums on debt investments, are accreted or amortized and included in interest income over the maturity periods of the investments.

Interest Expense

Interest expense is recorded on an accrual basis and is adjusted for amortization of deferred debt issuance costs.

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Other Expenses

Certain expenses related to, but not limited to, rating fees, due diligence, valuation expenses and independent collateral appraisals may arise when we make certain investments. These expenses are recognized in the consolidated statement of operations within ratings fees and other expenses as they are incurred.

Loan Origination, Facility, Commitment and Amendment Fees

We may receive loan origination, facility, commitment and amendment fees in addition to interest income from the loans during the life of the investment. We may receive origination fees upon the origination of an investment. Origination fees are initially deferred and reduced from the cost basis of the investment and subsequently accreted into interest income over the remaining stated term of the loan. Facility fees, sometimes referred to as asset management fees, are accrued as a percentage periodic fee on the base amount (either the funded facility amount or the committed principal amount). Commitment fees are based upon the undrawn portion committed by us and are recorded on an accrual basis. Amendment fees are paid in connection with loan amendments and waivers and are recognized upon completion of the amendments or waivers, generally when such fees are receivable. Upon the prepayment of a loan or debt security, any unamortized loan origination fees are recorded as interest income. We record prepayment premiums on loans and debt securities as interest income when we receive such amounts. Any such fees are included in interest income on the consolidated statement of operations. For the three months ended September 30, 2014 and September 30, 2013, other income in the amount of $935,040 and $45,414, respectively, was included in interest income. For the nine months ended September 30, 2014 and September 30, 2013, other income in the amount of $2,236,190 and $446,744, respectively, was included in interest income.

Distributions

Dividends and distributions to common stockholders are recorded on the ex-dividend date. The amount to be paid out as a distribution is determined by our board of directors each quarter and is generally based upon the earnings estimated by management. Net realized capital gains, if any, are distributed at least annually, although we may decide to retain such capital gains for investment.

We have adopted a dividend reinvestment plan that provides for reinvestment of our dividends and other distributions on behalf of our stockholders, unless a stockholder elects to receive cash as provided below. As a result, if our board of directors authorizes, and we declare, a cash dividend or other distribution, then our stockholders who have not ‘opted out’ of our dividend reinvestment plan will have their cash distribution automatically reinvested in additional shares of our common stock, rather than receiving the cash distribution.

No action is required on the part of a registered stockholder to have their cash dividend or other distribution reinvested in shares of our common stock. A registered stockholder may elect to receive an entire distribution in cash by notifying American Stock Transfer & Trust Company, LLC, the plan administrator and our transfer agent and registrar, in writing so that such notice is received by the plan administrator no later than the record date for distributions to stockholders. The plan administrator will set up an account for shares acquired through the plan for each stockholder who has not elected to receive dividends or other distributions in cash and hold such shares in non-certificated form. Upon request by a stockholder participating in the plan, received in writing not less than 10 days prior to the record date, the plan administrator will, instead of crediting shares to the participant’s account, issue a certificate registered in the participant’s name for the number of whole shares of our common stock and a check for any fractional share. The plan administrator is authorized to deduct a $15.00 transaction fee plus a $0.10 per share brokerage commission from the proceeds of the sale of any fractional share of common stock.

Income Tax

As a business development company, we elected to be treated as a RIC under Subchapter M of the Code and we intend to qualify annually for such treatment.

We comply with all RIC qualification provisions contained in the Code including certain source-of-income and asset diversification requirements as well as the annual distribution requirements, which require us to

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distribute to our stockholders an amount equal at least 90% of “investment company taxable income.” “Investment company taxable income” is generally defined as net ordinary income plus the excess of realized net short-term capital gains over realized net long-term capital losses. As a RIC, we do not have to pay corporate-level U.S. federal income taxes on any net ordinary income or net capital gains that we distribute to our stockholders in a timely manner. However, we are subject to U.S. federal income taxes at regular corporate tax rates on any net ordinary income or net capital gain not distributed to our stockholders assuming at least 90% of our investment company taxable income is distributed each taxable year.

Item 3: Quantitative and Qualitative Disclosures About Market Risk

We are subject to financial market risks, including changes in interest rates. During the period covered by our financial statements, the majority of the loans in our portfolio had floating interest rates, and we expect that our loans in the future will also have floating interest rates. These loans are usually based on a floating LIBOR and typically have interest rate re-set provisions that adjust applicable LIBOR under such loans to current market rates on a regular basis. In addition, the CLO has a floating interest rate provision based on a cost of funds that approximates LIBOR and we expect that any other credit facilities into which we enter in the future may have floating interest rate provisions.

Assuming that the interim and unaudited consolidated statement of financial condition as of September 30, 2014 were to remain constant and that we took no actions to alter our existing interest rate sensitivity, the following table shows the annualized impact of hypothetical base rate changes in interest rates.


Change in interest rates (in thousands)	Increase (decrease) in interest income		Increase (decrease) in interest expense			Net increase (decrease) in investment income
Down 25 basis points	$	0	$	(287	)	$	287
Up 50 basis points		52		1,227			(1,175	)
Up 100 basis points		619		2,373			(1,754	)
Up 200 basis points		3,833		4,664			(831	)
Up 300 basis points		7,319		6,955			364

Although management believes that this analysis is indicative of our existing sensitivity to interest rate changes, it does not adjust for changes in the credit markets, the size, credit quality or composition of the assets in our portfolio and other business developments, including indebtedness under the CLO or other borrowings, that could affect net increase in net assets resulting from operations, or net income. Accordingly, we cannot assure you that actual results would not differ materially from the statement above.

We may in the future hedge against currency and interest rate fluctuations by using standard hedging instruments such as futures, forward contracts, currency options and interest rate swaps, caps, collars and floors, and the collateral manager may engage in similar hedging activities with respect to the obligations of the CLO, to the extent permitted under the 1940 Act and applicable commodities laws. While hedging activities may insulate us against adverse changes in currency exchange and interest rates, they may also limit our ability to participate in the benefits of lower interest rates with respect to the investments in our portfolio with fixed interest rates. We, our Investment Adviser and the collateral manager have not hedged any of the obligations of the CLO.

Item 4: Controls and Procedures

As of the period covered by this report, we, including our chief executive officer and chief financial officer, evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act). Based on our evaluation, our management, including the chief

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executive officer and chief financial officer, concluded that our disclosure controls and procedures were effective in timely alerting management, including the chief executive officer and chief financial officer, of material information about us required to be included in our periodic SEC filings. However, in evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, are based upon certain assumptions about the likelihood of future events and can provide only reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures. There has not been any change in our internal controls over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

Part II — Other Information

Item 1: Legal Proceedings

Garrison Capital, the Investment Adviser and the Administrator are not currently subject to any material legal proceedings.

Item 1A: Risk Factors

In addition to other information set forth in this report, you should carefully consider the “Risk Factors” discussed in our Annual Report on Form 10-K filed with the SEC on March 13, 2014, and our Form N-2, as amended, filed on July 11, 2014 (effective as of July 14, 2014), which could materially affect our business, financial condition and/or operating results. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially affect our business, financial condition and/or operating results.

Item 2: Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3: Defaults Upon Senior Securities

None.

Item 4: Mine Safety Disclosures

Not applicable.

Item 5: Other Information

Effective as of the conclusion of the meeting of our Board of Directors on October 31, 2014, Julian Weldon resigned as Chief Compliance Officer and Secretary of Garrison Capital. Matthew B. Goldstein will serve as our Chief Compliance Officer and Secretary effective on October 31, 2014.

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Item 6: Exhibits

EXHIBIT INDEX


Number		Description
31.1*		Certifications by Chief Executive Officer pursuant to Exchange Act Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*		Certifications by Chief Financial Officer pursuant to Exchange Act Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1*		Certification by Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2*		Certification by Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
99.1*		GLC Trust 2013-2 Consumer Loan Pool Schedule of Investments.

Filed herewith.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


		Garrison Capital Inc.
Dated: November 5, 2014		By /s/ Joseph Tansey Joseph Tansey Chief Executive Officer (Principal Executive Officer)
Dated: November 5, 2014		By /s/ Brian Chase Brian Chase Chief Financial Officer (Principal Accounting and Financial Officer)

Exhibit 31.1

EXHIBIT 31.1

CERTIFICATION PURSUANT TO SECTION 302
CHIEF EXECUTIVE OFFICER CERTIFICATION

I, Joseph Tansey, Chief Executive Officer of Garrison Capital Inc., certify that:

I have reviewed this Quarterly Report on Form 10-Q of Garrison Capital Inc.;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 5, 2014

By:

/s/ Joseph Tansey

Joseph Tansey
Chief Executive Officer

EXHIBIT 31.2

CERTIFICATION PURSUANT TO SECTION 302
CHIEF FINANCIAL OFFICER CERTIFICATION

I, Brian Chase, Chief Financial Officer of Garrison Capital Inc., certify that:

I have reviewed this Quarterly Report on Form 10-Q of Garrison Capital Inc.;

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 5, 2014

By:

/s/ Brian Chase

Brian Chase
Chief Financial Officer

Exhibit 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER
Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350)

In connection with this Report on Form 10-Q for the quarterly period ended September 30, 2014 (the “Report”) of Garrison Capital Inc. (the “Registrant”), as filed with the Securities and Exchange Commission on the date hereof, I, Joseph Tansey, Chief Executive Officer of the Registrant, hereby certify, to the best of my knowledge, that:

(1)

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

/s/ Joseph Tansey

Joseph Tansey
Chief Executive Officer
November 5, 2014

Exhibit 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER
Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350)

In connection with this Report on Form 10-Q for the quarterly period ended September 30, 2014 (the “Report”) of Garrison Capital Inc. (the “Registrant”), as filed with the Securities and Exchange Commission on the date hereof, I, Brian Chase, Chief Financial Officer of the Registrant, hereby certify, to the best of my knowledge, that:

(1)

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

/s/ Brian Chase

Brian Chase
Chief Financial Officer
November 5, 2014

Exhibit 99.1

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1	5/22/2018		14.74	%		6,606		6,606		6,585
Loan ID 2	5/22/2016		24.19	%		3,216		3,216		3,099
Loan ID 3	5/22/2018		10.99	%		18,441		18,441		18,366
Loan ID 4	5/22/2016		12.49	%		1,323		1,323		1,309
Loan ID 5	5/22/2018		21.79	%		16,585		16,585		16,441
Loan ID 6	5/22/2018		14.74	%		20,020		20,020		19,954
Loan ID 7	5/22/2016		18.99	%		1,290		1,290		1,259
Loan ID 8	5/22/2016		12.99	%		8,998		8,998		8,903
Loan ID 9	5/22/2018		16.99	%		8,653		8,653		8,625
Loan ID 10	5/22/2016		21.24	%		4,328		4,328		4,223
Loan ID 11	5/22/2018		10.49	%		19,562		19,562		19,484
Loan ID 12	5/22/2018		15.19	%		20,038		20,038		19,973
Loan ID 13	5/22/2018		14.74	%		10,829		10,829		10,794
Loan ID 16	5/22/2016		28.59	%		2,633		2,633		2,546
Loan ID 17	5/22/2016		17.34	%		9,306		9,306		9,081
Loan ID 19	5/22/2018		12.19	%		19,749		19,749		19,669
Loan ID 20	5/22/2018		15.19	%		12,079		12,079		12,040
Loan ID 21	5/22/2018		12.19	%		10,269		10,269		10,228
Loan ID 22	5/23/2016		29.32	%		2,631		2,631		2,545
Loan ID 24	5/23/2016		18.64	%		7,821		7,821		7,631
Loan ID 26	5/23/2018		12.19	%		4,420		4,420		4,403
Loan ID 27	5/23/2016		12.99	%		4,525		4,525		4,477
Loan ID 28	5/23/2018		15.79	%		8,053		8,053		8,026
Loan ID 29	5/23/2018		18.19	%		2,853		2,853		2,844
Loan ID 30	5/23/2016		24.92	%		6,456		6,456		6,223
Loan ID 31	5/23/2016		13.59	%		12,762		12,762		12,548
Loan ID 32	5/23/2016		31.34	%		2,670		2,670		2,571
Loan ID 34	5/23/2016		17.34	%		2,981		2,981		2,909
Loan ID 35	5/23/2018		12.69	%		7,085		7,085		7,056
Loan ID 36	5/23/2016		15.59	%		1,225		1,225		1,205
Loan ID 37	5/23/2018		23.59	%		3,498		3,498		3,458
Loan ID 38	5/23/2016		14.59	%		1,218		1,218		1,198
Loan ID 39	5/23/2016		12.99	%		3,017		3,017		2,985
Loan ID 40	5/23/2016		29.32	%		2,655		2,655		2,568
Loan ID 41	5/23/2018		19.14	%		10,646		10,646		10,553
Loan ID 42	5/24/2016		18.99	%		6,249		6,249		6,097
Loan ID 43	5/24/2016		18.99	%		1,875		1,875		1,829
Loan ID 44	5/24/2016		12.49	%		4,933		4,933		4,881
Loan ID 45	5/24/2018		14.19	%		11,978		11,978		11,939
Loan ID 46	5/24/2018		18.74	%		8,179		8,179		8,108
Loan ID 47	5/24/2016		24.92	%		9,579		9,579		9,233
Loan ID 48	5/24/2016		20.99	%		9,479		9,479		9,250
Loan ID 49	5/24/2016		12.03	%		5,999		5,999		5,935
Loan ID 50	5/24/2018		9.49	%		19,451		19,451		19,373
Loan ID 51	5/24/2016		18.99	%		4,999		4,999		4,878
Loan ID 52	5/24/2016		12.99	%		4,827		4,827		4,776
Loan ID 53	5/24/2016		15.99	%		7,984		7,984		7,850
Loan ID 54	5/24/2018		13.34	%		7,949		7,949		7,917
Loan ID 55	5/24/2016		9.24	%		2,359		2,359		2,334
Loan ID 57	5/24/2018		25.79	%		10,129		10,129		10,012
Loan ID 58	5/24/2016		18.99	%		9,373		9,373		9,146
Loan ID 59	5/24/2018		15.79	%		20,132		20,132		20,066
Loan ID 60	5/24/2018		30.96	%		3,448		3,448		3,417
Loan ID 61	5/24/2016		16.79	%		12,341		12,341		12,134
Loan ID 62	5/24/2018		12.69	%		14,258		14,258		14,201
Loan ID 63	5/24/2018		18.19	%		12,227		12,227		12,187
Loan ID 64	5/24/2016		15.99	%		1,380		1,380		1,357
Loan ID 65	5/24/2018		16.49	%		12,123		12,123		12,083
Loan ID 66	5/24/2016		16.39	%		1,231		1,231		1,211

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 67	5/24/2016		11.53	%		8,373		8,373		8,285
Loan ID 68	5/24/2018		18.19	%		12,227		12,227		12,187
Loan ID 69	5/24/2018		21.79	%		9,951		9,951		9,864
Loan ID 70	5/24/2018		15.19	%		9,633		9,633		9,602
Loan ID 71	5/24/2018		13.34	%		11,924		11,924		11,876
Loan ID 72	5/24/2018		25.06	%		8,415		8,415		8,317
Loan ID 73	5/24/2016		25.66	%		4,084		4,084		3,936
Loan ID 74	5/24/2018		22.09	%		20,760		20,760		20,579
Loan ID 75	5/24/2018		17.69	%		12,196		12,196		12,156
Loan ID 76	5/24/2018		19.84	%		8,217		8,217		8,145
Loan ID 77	5/24/2018		17.69	%		2,033		2,033		2,026
Loan ID 78	5/24/2016		17.34	%		5,787		5,787		5,647
Loan ID 79	5/24/2018		15.79	%		28,185		28,185		28,093
Loan ID 80	5/24/2018		22.09	%		12,456		12,456		12,348
Loan ID 81	5/28/2018		19.14	%		9,805		9,805		9,720
Loan ID 83	5/28/2016		14.14	%		9,113		9,113		8,960
Loan ID 84	5/28/2018		18.19	%		2,871		2,871		2,861
Loan ID 85	5/28/2018		13.34	%		3,407		3,407		3,394
Loan ID 86	5/28/2016		29.32	%		2,643		2,643		2,556
Loan ID 87	5/28/2016		18.99	%		3,078		3,078		3,004
Loan ID 88	5/28/2018		30.96	%		3,510		3,510		3,479
Loan ID 89	5/28/2016		21.24	%		1,266		1,266		1,235
Loan ID 90	5/28/2018		16.99	%		8,102		8,102		8,076
Loan ID 91	5/28/2018		9.99	%		13,655		13,655		13,600
Loan ID 92	5/28/2016		18.99	%		5,311		5,311		5,183
Loan ID 93	5/28/2016		27.86	%		2,623		2,623		2,537
Loan ID 94	5/28/2016		27.86	%		2,623		2,623		2,537
Loan ID 96	5/28/2018		16.49	%		12,123		12,123		12,083
Loan ID 97	5/28/2016		15.99	%		6,142		6,142		6,039
Loan ID 98	5/28/2018		19.84	%		1,643		1,643		1,629
Loan ID 99	5/28/2016		13.59	%		9,083		9,083		8,931
Loan ID 100	5/28/2018		18.19	%		12,227		12,227		12,187
Loan ID 101	5/28/2016		12.99	%		5,430		5,430		5,373
Loan ID 102	5/28/2016		23.46	%		9,627		9,627		9,279
Loan ID 103	5/28/2018		19.84	%		8,217		8,217		8,145
Loan ID 104	5/28/2018		21.79	%		15,756		15,756		15,619
Loan ID 105	5/28/2016		14.14	%		4,253		4,253		4,181
Loan ID 106	5/28/2018		19.84	%		12,325		12,325		12,218
Loan ID 107	5/28/2018		19.14	%		8,598		8,598		8,524
Loan ID 108	5/28/2018		23.59	%		7,525		7,525		7,437
Loan ID 109	5/28/2016		9.24	%		2,654		2,654		2,626
Loan ID 110	5/28/2018		19.84	%		16,433		16,433		16,290
Loan ID 111	5/28/2016		24.19	%		6,431		6,431		6,198
Loan ID 112	5/29/2018		19.84	%		12,345		12,345		12,237
Loan ID 113	5/29/2018		21.79	%		12,439		12,439		12,330
Loan ID 114	5/29/2018		29.16	%		3,424		3,424		3,393
Loan ID 115	5/29/2016		9.74	%		2,032		2,032		2,010
Loan ID 116	5/29/2018		20.99	%		8,261		8,261		8,190
Loan ID 117	5/29/2018		9.99	%		13,655		13,655		13,600
Loan ID 118	5/29/2016		10.89	%		11,915		11,915		11,789
Loan ID 119	5/29/2018		23.59	%		8,360		8,360		8,263
Loan ID 120	5/29/2018		9.99	%		11,704		11,704		11,657
Loan ID 121	5/29/2018		14.74	%		10,411		10,411		10,377
Loan ID 123	5/29/2018		12.19	%		7,899		7,899		7,868
Loan ID 124	5/29/2016		13.59	%		7,266		7,266		7,144
Loan ID 125	5/29/2018		12.19	%		11,866		11,866		11,819
Loan ID 126	5/29/2016		21.99	%		2,470		2,470		2,381
Loan ID 127	5/29/2016		16.79	%		1,234		1,234		1,213
Loan ID 128	5/29/2018		15.19	%		2,007		2,007		2,000
Loan ID 129	5/29/2018		16.49	%		5,253		5,253		5,236

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 130	5/29/2016		24.92	%		2,582		2,582		2,489
Loan ID 131	5/29/2018		11.69	%		5,514		5,514		5,492
Loan ID 133	5/29/2016		27.86	%		2,623		2,623		2,536
Loan ID 134	5/29/2018		17.69	%		16,261		16,261		16,208
Loan ID 135	5/29/2016		10.89	%		1,787		1,787		1,768
Loan ID 136	5/29/2018		26.72	%		12,712		12,712		12,564
Loan ID 137	5/29/2016		26.39	%		2,277		2,277		2,202
Loan ID 139	5/29/2018		17.69	%		17,074		17,074		17,019
Loan ID 140	5/29/2018		25.06	%		3,366		3,366		3,327
Loan ID 141	5/29/2018		9.99	%		11,704		11,704		11,657
Loan ID 142	5/29/2016		10.34	%		5,360		5,360		5,304
Loan ID 143	5/29/2016		25.66	%		2,593		2,593		2,499
Loan ID 144	5/29/2018		21.39	%		7,449		7,449		7,384
Loan ID 145	5/29/2018		25.06	%		8,414		8,414		8,317
Loan ID 146	5/29/2016		28.59	%		2,563		2,563		2,478
Loan ID 147	5/29/2018		19.14	%		5,323		5,323		5,277
Loan ID 148	5/30/2018		13.34	%		3,235		3,235		3,222
Loan ID 149	5/30/2016		16.79	%		2,574		2,574		2,530
Loan ID 150	5/30/2018		17.69	%		10,736		10,736		10,701
Loan ID 151	5/30/2018		29.16	%		3,465		3,465		3,434
Loan ID 152	5/30/2016		28.59	%		2,733		2,733		2,643
Loan ID 153	5/30/2016		21.59	%		6,599		6,599		6,439
Loan ID 154	5/30/2018		15.19	%		4,081		4,081		4,067
Loan ID 155	5/30/2016		16.39	%		1,798		1,798		1,767
Loan ID 156	5/30/2016		21.99	%		2,645		2,645		2,549
Loan ID 157	5/30/2016		20.99	%		3,158		3,158		3,081
Loan ID 158	5/30/2018		16.99	%		3,293		3,293		3,282
Loan ID 159	5/30/2018		16.99	%		11,936		11,936		11,897
Loan ID 160	5/30/2018		29.69	%		1,736		1,736		1,720
Loan ID 161	5/30/2016		21.24	%		9,880		9,880		9,641
Loan ID 163	5/30/2016		31.34	%		2,090		2,090		2,012
Loan ID 165	5/30/2016		28.59	%		2,733		2,733		2,643
Loan ID 167	5/30/2018		16.49	%		12,318		12,318		12,278
Loan ID 168	5/30/2018		12.69	%		16,120		16,120		16,055
Loan ID 169	5/30/2016		30.06	%		1,202		1,202		1,162
Loan ID 170	5/30/2018		13.34	%		8,087		8,087		8,054
Loan ID 171	5/30/2018		24.32	%		8,501		8,501		8,402
Loan ID 172	5/30/2016		13.59	%		6,322		6,322		6,216
Loan ID 173	5/30/2016		19.39	%		9,785		9,785		9,549
Loan ID 174	5/30/2016		13.59	%		2,529		2,529		2,486
Loan ID 175	5/30/2018		9.49	%		7,508		7,508		7,477
Loan ID 177	5/30/2018		27.36	%		8,709		8,709		8,608
Loan ID 178	5/30/2016		30.06	%		2,752		2,752		2,662
Loan ID 179	5/30/2016		31.34	%		2,769		2,769		2,666
Loan ID 180	5/31/2016		18.99	%		9,763		9,763		9,527
Loan ID 181	5/31/2016		25.66	%		2,693		2,693		2,596
Loan ID 182	5/31/2018		14.19	%		15,848		15,848		15,796
Loan ID 183	5/31/2018		13.34	%		16,172		16,172		16,107
Loan ID 184	5/31/2016		25.66	%		6,734		6,734		6,490
Loan ID 185	5/31/2018		17.69	%		12,387		12,387		12,346
Loan ID 186	5/31/2018		22.59	%		12,656		12,656		12,546
Loan ID 187	5/31/2018		21.79	%		8,632		8,632		8,557
Loan ID 188	5/31/2018		21.79	%		4,205		4,205		4,169
Loan ID 189	5/31/2018		9.99	%		11,921		11,921		11,873
Loan ID 190	5/31/2018		11.69	%		20,046		20,046		19,965
Loan ID 191	5/31/2018		10.99	%		19,973		19,973		19,893
Loan ID 192	5/31/2016		21.24	%		6,585		6,585		6,426
Loan ID 193	6/3/2016		19.39	%		13,044		13,044		12,729
Loan ID 194	6/3/2018		21.39	%		6,717		6,717		6,658
Loan ID 195	6/3/2016		10.34	%		9,310		9,310		9,211

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 196	6/3/2018		16.49	%		9,033		9,033		9,003
Loan ID 197	6/3/2018		13.34	%		8,340		8,340		8,307
Loan ID 198	6/3/2018		15.19	%		9,385		9,385		9,354
Loan ID 199	6/3/2016		21.59	%		8,576		8,576		8,369
Loan ID 200	6/3/2016		20.49	%		6,500		6,500		6,343
Loan ID 202	6/3/2016		24.92	%		3,019		3,019		2,910
Loan ID 203	6/3/2016		21.59	%		3,299		3,299		3,219
Loan ID 204	6/3/2016		17.74	%		6,466		6,466		6,309
Loan ID 205	6/3/2016		12.99	%		4,725		4,725		4,675
Loan ID 206	6/3/2018		15.19	%		8,160		8,160		8,134
Loan ID 207	6/3/2018		12.19	%		8,039		8,039		8,007
Loan ID 208	6/3/2016		17.34	%		3,226		3,226		3,148
Loan ID 210	6/3/2018		10.49	%		10,359		10,359		10,317
Loan ID 211	6/3/2016		27.86	%		2,723		2,723		2,633
Loan ID 212	6/3/2016		16.39	%		3,851		3,851		3,787
Loan ID 213	6/3/2016		23.46	%		1,665		1,665		1,605
Loan ID 214	6/3/2016		27.12	%		2,713		2,713		2,623
Loan ID 215	6/3/2016		31.34	%		2,768		2,768		2,665
Loan ID 216	6/3/2018		14.19	%		12,993		12,993		12,951
Loan ID 217	6/3/2018		16.49	%		12,317		12,317		12,277
Loan ID 218	6/3/2018		11.69	%		8,018		8,018		7,986
Loan ID 219	6/3/2018		29.16	%		3,464		3,464		3,433
Loan ID 220	6/3/2018		18.19	%		8,277		8,277		8,250
Loan ID 221	6/3/2018		18.19	%		16,554		16,554		16,500
Loan ID 222	6/3/2016		31.34	%		2,768		2,768		2,665
Loan ID 223	6/3/2016		11.53	%		1,875		1,875		1,855
Loan ID 224	6/3/2018		16.99	%		12,346		12,346		12,306
Loan ID 225	6/3/2016		29.32	%		2,056		2,056		1,988
Loan ID 226	6/3/2018		21.39	%		20,990		20,990		20,807
Loan ID 227	6/3/2018		15.79	%		8,184		8,184		8,157
Loan ID 228	6/3/2018		29.69	%		3,471		3,471		3,440
Loan ID 229	6/3/2016		10.34	%		6,206		6,206		6,141
Loan ID 230	6/3/2018		12.19	%		20,115		20,115		20,034
Loan ID 231	6/3/2016		14.59	%		6,356		6,356		6,250
Loan ID 232	6/3/2016		20.49	%		3,048		3,048		2,975
Loan ID 233	6/3/2018		23.59	%		7,203		7,203		7,120
Loan ID 234	6/3/2018		18.19	%		8,277		8,277		8,250
Loan ID 235	6/4/2018		21.79	%		5,887		5,887		5,836
Loan ID 236	6/4/2016		29.32	%		1,714		1,714		1,657
Loan ID 237	6/4/2016		20.99	%		6,438		6,438		6,282
Loan ID 238	6/4/2016		31.34	%		2,768		2,768		2,665
Loan ID 239	6/4/2016		29.32	%		2,742		2,742		2,651
Loan ID 240	6/4/2018		9.99	%		11,934		11,934		11,886
Loan ID 241	6/4/2016		21.24	%		6,585		6,585		6,426
Loan ID 242	6/4/2018		12.19	%		6,431		6,431		6,405
Loan ID 243	6/4/2018		21.79	%		3,399		3,399		3,370
Loan ID 244	6/4/2016		15.59	%		10,865		10,865		10,683
Loan ID 245	6/4/2018		21.79	%		4,113		4,113		4,077
Loan ID 246	6/4/2018		16.49	%		5,779		5,779		5,760
Loan ID 247	6/4/2018		19.14	%		8,313		8,313		8,240
Loan ID 248	6/4/2018		14.74	%		20,356		20,356		20,290
Loan ID 249	6/4/2018		14.74	%		5,293		5,293		5,275
Loan ID 250	6/4/2016		24.19	%		2,674		2,674		2,577
Loan ID 251	6/4/2018		14.19	%		12,181		12,181		12,141
Loan ID 254	6/5/2016		16.39	%		6,419		6,419		6,311
Loan ID 255	6/5/2016		16.39	%		8,986		8,986		8,836
Loan ID 256	6/5/2018		20.59	%		8,367		8,367		8,294
Loan ID 257	6/5/2018		18.19	%		5,794		5,794		5,775
Loan ID 258	6/5/2016		31.34	%		2,422		2,422		2,332
Loan ID 259	6/5/2018		16.99	%		13,469		13,469		13,425

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 260	6/5/2018		26.72	%		3,433		3,433		3,393
Loan ID 261	6/5/2018		18.19	%		16,554		16,554		16,500
Loan ID 262	6/5/2016		19.79	%		4,575		4,575		4,464
Loan ID 263	6/5/2018		26.72	%		6,007		6,007		5,937
Loan ID 264	6/5/2018		15.19	%		6,528		6,528		6,507
Loan ID 265	6/5/2018		14.19	%		8,121		8,121		8,094
Loan ID 267	6/5/2018		13.34	%		12,129		12,129		12,080
Loan ID 268	6/5/2018		15.19	%		5,712		5,712		5,694
Loan ID 269	6/5/2018		20.99	%		3,353		3,353		3,323
Loan ID 270	6/5/2018		10.99	%		7,175		7,175		7,146
Loan ID 271	6/5/2016		16.39	%		6,419		6,419		6,311
Loan ID 272	6/5/2018		16.99	%		28,808		28,808		28,714
Loan ID 273	6/6/2016		12.99	%		2,520		2,520		2,493
Loan ID 275	6/6/2016		27.86	%		2,723		2,723		2,633
Loan ID 276	6/6/2016		22.72	%		1,991		1,991		1,919
Loan ID 277	6/6/2018		19.84	%		5,694		5,694		5,645
Loan ID 278	6/6/2018		16.49	%		12,317		12,317		12,277
Loan ID 279	6/6/2016		26.39	%		2,721		2,721		2,631
Loan ID 280	6/6/2016		15.09	%		19,758		19,758		19,427
Loan ID 281	6/7/2018		18.19	%		20,692		20,692		20,625
Loan ID 282	6/7/2018		19.14	%		3,125		3,125		3,098
Loan ID 283	6/7/2016		10.34	%		3,103		3,103		3,070
Loan ID 285	6/7/2016		18.24	%		7,779		7,779		7,591
Loan ID 287	6/7/2016		16.79	%		5,363		5,363		5,273
Loan ID 288	6/7/2016		25.66	%		6,733		6,733		6,489
Loan ID 289	6/7/2016		12.99	%		1,254		1,254		1,241
Loan ID 290	6/7/2016		25.66	%		1,885		1,885		1,817
Loan ID 291	6/7/2018		13.34	%		8,086		8,086		8,053
Loan ID 292	6/7/2018		17.69	%		9,645		9,645		9,614
Loan ID 293	6/7/2018		24.32	%		12,750		12,750		12,602
Loan ID 294	6/7/2016		21.99	%		2,644		2,644		2,549
Loan ID 295	6/7/2018		15.19	%		12,241		12,241		12,201
Loan ID 296	6/7/2018		15.79	%		12,428		12,428		12,387
Loan ID 297	6/10/2016		23.46	%		2,664		2,664		2,568
Loan ID 299	6/10/2016		11.53	%		6,249		6,249		6,183
Loan ID 300	6/10/2016		27.12	%		2,713		2,713		2,623
Loan ID 301	6/10/2016		22.72	%		5,972		5,972		5,755
Loan ID 302	6/10/2018		16.99	%		8,231		8,231		8,204
Loan ID 303	6/10/2016		24.92	%		1,342		1,342		1,293
Loan ID 305	6/10/2018		14.19	%		9,339		9,339		9,308
Loan ID 306	6/10/2018		15.79	%		7,366		7,366		7,342
Loan ID 308	6/11/2016		23.46	%		6,660		6,660		6,419
Loan ID 309	6/11/2018		15.19	%		2,040		2,040		2,033
Loan ID 310	6/11/2018		15.79	%		12,276		12,276		12,236
Loan ID 311	6/11/2018		25.79	%		3,420		3,420		3,380
Loan ID 313	6/11/2018		27.36	%		8,603		8,603		8,503
Loan ID 314	6/11/2016		18.64	%		9,745		9,745		9,509
Loan ID 315	6/11/2018		14.74	%		12,214		12,214		12,174
Loan ID 316	6/11/2018		14.74	%		3,257		3,257		3,246
Loan ID 318	6/11/2016		18.24	%		6,483		6,483		6,326
Loan ID 319	6/11/2016		29.32	%		2,742		2,742		2,651
Loan ID 320	6/11/2018		27.36	%		12,904		12,904		12,754
Loan ID 321	6/11/2016		10.34	%		6,206		6,206		6,141
Loan ID 322	6/11/2016		21.24	%		1,194		1,194		1,166
Loan ID 323	6/12/2016		17.34	%		5,484		5,484		5,351
Loan ID 324	6/12/2018		12.69	%		16,119		16,119		16,054
Loan ID 325	6/12/2016		14.59	%		3,178		3,178		3,125
Loan ID 326	6/13/2018		29.16	%		3,464		3,464		3,433
Loan ID 327	6/13/2018		19.84	%		7,856		7,856		7,788
Loan ID 328	6/13/2018		9.49	%		15,852		15,852		15,788

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 329	6/13/2018		16.99	%		18,025		18,025		17,967
Loan ID 330	6/13/2018		12.19	%		12,059		12,059		12,010
Loan ID 331	6/14/2018		21.79	%		5,887		5,887		5,836
Loan ID 332	6/14/2016		19.79	%		2,288		2,288		2,232
Loan ID 333	6/14/2018		28.62	%		2,498		2,498		2,476
Loan ID 334	6/14/2018		25.79	%		3,420		3,420		3,380
Loan ID 336	6/14/2018		14.74	%		28,499		28,499		28,406
Loan ID 337	6/17/2016		25.66	%		6,734		6,734		6,490
Loan ID 338	6/17/2016		24.92	%		142		142		137
Loan ID 339	6/17/2016		27.86	%		2,723		2,723		2,633
Loan ID 340	6/17/2018		9.49	%		5,471		5,471		5,449
Loan ID 341	6/17/2016		20.99	%		6,577		6,577		6,418
Loan ID 342	6/17/2016		28.59	%		2,207		2,207		2,134
Loan ID 343	6/18/2018		12.69	%		20,955		20,955		20,871
Loan ID 344	6/18/2016		16.39	%		2,568		2,568		2,524
Loan ID 345	6/18/2018		26.72	%		3,517		3,517		3,476
Loan ID 346	6/18/2016		21.59	%		9,899		9,899		9,659
Loan ID 347	6/18/2018		30.32	%		3,586		3,586		3,554
Loan ID 348	6/18/2018		12.19	%		24,117		24,117		24,020
Loan ID 349	6/18/2016		31.34	%		1,384		1,384		1,332
Loan ID 350	6/18/2018		20.59	%		8,367		8,367		8,294
Loan ID 351	6/18/2018		19.84	%		14,704		14,704		14,576
Loan ID 352	6/19/2018		21.39	%		8,396		8,396		8,323
Loan ID 353	6/19/2018		18.19	%		8,277		8,277		8,250
Loan ID 354	6/19/2016		18.24	%		16,212		16,212		15,820
Loan ID 355	6/19/2018		9.49	%		11,889		11,889		11,841
Loan ID 356	6/19/2016		16.39	%		3,217		3,217		3,163
Loan ID 357	6/19/2018		10.99	%		15,979		15,979		15,914
Loan ID 358	6/19/2018		16.99	%		20,577		20,577		20,510
Loan ID 359	6/19/2018		20.99	%		4,191		4,191		4,154
Loan ID 360	6/19/2018		15.79	%		8,184		8,184		8,157
Loan ID 361	6/19/2016		20.99	%		1,644		1,644		1,604
Loan ID 362	6/19/2018		30.32	%		3,479		3,479		3,448
Loan ID 363	6/19/2018		17.69	%		14,376		14,376		14,329
Loan ID 364	6/19/2018		14.19	%		12,181		12,181		12,141
Loan ID 365	6/20/2016		31.34	%		2,768		2,768		2,665
Loan ID 366	6/20/2018		18.19	%		12,415		12,415		12,375
Loan ID 367	6/20/2018		15.79	%		7,366		7,366		7,342
Loan ID 368	6/20/2016		20.49	%		1,331		1,331		1,298
Loan ID 369	6/20/2018		18.19	%		12,415		12,415		12,375
Loan ID 370	6/20/2016		23.46	%		6,660		6,660		6,419
Loan ID 371	6/21/2016		19.79	%		9,804		9,804		9,567
Loan ID 372	6/21/2018		12.19	%		3,216		3,216		3,203
Loan ID 373	6/21/2018		18.74	%		5,809		5,809		5,758
Loan ID 374	6/21/2016		21.24	%		3,951		3,951		3,856
Loan ID 375	6/21/2016		17.34	%		8,828		8,828		8,614
Loan ID 376	6/21/2018		13.34	%		12,433		12,433		12,383
Loan ID 378	6/25/2016		24.92	%		2,013		2,013		1,940
Loan ID 379	6/26/2018		15.19	%		7,344		7,344		7,320
Loan ID 380	6/26/2018		14.74	%		18,730		18,730		18,669
Loan ID 381	6/26/2018		15.19	%		8,160		8,160		8,134
Loan ID 382	6/26/2016		22.72	%		2,654		2,654		2,558
Loan ID 383	6/26/2018		13.34	%		11,725		11,725		11,678
Loan ID 384	6/26/2018		16.49	%		12,317		12,317		12,277
Loan ID 385	6/26/2016		16.79	%		4,825		4,825		4,744
Loan ID 386	6/27/2018		16.99	%		12,346		12,346		12,306
Loan ID 388	6/27/2016		11.53	%		241		241		239
Loan ID 389	6/27/2016		26.39	%		1,180		1,180		1,141
Loan ID 390	6/27/2016		17.34	%		2,065		2,065		2,015
Loan ID 391	6/27/2016		10.34	%		6,206		6,206		6,141

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 392	6/27/2016		25.66	%		2,693		2,693		2,596
Loan ID 393	6/27/2018		20.24	%		8,354		8,354		8,281
Loan ID 394	6/27/2018		12.19	%		12,059		12,059		12,010
Loan ID 395	6/27/2018		12.19	%		6,351		6,351		6,325
Loan ID 396	6/27/2016		19.79	%		2,410		2,410		2,352
Loan ID 397	6/27/2018		24.32	%		3,250		3,250		3,212
Loan ID 398	6/27/2016		31.34	%		1,384		1,384		1,332
Loan ID 399	6/27/2018		16.99	%		20,577		20,577		20,510
Loan ID 400	6/27/2018		13.34	%		7,938		7,938		7,906
Loan ID 401	6/27/2016		26.39	%		2,703		2,703		2,614
Loan ID 402	6/27/2018		18.19	%		4,139		4,139		4,125
Loan ID 403	6/27/2016		28.59	%		2,944		2,944		2,847
Loan ID 404	6/27/2018		16.99	%		12,346		12,346		12,306
Loan ID 405	6/27/2018		12.19	%		12,059		12,059		12,010
Loan ID 406	6/28/2016		17.74	%		3,556		3,556		3,470
Loan ID 407	6/28/2018		10.99	%		7,989		7,989		7,957
Loan ID 408	6/28/2018		18.74	%		13,179		13,179		13,065
Loan ID 409	6/28/2016		12.03	%		11,268		11,268		11,149
Loan ID 410	6/28/2018		10.49	%		13,944		13,944		13,888
Loan ID 411	6/28/2016		19.79	%		1,307		1,307		1,276
Loan ID 412	6/28/2016		27.86	%		2,723		2,723		2,633
Loan ID 413	6/28/2016		18.99	%		9,763		9,763		9,527
Loan ID 414	6/28/2018		12.69	%		16,136		16,136		16,070
Loan ID 415	7/2/2018		26.72	%		3,478		3,478		3,438
Loan ID 416	7/3/2016		21.99	%		10,305		10,305		9,932
Loan ID 417	7/3/2016		25.66	%		2,796		2,796		2,695
Loan ID 418	7/5/2018		22.84	%		5,142		5,142		5,097
Loan ID 419	7/9/2016		26.39	%		2,455		2,455		2,374
Loan ID 420	7/9/2018		30.96	%		3,530		3,530		3,498
Loan ID 421	7/9/2018		16.49	%		5,842		5,842		5,823
Loan ID 422	7/9/2018		25.06	%		8,643		8,643		8,542
Loan ID 423	7/9/2016		27.12	%		1,407		1,407		1,361
Loan ID 424	7/9/2016		16.79	%		2,344		2,344		2,305
Loan ID 425	7/9/2016		29.32	%		3,107		3,107		3,004
Loan ID 427	7/9/2016		27.12	%		2,815		2,815		2,722
Loan ID 428	7/10/2018		14.19	%		10,736		10,736		10,701
Loan ID 429	7/10/2016		27.86	%		2,824		2,824		2,731
Loan ID 430	7/10/2016		9.74	%		2,582		2,582		2,555
Loan ID 432	7/10/2018		26.72	%		3,462		3,462		3,421
Loan ID 433	7/10/2018		20.24	%		12,720		12,720		12,610
Loan ID 434	7/10/2018		18.19	%		31		31		31
Loan ID 435	7/10/2018		23.19	%		7,842		7,842		7,774
Loan ID 437	7/10/2018		15.19	%		8,296		8,296		8,269
Loan ID 438	7/10/2018		14.74	%		20,699		20,699		20,631
Loan ID 439	7/10/2018		22.59	%		5,137		5,137		5,092
Loan ID 440	7/10/2018		14.74	%		12,419		12,419		12,379
Loan ID 442	7/10/2018		19.14	%		8,441		8,441		8,368
Loan ID 443	7/10/2018		19.84	%		15,290		15,290		15,157
Loan ID 444	7/10/2018		12.19	%		11,454		11,454		11,407
Loan ID 445	7/10/2016		21.24	%		13,628		13,628		13,298
Loan ID 446	7/10/2018		29.69	%		3,515		3,515		3,483
Loan ID 447	7/10/2016		11.53	%		1,955		1,955		1,934
Loan ID 448	7/10/2018		19.84	%		16,932		16,932		16,785
Loan ID 449	7/10/2018		23.59	%		6,016		6,016		5,946
Loan ID 450	7/10/2016		12.03	%		13,070		13,070		12,932
Loan ID 452	7/10/2018		29.16	%		3,509		3,509		3,477
Loan ID 453	7/10/2018		10.99	%		12,201		12,201		12,151
Loan ID 454	7/10/2018		23.59	%		8,595		8,595		8,495
Loan ID 455	7/11/2018		29.16	%		3,509		3,509		3,477
Loan ID 456	7/11/2018		10.99	%		8,134		8,134		8,101

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 457	7/11/2018		13.34	%		4,437		4,437		4,419
Loan ID 458	7/11/2016		15.99	%		6,670		6,670		6,558
Loan ID 459	7/11/2018		16.99	%		147		147		146
Loan ID 460	7/11/2018		18.19	%		9,910		9,910		9,878
Loan ID 461	7/11/2016		27.12	%		2,170		2,170		2,098
Loan ID 462	7/11/2018		14.19	%		12,388		12,388		12,348
Loan ID 464	7/11/2018		29.16	%		3,548		3,548		3,516
Loan ID 465	7/11/2016		16.39	%		10,025		10,025		9,857
Loan ID 466	7/11/2016		23.46	%		5,536		5,536		5,336
Loan ID 467	7/11/2018		15.79	%		12,479		12,479		12,438
Loan ID 468	7/11/2016		18.99	%		2,708		2,708		2,643
Loan ID 469	7/11/2018		21.39	%		8,309		8,309		8,237
Loan ID 470	7/11/2018		16.99	%		7,945		7,945		7,919
Loan ID 471	7/11/2018		24.32	%		8,619		8,619		8,519
Loan ID 472	7/12/2016		20.99	%		5,470		5,470		5,337
Loan ID 473	7/12/2016		24.19	%		1,736		1,736		1,673
Loan ID 474	7/12/2016		16.39	%		8,020		8,020		7,886
Loan ID 475	7/12/2018		13.34	%		12,339		12,339		12,289
Loan ID 476	7/12/2018		14.74	%		16,559		16,559		16,505
Loan ID 477	7/15/2016		24.92	%		4,928		4,928		4,749
Loan ID 478	7/15/2016		15.09	%		9,959		9,959		9,792
Loan ID 479	7/15/2016		14.59	%		6,622		6,622		6,511
Loan ID 480	7/15/2016		21.24	%		6,846		6,846		6,680
Loan ID 481	7/15/2018		15.19	%		20,741		20,741		20,674
Loan ID 482	7/16/2018		12.19	%		12,272		12,272		12,222
Loan ID 483	7/16/2018		18.19	%		16,814		16,814		16,760
Loan ID 484	7/16/2018		25.79	%		4,853		4,853		4,797
Loan ID 485	7/16/2018		14.74	%		26,494		26,494		26,408
Loan ID 486	7/16/2018		22.09	%		4,272		4,272		4,235
Loan ID 487	7/16/2018		12.19	%		4,091		4,091		4,074
Loan ID 488	7/17/2016		16.39	%		5,346		5,346		5,256
Loan ID 489	7/18/2018		20.24	%		12,720		12,720		12,610
Loan ID 490	7/18/2016		27.86	%		2,118		2,118		2,048
Loan ID 491	7/18/2016		24.19	%		6,942		6,942		6,691
Loan ID 492	7/18/2018		14.19	%		8,259		8,259		8,232
Loan ID 493	7/18/2016		27.86	%		2,824		2,824		2,731
Loan ID 494	7/18/2018		15.19	%		12,445		12,445		12,404
Loan ID 495	7/18/2016		18.64	%		7,056		7,056		6,885
Loan ID 496	7/19/2018		15.79	%		9,983		9,983		9,950
Loan ID 497	7/19/2018		19.84	%		7,907		7,907		7,838
Loan ID 498	7/19/2016		24.92	%		5,047		5,047		4,865
Loan ID 499	7/19/2018		28.62	%		3,503		3,503		3,472
Loan ID 500	7/19/2018		15.19	%		29,038		29,038		28,943
Loan ID 501	7/19/2016		12.99	%		22,987		22,987		22,744
Loan ID 502	7/19/2016		20.99	%		1,367		1,367		1,334
Loan ID 503	7/19/2016		25.66	%		2,796		2,796		2,695
Loan ID 504	7/19/2018		28.62	%		2,627		2,627		2,603
Loan ID 505	7/19/2018		18.19	%		8,407		8,407		8,380
Loan ID 506	7/19/2016		31.34	%		2,293		2,293		2,208
Loan ID 507	7/22/2018		23.19	%		13,283		13,283		13,168
Loan ID 509	7/22/2018		10.49	%		12,171		12,171		12,122
Loan ID 510	7/22/2018		17.69	%		16,778		16,778		16,724
Loan ID 511	7/22/2016		14.59	%		1,324		1,324		1,302
Loan ID 512	7/22/2018		16.49	%		12,518		12,518		12,477
Loan ID 513	7/22/2018		15.19	%		6,637		6,637		6,616
Loan ID 514	7/23/2016		12.49	%		1,363		1,363		1,348
Loan ID 515	7/23/2016		21.24	%		9,011		9,011		8,793
Loan ID 516	7/23/2018		18.74	%		9,270		9,270		9,189
Loan ID 517	7/24/2016		19.79	%		2,719		2,719		2,653
Loan ID 518	7/24/2016		25.66	%		2,097		2,097		2,021

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 519	7/24/2016		14.14	%		7,928		7,928		7,795
Loan ID 520	7/24/2018		15.79	%		8,319		8,319		8,292
Loan ID 521	7/24/2018		19.84	%		6,773		6,773		6,714
Loan ID 522	7/24/2016		27.86	%		2,920		2,920		2,824
Loan ID 523	7/25/2016		16.39	%		2,673		2,673		2,629
Loan ID 524	7/25/2018		15.79	%		7,071		7,071		7,048
Loan ID 525	7/26/2016		21.99	%		2,748		2,748		2,649
Loan ID 526	7/26/2018		10.49	%		8,114		8,114		8,081
Loan ID 527	7/30/2016		15.59	%		2,420		2,420		2,379
Loan ID 528	7/31/2016		16.79	%		6,952		6,952		6,836
Loan ID 530	8/1/2016		15.59	%		3,111		3,111		3,059
Loan ID 531	8/1/2018		14.74	%		21,025		21,025		20,957
Loan ID 532	8/1/2018		9.99	%		11,530		11,530		11,484
Loan ID 533	8/1/2016		12.99	%		10,243		10,243		10,134
Loan ID 534	8/1/2018		22.84	%		8,681		8,681		8,605
Loan ID 535	8/1/2016		12.49	%		7,493		7,493		7,414
Loan ID 536	8/1/2018		12.19	%		11,229		11,229		11,184
Loan ID 537	8/1/2016		12.49	%		7,834		7,834		7,751
Loan ID 538	8/1/2018		18.19	%		8,531		8,531		8,503
Loan ID 539	8/1/2016		12.99	%		3,414		3,414		3,378
Loan ID 540	8/1/2018		22.84	%		13,021		13,021		12,908
Loan ID 541	8/1/2016		10.89	%		2,704		2,704		2,675
Loan ID 542	8/2/2018		15.19	%		16,852		16,852		16,797
Loan ID 543	8/2/2018		18.19	%		12,794		12,794		12,753
Loan ID 544	8/2/2018		20.99	%		21,555		21,555		21,367
Loan ID 545	8/2/2018		14.74	%		16,820		16,820		16,765
Loan ID 546	8/2/2016		21.99	%		1,423		1,423		1,372
Loan ID 547	8/2/2018		30.96	%		2,675		2,675		2,651
Loan ID 548	8/2/2018		11.69	%		8,299		8,299		8,266
Loan ID 549	8/2/2018		16.49	%		12,707		12,707		12,666
Loan ID 550	8/2/2016		27.86	%		1,460		1,460		1,411
Loan ID 551	8/2/2018		23.19	%		18,252		18,252		18,094
Loan ID 552	8/2/2016		16.39	%		12,493		12,493		12,284
Loan ID 553	8/5/2016		17.34	%		1,742		1,742		1,700
Loan ID 554	8/5/2018		25.06	%		3,499		3,499		3,459
Loan ID 555	8/5/2018		14.19	%		29,367		29,367		29,271
Loan ID 556	8/5/2016		12.99	%		6,828		6,828		6,756
Loan ID 557	8/5/2018		13.34	%		12,540		12,540		12,489
Loan ID 558	8/5/2018		19.14	%		12,842		12,842		12,730
Loan ID 559	8/5/2018		10.49	%		8,255		8,255		8,221
Loan ID 560	8/6/2016		28.59	%		3,049		3,049		2,948
Loan ID 561	8/6/2018		10.99	%		3,309		3,309		3,296
Loan ID 562	8/6/2018		21.39	%		6,044		6,044		5,992
Loan ID 563	8/7/2018		10.99	%		8,273		8,273		8,240
Loan ID 564	8/7/2018		22.09	%		2,597		2,597		2,575
Loan ID 565	8/7/2016		23.46	%		7,163		7,163		6,904
Loan ID 566	8/7/2018		19.84	%		12,877		12,877		12,765
Loan ID 567	8/8/2016		24.92	%		1,442		1,442		1,389
Loan ID 568	8/8/2016		11.53	%		8,814		8,814		8,721
Loan ID 569	8/13/2016		21.24	%		17,735		17,735		17,305
Loan ID 570	8/16/2016		27.12	%		2,910		2,910		2,814
Loan ID 571	8/16/2016		24.19	%		2,874		2,874		2,770
Loan ID 572	8/16/2018		30.32	%		2,582		2,582		2,559
Loan ID 573	8/16/2018		23.59	%		8,704		8,704		8,603
Loan ID 574	8/16/2018		14.19	%		12,586		12,586		12,545
Loan ID 575	8/19/2016		26.39	%		2,901		2,901		2,806
Loan ID 576	8/19/2018		12.69	%		20,840		20,840		20,756
Loan ID 577	8/19/2018		15.79	%		12,671		12,671		12,629
Loan ID 579	8/19/2016		15.59	%		6,913		6,913		6,797
Loan ID 580	8/19/2016		16.79	%		1,390		1,390		1,367

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 581	8/19/2018		15.79	%		12,706		12,706		12,665
Loan ID 583	8/19/2016		31.34	%		2,968		2,968		2,858
Loan ID 584	8/19/2018		25.06	%		8,749		8,749		8,647
Loan ID 585	8/19/2016		16.39	%		8,327		8,327		8,187
Loan ID 586	8/19/2018		13.34	%		8,360		8,360		8,326
Loan ID 587	8/19/2018		24.32	%		2,864		2,864		2,830
Loan ID 588	8/19/2018		22.59	%		3,469		3,469		3,439
Loan ID 589	8/19/2018		17.69	%		12,764		12,764		12,723
Loan ID 590	8/19/2016		16.39	%		5,551		5,551		5,458
Loan ID 591	8/19/2016		14.59	%		4,128		4,128		4,059
Loan ID 592	8/20/2018		12.69	%		10,837		10,837		10,793
Loan ID 593	8/20/2016		24.92	%		2,523		2,523		2,432
Loan ID 594	8/20/2016		12.49	%		2,725		2,725		2,696
Loan ID 595	8/20/2018		15.79	%		12,671		12,671		12,629
Loan ID 596	8/20/2018		12.69	%		29,177		29,177		29,059
Loan ID 597	8/20/2018		25.79	%		3,508		3,508		3,467
Loan ID 598	8/21/2016		10.34	%		10,111		10,111		10,004
Loan ID 599	8/21/2018		21.39	%		11,657		11,657		11,555
Loan ID 600	8/21/2018		15.19	%		8,426		8,426		8,398
Loan ID 601	8/21/2016		14.59	%		17,202		17,202		16,913
Loan ID 602	8/21/2016		15.59	%		13,827		13,827		13,595
Loan ID 603	8/22/2016		24.92	%		2,883		2,883		2,779
Loan ID 604	8/23/2018		9.99	%		12,354		12,354		12,304
Loan ID 605	8/23/2018		20.24	%		8,597		8,597		8,523
Loan ID 606	8/23/2016		9.74	%		8,065		8,065		7,980
Loan ID 607	8/26/2018		29.16	%		3,568		3,568		3,536
Loan ID 608	8/28/2018		16.99	%		8,489		8,489		8,461
Loan ID 609	8/28/2018		22.59	%		21,682		21,682		21,494
Loan ID 610	8/29/2018		15.19	%		10,113		10,113		10,080
Loan ID 611	8/29/2016		12.99	%		6,828		6,828		6,756
Loan ID 612	8/29/2016		14.14	%		13,732		13,732		13,502
Loan ID 613	8/29/2016		20.19	%		10,591		10,591		10,334
Loan ID 614	8/29/2016		24.92	%		6,487		6,487		6,252
Loan ID 615	8/29/2016		12.49	%		18,392		18,392		18,198
Loan ID 616	8/29/2018		12.69	%		2,625		2,625		2,614
Loan ID 617	8/30/2016		20.99	%		8,931		8,931		8,715
Loan ID 618	8/30/2016		12.49	%		3,536		3,536		3,498
Loan ID 619	8/30/2016		23.46	%		2,962		2,962		2,855
Loan ID 620	8/30/2018		12.69	%		12,706		12,706		12,655
Loan ID 621	8/30/2016		16.39	%		5,826		5,826		5,729
Loan ID 622	8/30/2016		10.89	%		10,531		10,531		10,420
Loan ID 623	8/30/2016		14.59	%		7,890		7,890		7,757
Loan ID 624	8/30/2018		17.69	%		8,635		8,635		8,607
Loan ID 625	8/30/2016		23.46	%		3,058		3,058		2,947
Loan ID 626	8/30/2016		22.72	%		2,297		2,297		2,214
Loan ID 627	8/30/2018		22.84	%		13,186		13,186		13,071
Loan ID 628	8/30/2016		21.99	%		2,945		2,945		2,838
Loan ID 629	8/30/2018		19.84	%		13,052		13,052		12,939
Loan ID 630	8/30/2016		17.74	%		8,680		8,680		8,470
Loan ID 631	8/30/2018		17.69	%		21,587		21,587		21,517
Loan ID 632	8/30/2016		19.79	%		2,918		2,918		2,848
Loan ID 633	8/30/2016		16.79	%		10,807		10,807		10,626
Loan ID 634	8/30/2016		10.89	%		11,935		11,935		11,809
Loan ID 635	8/30/2016		9.74	%		13,902		13,902		13,756
Loan ID 636	8/30/2018		13.34	%		21,232		21,232		21,146
Loan ID 637	8/30/2016		18.99	%		2,909		2,909		2,838
Loan ID 638	8/30/2018		11.69	%		10,967		10,967		10,923
Loan ID 639	8/30/2018		10.49	%		12,592		12,592		12,541
Loan ID 640	8/30/2016		20.49	%		5,853		5,853		5,712
Loan ID 641	8/30/2016		23.46	%		2,962		2,962		2,855

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 642	8/30/2016		10.34	%		4,202		4,202		4,158
Loan ID 643	8/30/2016		21.99	%		2,953		2,953		2,846
Loan ID 644	8/30/2016		12.99	%		10,630		10,630		10,518
Loan ID 645	8/30/2016		27.86	%		3,013		3,013		2,913
Loan ID 646	8/30/2016		20.19	%		2,683		2,683		2,618
Loan ID 647	9/3/2018		23.59	%		3,525		3,525		3,484
Loan ID 648	9/3/2016		24.92	%		1,489		1,489		1,435
Loan ID 649	9/3/2016		17.74	%		2,400		2,400		2,342
Loan ID 650	9/3/2016		18.24	%		7,248		7,248		7,072
Loan ID 651	9/3/2018		25.06	%		1,771		1,771		1,750
Loan ID 652	9/4/2018		22.84	%		11,427		11,427		11,327
Loan ID 653	9/4/2016		18.99	%		8,725		8,725		8,513
Loan ID 654	9/4/2018		12.69	%		14,400		14,400		14,341
Loan ID 655	9/4/2016		22.72	%		7,382		7,382		7,114
Loan ID 656	9/5/2018		13.34	%		12,738		12,738		12,687
Loan ID 657	9/6/2018		22.09	%		11,500		11,500		11,400
Loan ID 658	9/10/2018		19.84	%		8,701		8,701		8,625
Loan ID 659	9/12/2016		12.03	%		17,640		17,640		17,454
Loan ID 660	9/12/2016		13.49	%		1,420		1,420		1,397
Loan ID 661	9/12/2016		13.99	%		17,793		17,793		17,495
Loan ID 662	9/12/2018		19.14	%		3,472		3,472		3,442
Loan ID 663	9/12/2016		26.29	%		2,246		2,246		2,171
Loan ID 664	9/13/2018		16.95	%		8,611		8,611		8,536
Loan ID 665	9/13/2016		31.34	%		1,526		1,526		1,469
Loan ID 666	9/13/2016		23.79	%		11,045		11,045		10,645
Loan ID 667	9/13/2018		23.10	%		8,797		8,797		8,695
Loan ID 668	9/13/2018		13.99	%		5,699		5,699		5,680
Loan ID 669	9/13/2016		26.99	%		3,388		3,388		3,276
Loan ID 670	9/13/2016		19.80	%		2,217		2,217		2,163
Loan ID 671	9/13/2016		31.34	%		2,801		2,801		2,697
Loan ID 672	9/13/2016		31.34	%		3,051		3,051		2,938
Loan ID 673	9/13/2018		27.69	%		8,924		8,924		8,844
Loan ID 674	9/13/2016		21.55	%		1,749		1,749		1,685
Loan ID 675	9/13/2018		29.69	%		3,590		3,590		3,558
Loan ID 676	9/13/2016		29.25	%		3,028		3,028		2,928
Loan ID 677	9/13/2018		18.00	%		10,373		10,373		10,282
Loan ID 678	9/13/2018		15.85	%		12,863		12,863		12,821
Loan ID 679	9/16/2018		21.55	%		8,752		8,752		8,650
Loan ID 680	9/16/2016		27.69	%		7,525		7,525		7,277
Loan ID 681	9/16/2016		13.49	%		10,679		10,679		10,500
Loan ID 682	9/16/2016		17.60	%		2,891		2,891		2,821
Loan ID 683	9/16/2016		31.34	%		3,051		3,051		2,938
Loan ID 684	9/16/2018		17.30	%		12,950		12,950		12,837
Loan ID 685	9/16/2016		19.15	%		2,546		2,546		2,485
Loan ID 686	9/16/2018		20.45	%		1,167		1,167		1,157
Loan ID 687	9/16/2018		17.30	%		12,070		12,070		11,965
Loan ID 688	9/16/2016		15.50	%		7,164		7,164		7,044
Loan ID 689	9/16/2016		26.29	%		2,994		2,994		2,895
Loan ID 690	9/16/2018		13.99	%		8,088		8,088		8,062
Loan ID 691	9/16/2018		19.50	%		8,690		8,690		8,615
Loan ID 692	9/17/2018		23.79	%		1,763		1,763		1,743
Loan ID 693	9/17/2018		19.80	%		17,399		17,399		17,248
Loan ID 694	9/17/2016		18.40	%		10,879		10,879		10,616
Loan ID 695	9/17/2016		18.70	%		2,905		2,905		2,834
Loan ID 696	9/17/2016		16.60	%		9,357		9,357		9,131
Loan ID 697	9/17/2016		29.25	%		2,271		2,271		2,196
Loan ID 698	9/17/2018		13.49	%		11,047		11,047		11,011
Loan ID 699	9/18/2016		23.10	%		7,276		7,276		7,013
Loan ID 700	9/18/2016		17.60	%		7,228		7,228		7,053
Loan ID 701	9/18/2016		18.00	%		7,241		7,241		7,065

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 703	9/18/2018		25.49	%		8,865		8,865		8,785
Loan ID 704	9/18/2018		17.60	%		4,316		4,316		4,278
Loan ID 705	9/19/2016		16.95	%		14,417		14,417		14,068
Loan ID 706	9/19/2016		19.50	%		3,643		3,643		3,555
Loan ID 707	9/19/2016		11.59	%		7,747		7,747		7,665
Loan ID 708	9/19/2016		15.50	%		10,746		10,746		10,566
Loan ID 709	9/19/2016		26.99	%		3,077		3,077		2,975
Loan ID 710	9/19/2018		16.95	%		10,333		10,333		10,243
Loan ID 711	9/19/2018		20.45	%		7,847		7,847		7,779
Loan ID 712	9/19/2016		18.64	%		2,904		2,904		2,834
Loan ID 713	9/19/2016		11.59	%		2,113		2,113		2,090
Loan ID 714	9/19/2016		11.59	%		2,113		2,113		2,090
Loan ID 715	9/19/2016		16.39	%		17,978		17,978		17,677
Loan ID 716	9/20/2016		12.99	%		7,086		7,086		7,011
Loan ID 717	9/20/2016		19.15	%		2,792		2,792		2,724
Loan ID 718	9/20/2018		16.95	%		17,221		17,221		17,072
Loan ID 719	9/20/2016		20.15	%		10,958		10,958		10,693
Loan ID 720	9/20/2016		14.85	%		2,858		2,858		2,810
Loan ID 721	9/20/2016		25.49	%		1,959		1,959		1,894
Loan ID 722	9/20/2016		11.99	%		7,055		7,055		6,980
Loan ID 723	9/20/2016		26.29	%		1,888		1,888		1,826
Loan ID 724	9/20/2018		22.25	%		8,590		8,590		8,490
Loan ID 725	9/20/2018		27.69	%		3,570		3,570		3,538
Loan ID 728	9/20/2018		17.30	%		1,757		1,757		1,742
Loan ID 729	9/20/2018		23.79	%		13,225		13,225		13,072
Loan ID 730	9/23/2016		23.10	%		3,692		3,692		3,559
Loan ID 731	9/23/2016		11.99	%		5,288		5,288		5,233
Loan ID 732	9/23/2018		10.99	%		16,817		16,817		16,749
Loan ID 733	9/23/2018		20.85	%		8,724		8,724		8,623
Loan ID 734	9/23/2018		16.20	%		5,149		5,149		5,132
Loan ID 735	9/24/2016		11.59	%		2,817		2,817		2,787
Loan ID 736	9/24/2018		20.45	%		8,467		8,467		8,393
Loan ID 737	9/24/2016		15.50	%		8,635		8,635		8,490
Loan ID 738	9/24/2018		15.85	%		6,860		6,860		6,838
Loan ID 739	9/24/2016		12.49	%		7,071		7,071		6,996
Loan ID 740	9/24/2018		19.50	%		8,690		8,690		8,615
Loan ID 741	9/24/2016		16.20	%		7,186		7,186		7,065
Loan ID 742	9/24/2018		16.60	%		12,899		12,899		12,787
Loan ID 743	9/25/2016		14.85	%		10,716		10,716		10,536
Loan ID 744	9/25/2016		29.99	%		1,897		1,897		1,827
Loan ID 745	9/25/2016		14.85	%		5,064		5,064		4,979
Loan ID 746	9/25/2016		15.20	%		3,577		3,577		3,517
Loan ID 747	9/25/2018		23.10	%		7,478		7,478		7,391
Loan ID 748	9/26/2016		31.34	%		2,780		2,780		2,676
Loan ID 749	9/26/2016		29.99	%		3,036		3,036		2,923
Loan ID 750	9/26/2016		18.70	%		2,542		2,542		2,480
Loan ID 751	9/26/2018		20.45	%		5,493		5,493		5,445
Loan ID 752	9/26/2016		15.50	%		7,164		7,164		7,044
Loan ID 753	9/26/2016		16.95	%		10,813		10,813		10,551
Loan ID 754	9/26/2018		20.45	%		6,975		6,975		6,915
Loan ID 755	9/26/2016		16.60	%		5,758		5,758		5,619
Loan ID 756	9/26/2018		24.69	%		3,535		3,535		3,494
Loan ID 757	9/26/2018		17.30	%		4,311		4,311		4,273
Loan ID 758	9/26/2016		20.45	%		2,926		2,926		2,855
Loan ID 759	9/26/2018		18.70	%		4,333		4,333		4,295
Loan ID 760	9/26/2016		25.49	%		7,707		7,707		7,453
Loan ID 761	9/27/2016		20.45	%		2,926		2,926		2,855
Loan ID 762	9/27/2018		25.49	%		8,865		8,865		8,785
Loan ID 763	9/27/2018		19.80	%		13,049		13,049		12,936
Loan ID 764	9/27/2016		18.00	%		1,810		1,810		1,766

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 766	9/27/2016		31.34	%		3,362		3,362		3,237
Loan ID 767	9/27/2016		15.50	%		10,746		10,746		10,566
Loan ID 769	9/27/2016		29.99	%		3,036		3,036		2,923
Loan ID 770	9/27/2018		28.49	%		3,578		3,578		3,546
Loan ID 771	9/27/2018		15.50	%		17,128		17,128		17,072
Loan ID 772	9/27/2016		9.49	%		4,877		4,877		4,826
Loan ID 773	9/27/2016		14.85	%		1,429		1,429		1,405
Loan ID 774	9/27/2018		16.95	%		8,919		8,919		8,841
Loan ID 775	9/27/2018		17.30	%		4,311		4,311		4,273
Loan ID 776	9/27/2018		24.69	%		8,842		8,842		8,740
Loan ID 777	9/27/2018		20.15	%		7,839		7,839		7,771
Loan ID 778	9/27/2018		19.80	%		3,480		3,480		3,450
Loan ID 779	9/27/2018		27.69	%		8,924		8,924		8,844
Loan ID 780	9/27/2016		23.79	%		7,042		7,042		6,787
Loan ID 781	9/27/2016		11.99	%		14,110		14,110		13,961
Loan ID 782	9/27/2018		16.95	%		12,916		12,916		12,804
Loan ID 783	9/27/2016		15.50	%		10,746		10,746		10,566
Loan ID 784	9/27/2016		27.69	%		7,938		7,938		7,676
Loan ID 785	9/27/2016		29.25	%		3,028		3,028		2,928
Loan ID 786	9/27/2016		29.99	%		3,036		3,036		2,923
Loan ID 787	9/27/2018		24.69	%		8,842		8,842		8,740
Loan ID 788	9/27/2016		18.00	%		10,861		10,861		10,598
Loan ID 789	9/27/2016		10.99	%		10,535		10,535		10,424
Loan ID 791	9/27/2016		14.85	%		7,144		7,144		7,024
Loan ID 792	9/27/2016		11.99	%		21,165		21,165		20,941
Loan ID 793	9/27/2016		16.95	%		6,959		6,959		6,790
Loan ID 794	9/27/2016		19.80	%		6,565		6,565		6,406
Loan ID 795	9/27/2016		12.99	%		6,378		6,378		6,310
Loan ID 796	9/27/2016		9.49	%		6,261		6,261		6,195
Loan ID 797	9/27/2016		15.85	%		10,762		10,762		10,582
Loan ID 798	9/27/2018		20.45	%		8,694		8,694		8,618
Loan ID 799	9/27/2018		16.60	%		15,479		15,479		15,344
Loan ID 800	9/30/2016		26.99	%		3,094		3,094		2,992
Loan ID 801	9/30/2018		16.20	%		19,597		19,597		19,533
Loan ID 802	9/30/2016		19.15	%		11,280		11,280		11,007
Loan ID 803	9/30/2016		23.79	%		4,016		4,016		3,870
Loan ID 804	9/30/2016		29.99	%		1,563		1,563		1,505
Loan ID 805	9/30/2016		26.99	%		3,094		3,094		2,992
Loan ID 806	9/30/2018		16.95	%		3,493		3,493		3,463
Loan ID 807	9/30/2016		21.55	%		7,208		7,208		6,947
Loan ID 808	9/30/2016		30.75	%		3,134		3,134		3,017
Loan ID 809	9/30/2016		31.34	%		3,140		3,140		3,023
Loan ID 810	9/30/2018		19.50	%		13,209		13,209		13,095
Loan ID 811	9/30/2016		12.49	%		1,465		1,465		1,450
Loan ID 812	9/30/2016		26.99	%		3,094		3,094		2,992
Loan ID 813	9/30/2018		20.45	%		10,039		10,039		9,951
Loan ID 814	9/30/2018		18.40	%		21,938		21,938		21,747
Loan ID 815	9/30/2016		21.59	%		3,816		3,816		3,724
Loan ID 816	9/30/2016		17.30	%		2,240		2,240		2,186
Loan ID 817	9/30/2018		12.99	%		12,919		12,919		12,867
Loan ID 818	9/30/2016		15.50	%		7,415		7,415		7,291
Loan ID 819	9/30/2016		19.15	%		11,280		11,280		11,007
Loan ID 820	9/30/2016		10.99	%		4,370		4,370		4,323
Loan ID 821	9/30/2016		15.50	%		11,864		11,864		11,665
Loan ID 822	9/30/2016		22.25	%		2,282		2,282		2,199
Loan ID 823	9/30/2018		12.99	%		6,460		6,460		6,434
Loan ID 824	9/30/2016		20.85	%		7,568		7,568		7,294
Loan ID 825	9/30/2016		13.49	%		7,357		7,357		7,233
Loan ID 826	9/30/2016		10.50	%		21,804		21,804		21,574
Loan ID 827	9/30/2016		10.50	%		8,722		8,722		8,629

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 828	9/30/2018		24.69	%		9,154		9,154		9,048
Loan ID 829	10/1/2016		22.25	%		5,710		5,710		5,503
Loan ID 830	10/1/2018		11.59	%		12,857		12,857		12,806
Loan ID 831	10/1/2018		12.49	%		8,600		8,600		8,566
Loan ID 832	10/1/2018		16.20	%		8,715		8,715		8,687
Loan ID 833	10/1/2018		18.70	%		21,973		21,973		21,782
Loan ID 834	10/1/2018		16.60	%		8,727		8,727		8,651
Loan ID 835	10/1/2016		12.99	%		2,937		2,937		2,906
Loan ID 836	10/1/2016		22.25	%		7,613		7,613		7,337
Loan ID 837	10/1/2016		29.99	%		1,956		1,956		1,883
Loan ID 838	10/1/2018		13.99	%		20,322		20,322		20,256
Loan ID 839	10/1/2018		18.40	%		3,512		3,512		3,482
Loan ID 840	10/1/2018		15.79	%		7,840		7,840		7,815
Loan ID 841	10/1/2016		16.95	%		11,193		11,193		10,922
Loan ID 842	10/2/2018		12.99	%		8,616		8,616		8,582
Loan ID 843	10/2/2018		24.69	%		8,953		8,953		8,849
Loan ID 844	10/2/2018		20.15	%		4,415		4,415		4,377
Loan ID 845	10/2/2016		11.59	%		7,559		7,559		7,479
Loan ID 846	10/2/2018		17.30	%		11,373		11,373		11,274
Loan ID 847	10/2/2018		19.15	%		8,752		8,752		8,676
Loan ID 848	10/3/2018		19.50	%		13,218		13,218		13,103
Loan ID 849	10/3/2016		10.99	%		7,285		7,285		7,209
Loan ID 850	10/3/2018		19.50	%		22,030		22,030		21,838
Loan ID 851	10/3/2016		17.30	%		5,230		5,230		5,104
Loan ID 852	10/3/2016		12.99	%		11,018		11,018		10,902
Loan ID 853	10/3/2018		18.70	%		8,789		8,789		8,713
Loan ID 854	10/4/2016		26.99	%		3,097		3,097		2,995
Loan ID 855	10/4/2016		22.25	%		12,674		12,674		12,215
Loan ID 856	10/4/2016		17.60	%		2,992		2,992		2,920
Loan ID 857	10/7/2018		26.99	%		3,141		3,141		3,113
Loan ID 858	10/7/2016		20.15	%		11,330		11,330		11,056
Loan ID 859	10/8/2016		16.60	%		11,177		11,177		10,907
Loan ID 860	10/8/2016		26.99	%		3,097		3,097		2,995
Loan ID 861	10/8/2018		12.99	%		4,739		4,739		4,720
Loan ID 862	10/8/2016		27.69	%		7,762		7,762		7,506
Loan ID 864	10/8/2016		18.40	%		3,290		3,290		3,210
Loan ID 865	10/8/2018		17.60	%		3,065		3,065		3,038
Loan ID 867	10/8/2016		15.85	%		7,430		7,430		7,305
Loan ID 868	10/8/2018		15.20	%		8,685		8,685		8,657
Loan ID 869	10/8/2016		26.99	%		3,097		3,097		2,995
Loan ID 870	10/8/2016		29.99	%		1,565		1,565		1,507
Loan ID 871	10/8/2016		23.10	%		1,986		1,986		1,914
Loan ID 872	10/8/2018		14.85	%		17,349		17,349		17,292
Loan ID 873	10/8/2018		20.15	%		13,246		13,246		13,130
Loan ID 874	10/8/2016		19.80	%		16,596		16,596		16,194
Loan ID 875	10/8/2016		26.29	%		3,090		3,090		2,988
Loan ID 876	10/9/2018		29.25	%		4,534		4,534		4,493
Loan ID 877	10/9/2016		20.15	%		11,366		11,366		11,091
Loan ID 878	10/9/2018		22.25	%		8,889		8,889		8,785
Loan ID 879	10/9/2016		26.99	%		3,872		3,872		3,744
Loan ID 880	10/9/2016		9.49	%		14,480		14,480		14,327
Loan ID 881	10/10/2018		23.10	%		3,565		3,565		3,523
Loan ID 882	10/10/2016		29.99	%		3,130		3,130		3,013
Loan ID 883	10/10/2016		26.99	%		3,872		3,872		3,744
Loan ID 884	10/10/2018		18.00	%		13,153		13,153		13,039
Loan ID 885	10/10/2018		26.29	%		3,598		3,598		3,565
Loan ID 886	10/10/2016		12.49	%		5,131		5,131		5,077
Loan ID 887	10/10/2016		19.15	%		8,687		8,687		8,477
Loan ID 888	10/10/2016		10.50	%		10,179		10,179		10,071
Loan ID 890	10/10/2016		15.20	%		7,411		7,411		7,286

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 891	10/10/2016		23.10	%		3,088		3,088		2,977
Loan ID 892	10/10/2018		27.69	%		9,029		9,029		8,948
Loan ID 893	10/10/2016		22.25	%		3,045		3,045		2,935
Loan ID 894	10/10/2016		12.99	%		4,774		4,774		4,724
Loan ID 896	10/10/2016		31.34	%		3,144		3,144		3,027
Loan ID 897	10/10/2016		10.50	%		8,927		8,927		8,832
Loan ID 898	10/10/2016		17.60	%		7,481		7,481		7,300
Loan ID 899	10/10/2016		12.49	%		23,457		23,457		23,210
Loan ID 900	10/11/2016		18.40	%		9,004		9,004		8,786
Loan ID 901	10/11/2018		16.95	%		17,476		17,476		17,324
Loan ID 903	10/11/2016		29.25	%		3,122		3,122		3,019
Loan ID 904	10/11/2018		17.30	%		8,748		8,748		8,672
Loan ID 905	10/15/2016		16.20	%		7,440		7,440		7,315
Loan ID 906	10/15/2016		31.34	%		1,625		1,625		1,565
Loan ID 907	10/15/2018		23.10	%		2,228		2,228		2,202
Loan ID 909	10/15/2016		23.10	%		3,055		3,055		2,944
Loan ID 910	10/16/2018		12.99	%		15,509		15,509		15,447
Loan ID 911	10/16/2018		29.25	%		9,067		9,067		8,986
Loan ID 912	10/16/2016		26.99	%		1,936		1,936		1,872
Loan ID 913	10/16/2018		20.15	%		8,805		8,805		8,728
Loan ID 914	10/16/2016		29.25	%		1,065		1,065		1,030
Loan ID 915	10/16/2018		18.70	%		13,184		13,184		13,069
Loan ID 916	10/16/2016		9.49	%		5,792		5,792		5,731
Loan ID 917	10/16/2018		19.50	%		13,218		13,218		13,103
Loan ID 918	10/16/2016		9.49	%		10,860		10,860		10,745
Loan ID 919	10/16/2016		12.49	%		6,597		6,597		6,528
Loan ID 920	10/16/2018		24.69	%		3,591		3,591		3,549
Loan ID 921	10/16/2016		12.99	%		7,345		7,345		7,268
Loan ID 922	10/16/2018		11.59	%		17,143		17,143		17,074
Loan ID 923	10/16/2018		19.15	%		3,537		3,537		3,506
Loan ID 924	10/17/2016		16.20	%		2,976		2,976		2,926
Loan ID 925	10/17/2016		14.40	%		11,081		11,081		10,895
Loan ID 928	10/17/2018		23.10	%		2,674		2,674		2,642
Loan ID 929	10/17/2018		11.59	%		12,857		12,857		12,806
Loan ID 930	10/17/2016		17.60	%		3,376		3,376		3,294
Loan ID 931	10/17/2016		12.99	%		3,673		3,673		3,634
Loan ID 932	10/17/2018		16.20	%		10,023		10,023		9,990
Loan ID 933	10/17/2018		18.40	%		13,171		13,171		13,056
Loan ID 935	10/17/2016		9.90	%		6,165		6,165		6,100
Loan ID 936	10/17/2016		15.50	%		11,129		11,129		10,942
Loan ID 937	10/17/2016		20.85	%		8,079		8,079		7,786
Loan ID 938	10/17/2016		13.49	%		11,240		11,240		11,051
Loan ID 939	10/17/2018		13.99	%		15,566		15,566		15,515
Loan ID 940	10/17/2016		13.49	%		3,680		3,680		3,618
Loan ID 941	10/17/2018		18.40	%		13,171		13,171		13,056
Loan ID 942	10/17/2018		20.45	%		22,097		22,097		21,905
Loan ID 943	10/17/2018		12.99	%		10,340		10,340		10,298
Loan ID 944	10/18/2018		17.60	%		17,514		17,514		17,362
Loan ID 945	10/18/2016		19.15	%		11,288		11,288		11,015
Loan ID 946	10/18/2016		15.85	%		11,184		11,184		10,997
Loan ID 947	10/18/2016		20.15	%		7,190		7,190		7,016
Loan ID 948	10/18/2016		21.55	%		7,593		7,593		7,318
Loan ID 949	10/18/2018		19.50	%		5,640		5,640		5,591
Loan ID 950	10/18/2016		9.49	%		9,387		9,387		9,288
Loan ID 951	10/18/2016		20.45	%		11,343		11,343		11,069
Loan ID 952	10/18/2016		18.00	%		11,238		11,238		10,966
Loan ID 953	10/18/2016		20.45	%		8,270		8,270		8,070
Loan ID 954	10/18/2018		20.45	%		7,071		7,071		7,010
Loan ID 955	10/18/2016		21.55	%		2,355		2,355		2,270
Loan ID 957	10/18/2016		23.10	%		3,971		3,971		3,827

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 958	10/18/2018		17.30	%		13,133		13,133		13,019
Loan ID 959	10/18/2018		20.45	%		8,691		8,691		8,616
Loan ID 960	10/18/2016		16.60	%		14,903		14,903		14,542
Loan ID 961	10/18/2018		20.15	%		13,248		13,248		13,133
Loan ID 962	10/21/2016		25.49	%		7,703		7,703		7,449
Loan ID 963	10/21/2016		17.60	%		11,240		11,240		10,968
Loan ID 965	10/21/2018		10.99	%		21,380		21,380		21,294
Loan ID 966	10/21/2018		16.95	%		13,107		13,107		12,993
Loan ID 967	10/21/2018		17.30	%		21,870		21,870		21,680
Loan ID 968	10/22/2018		16.20	%		8,715		8,715		8,687
Loan ID 969	10/22/2016		12.99	%		14,691		14,691		14,535
Loan ID 970	10/22/2016		20.85	%		7,573		7,573		7,299
Loan ID 971	10/22/2016		18.40	%		18,759		18,759		18,305
Loan ID 972	10/22/2016		20.45	%		2,269		2,269		2,214
Loan ID 973	10/22/2018		18.40	%		13,171		13,171		13,056
Loan ID 974	10/22/2016		18.40	%		10,130		10,130		9,885
Loan ID 975	10/23/2018		11.99	%		17,169		17,169		17,100
Loan ID 976	10/23/2016		22.25	%		2,665		2,665		2,568
Loan ID 977	10/24/2018		20.85	%		8,928		8,928		8,824
Loan ID 978	10/25/2016		19.15	%		11,288		11,288		11,015
Loan ID 979	10/25/2016		18.40	%		8,252		8,252		8,052
Loan ID 980	10/28/2018		23.79	%		6,251		6,251		6,178
Loan ID 981	10/28/2018		16.20	%		21,788		21,788		21,717
Loan ID 982	10/28/2016		13.99	%		11,062		11,062		10,877
Loan ID 983	10/28/2016		20.45	%		3,021		3,021		2,948
Loan ID 984	10/28/2016		9.49	%		7,240		7,240		7,164
Loan ID 985	10/28/2016		19.50	%		9,796		9,796		9,559
Loan ID 986	10/28/2016		24.69	%		6,611		6,611		6,372
Loan ID 987	10/28/2016		13.99	%		2,950		2,950		2,901
Loan ID 988	10/29/2018		23.79	%		3,572		3,572		3,530
Loan ID 989	10/29/2018		23.10	%		8,930		8,930		8,826
Loan ID 990	10/29/2016		10.50	%		6,544		6,544		6,474
Loan ID 991	10/29/2018		20.15	%		9,272		9,272		9,191
Loan ID 992	10/29/2016		13.99	%		9,956		9,956		9,789
Loan ID 993	10/29/2018		16.60	%		8,291		8,291		8,219
Loan ID 994	10/29/2016		14.40	%		6,648		6,648		6,537
Loan ID 995	10/29/2016		13.49	%		1,840		1,840		1,809
Loan ID 996	10/29/2016		19.15	%		3,010		3,010		2,937
Loan ID 997	10/29/2016		29.25	%		3,512		3,512		3,396
Loan ID 998	10/29/2018		18.40	%		13,863		13,863		13,743
Loan ID 999	10/29/2016		12.99	%		14,690		14,690		14,535
Loan ID 1000	10/29/2018		13.99	%		6,371		6,371		6,350
Loan ID 1001	10/30/2016		10.50	%		6,776		6,776		6,704
Loan ID 1002	10/30/2016		17.60	%		7,724		7,724		7,537
Loan ID 1003	10/30/2016		16.20	%		3,075		3,075		3,023
Loan ID 1004	10/30/2018		19.15	%		8,917		8,917		8,839
Loan ID 1005	10/30/2018		15.50	%		22,046		22,046		21,974
Loan ID 1006	10/31/2016		18.00	%		7,734		7,734		7,547
Loan ID 1008	10/31/2016		20.45	%		1,560		1,560		1,522
Loan ID 1009	10/31/2016		20.45	%		3,120		3,120		3,044
Loan ID 1010	10/31/2018		26.99	%		9,107		9,107		9,025
Loan ID 1011	10/31/2016		19.15	%		11,667		11,667		11,384
Loan ID 1012	11/1/2016		24.69	%		7,909		7,909		7,623
Loan ID 1013	11/1/2016		15.50	%		11,500		11,500		11,307
Loan ID 1014	11/1/2018		13.49	%		17,521		17,521		17,463
Loan ID 1015	11/1/2016		26.29	%		3,180		3,180		3,075
Loan ID 1016	11/1/2016		11.59	%		11,338		11,338		11,218
Loan ID 1017	11/1/2016		13.99	%		7,625		7,625		7,497
Loan ID 1018	11/1/2016		10.50	%		10,255		10,255		10,147
Loan ID 1019	11/1/2016		26.99	%		7,967		7,967		7,704

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1020	11/1/2016		11.99	%		11,343		11,343		11,224
Loan ID 1021	11/1/2016		28.49	%		1,601		1,601		1,548
Loan ID 1022	11/1/2018		20.85	%		9,390		9,390		9,281
Loan ID 1023	11/1/2018		13.99	%		16,673		16,673		16,619
Loan ID 1024	11/1/2018		19.15	%		8,916		8,916		8,839
Loan ID 1025	11/4/2016		26.99	%		3,187		3,187		3,082
Loan ID 1026	11/4/2016		20.45	%		7,688		7,688		7,502
Loan ID 1027	11/4/2016		29.25	%		3,209		3,209		3,103
Loan ID 1028	11/4/2018		16.60	%		22,121		22,121		21,928
Loan ID 1029	11/4/2016		10.99	%		7,542		7,542		7,462
Loan ID 1030	11/4/2018		14.85	%		13,200		13,200		13,157
Loan ID 1031	11/4/2016		28.49	%		3,202		3,202		3,096
Loan ID 1032	11/4/2016		10.99	%		11,313		11,313		11,193
Loan ID 1033	11/4/2018		23.79	%		6,323		6,323		6,249
Loan ID 1034	11/4/2016		16.60	%		15,393		15,393		15,021
Loan ID 1035	11/4/2018		20.85	%		8,064		8,064		7,970
Loan ID 1036	11/5/2018		18.70	%		13,357		13,357		13,241
Loan ID 1037	11/5/2016		9.49	%		5,250		5,250		5,194
Loan ID 1038	11/6/2018		19.50	%		13,557		13,557		13,439
Loan ID 1040	11/6/2016		18.00	%		7,734		7,734		7,547
Loan ID 1041	11/6/2018		23.79	%		13,549		13,549		13,392
Loan ID 1042	11/6/2016		12.49	%		18,959		18,959		18,759
Loan ID 1043	11/6/2016		19.15	%		7,765		7,765		7,577
Loan ID 1046	11/6/2016		17.30	%		9,258		9,258		9,034
Loan ID 1047	11/6/2018		25.49	%		4,536		4,536		4,496
Loan ID 1048	11/6/2016		12.49	%		17,822		17,822		17,633
Loan ID 1049	11/6/2016		16.20	%		3,584		3,584		3,524
Loan ID 1050	11/6/2018		23.79	%		9,033		9,033		8,928
Loan ID 1051	11/6/2016		20.15	%		7,359		7,359		7,181
Loan ID 1052	11/6/2016		26.99	%		7,967		7,967		7,704
Loan ID 1053	11/6/2016		23.10	%		7,868		7,868		7,583
Loan ID 1054	11/6/2016		28.49	%		4,002		4,002		3,870
Loan ID 1055	11/6/2016		9.90	%		3,005		3,005		2,973
Loan ID 1056	11/7/2018		18.40	%		13,345		13,345		13,229
Loan ID 1057	11/7/2016		24.69	%		6,723		6,723		6,479
Loan ID 1058	11/7/2016		12.49	%		11,375		11,375		11,254
Loan ID 1059	11/7/2016		19.80	%		3,124		3,124		3,049
Loan ID 1060	11/7/2016		18.70	%		7,365		7,365		7,187
Loan ID 1061	11/7/2016		29.25	%		3,209		3,209		3,103
Loan ID 1062	11/7/2016		16.95	%		11,559		11,559		11,279
Loan ID 1063	11/8/2016		26.99	%		7,967		7,967		7,704
Loan ID 1064	11/8/2016		29.25	%		8,023		8,023		7,758
Loan ID 1065	11/8/2016		19.50	%		11,661		11,661		11,379
Loan ID 1066	11/8/2018		20.45	%		5,370		5,370		5,323
Loan ID 1067	11/12/2016		11.59	%		18,897		18,897		18,697
Loan ID 1068	11/12/2016		20.15	%		3,117		3,117		3,041
Loan ID 1069	11/12/2016		9.90	%		11,266		11,266		11,147
Loan ID 1070	11/12/2016		19.15	%		7,015		7,015		6,845
Loan ID 1071	11/12/2016		29.25	%		3,209		3,209		3,103
Loan ID 1073	11/12/2016		10.99	%		7,055		7,055		6,981
Loan ID 1074	11/12/2016		14.85	%		19,122		19,122		18,801
Loan ID 1075	11/12/2016		20.45	%		2,730		2,730		2,664
Loan ID 1077	11/12/2016		12.99	%		14,563		14,563		14,409
Loan ID 1078	11/12/2016		17.30	%		11,291		11,291		11,018
Loan ID 1079	11/12/2016		29.25	%		8,023		8,023		7,758
Loan ID 1080	11/12/2016		13.99	%		6,100		6,100		5,998
Loan ID 1081	11/12/2016		29.25	%		2,840		2,840		2,747
Loan ID 1082	11/12/2018		15.50	%		13,227		13,227		13,184
Loan ID 1083	11/12/2016		16.20	%		5,380		5,380		5,290
Loan ID 1084	11/12/2018		14.85	%		8,800		8,800		8,771

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1085	11/12/2016		11.99	%		10,745		10,745		10,632
Loan ID 1086	11/13/2018		16.60	%		8,848		8,848		8,771
Loan ID 1087	11/13/2016		10.99	%		15,101		15,101		14,941
Loan ID 1088	11/13/2016		9.49	%		18,749		18,749		18,550
Loan ID 1089	11/13/2016		13.49	%		10,656		10,656		10,477
Loan ID 1090	11/13/2016		9.90	%		4,957		4,957		4,905
Loan ID 1091	11/13/2018		10.99	%		13,115		13,115		13,062
Loan ID 1092	11/13/2018		17.30	%		12,414		12,414		12,306
Loan ID 1093	11/13/2016		20.85	%		7,810		7,810		7,527
Loan ID 1095	11/13/2016		18.00	%		11,601		11,601		11,321
Loan ID 1096	11/13/2016		17.60	%		3,089		3,089		3,015
Loan ID 1097	11/13/2016		29.25	%		1,605		1,605		1,552
Loan ID 1098	11/13/2016		16.20	%		9,607		9,607		9,446
Loan ID 1099	11/13/2018		12.49	%		15,716		15,716		15,652
Loan ID 1100	11/13/2018		13.99	%		13,041		13,041		12,999
Loan ID 1101	11/13/2018		13.99	%		27,862		27,862		27,772
Loan ID 1102	11/13/2016		14.40	%		10,691		10,691		10,512
Loan ID 1103	11/13/2016		11.99	%		6,304		6,304		6,237
Loan ID 1104	11/13/2018		28.49	%		9,140		9,140		9,058
Loan ID 1105	11/13/2016		24.69	%		5,141		5,141		4,955
Loan ID 1106	11/14/2018		16.20	%		22,093		22,093		22,021
Loan ID 1108	11/14/2018		17.60	%		8,875		8,875		8,798
Loan ID 1109	11/14/2018		13.49	%		8,761		8,761		8,733
Loan ID 1110	11/14/2018		16.95	%		13,287		13,287		13,171
Loan ID 1111	11/14/2018		20.85	%		8,960		8,960		8,856
Loan ID 1112	11/15/2016		16.95	%		7,706		7,706		7,520
Loan ID 1113	11/15/2016		9.90	%		11,267		11,267		11,148
Loan ID 1114	11/15/2016		24.69	%		3,954		3,954		3,811
Loan ID 1115	11/15/2016		10.99	%		11,313		11,313		11,193
Loan ID 1116	11/15/2016		10.99	%		10,558		10,558		10,447
Loan ID 1117	11/15/2016		16.20	%		7,686		7,686		7,557
Loan ID 1118	11/18/2016		14.85	%		15,239		15,239		14,983
Loan ID 1119	11/18/2016		10.99	%		4,539		4,539		4,492
Loan ID 1120	11/18/2016		9.90	%		11,267		11,267		11,148
Loan ID 1121	11/19/2018		14.85	%		8,800		8,800		8,771
Loan ID 1122	11/20/2018		11.59	%		7,618		7,618		7,587
Loan ID 1123	11/20/2016		14.85	%		11,907		11,907		11,707
Loan ID 1124	11/20/2016		18.40	%		12,881		12,881		12,570
Loan ID 1125	11/20/2016		20.85	%		7,810		7,810		7,527
Loan ID 1126	11/20/2018		20.85	%		3,584		3,584		3,542
Loan ID 1127	11/20/2018		18.70	%		13,357		13,357		13,241
Loan ID 1128	11/20/2018		12.49	%		6,986		6,986		6,958
Loan ID 1129	11/20/2018		9.90	%		17,311		17,311		17,241
Loan ID 1130	11/20/2018		23.79	%		13,549		13,549		13,392
Loan ID 1131	11/20/2016		19.50	%		12,223		12,223		11,927
Loan ID 1132	11/20/2016		14.40	%		11,454		11,454		11,262
Loan ID 1133	11/20/2016		18.40	%		11,617		11,617		11,336
Loan ID 1134	11/20/2016		16.20	%		8,446		8,446		8,305
Loan ID 1135	11/21/2016		15.85	%		3,071		3,071		3,019
Loan ID 1136	11/21/2016		10.99	%		1,508		1,508		1,492
Loan ID 1137	11/22/2016		10.99	%		3,771		3,771		3,731
Loan ID 1138	11/22/2016		17.60	%		7,723		7,723		7,537
Loan ID 1139	11/22/2016		14.40	%		11,455		11,455		11,263
Loan ID 1140	11/25/2016		13.49	%		25,118		25,118		24,697
Loan ID 1141	11/25/2016		9.49	%		15,759		15,759		15,593
Loan ID 1142	11/25/2018		19.15	%		3,567		3,567		3,536
Loan ID 1143	11/25/2018		17.60	%		13,313		13,313		13,197
Loan ID 1144	11/25/2018		10.99	%		6,516		6,516		6,490
Loan ID 1145	11/25/2018		15.50	%		11,463		11,463		11,426
Loan ID 1146	11/26/2016		13.99	%		7,625		7,625		7,497

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1147	11/26/2016		15.85	%		6,525		6,525		6,415
Loan ID 1148	11/26/2016		10.50	%		5,646		5,646		5,586
Loan ID 1149	11/26/2016		9.49	%		26,248		26,248		25,971
Loan ID 1150	11/26/2018		19.70	%		8,948		8,948		8,871
Loan ID 1151	11/26/2018		12.74	%		17,479		17,479		17,422
Loan ID 1153	11/26/2016		19.70	%		11,669		11,669		11,387
Loan ID 1154	11/26/2018		26.24	%		9,090		9,090		9,008
Loan ID 1155	11/26/2016		9.90	%		6,009		6,009		5,945
Loan ID 1156	11/26/2016		17.25	%		11,571		11,571		11,291
Loan ID 1157	11/26/2018		12.39	%		17,459		17,459		17,388
Loan ID 1158	11/26/2018		16.60	%		5,769		5,769		5,718
Loan ID 1160	11/26/2016		13.14	%		12,149		12,149		11,945
Loan ID 1161	11/26/2016		9.30	%		11,241		11,241		11,122
Loan ID 1162	11/26/2018		18.40	%		13,345		13,345		13,229
Loan ID 1163	11/26/2018		14.35	%		17,571		17,571		17,514
Loan ID 1164	11/26/2018		13.14	%		11,377		11,377		11,339
Loan ID 1165	11/26/2016		11.59	%		9,300		9,300		9,202
Loan ID 1166	11/26/2016		14.00	%		9,151		9,151		8,997
Loan ID 1167	11/26/2016		11.59	%		4,838		4,838		4,787
Loan ID 1168	11/26/2018		18.40	%		13,345		13,345		13,229
Loan ID 1169	11/26/2016		10.99	%		15,084		15,084		14,924
Loan ID 1170	11/26/2018		16.20	%		13,256		13,256		13,141
Loan ID 1171	11/26/2016		13.49	%		15,223		15,223		14,968
Loan ID 1172	11/27/2016		21.50	%		3,131		3,131		3,017
Loan ID 1173	11/27/2016		9.30	%		13,946		13,946		13,799
Loan ID 1174	11/27/2016		14.65	%		3,991		3,991		3,924
Loan ID 1175	11/27/2018		19.15	%		8,025		8,025		7,955
Loan ID 1176	11/27/2016		10.50	%		11,292		11,292		11,173
Loan ID 1177	11/27/2016		12.49	%		5,309		5,309		5,253
Loan ID 1178	11/27/2016		11.89	%		3,148		3,148		3,114
Loan ID 1180	11/27/2016		9.30	%		11,241		11,241		11,122
Loan ID 1181	11/27/2016		19.40	%		11,390		11,390		11,114
Loan ID 1182	11/27/2016		16.20	%		9,223		9,223		9,000
Loan ID 1183	11/27/2018		15.50	%		8,818		8,818		8,789
Loan ID 1185	11/27/2018		19.80	%		4,467		4,467		4,428
Loan ID 1186	11/27/2018		16.60	%		3,330		3,330		3,301
Loan ID 1187	11/27/2016		13.99	%		15,250		15,250		14,995
Loan ID 1189	11/27/2016		12.39	%		15,920		15,920		15,752
Loan ID 1190	11/27/2016		8.79	%		11,219		11,219		11,101
Loan ID 1191	11/27/2018		14.00	%		6,143		6,143		6,123
Loan ID 1192	11/27/2016		13.49	%		11,412		11,412		11,220
Loan ID 1193	11/27/2016		11.89	%		18,918		18,918		18,718
Loan ID 1194	11/27/2016		16.20	%		11,529		11,529		11,250
Loan ID 1195	11/27/2016		16.85	%		8,065		8,065		7,870
Loan ID 1196	11/27/2016		17.60	%		3,862		3,862		3,768
Loan ID 1197	11/27/2016		8.79	%		9,723		9,723		9,621
Loan ID 1198	11/27/2016		15.00	%		11,479		11,479		11,287
Loan ID 1199	11/27/2018		16.20	%		13,450		13,450		13,333
Loan ID 1200	11/27/2016		11.99	%		7,570		7,570		7,490
Loan ID 1201	11/27/2016		10.99	%		11,313		11,313		11,193
Loan ID 1202	11/27/2016		11.89	%		11,350		11,350		11,231
Loan ID 1203	11/27/2016		10.50	%		3,011		3,011		2,979
Loan ID 1204	11/27/2016		17.95	%		7,733		7,733		7,546
Loan ID 1205	11/27/2018		9.90	%		8,655		8,655		8,620
Loan ID 1206	11/27/2018		18.75	%		13,359		13,359		13,243
Loan ID 1207	11/29/2016		13.99	%		11,471		11,471		11,279
Loan ID 1208	11/29/2018		16.85	%		13,282		13,282		13,167
Loan ID 1209	11/29/2016		13.14	%		10,642		10,642		10,464
Loan ID 1210	11/29/2018		18.75	%		13,359		13,359		13,242
Loan ID 1211	11/29/2018		14.65	%		17,588		17,588		17,531

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1212	11/29/2018		19.70	%		11,610		11,610		11,509
Loan ID 1213	11/29/2018		16.60	%		13,272		13,272		13,157
Loan ID 1214	11/29/2016		10.99	%		7,542		7,542		7,462
Loan ID 1215	11/29/2016		16.20	%		5,380		5,380		5,250
Loan ID 1216	11/29/2016		10.50	%		9,033		9,033		8,938
Loan ID 1217	11/29/2016		11.89	%		11,350		11,350		11,230
Loan ID 1218	11/29/2018		16.55	%		13,270		13,270		13,155
Loan ID 1219	11/29/2018		20.15	%		10,037		10,037		9,949
Loan ID 1220	12/2/2016		15.35	%		3,165		3,165		3,112
Loan ID 1221	12/2/2016		12.39	%		7,836		7,836		7,753
Loan ID 1222	12/2/2016		12.39	%		3,010		3,010		2,978
Loan ID 1223	12/2/2016		23.04	%		8,102		8,102		7,808
Loan ID 1224	12/2/2018		13.55	%		8,895		8,895		8,866
Loan ID 1225	12/2/2018		14.35	%		9,361		9,361		9,331
Loan ID 1226	12/2/2016		14.00	%		15,754		15,754		15,490
Loan ID 1227	12/2/2016		9.90	%		10,102		10,102		9,995
Loan ID 1228	12/3/2016		8.79	%		7,741		7,741		7,659
Loan ID 1229	12/3/2016		16.85	%		2,782		2,782		2,715
Loan ID 1230	12/3/2018		20.10	%		13,586		13,586		13,428
Loan ID 1231	12/3/2016		12.39	%		5,877		5,877		5,815
Loan ID 1232	12/3/2018		19.40	%		22,602		22,602		22,406
Loan ID 1233	12/3/2016		19.70	%		3,208		3,208		3,131
Loan ID 1234	12/3/2016		12.49	%		5,487		5,487		5,429
Loan ID 1235	12/4/2016		17.65	%		11,955		11,955		11,665
Loan ID 1236	12/4/2018		19.40	%		13,561		13,561		13,443
Loan ID 1237	12/4/2016		15.35	%		15,823		15,823		15,558
Loan ID 1238	12/4/2016		12.39	%		12,537		12,537		12,405
Loan ID 1239	12/4/2016		14.65	%		11,841		11,841		11,642
Loan ID 1240	12/4/2016		10.39	%		9,326		9,326		9,227
Loan ID 1241	12/4/2018		15.35	%		16,988		16,988		16,933
Loan ID 1242	12/4/2016		18.40	%		15,977		15,977		15,590
Loan ID 1243	12/4/2018		15.85	%		13,792		13,792		13,672
Loan ID 1244	12/4/2018		17.25	%		13,483		13,483		13,366
Loan ID 1245	12/4/2018		16.20	%		8,963		8,963		8,885
Loan ID 1246	12/4/2016		10.99	%		19,498		19,498		19,292
Loan ID 1247	12/4/2018		15.35	%		31,294		31,294		31,192
Loan ID 1248	12/4/2016		16.85	%		3,180		3,180		3,103
Loan ID 1249	12/4/2018		16.55	%		13,457		13,457		13,340
Loan ID 1250	12/4/2018		16.55	%		13,457		13,457		13,340
Loan ID 1251	12/4/2018		19.70	%		6,334		6,334		6,279
Loan ID 1252	12/4/2016		9.30	%		5,040		5,040		4,987
Loan ID 1253	12/4/2016		24.74	%		8,162		8,162		7,893
Loan ID 1254	12/4/2018		14.65	%		8,923		8,923		8,894
Loan ID 1255	12/4/2016		19.05	%		12,007		12,007		11,716
Loan ID 1256	12/5/2016		18.40	%		4,793		4,793		4,677
Loan ID 1257	12/5/2016		22.35	%		3,638		3,638		3,507
Loan ID 1258	12/5/2018		14.35	%		31,204		31,204		31,103
Loan ID 1259	12/5/2016		10.99	%		7,799		7,799		7,717
Loan ID 1260	12/5/2016		16.20	%		7,933		7,933		7,741
Loan ID 1261	12/5/2016		13.55	%		6,686		6,686		6,574
Loan ID 1262	12/5/2016		14.65	%		6,580		6,580		6,470
Loan ID 1263	12/5/2018		11.39	%		15,023		15,023		14,962
Loan ID 1264	12/5/2016		14.35	%		11,829		11,829		11,631
Loan ID 1265	12/5/2016		10.39	%		14,010		14,010		13,862
Loan ID 1266	12/5/2018		15.85	%		6,715		6,715		6,657
Loan ID 1267	12/5/2016		19.80	%		3,971		3,971		3,874
Loan ID 1268	12/5/2016		12.74	%		27,457		27,457		26,996
Loan ID 1269	12/5/2016		16.20	%		11,900		11,900		11,612
Loan ID 1270	12/5/2016		13.14	%		7,855		7,855		7,723
Loan ID 1271	12/5/2018		19.05	%		10,839		10,839		10,745

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1273	12/5/2018		22.35	%		3,644		3,644		3,601
Loan ID 1274	12/5/2018		15.35	%		22,353		22,353		22,280
Loan ID 1275	12/5/2016		13.14	%		11,783		11,783		11,585
Loan ID 1276	12/5/2018		22.35	%		9,109		9,109		9,003
Loan ID 1277	12/6/2018		17.95	%		13,509		13,509		13,391
Loan ID 1278	12/6/2018		16.20	%		6,274		6,274		6,219
Loan ID 1279	12/6/2016		10.39	%		6,616		6,616		6,546
Loan ID 1280	12/6/2018		19.70	%		13,589		13,589		13,471
Loan ID 1282	12/6/2016		11.39	%		7,810		7,810		7,727
Loan ID 1283	12/6/2016		19.40	%		16,026		16,026		15,639
Loan ID 1284	12/6/2018		12.39	%		13,296		13,296		13,242
Loan ID 1285	12/6/2016		11.39	%		27,333		27,333		27,045
Loan ID 1286	12/6/2016		10.99	%		19,498		19,498		19,292
Loan ID 1287	12/6/2018		15.35	%		22,353		22,353		22,280
Loan ID 1288	12/6/2016		12.39	%		15,671		15,671		15,506
Loan ID 1289	12/6/2016		10.39	%		10,897		10,897		10,781
Loan ID 1290	12/6/2016		15.85	%		3,962		3,962		3,866
Loan ID 1291	12/6/2016		22.35	%		8,085		8,085		7,792
Loan ID 1292	12/9/2018		22.35	%		1,822		1,822		1,801
Loan ID 1293	12/9/2018		13.14	%		17,768		17,768		17,710
Loan ID 1294	12/9/2018		19.40	%		22,602		22,602		22,406
Loan ID 1295	12/9/2018		16.20	%		13,444		13,444		13,327
Loan ID 1296	12/9/2016		12.39	%		5,485		5,485		5,427
Loan ID 1297	12/9/2016		10.39	%		2,335		2,335		2,310
Loan ID 1298	12/9/2018		11.89	%		17,701		17,701		17,629
Loan ID 1299	12/9/2016		15.35	%		1,631		1,631		1,603
Loan ID 1300	12/9/2016		11.39	%		11,714		11,714		11,591
Loan ID 1301	12/10/2018		14.65	%		13,385		13,385		13,341
Loan ID 1302	12/10/2018		12.74	%		17,746		17,746		17,689
Loan ID 1303	12/10/2016		12.39	%		11,753		11,753		11,629
Loan ID 1304	12/10/2016		10.39	%		1,557		1,557		1,540
Loan ID 1305	12/10/2016		19.05	%		12,702		12,702		12,394
Loan ID 1306	12/10/2018		18.40	%		9,017		9,017		8,938
Loan ID 1307	12/10/2016		10.99	%		7,019		7,019		6,945
Loan ID 1308	12/10/2018		21.50	%		9,090		9,090		8,984
Loan ID 1309	12/10/2018		13.14	%		22,329		22,329		22,256
Loan ID 1310	12/10/2018		13.55	%		22,237		22,237		22,164
Loan ID 1311	12/10/2016		13.14	%		7,855		7,855		7,723
Loan ID 1312	12/10/2016		16.85	%		11,924		11,924		11,636
Loan ID 1313	12/11/2016		26.24	%		3,272		3,272		3,164
Loan ID 1314	12/11/2016		26.24	%		3,271		3,271		3,163
Loan ID 1315	12/11/2016		13.14	%		11,783		11,783		11,585
Loan ID 1317	12/11/2016		10.39	%		8,951		8,951		8,856
Loan ID 1318	12/11/2016		20.10	%		6,424		6,424		6,192
Loan ID 1319	12/11/2018		15.85	%		10,297		10,297		10,207
Loan ID 1320	12/11/2016		11.89	%		5,476		5,476		5,418
Loan ID 1321	12/11/2016		28.50	%		4,938		4,938		4,775
Loan ID 1322	12/12/2018		19.40	%		9,041		9,041		8,962
Loan ID 1323	12/12/2018		17.95	%		22,515		22,515		22,319
Loan ID 1324	12/12/2016		28.50	%		3,292		3,292		3,183
Loan ID 1325	12/12/2018		9.90	%		14,073		14,073		14,017
Loan ID 1326	12/13/2016		9.90	%		3,108		3,108		3,075
Loan ID 1327	12/13/2016		11.39	%		8,803		8,803		8,710
Loan ID 1328	12/13/2018		22.35	%		9,109		9,109		9,003
Loan ID 1329	12/13/2016		14.65	%		3,947		3,947		3,881
Loan ID 1330	12/13/2016		12.74	%		2,746		2,746		2,700
Loan ID 1331	12/13/2018		18.40	%		13,544		13,544		13,426
Loan ID 1334	12/16/2016		11.89	%		15,609		15,609		15,445
Loan ID 1335	12/16/2016		28.50	%		3,377		3,377		3,265
Loan ID 1336	12/16/2018		12.39	%		4,432		4,432		4,414

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1337	12/16/2018		18.00	%		12,610		12,610		12,500
Loan ID 1338	12/16/2016		11.39	%		13,667		13,667		13,522
Loan ID 1339	12/16/2018		16.55	%		17,943		17,943		17,787
Loan ID 1340	12/16/2016		24.74	%		3,257		3,257		3,149
Loan ID 1341	12/16/2016		20.80	%		4,426		4,426		4,266
Loan ID 1342	12/16/2016		18.75	%		12,550		12,550		12,247
Loan ID 1343	12/16/2016		19.70	%		1,604		1,604		1,565
Loan ID 1344	12/16/2016		19.05	%		20,011		20,011		19,527
Loan ID 1345	12/16/2016		9.90	%		15,541		15,541		15,377
Loan ID 1346	12/16/2018		23.04	%		13,687		13,687		13,528
Loan ID 1347	12/17/2016		11.89	%		15,645		15,645		15,480
Loan ID 1348	12/17/2018		12.74	%		8,873		8,873		8,844
Loan ID 1349	12/17/2018		19.70	%		13,572		13,572		13,454
Loan ID 1350	12/17/2016		30.59	%		1,655		1,655		1,594
Loan ID 1351	12/17/2016		11.89	%		10,169		10,169		10,062
Loan ID 1352	12/17/2018		11.39	%		13,255		13,255		13,202
Loan ID 1354	12/17/2016		15.35	%		11,868		11,868		11,669
Loan ID 1355	12/17/2018		15.00	%		22,458		22,458		22,385
Loan ID 1356	12/17/2018		17.25	%		8,090		8,090		8,020
Loan ID 1357	12/17/2016		19.70	%		8,021		8,021		7,826
Loan ID 1358	12/17/2016		11.89	%		2,347		2,347		2,322
Loan ID 1359	12/17/2016		14.00	%		7,854		7,854		7,723
Loan ID 1360	12/17/2016		9.30	%		3,877		3,877		3,836
Loan ID 1361	12/18/2016		13.55	%		10,225		10,225		10,054
Loan ID 1362	12/18/2016		16.55	%		9,151		9,151		8,930
Loan ID 1363	12/18/2018		12.39	%		16,841		16,841		16,773
Loan ID 1364	12/18/2016		12.39	%		11,753		11,753		11,629
Loan ID 1365	12/18/2016		19.40	%		16,026		16,026		15,639
Loan ID 1366	12/18/2016		20.10	%		1,617		1,617		1,558
Loan ID 1367	12/18/2016		11.89	%		7,823		7,823		7,740
Loan ID 1368	12/18/2018		17.95	%		13,509		13,509		13,391
Loan ID 1369	12/18/2018		23.94	%		9,144		9,144		9,038
Loan ID 1370	12/18/2016		16.85	%		7,966		7,966		7,773
Loan ID 1371	12/19/2018		14.00	%		17,787		17,787		17,729
Loan ID 1372	12/19/2016		12.39	%		19,589		19,589		19,382
Loan ID 1373	12/19/2018		16.85	%		8,979		8,979		8,901
Loan ID 1374	12/19/2018		19.05	%		13,549		13,549		13,431
Loan ID 1375	12/19/2018		12.39	%		4,432		4,432		4,414
Loan ID 1376	12/19/2018		14.35	%		30,090		30,090		29,992
Loan ID 1377	12/19/2016		9.90	%		1,554		1,554		1,538
Loan ID 1378	12/19/2018		16.55	%		13,457		13,457		13,340
Loan ID 1379	12/19/2016		18.75	%		11,996		11,996		11,705
Loan ID 1380	12/19/2018		17.95	%		22,518		22,518		22,322
Loan ID 1381	12/19/2016		8.79	%		5,343		5,343		5,287
Loan ID 1382	12/19/2016		9.90	%		1,554		1,554		1,537
Loan ID 1383	12/19/2016		28.50	%		3,292		3,292		3,183
Loan ID 1384	12/19/2016		19.05	%		3,202		3,202		3,124
Loan ID 1385	12/19/2018		15.35	%		13,412		13,412		13,368
Loan ID 1386	12/19/2016		14.35	%		2,366		2,366		2,326
Loan ID 1387	12/19/2016		26.94	%		3,277		3,277		3,169
Loan ID 1388	12/19/2018		12.74	%		13,310		13,310		13,266
Loan ID 1389	12/19/2016		11.39	%		3,905		3,905		3,864
Loan ID 1390	12/19/2016		14.65	%		19,735		19,735		19,404
Loan ID 1391	12/19/2016		12.74	%		2,353		2,353		2,314
Loan ID 1392	12/20/2018		17.65	%		10,798		10,798		10,704
Loan ID 1393	12/20/2016		9.90	%		10,879		10,879		10,764
Loan ID 1394	12/20/2018		19.70	%		13,901		13,901		13,780
Loan ID 1395	12/20/2016		18.75	%		11,996		11,996		11,705
Loan ID 1396	12/20/2018		15.00	%		22,331		22,331		22,258
Loan ID 1397	12/20/2016		14.65	%		5,368		5,368		5,278

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1398	12/20/2018		13.14	%		18,275		18,275		18,216
Loan ID 1399	12/20/2016		18.40	%		3,195		3,195		3,118
Loan ID 1400	12/20/2018		17.65	%		15,703		15,703		15,567
Loan ID 1401	12/20/2016		15.35	%		3,180		3,180		3,127
Loan ID 1402	12/20/2018		18.40	%		13,525		13,525		13,408
Loan ID 1403	12/20/2018		19.40	%		22,602		22,602		22,406
Loan ID 1404	12/20/2016		14.00	%		7,877		7,877		7,745
Loan ID 1405	12/20/2016		15.85	%		3,962		3,962		3,866
Loan ID 1406	12/23/2016		16.55	%		11,913		11,913		11,625
Loan ID 1407	12/23/2018		14.35	%		13,373		13,373		13,330
Loan ID 1408	12/23/2018		14.35	%		13,373		13,373		13,330
Loan ID 1409	12/23/2016		16.85	%		7,950		7,950		7,757
Loan ID 1410	12/23/2018		15.85	%		8,058		8,058		7,988
Loan ID 1412	12/23/2018		15.35	%		13,412		13,412		13,368
Loan ID 1413	12/23/2018		18.40	%		14,197		14,197		14,074
Loan ID 1414	12/23/2016		28.50	%		3,292		3,292		3,183
Loan ID 1415	12/23/2016		28.50	%		3,292		3,292		3,183
Loan ID 1416	12/23/2018		19.70	%		9,048		9,048		8,969
Loan ID 1417	12/23/2018		16.55	%		13,457		13,457		13,340
Loan ID 1418	12/23/2016		12.39	%		3,918		3,918		3,876
Loan ID 1419	12/23/2018		15.85	%		8,954		8,954		8,876
Loan ID 1420	12/23/2016		6.29	%		7,674		7,674		7,674
Loan ID 1421	12/23/2016		10.39	%		19,458		19,458		19,253
Loan ID 1422	12/24/2016		15.35	%		946		946		930
Loan ID 1424	12/24/2016		12.74	%		3,138		3,138		3,085
Loan ID 1425	12/24/2016		10.39	%		8,951		8,951		8,856
Loan ID 1426	12/24/2016		10.99	%		14,038		14,038		13,890
Loan ID 1427	12/24/2018		15.85	%		22,385		22,385		22,190
Loan ID 1428	12/24/2018		19.40	%		14,217		14,217		14,094
Loan ID 1429	12/24/2016		9.90	%		11,656		11,656		11,532
Loan ID 1430	12/24/2018		19.70	%		9,048		9,048		8,969
Loan ID 1431	12/24/2016		8.79	%		14,708		14,708		14,552
Loan ID 1432	12/24/2016		9.30	%		23,263		23,263		23,018
Loan ID 1433	12/26/2018		13.14	%		21,708		21,708		21,637
Loan ID 1434	12/26/2018		17.95	%		13,509		13,509		13,391
Loan ID 1435	12/26/2018		14.35	%		8,915		8,915		8,886
Loan ID 1436	12/26/2018		16.20	%		22,407		22,407		22,212
Loan ID 1437	12/26/2018		24.74	%		3,680		3,680		3,647
Loan ID 1438	12/26/2018		19.05	%		13,549		13,549		13,431
Loan ID 1439	12/27/2016		18.40	%		11,983		11,983		11,693
Loan ID 1440	12/27/2016		14.65	%		3,947		3,947		3,881
Loan ID 1441	12/27/2016		23.04	%		3,241		3,241		3,123
Loan ID 1442	12/30/2016		18.40	%		1,528		1,528		1,491
Loan ID 1443	12/30/2016		10.99	%		6,441		6,441		6,373
Loan ID 1444	12/30/2016		11.39	%		4,030		4,030		3,988
Loan ID 1445	12/30/2016		19.70	%		8,252		8,252		8,052
Loan ID 1446	12/30/2016		17.65	%		8,206		8,206		8,008
Loan ID 1447	12/30/2016		25.54	%		3,352		3,352		3,241
Loan ID 1448	12/30/2016		14.65	%		6,917		6,917		6,801
Loan ID 1449	12/30/2018		21.50	%		6,782		6,782		6,703
Loan ID 1450	12/30/2018		16.20	%		13,623		13,623		13,504
Loan ID 1451	12/30/2018		16.55	%		8,961		8,961		8,883
Loan ID 1452	12/30/2016		8.79	%		11,997		11,997		11,870
Loan ID 1453	12/30/2016		18.75	%		12,346		12,346		12,048
Loan ID 1454	12/30/2016		20.80	%		8,277		8,277		7,977
Loan ID 1455	12/30/2016		8.79	%		5,599		5,599		5,540
Loan ID 1456	12/30/2016		19.70	%		1,650		1,650		1,610
Loan ID 1458	12/30/2018		12.74	%		13,503		13,503		13,459
Loan ID 1459	12/30/2016		27.74	%		8,425		8,425		8,147
Loan ID 1460	12/31/2018		10.99	%		8,959		8,959		8,923

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1461	12/31/2018		20.10	%		9,166		9,166		9,059
Loan ID 1462	12/31/2018		11.89	%		13,201		13,201		13,148
Loan ID 1463	12/31/2016		14.65	%		12,205		12,205		12,001
Loan ID 1464	12/31/2018		17.95	%		18,240		18,240		18,081
Loan ID 1465	12/31/2016		23.04	%		9,185		9,185		8,853
Loan ID 1466	12/31/2016		9.30	%		4,005		4,005		3,963
Loan ID 1467	12/31/2016		30.59	%		3,393		3,393		3,267
Loan ID 1468	12/31/2016		23.94	%		2,503		2,503		2,413
Loan ID 1469	12/31/2018		16.55	%		18,178		18,178		18,020
Loan ID 1470	12/31/2016		9.30	%		5,212		5,212		5,157
Loan ID 1471	12/31/2016		13.14	%		28,356		28,356		27,880
Loan ID 1472	12/31/2018		15.35	%		13,593		13,593		13,549
Loan ID 1473	12/31/2016		11.89	%		12,108		12,108		11,980
Loan ID 1474	12/31/2016		12.39	%		10,509		10,509		10,398
Loan ID 1475	12/31/2018		13.55	%		9,021		9,021		8,991
Loan ID 1476	12/31/2016		10.99	%		3,220		3,220		3,186
Loan ID 1477	12/31/2016		15.85	%		12,247		12,247		11,950
Loan ID 1478	12/31/2018		14.00	%		20,681		20,681		20,614
Loan ID 1479	12/31/2016		13.55	%		3,244		3,244		3,190
Loan ID 1480	12/31/2016		12.39	%		5,255		5,255		5,199
Loan ID 1481	12/31/2016		11.39	%		4,675		4,675		4,626
Loan ID 1482	12/31/2016		21.50	%		6,467		6,467		6,233
Loan ID 1483	12/31/2016		8.79	%		9,997		9,997		9,892
Loan ID 1484	12/31/2016		14.00	%		12,183		12,183		11,978
Loan ID 1485	12/31/2016		10.99	%		22,140		22,140		21,906
Loan ID 1487	12/31/2016		17.65	%		8,206		8,206		8,007
Loan ID 1489	12/31/2016		15.85	%		12,247		12,247		11,950
Loan ID 1490	12/31/2016		12.74	%		2,832		2,832		2,785
Loan ID 1491	12/31/2016		11.89	%		16,144		16,144		15,974
Loan ID 1492	12/31/2016		7.69	%		11,298		11,298		11,298
Loan ID 1493	12/31/2018		15.85	%		9,074		9,074		8,995
Loan ID 1494	12/31/2016		10.39	%		3,215		3,215		3,181
Loan ID 1495	12/31/2016		6.29	%		2,778		2,778		2,778
Loan ID 1496	12/31/2016		26.24	%		5,875		5,875		5,681
Loan ID 1497	12/31/2018		12.39	%		8,986		8,986		8,949
Loan ID 1498	12/31/2018		13.55	%		20,297		20,297		20,230
Loan ID 1499	12/31/2018		20.80	%		6,426		6,426		6,351
Loan ID 1500	12/31/2016		15.85	%		7,756		7,756		7,569
Loan ID 1501	1/2/2017		15.85	%		12,247		12,247		11,950
Loan ID 1502	1/2/2017		12.74	%		3,156		3,156		3,103
Loan ID 1503	1/2/2017		26.94	%		3,363		3,363		3,252
Loan ID 1504	1/2/2019		12.39	%		10,594		10,594		10,551
Loan ID 1505	1/2/2019		17.95	%		20,976		20,976		20,793
Loan ID 1506	1/2/2019		14.00	%		18,062		18,062		18,004
Loan ID 1507	1/2/2017		19.05	%		4,942		4,942		4,823
Loan ID 1508	1/2/2017		12.39	%		20,210		20,210		19,996
Loan ID 1509	1/2/2017		12.39	%		20,210		20,210		19,996
Loan ID 1510	1/2/2017		26.24	%		8,411		8,411		8,134
Loan ID 1511	1/2/2019		12.39	%		8,993		8,993		8,957
Loan ID 1512	1/2/2019		19.70	%		9,157		9,157		9,078
Loan ID 1513	1/2/2017		16.55	%		20,451		20,451		19,957
Loan ID 1514	1/2/2017		19.05	%		20,593		20,593		20,094
Loan ID 1515	1/2/2019		17.95	%		9,120		9,120		9,041
Loan ID 1516	1/2/2019		16.85	%		13,644		13,644		13,525
Loan ID 1518	1/2/2019		24.74	%		8,095		8,095		8,022
Loan ID 1519	1/2/2019		16.55	%		8,180		8,180		8,109
Loan ID 1520	1/2/2017		15.00	%		8,145		8,145		8,008
Loan ID 1521	1/2/2019		12.39	%		26,419		26,419		26,312
Loan ID 1522	1/2/2017		9.90	%		8,025		8,025		7,940
Loan ID 1523	1/2/2017		17.25	%		5,738		5,738		5,599

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1524	1/2/2017		8.79	%		13,996		13,996		13,848
Loan ID 1525	1/2/2019		12.74	%		5,401		5,401		5,383
Loan ID 1526	1/2/2017		9.30	%		12,015		12,015		11,888
Loan ID 1527	1/2/2017		14.65	%		12,205		12,205		12,001
Loan ID 1528	1/2/2019		15.35	%		13,649		13,649		13,604
Loan ID 1529	1/2/2017		19.05	%		6,178		6,178		6,028
Loan ID 1530	1/2/2019		18.75	%		9,137		9,137		9,058
Loan ID 1531	1/2/2017		15.85	%		3,266		3,266		3,187
Loan ID 1532	1/2/2017		28.50	%		8,440		8,440		8,161
Loan ID 1533	1/2/2019		24.74	%		3,703		3,703		3,670
Loan ID 1534	1/2/2019		13.55	%		22,552		22,552		22,478
Loan ID 1535	1/2/2017		11.39	%		2,821		2,821		2,791
Loan ID 1536	1/2/2019		11.89	%		7,582		7,582		7,551
Loan ID 1537	1/2/2017		11.39	%		9,672		9,672		9,570
Loan ID 1538	1/2/2017		14.00	%		12,183		12,183		11,978
Loan ID 1539	1/2/2019		18.75	%		9,137		9,137		9,058
Loan ID 1540	1/2/2019		11.89	%		13,472		13,472		13,418
Loan ID 1541	1/3/2019		18.70	%		13,704		13,704		13,585
Loan ID 1542	1/3/2017		13.55	%		8,111		8,111		7,975
Loan ID 1543	1/3/2017		15.85	%		3,266		3,266		3,187
Loan ID 1544	1/3/2017		10.99	%		10,220		10,220		10,112
Loan ID 1545	1/3/2017		12.39	%		12,126		12,126		11,998
Loan ID 1546	1/3/2019		18.75	%		22,843		22,843		22,644
Loan ID 1547	1/3/2017		12.74	%		12,138		12,138		11,935
Loan ID 1548	1/3/2019		15.00	%		3,290		3,290		3,279
Loan ID 1549	1/3/2017		14.35	%		1,935		1,935		1,903
Loan ID 1550	1/3/2017		15.85	%		12,247		12,247		11,950
Loan ID 1551	1/3/2017		14.00	%		4,873		4,873		4,791
Loan ID 1552	1/3/2019		20.80	%		13,770		13,770		13,610
Loan ID 1553	1/3/2017		28.50	%		3,376		3,376		3,265
Loan ID 1554	1/3/2019		24.74	%		9,258		9,258		9,175
Loan ID 1555	1/3/2019		19.70	%		13,736		13,736		13,616
Loan ID 1556	1/3/2019		16.20	%		18,163		18,163		18,005
Loan ID 1557	1/3/2017		15.85	%		8,165		8,165		7,967
Loan ID 1558	1/3/2017		26.94	%		3,363		3,363		3,252
Loan ID 1559	1/3/2017		23.94	%		3,338		3,338		3,217
Loan ID 1560	1/6/2017		11.39	%		16,121		16,121		15,950
Loan ID 1561	1/6/2017		12.74	%		8,092		8,092		7,956
Loan ID 1562	1/6/2019		19.40	%		13,726		13,726		13,607
Loan ID 1563	1/6/2017		6.59	%		6,752		6,752		6,752
Loan ID 1564	1/6/2017		12.74	%		16,994		16,994		16,709
Loan ID 1565	1/6/2017		14.00	%		2,843		2,843		2,795
Loan ID 1566	1/6/2019		26.94	%		9,299		9,299		9,216
Loan ID 1567	1/6/2017		15.85	%		6,520		6,520		6,362
Loan ID 1568	1/6/2019		15.35	%		5,437		5,437		5,420
Loan ID 1569	1/6/2017		15.00	%		12,217		12,217		12,012
Loan ID 1570	1/6/2019		17.95	%		9,119		9,119		9,040
Loan ID 1571	1/6/2017		15.85	%		4,082		4,082		3,983
Loan ID 1572	1/6/2017		9.90	%		3,210		3,210		3,176
Loan ID 1573	1/6/2019		12.74	%		22,504		22,504		22,431
Loan ID 1574	1/6/2019		14.65	%		22,616		22,616		22,542
Loan ID 1575	1/6/2017		30.59	%		3,393		3,393		3,267
Loan ID 1576	1/6/2019		17.65	%		22,783		22,783		22,585
Loan ID 1577	1/6/2017		23.94	%		10,013		10,013		9,650
Loan ID 1578	1/6/2017		17.25	%		20,491		20,491		19,995
Loan ID 1579	1/6/2017		10.39	%		8,036		8,036		7,951
Loan ID 1580	1/7/2017		16.20	%		5,312		5,312		5,184
Loan ID 1581	1/7/2019		18.40	%		18,259		18,259		18,100
Loan ID 1582	1/7/2017		12.39	%		6,467		6,467		6,399
Loan ID 1583	1/7/2017		15.85	%		8,165		8,165		7,967

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1584	1/7/2017		15.85	%		3,266		3,266		3,187
Loan ID 1585	1/7/2019		26.94	%		9,299		9,299		9,216
Loan ID 1586	1/7/2017		14.00	%		2,437		2,437		2,396
Loan ID 1587	1/7/2019		12.74	%		11,702		11,702		11,664
Loan ID 1588	1/7/2017		27.74	%		8,424		8,424		8,146
Loan ID 1589	1/7/2019		23.94	%		13,864		13,864		13,703
Loan ID 1590	1/7/2017		10.99	%		12,076		12,076		11,949
Loan ID 1591	1/7/2019		19.40	%		6,406		6,406		6,350
Loan ID 1592	1/7/2017		16.85	%		8,187		8,187		7,989
Loan ID 1593	1/7/2017		9.30	%		8,010		8,010		7,926
Loan ID 1594	1/7/2017		9.30	%		4,005		4,005		3,963
Loan ID 1595	1/7/2017		12.39	%		11,912		11,912		11,786
Loan ID 1596	1/7/2017		22.35	%		12,465		12,465		12,013
Loan ID 1597	1/7/2017		19.70	%		12,377		12,377		12,078
Loan ID 1598	1/7/2019		18.40	%		18,259		18,259		18,100
Loan ID 1599	1/7/2017		17.95	%		8,212		8,212		8,014
Loan ID 1600	1/7/2017		16.20	%		12,259		12,259		11,962
Loan ID 1601	1/7/2019		23.04	%		14,575		14,575		14,405
Loan ID 1602	1/8/2019		16.55	%		6,817		6,817		6,758
Loan ID 1604	1/8/2017		22.35	%		12,465		12,465		12,013
Loan ID 1605	1/8/2017		17.95	%		3,285		3,285		3,205
Loan ID 1606	1/8/2017		28.50	%		3,376		3,376		3,265
Loan ID 1607	1/8/2019		15.85	%		7,712		7,712		7,645
Loan ID 1608	1/9/2019		18.40	%		13,694		13,694		13,575
Loan ID 1609	1/9/2019		16.85	%		9,096		9,096		9,017
Loan ID 1610	1/9/2017		23.94	%		8,344		8,344		8,042
Loan ID 1611	1/10/2019		15.35	%		6,344		6,344		6,323
Loan ID 1612	1/13/2019		13.55	%		13,531		13,531		13,487
Loan ID 1613	1/13/2017		15.00	%		20,362		20,362		20,021
Loan ID 1614	1/13/2017		9.90	%		7,222		7,222		7,146
Loan ID 1615	1/13/2019		15.85	%		3,545		3,545		3,514
Loan ID 1616	1/14/2017		11.89	%		20,180		20,180		19,967
Loan ID 1617	1/14/2017		20.10	%		3,304		3,304		3,184
Loan ID 1619	1/14/2019		15.35	%		7,250		7,250		7,226
Loan ID 1620	1/14/2017		9.90	%		18,795		18,795		18,597
Loan ID 1621	1/14/2017		15.85	%		2,041		2,041		1,992
Loan ID 1622	1/14/2017		19.70	%		8,251		8,251		8,052
Loan ID 1623	1/14/2019		20.80	%		6,426		6,426		6,351
Loan ID 1624	1/14/2017		10.39	%		12,055		12,055		11,927
Loan ID 1625	1/14/2019		16.20	%		22,703		22,703		22,506
Loan ID 1626	1/14/2019		14.00	%		3,161		3,161		3,151
Loan ID 1627	1/14/2019		18.75	%		13,706		13,706		13,586
Loan ID 1628	1/14/2017		16.85	%		4,912		4,912		4,794
Loan ID 1629	1/14/2019		11.39	%		11,660		11,660		11,613
Loan ID 1630	1/14/2017		28.50	%		8,440		8,440		8,161
Loan ID 1631	1/14/2019		22.35	%		9,212		9,212		9,105
Loan ID 1632	1/14/2017		15.85	%		8,165		8,165		7,967
Loan ID 1633	1/15/2017		10.39	%		2,411		2,411		2,385
Loan ID 1634	1/15/2019		27.74	%		9,313		9,313		9,230
Loan ID 1636	1/15/2019		14.00	%		9,031		9,031		9,002
Loan ID 1637	1/15/2017		22.35	%		7,918		7,918		7,632
Loan ID 1638	1/15/2019		17.65	%		12,761		12,761		12,650
Loan ID 1639	1/15/2017		12.39	%		3,234		3,234		3,199
Loan ID 1640	1/15/2017		11.39	%		5,239		5,239		5,184
Loan ID 1641	1/15/2017		10.99	%		24,152		24,152		23,897
Loan ID 1642	1/15/2019		19.05	%		13,715		13,715		13,596
Loan ID 1643	1/15/2017		14.00	%		8,155		8,155		8,018
Loan ID 1644	1/15/2019		17.95	%		4,783		4,783		4,741
Loan ID 1645	1/15/2019		13.14	%		10,004		10,004		9,971
Loan ID 1646	1/16/2017		15.85	%		8,165		8,165		7,967

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1647	1/16/2019		16.85	%		4,548		4,548		4,508
Loan ID 1648	1/16/2017		11.39	%		16,121		16,121		15,950
Loan ID 1649	1/16/2017		8.79	%		2,399		2,399		2,374
Loan ID 1650	1/16/2017		13.55	%		12,167		12,167		11,963
Loan ID 1651	1/16/2019		19.40	%		8,925		8,925		8,847
Loan ID 1652	1/16/2017		9.30	%		9,612		9,612		9,511
Loan ID 1653	1/17/2019		17.25	%		13,656		13,656		13,537
Loan ID 1654	1/17/2017		14.65	%		20,342		20,342		20,001
Loan ID 1655	1/17/2017		15.00	%		20,362		20,362		20,021
Loan ID 1656	1/21/2017		18.40	%		9,867		9,867		9,628
Loan ID 1657	1/21/2019		19.70	%		9,157		9,157		9,078
Loan ID 1658	1/21/2017		17.95	%		8,212		8,212		8,014
Loan ID 1659	1/21/2017		16.20	%		8,173		8,173		7,975
Loan ID 1660	1/21/2019		14.35	%		22,598		22,598		22,525
Loan ID 1661	1/22/2017		14.00	%		2,437		2,437		2,396
Loan ID 1662	1/22/2019		16.85	%		3,638		3,638		3,607
Loan ID 1663	1/22/2017		16.85	%		3,050		3,050		2,976
Loan ID 1664	1/22/2017		16.20	%		12,259		12,259		11,962
Loan ID 1665	1/22/2017		8.79	%		7,598		7,598		7,518
Loan ID 1666	1/22/2019		22.35	%		9,212		9,212		9,105
Loan ID 1667	1/22/2017		8.79	%		5,998		5,998		5,935
Loan ID 1668	1/22/2017		14.00	%		12,183		12,183		11,978
Loan ID 1669	1/22/2017		15.85	%		1,443		1,443		1,408
Loan ID 1670	1/22/2017		14.00	%		12,183		12,183		11,978
Loan ID 1671	1/22/2017		11.89	%		12,915		12,915		12,779
Loan ID 1672	1/22/2017		11.39	%		11,633		11,633		11,510
Loan ID 1674	1/22/2017		11.39	%		10,495		10,495		10,385
Loan ID 1676	1/22/2019		18.75	%		9,137		9,137		9,058
Loan ID 1677	1/22/2019		11.89	%		13,472		13,472		13,418
Loan ID 1678	1/22/2017		14.65	%		6,505		6,505		6,396
Loan ID 1679	1/22/2017		18.40	%		11,306		11,306		11,032
Loan ID 1680	1/22/2017		20.80	%		12,414		12,414		11,964
Loan ID 1681	1/22/2017		8.79	%		10,383		10,383		10,273
Loan ID 1682	1/22/2017		8.79	%		3,199		3,199		3,165
Loan ID 1683	1/22/2017		8.79	%		11,997		11,997		11,870
Loan ID 1684	1/22/2017		28.50	%		6,752		6,752		6,529
Loan ID 1685	1/22/2019		23.04	%		2,768		2,768		2,735
Loan ID 1687	1/22/2017		15.35	%		12,230		12,230		12,024
Loan ID 1688	1/23/2019		15.35	%		9,062		9,062		9,033
Loan ID 1689	1/23/2017		18.75	%		12,345		12,345		12,047
Loan ID 1690	1/23/2017		15.35	%		16,306		16,306		16,033
Loan ID 1691	1/23/2017		17.95	%		2,785		2,785		2,718
Loan ID 1692	1/23/2017		10.99	%		12,076		12,076		11,949
Loan ID 1693	1/23/2017		14.35	%		12,195		12,195		11,990
Loan ID 1694	1/23/2017		8.79	%		4,639		4,639		4,590
Loan ID 1695	1/23/2017		16.85	%		8,187		8,187		7,989
Loan ID 1696	1/24/2019		14.35	%		13,559		13,559		13,515
Loan ID 1697	1/24/2017		10.99	%		10,466		10,466		10,355
Loan ID 1698	1/24/2017		10.39	%		4,018		4,018		3,976
Loan ID 1699	1/24/2017		12.39	%		6,467		6,467		6,399
Loan ID 1700	1/24/2017		10.39	%		8,036		8,036		7,951
Loan ID 1701	1/24/2019		9.90	%		13,399		13,399		13,345
Loan ID 1702	1/24/2017		29.24	%		3,382		3,382		3,256
Loan ID 1703	1/24/2017		13.14	%		8,102		8,102		7,966
Loan ID 1704	1/24/2017		11.39	%		28,211		28,211		27,913
Loan ID 1706	1/24/2019		16.55	%		2,727		2,727		2,703
Loan ID 1707	1/27/2017		14.35	%		5,610		5,610		5,516
Loan ID 1708	1/27/2017		26.94	%		3,692		3,692		3,570
Loan ID 1709	1/27/2019		17.25	%		15,933		15,933		15,795
Loan ID 1710	1/27/2019		14.35	%		12,655		12,655		12,614

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1711	1/28/2017		9.30	%		4,806		4,806		4,755
Loan ID 1712	1/28/2017		12.39	%		7,276		7,276		7,199
Loan ID 1713	1/28/2017		15.85	%		3,212		3,212		3,134
Loan ID 1714	1/28/2017		10.99	%		7,056		7,056		6,981
Loan ID 1715	1/28/2017		9.30	%		8,010		8,010		7,926
Loan ID 1716	1/28/2017		18.40	%		6,578		6,578		6,419
Loan ID 1717	1/28/2019		12.74	%		13,502		13,502		13,458
Loan ID 1718	1/28/2017		28.50	%		7,596		7,596		7,345
Loan ID 1720	1/28/2019		17.65	%		13,670		13,670		13,551
Loan ID 1721	1/28/2017		12.74	%		7,283		7,283		7,161
Loan ID 1722	1/28/2017		12.74	%		1,675		1,675		1,647
Loan ID 1723	1/28/2019		20.80	%		7,803		7,803		7,712
Loan ID 1724	1/28/2017		18.75	%		12,221		12,221		11,925
Loan ID 1725	1/28/2017		11.39	%		4,997		4,997		4,945
Loan ID 1726	1/29/2017		9.90	%		15,247		15,247		15,086
Loan ID 1727	1/29/2017		16.55	%		9,816		9,816		9,579
Loan ID 1728	1/29/2017		15.85	%		3,266		3,266		3,187
Loan ID 1729	1/29/2017		20.10	%		8,615		8,615		8,303
Loan ID 1730	1/29/2017		28.50	%		6,329		6,329		6,121
Loan ID 1731	1/29/2019		11.39	%		17,938		17,938		17,866
Loan ID 1732	1/29/2017		10.99	%		5,851		5,851		5,789
Loan ID 1733	1/29/2019		15.00	%		13,581		13,581		13,537
Loan ID 1734	1/29/2017		8.79	%		7,998		7,998		7,913
Loan ID 1735	1/29/2019		18.75	%		4,213		4,213		4,176
Loan ID 1736	1/29/2019		26.94	%		3,719		3,719		3,686
Loan ID 1737	1/30/2017		21.50	%		8,515		8,515		8,206
Loan ID 1738	1/30/2017		23.94	%		1,712		1,712		1,650
Loan ID 1739	1/30/2017		15.85	%		3,361		3,361		3,279
Loan ID 1740	1/31/2019		19.40	%		11,111		11,111		11,014
Loan ID 1741	2/3/2017		17.95	%		12,240		12,240		11,943
Loan ID 1742	2/3/2019		14.35	%		13,743		13,743		13,698
Loan ID 1743	2/3/2017		12.74	%		12,506		12,506		12,296
Loan ID 1744	2/4/2017		20.80	%		8,500		8,500		8,192
Loan ID 1745	2/6/2017		11.39	%		10,006		10,006		9,901
Loan ID 1746	2/7/2017		11.39	%		12,463		12,463		12,331
Loan ID 1747	2/7/2019		19.40	%		13,889		13,889		13,768
Loan ID 1748	2/7/2017		11.39	%		4,154		4,154		4,110
Loan ID 1750	2/7/2019		17.65	%		13,840		13,840		13,719
Loan ID 1751	2/7/2017		11.39	%		1,985		1,985		1,964
Loan ID 1752	2/7/2019		15.00	%		9,175		9,175		9,145
Loan ID 1753	2/7/2017		15.00	%		12,576		12,576		12,365
Loan ID 1754	2/7/2019		16.85	%		18,422		18,422		18,262
Loan ID 1755	2/7/2017		19.05	%		5,757		5,757		5,617
Loan ID 1756	2/10/2019		16.85	%		9,211		9,211		9,131
Loan ID 1757	2/10/2017		9.90	%		7,035		7,035		6,961
Loan ID 1758	2/10/2019		11.89	%		16,083		16,083		16,018
Loan ID 1759	2/10/2019		15.00	%		13,762		13,762		13,717
Loan ID 1760	2/11/2017		12.39	%		2,499		2,499		2,473
Loan ID 1761	2/11/2019		15.85	%		13,787		13,787		13,667
Loan ID 1762	2/11/2019		18.40	%		3,174		3,174		3,146
Loan ID 1763	2/11/2017		19.05	%		1,727		1,727		1,685
Loan ID 1764	2/11/2019		13.55	%		11,980		11,980		11,941
Loan ID 1765	2/11/2019		17.25	%		11,722		11,722		11,620
Loan ID 1766	2/11/2017		13.55	%		10,860		10,860		10,678
Loan ID 1767	2/11/2017		9.90	%		3,311		3,311		3,276
Loan ID 1768	2/11/2019		14.35	%		13,702		13,702		13,657
Loan ID 1769	2/12/2017		11.39	%		10,593		10,593		10,482
Loan ID 1770	2/12/2017		28.50	%		2,343		2,343		2,266
Loan ID 1771	2/12/2017		16.85	%		12,632		12,632		12,326
Loan ID 1772	2/12/2017		18.75	%		12,690		12,690		12,383

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1773	2/12/2017		18.40	%		12,679		12,679		12,373
Loan ID 1774	2/12/2019		14.00	%		10,990		10,990		10,954
Loan ID 1775	2/12/2017		19.40	%		11,438		11,438		11,161
Loan ID 1776	2/12/2019		23.94	%		14,009		14,009		13,846
Loan ID 1777	2/12/2017		15.35	%		2,685		2,685		2,640
Loan ID 1778	2/13/2017		15.35	%		12,587		12,587		12,376
Loan ID 1779	2/13/2017		12.74	%		8,337		8,337		8,197
Loan ID 1781	2/13/2017		15.85	%		6,217		6,217		6,067
Loan ID 1782	2/13/2017		9.30	%		20,660		20,660		20,441
Loan ID 1783	2/13/2019		14.00	%		18,309		18,309		18,249
Loan ID 1784	2/13/2017		13.14	%		7,094		7,094		6,975
Loan ID 1785	2/14/2017		16.55	%		12,624		12,624		12,318
Loan ID 1786	2/14/2017		28.50	%		8,743		8,743		8,454
Loan ID 1787	2/18/2017		12.39	%		20,824		20,824		20,604
Loan ID 1788	2/18/2017		14.65	%		7,539		7,539		7,413
Loan ID 1789	2/18/2017		14.65	%		6,073		6,073		5,971
Loan ID 1790	2/18/2017		11.39	%		8,309		8,309		8,221
Loan ID 1791	2/18/2017		20.10	%		12,730		12,730		12,269
Loan ID 1792	2/18/2019		15.85	%		9,192		9,192		9,112
Loan ID 1793	2/18/2017		13.55	%		5,848		5,848		5,750
Loan ID 1794	2/18/2019		16.55	%		13,808		13,808		13,688
Loan ID 1795	2/18/2017		13.55	%		8,354		8,354		8,214
Loan ID 1797	2/18/2017		12.39	%		24,989		24,989		24,725
Loan ID 1798	2/18/2019		24.74	%		7,295		7,295		7,229
Loan ID 1799	2/18/2017		19.05	%		2,963		2,963		2,891
Loan ID 1800	2/18/2019		16.55	%		6,444		6,444		6,388
Loan ID 1801	2/18/2017		8.79	%		12,379		12,379		12,249
Loan ID 1802	2/18/2017		10.39	%		14,088		14,088		13,940
Loan ID 1804	2/18/2017		16.20	%		2,943		2,943		2,872
Loan ID 1805	2/18/2017		9.90	%		12,334		12,334		12,204
Loan ID 1806	2/19/2017		9.90	%		10,760		10,760		10,646
Loan ID 1807	2/19/2017		11.89	%		12,479		12,479		12,347
Loan ID 1808	2/19/2019		12.74	%		9,129		9,129		9,099
Loan ID 1809	2/19/2017		15.85	%		21,004		21,004		20,495
Loan ID 1810	2/19/2017		8.79	%		8,253		8,253		8,166
Loan ID 1811	2/19/2019		17.95	%		12,002		12,002		11,897
Loan ID 1812	2/19/2019		20.80	%		13,927		13,927		13,765
Loan ID 1813	2/19/2017		10.99	%		20,750		20,750		20,531
Loan ID 1814	2/19/2017		14.00	%		12,545		12,545		12,335
Loan ID 1815	2/19/2019		14.65	%		1,834		1,834		1,828
Loan ID 1816	2/19/2017		23.94	%		3,145		3,145		3,031
Loan ID 1817	2/19/2017		16.55	%		12,624		12,624		12,318
Loan ID 1819	2/19/2019		19.05	%		13,879		13,879		13,758
Loan ID 1820	2/19/2017		17.65	%		12,657		12,657		12,351
Loan ID 1821	2/20/2017		15.85	%		3,361		3,361		3,279
Loan ID 1822	2/20/2017		14.35	%		11,719		11,719		11,522
Loan ID 1823	2/20/2017		14.35	%		12,556		12,556		12,345
Loan ID 1824	2/20/2017		12.39	%		20,824		20,824		20,604
Loan ID 1825	2/20/2019		16.55	%		23,013		23,013		22,813
Loan ID 1826	2/20/2017		13.14	%		3,338		3,338		3,282
Loan ID 1827	2/20/2019		13.55	%		10,517		10,517		10,483
Loan ID 1828	2/20/2017		13.55	%		3,486		3,486		3,427
Loan ID 1829	2/20/2017		13.14	%		12,518		12,518		12,308
Loan ID 1830	2/20/2017		8.79	%		20,632		20,632		20,414
Loan ID 1831	2/21/2017		17.95	%		7,177		7,177		7,004
Loan ID 1832	2/21/2019		23.94	%		8,120		8,120		8,026
Loan ID 1833	2/21/2019		28.50	%		9,412		9,412		9,328
Loan ID 1834	2/21/2019		14.65	%		9,168		9,168		9,138
Loan ID 1835	2/21/2017		19.05	%		3,386		3,386		3,304
Loan ID 1836	2/21/2017		28.50	%		3,458		3,458		3,344

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1837	2/21/2017		8.79	%		12,379		12,379		12,249
Loan ID 1838	2/24/2017		9.30	%		6,199		6,199		6,133
Loan ID 1839	2/24/2019		26.94	%		9,388		9,388		9,304
Loan ID 1840	2/24/2017		10.39	%		12,431		12,431		12,300
Loan ID 1841	2/24/2017		15.85	%		12,602		12,602		12,297
Loan ID 1842	2/24/2019		14.35	%		13,743		13,743		13,698
Loan ID 1843	2/25/2019		20.30	%		3,617		3,617		3,575
Loan ID 1844	2/25/2017		10.89	%		4,979		4,979		4,926
Loan ID 1845	2/25/2017		11.39	%		29,080		29,080		28,773
Loan ID 1846	2/25/2017		20.10	%		1,697		1,697		1,636
Loan ID 1847	2/25/2017		18.55	%		8,456		8,456		8,251
Loan ID 1848	2/25/2017		10.39	%		8,287		8,287		8,200
Loan ID 1849	2/25/2017		12.39	%		12,495		12,495		12,363
Loan ID 1850	2/25/2017		9.90	%		28,969		28,969		28,663
Loan ID 1851	2/25/2017		11.89	%		10,815		10,815		10,701
Loan ID 1852	2/25/2017		16.55	%		12,624		12,624		12,318
Loan ID 1853	2/25/2019		15.85	%		13,787		13,787		13,667
Loan ID 1854	2/25/2019		13.14	%		11,604		11,604		11,566
Loan ID 1855	2/25/2019		16.05	%		6,805		6,805		6,746
Loan ID 1857	2/25/2017		19.70	%		8,479		8,479		8,274
Loan ID 1858	2/25/2019		14.65	%		13,752		13,752		13,707
Loan ID 1859	2/25/2017		29.24	%		3,463		3,463		3,335
Loan ID 1860	2/26/2017		12.64	%		12,503		12,503		12,293
Loan ID 1862	2/26/2019		19.70	%		13,897		13,897		13,776
Loan ID 1863	2/26/2017		19.05	%		3,386		3,386		3,304
Loan ID 1864	2/26/2019		10.89	%		13,634		13,634		13,579
Loan ID 1865	2/26/2019		12.24	%		13,677		13,677		13,633
Loan ID 1866	2/26/2019		14.65	%		16,043		16,043		15,991
Loan ID 1867	2/27/2017		9.30	%		9,503		9,503		9,403
Loan ID 1868	2/27/2017		13.05	%		8,344		8,344		8,204
Loan ID 1869	2/27/2017		10.29	%		25,646		25,646		25,375
Loan ID 1870	2/27/2017		26.24	%		8,604		8,604		8,320
Loan ID 1871	2/27/2017		14.65	%		12,565		12,565		12,354
Loan ID 1872	2/28/2019		10.29	%		11,799		11,799		11,752
Loan ID 1876	2/28/2017		14.15	%		12,550		12,550		12,339
Loan ID 1878	2/28/2019		13.85	%		11,897		11,897		11,858
Loan ID 1879	2/28/2019		19.60	%		9,263		9,263		9,155
Loan ID 1880	2/28/2019		13.85	%		3,844		3,844		3,831
Loan ID 1881	2/28/2017		16.55	%		12,624		12,624		12,318
Loan ID 1882	2/28/2017		11.99	%		16,643		16,643		16,467
Loan ID 1883	2/28/2017		10.29	%		7,954		7,954		7,870
Loan ID 1884	2/28/2019		18.25	%		9,238		9,238		9,157
Loan ID 1885	2/28/2019		16.05	%		13,793		13,793		13,673
Loan ID 1886	2/28/2017		8.74	%		14,234		14,234		14,084
Loan ID 1887	2/28/2017		17.25	%		3,372		3,372		3,290
Loan ID 1888	3/3/2017		14.85	%		12,939		12,939		12,722
Loan ID 1889	3/3/2017		12.24	%		12,872		12,872		12,656
Loan ID 1890	3/3/2017		28.50	%		8,873		8,873		8,580
Loan ID 1891	3/3/2019		13.50	%		13,920		13,920		13,874
Loan ID 1892	3/3/2017		17.15	%		3,470		3,470		3,386
Loan ID 1893	3/3/2017		13.55	%		21,516		21,516		21,155
Loan ID 1894	3/4/2017		23.44	%		8,787		8,787		8,469
Loan ID 1895	3/4/2019		17.15	%		14,018		14,018		13,896
Loan ID 1896	3/4/2017		28.00	%		3,546		3,546		3,429
Loan ID 1897	3/4/2019		16.20	%		16,791		16,791		16,645
Loan ID 1898	3/4/2019		26.44	%		9,493		9,493		9,408
Loan ID 1899	3/5/2017		16.35	%		21,647		21,647		21,124
Loan ID 1900	3/5/2019		15.70	%		13,980		13,980		13,858
Loan ID 1901	3/5/2017		10.29	%		2,563		2,563		2,536
Loan ID 1902	3/5/2017		10.29	%		4,272		4,272		4,226

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1903	3/5/2017		15.35	%		8,640		8,640		8,431
Loan ID 1904	3/5/2019		16.75	%		23,346		23,346		23,143
Loan ID 1906	3/5/2019		13.50	%		18,559		18,559		18,499
Loan ID 1907	3/5/2019		20.30	%		12,218		12,218		12,076
Loan ID 1908	3/5/2017		9.80	%		17,061		17,061		16,881
Loan ID 1909	3/5/2017		13.05	%		12,035		12,035		11,833
Loan ID 1910	3/5/2017		14.00	%		4,738		4,738		4,659
Loan ID 1911	3/5/2017		13.55	%		12,909		12,909		12,693
Loan ID 1912	3/5/2017		11.19	%		12,841		12,841		12,706
Loan ID 1913	3/5/2017		12.64	%		12,883		12,883		12,667
Loan ID 1914	3/5/2019		18.25	%		14,046		14,046		13,924
Loan ID 1915	3/5/2017		9.80	%		12,800		12,800		12,665
Loan ID 1916	3/5/2017		13.50	%		8,605		8,605		8,461
Loan ID 1917	3/5/2019		15.35	%		13,970		13,970		13,849
Loan ID 1918	3/5/2017		12.24	%		3,432		3,432		3,375
Loan ID 1919	3/5/2019		18.90	%		14,063		14,063		13,940
Loan ID 1920	3/6/2019		13.50	%		11,136		11,136		11,099
Loan ID 1921	3/6/2019		24.24	%		5,203		5,203		5,157
Loan ID 1922	3/6/2019		15.35	%		14,145		14,145		14,022
Loan ID 1923	3/6/2019		17.45	%		23,376		23,376		23,173
Loan ID 1924	3/6/2017		28.00	%		8,864		8,864		8,572
Loan ID 1925	3/7/2019		17.45	%		18,701		18,701		18,538
Loan ID 1926	3/7/2017		14.85	%		12,946		12,946		12,729
Loan ID 1927	3/7/2019		17.45	%		23,376		23,376		23,173
Loan ID 1928	3/7/2017		28.00	%		1,773		1,773		1,714
Loan ID 1930	3/7/2017		13.85	%		3,445		3,445		3,387
Loan ID 1931	3/7/2017		13.05	%		7,307		7,307		7,185
Loan ID 1932	3/7/2019		18.90	%		14,063		14,063		13,940
Loan ID 1933	3/10/2017		9.20	%		5,539		5,539		5,481
Loan ID 1934	3/10/2017		11.59	%		8,569		8,569		8,478
Loan ID 1935	3/10/2017		18.55	%		6,090		6,090		5,942
Loan ID 1936	3/10/2017		12.64	%		6,877		6,877		6,761
Loan ID 1937	3/10/2019		13.50	%		32,479		32,479		32,373
Loan ID 1938	3/10/2017		21.00	%		8,744		8,744		8,427
Loan ID 1939	3/10/2019		15.70	%		13,980		13,980		13,858
Loan ID 1940	3/10/2017		20.30	%		3,492		3,492		3,366
Loan ID 1941	3/10/2017		8.74	%		18,728		18,728		18,530
Loan ID 1942	3/10/2019		21.85	%		14,135		14,135		13,971
Loan ID 1943	3/10/2017		13.50	%		3,442		3,442		3,384
Loan ID 1944	3/10/2017		19.60	%		8,719		8,719		8,403
Loan ID 1945	3/10/2017		15.35	%		5,819		5,819		5,678
Loan ID 1946	3/10/2019		12.39	%		3,704		3,704		3,689
Loan ID 1947	3/10/2017		9.80	%		21,334		21,334		21,109
Loan ID 1949	3/11/2017		15.35	%		3,456		3,456		3,372
Loan ID 1950	3/11/2017		25.74	%		8,845		8,845		8,553
Loan ID 1951	3/11/2019		20.30	%		9,398		9,398		9,289
Loan ID 1952	3/11/2017		11.19	%		17,122		17,122		16,941
Loan ID 1953	3/11/2017		20.30	%		7,858		7,858		7,573
Loan ID 1954	3/11/2019		19.20	%		9,380		9,380		9,299
Loan ID 1955	3/11/2019		14.15	%		18,583		18,583		18,523
Loan ID 1956	3/11/2019		17.15	%		14,018		14,018		13,896
Loan ID 1957	3/11/2017		12.24	%		4,588		4,588		4,511
Loan ID 1958	3/11/2017		11.59	%		12,853		12,853		12,717
Loan ID 1959	3/11/2019		17.15	%		11,253		11,253		11,155
Loan ID 1960	3/11/2019		16.05	%		23,224		23,224		23,022
Loan ID 1961	3/11/2019		19.60	%		9,387		9,387		9,278
Loan ID 1962	3/11/2019		16.05	%		13,989		13,989		13,867
Loan ID 1963	3/11/2017		14.50	%		12,968		12,968		12,751
Loan ID 1964	3/11/2017		11.99	%		17,153		17,153		16,971
Loan ID 1965	3/11/2019		12.64	%		13,895		13,895		13,850

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 1966	3/11/2017		10.29	%		12,815		12,815		12,680
Loan ID 1967	3/11/2019		17.90	%		14,037		14,037		13,915
Loan ID 1968	3/11/2017		11.19	%		29,963		29,963		29,646
Loan ID 1969	3/11/2017		9.80	%		7,680		7,680		7,599
Loan ID 1970	3/11/2017		11.19	%		8,561		8,561		8,470
Loan ID 1971	3/12/2017		14.15	%		21,544		21,544		21,183
Loan ID 1973	3/12/2019		17.90	%		17,781		17,781		17,626
Loan ID 1974	3/12/2017		10.29	%		8,543		8,543		8,453
Loan ID 1975	3/12/2017		12.64	%		8,589		8,589		8,445
Loan ID 1976	3/12/2019		13.85	%		32,502		32,502		32,396
Loan ID 1977	3/12/2019		28.00	%		9,515		9,515		9,430
Loan ID 1978	3/12/2017		12.24	%		3,739		3,739		3,676
Loan ID 1979	3/12/2019		22.54	%		14,151		14,151		13,987
Loan ID 1980	3/12/2017		18.55	%		8,699		8,699		8,489
Loan ID 1981	3/12/2019		12.24	%		13,884		13,884		13,839
Loan ID 1982	3/12/2019		13.85	%		12,072		12,072		12,033
Loan ID 1983	3/13/2017		14.50	%		17,249		17,249		16,959
Loan ID 1984	3/13/2017		10.29	%		21,358		21,358		21,132
Loan ID 1985	3/13/2019		19.60	%		3,755		3,755		3,711
Loan ID 1986	3/13/2017		11.99	%		7,719		7,719		7,637
Loan ID 1987	3/13/2017		8.74	%		16,174		16,174		16,003
Loan ID 1988	3/13/2019		13.05	%		13,907		13,907		13,862
Loan ID 1989	3/13/2017		11.99	%		12,864		12,864		12,729
Loan ID 1990	3/13/2019		19.60	%		9,387		9,387		9,278
Loan ID 1991	3/13/2017		12.24	%		12,872		12,872		12,656
Loan ID 1992	3/13/2017		19.60	%		8,719		8,719		8,403
Loan ID 1993	3/13/2019		15.35	%		3,757		3,757		3,724
Loan ID 1994	3/14/2019		17.15	%		9,345		9,345		9,264
Loan ID 1995	3/14/2017		14.15	%		6,463		6,463		6,355
Loan ID 1996	3/14/2017		20.30	%		7,771		7,771		7,489
Loan ID 1997	3/14/2017		10.29	%		4,549		4,549		4,501
Loan ID 1998	3/14/2019		11.59	%		18,487		18,487		18,413
Loan ID 1999	3/14/2019		15.35	%		5,593		5,593		5,544
Loan ID 2000	3/14/2017		11.19	%		12,841		12,841		12,706
Loan ID 2001	3/14/2019		16.75	%		14,007		14,007		13,886
Loan ID 2002	3/14/2017		14.85	%		8,631		8,631		8,486
Loan ID 2003	3/14/2017		26.44	%		3,535		3,535		3,419
Loan ID 2004	3/14/2017		10.89	%		12,832		12,832		12,697
Loan ID 2005	3/14/2017		27.24	%		7,130		7,130		6,895
Loan ID 2006	3/14/2019		14.50	%		4,649		4,649		4,634
Loan ID 2007	3/14/2017		19.20	%		6,962		6,962		6,793
Loan ID 2008	3/14/2017		16.35	%		12,988		12,988		12,674
Loan ID 2009	3/17/2019		14.50	%		32,543		32,543		32,437
Loan ID 2010	3/17/2017		14.85	%		6,665		6,665		6,553
Loan ID 2011	3/17/2017		15.35	%		8,640		8,640		8,431
Loan ID 2012	3/17/2017		10.29	%		10,252		10,252		10,144
Loan ID 2014	3/17/2017		12.24	%		8,581		8,581		8,437
Loan ID 2015	3/17/2017		22.54	%		8,771		8,771		8,453
Loan ID 2016	3/17/2017		28.00	%		3,560		3,560		3,443
Loan ID 2017	3/17/2017		12.24	%		4,291		4,291		4,219
Loan ID 2018	3/17/2019		25.74	%		8,535		8,535		8,458
Loan ID 2019	3/17/2017		28.00	%		5,310		5,310		5,135
Loan ID 2020	3/17/2017		8.74	%		3,405		3,405		3,369
Loan ID 2021	3/17/2019		16.35	%		11,198		11,198		11,100
Loan ID 2022	3/17/2017		16.35	%		10,425		10,425		10,173
Loan ID 2023	3/18/2017		21.85	%		13,138		13,138		12,662
Loan ID 2024	3/18/2019		11.59	%		17,602		17,602		17,531
Loan ID 2025	3/18/2017		12.24	%		21,453		21,453		21,093
Loan ID 2026	3/18/2017		10.29	%		21,358		21,358		21,132
Loan ID 2027	3/18/2017		15.35	%		8,640		8,640		8,431

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2028	3/18/2017		9.80	%		12,800		12,800		12,665
Loan ID 2029	3/18/2019		26.44	%		9,493		9,493		9,408
Loan ID 2030	3/18/2017		12.64	%		3,938		3,938		3,872
Loan ID 2031	3/18/2019		15.70	%		10,718		10,718		10,624
Loan ID 2033	3/19/2019		21.85	%		9,423		9,423		9,314
Loan ID 2034	3/19/2017		12.24	%		5,149		5,149		5,062
Loan ID 2035	3/19/2019		13.85	%		11,143		11,143		11,107
Loan ID 2036	3/19/2019		13.05	%		18,543		18,543		18,482
Loan ID 2037	3/19/2017		16.35	%		8,680		8,680		8,470
Loan ID 2038	3/19/2019		26.44	%		9,491		9,491		9,406
Loan ID 2039	3/19/2017		20.30	%		9,165		9,165		8,833
Loan ID 2040	3/19/2019		16.05	%		13,989		13,989		13,867
Loan ID 2041	3/19/2017		19.20	%		21,778		21,778		21,251
Loan ID 2042	3/19/2017		11.19	%		12,841		12,841		12,706
Loan ID 2043	3/19/2017		9.80	%		12,800		12,800		12,665
Loan ID 2044	3/19/2019		17.90	%		14,037		14,037		13,915
Loan ID 2045	3/19/2019		16.05	%		13,989		13,989		13,867
Loan ID 2046	3/19/2019		23.44	%		14,598		14,598		14,429
Loan ID 2047	3/19/2017		11.99	%		10,627		10,627		10,515
Loan ID 2048	3/19/2019		19.20	%		14,070		14,070		13,948
Loan ID 2049	3/19/2019		11.59	%		13,866		13,866		13,810
Loan ID 2050	3/19/2017		9.20	%		29,826		29,826		29,511
Loan ID 2051	3/19/2019		17.15	%		13,551		13,551		13,433
Loan ID 2052	3/19/2017		28.00	%		2,659		2,659		2,571
Loan ID 2053	3/19/2017		11.99	%		14,580		14,580		14,426
Loan ID 2054	3/19/2019		16.35	%		6,998		6,998		6,938
Loan ID 2055	3/19/2019		11.59	%		7,395		7,395		7,365
Loan ID 2056	3/19/2017		15.35	%		12,960		12,960		12,647
Loan ID 2057	3/19/2017		18.90	%		15,179		15,179		14,811
Loan ID 2058	3/19/2017		13.50	%		8,605		8,605		8,461
Loan ID 2059	3/19/2017		21.00	%		8,961		8,961		8,636
Loan ID 2060	3/19/2019		21.85	%		6,596		6,596		6,520
Loan ID 2061	3/19/2017		8.74	%		12,769		12,769		12,634
Loan ID 2062	3/19/2017		8.74	%		12,769		12,769		12,634
Loan ID 2063	3/19/2017		14.50	%		10,349		10,349		10,176
Loan ID 2064	3/19/2017		18.55	%		5,220		5,220		5,093
Loan ID 2065	3/20/2017		8.74	%		12,769		12,769		12,634
Loan ID 2066	3/20/2017		16.05	%		14,268		14,268		13,923
Loan ID 2067	3/20/2017		14.15	%		12,926		12,926		12,710
Loan ID 2068	3/20/2017		14.15	%		21,544		21,544		21,183
Loan ID 2069	3/20/2017		14.15	%		12,926		12,926		12,710
Loan ID 2070	3/20/2019		20.30	%		9,398		9,398		9,289
Loan ID 2071	3/20/2019		15.35	%		13,970		13,970		13,849
Loan ID 2072	3/20/2017		11.59	%		5,998		5,998		5,935
Loan ID 2073	3/20/2019		12.24	%		9,256		9,256		9,226
Loan ID 2074	3/20/2019		14.50	%		13,947		13,947		13,902
Loan ID 2075	3/20/2019		17.90	%		9,358		9,358		9,277
Loan ID 2076	3/21/2017		11.99	%		4,288		4,288		4,243
Loan ID 2077	3/21/2017		28.00	%		4,379		4,379		4,234
Loan ID 2078	3/21/2017		11.99	%		12,882		12,882		12,746
Loan ID 2079	3/21/2017		17.90	%		21,719		21,719		21,193
Loan ID 2080	3/21/2017		8.74	%		8,499		8,499		8,409
Loan ID 2081	3/21/2019		17.45	%		14,026		14,026		13,904
Loan ID 2082	3/21/2019		21.85	%		9,363		9,363		9,254
Loan ID 2083	3/21/2017		12.24	%		6,007		6,007		5,906
Loan ID 2084	3/21/2017		27.24	%		2,656		2,656		2,568
Loan ID 2085	3/21/2017		9.80	%		20,894		20,894		20,673
Loan ID 2086	3/24/2017		22.54	%		6,140		6,140		5,917
Loan ID 2087	3/24/2017		18.25	%		13,041		13,041		12,725
Loan ID 2088	3/24/2019		13.50	%		13,920		13,920		13,874

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2089	3/24/2019		21.85	%		9,423		9,423		9,314
Loan ID 2090	3/25/2017		11.19	%		4,725		4,725		4,675
Loan ID 2091	3/25/2019		18.90	%		14,063		14,063		13,940
Loan ID 2092	3/25/2017		19.20	%		3,743		3,743		3,653
Loan ID 2093	3/25/2019		21.00	%		4,705		4,705		4,650
Loan ID 2094	3/25/2017		11.99	%		15,437		15,437		15,274
Loan ID 2095	3/25/2019		11.99	%		18,503		18,503		18,428
Loan ID 2096	3/25/2017		13.05	%		12,895		12,895		12,679
Loan ID 2097	3/25/2017		9.20	%		6,391		6,391		6,324
Loan ID 2098	3/25/2017		25.74	%		6,178		6,178		5,975
Loan ID 2099	3/25/2017		8.74	%		4,256		4,256		4,211
Loan ID 2100	3/25/2017		14.85	%		8,631		8,631		8,486
Loan ID 2101	3/25/2017		12.64	%		20,739		20,739		20,392
Loan ID 2102	3/25/2017		22.54	%		3,508		3,508		3,381
Loan ID 2103	3/25/2019		15.70	%		7,138		7,138		7,076
Loan ID 2104	3/25/2017		17.90	%		12,716		12,716		12,408
Loan ID 2105	3/25/2017		15.35	%		6,480		6,480		6,323
Loan ID 2106	3/25/2017		19.20	%		8,711		8,711		8,501
Loan ID 2107	3/25/2017		13.05	%		5,561		5,561		5,468
Loan ID 2108	3/25/2019		13.05	%		4,636		4,636		4,621
Loan ID 2109	3/26/2017		14.15	%		3,447		3,447		3,389
Loan ID 2110	3/26/2019		13.85	%		23,215		23,215		23,140
Loan ID 2111	3/26/2017		9.20	%		21,305		21,305		21,079
Loan ID 2113	3/26/2019		13.85	%		13,929		13,929		13,884
Loan ID 2114	3/26/2019		15.35	%		23,284		23,284		23,081
Loan ID 2115	3/26/2017		12.64	%		12,883		12,883		12,667
Loan ID 2116	3/26/2019		12.24	%		32,396		32,396		32,291
Loan ID 2117	3/26/2017		8.74	%		17,025		17,025		16,846
Loan ID 2118	3/26/2017		14.50	%		12,936		12,936		12,719
Loan ID 2119	3/26/2017		16.35	%		3,896		3,896		3,802
Loan ID 2120	3/26/2017		28.00	%		9,455		9,455		9,143
Loan ID 2121	3/26/2019		23.44	%		9,448		9,448		9,339
Loan ID 2122	3/26/2017		22.54	%		3,508		3,508		3,381
Loan ID 2123	3/26/2017		23.44	%		8,787		8,787		8,469
Loan ID 2124	3/26/2019		23.44	%		14,172		14,172		14,008
Loan ID 2125	3/27/2017		16.75	%		4,140		4,140		4,040
Loan ID 2126	3/27/2017		28.00	%		3,546		3,546		3,429
Loan ID 2127	3/27/2019		13.50	%		18,559		18,559		18,499
Loan ID 2128	3/27/2019		11.99	%		18,503		18,503		18,428
Loan ID 2129	3/27/2019		21.85	%		6,696		6,696		6,618
Loan ID 2130	3/27/2019		21.85	%		9,423		9,423		9,314
Loan ID 2131	3/27/2017		19.20	%		13,067		13,067		12,751
Loan ID 2132	3/27/2017		18.55	%		21,749		21,749		21,222
Loan ID 2133	3/27/2017		14.15	%		5,171		5,171		5,084
Loan ID 2134	3/27/2017		13.50	%		11,187		11,187		10,999
Loan ID 2135	3/27/2019		16.35	%		6,065		6,065		6,013
Loan ID 2136	3/27/2017		13.05	%		3,437		3,437		3,379
Loan ID 2137	3/27/2017		11.19	%		12,841		12,841		12,706
Loan ID 2138	3/27/2017		18.25	%		5,216		5,216		5,090
Loan ID 2139	3/27/2017		23.44	%		8,787		8,787		8,469
Loan ID 2141	3/27/2017		14.15	%		5,601		5,601		5,507
Loan ID 2142	3/27/2017		11.59	%		18,337		18,337		18,143
Loan ID 2143	3/28/2017		14.15	%		11,203		11,203		11,015
Loan ID 2144	3/28/2019		14.50	%		23,245		23,245		23,170
Loan ID 2145	3/28/2019		16.75	%		14,007		14,007		13,886
Loan ID 2147	3/28/2017		15.35	%		7,344		7,344		7,167
Loan ID 2148	3/28/2017		11.99	%		2,573		2,573		2,546
Loan ID 2149	3/28/2019		14.85	%		13,957		13,957		13,911
Loan ID 2150	3/28/2017		13.05	%		21,492		21,492		21,131
Loan ID 2151	3/28/2019		15.35	%		9,313		9,313		9,232

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2152	3/28/2017		17.15	%		21,684		21,684		21,160
Loan ID 2153	3/28/2019		12.64	%		28,717		28,717		28,624
Loan ID 2154	3/28/2019		17.15	%		7,476		7,476		7,411
Loan ID 2155	3/31/2017		19.60	%		12,347		12,347		11,900
Loan ID 2156	3/31/2019		16.05	%		14,161		14,161		14,038
Loan ID 2157	3/31/2017		16.05	%		10,661		10,661		10,403
Loan ID 2158	3/31/2017		18.55	%		22,307		22,307		21,767
Loan ID 2159	3/31/2019		10.89	%		18,721		18,721		18,645
Loan ID 2160	3/31/2017		25.74	%		9,030		9,030		8,732
Loan ID 2161	3/31/2019		17.45	%		9,934		9,934		9,848
Loan ID 2162	3/31/2017		11.19	%		13,208		13,208		13,068
Loan ID 2164	3/31/2019		13.05	%		32,882		32,882		32,775
Loan ID 2165	3/31/2019		14.85	%		14,134		14,134		14,088
Loan ID 2166	3/31/2017		11.19	%		8,805		8,805		8,712
Loan ID 2167	3/31/2017		9.80	%		15,808		15,808		15,641
Loan ID 2169	3/31/2019		25.74	%		9,571		9,571		9,485
Loan ID 2170	4/1/2017		16.35	%		3,555		3,555		3,469
Loan ID 2171	4/1/2019		14.85	%		14,134		14,134		14,088
Loan ID 2172	4/1/2019		18.90	%		12,800		12,800		12,689
Loan ID 2173	4/1/2019		14.50	%		18,834		18,834		18,773
Loan ID 2174	4/1/2017		13.50	%		17,686		17,686		17,389
Loan ID 2175	4/1/2019		14.15	%		18,824		18,824		18,762
Loan ID 2176	4/1/2017		21.85	%		4,935		4,935		4,756
Loan ID 2178	4/1/2017		13.85	%		10,618		10,618		10,440
Loan ID 2179	4/1/2019		14.85	%		9,423		9,423		9,392
Loan ID 2180	4/1/2017		14.15	%		10,624		10,624		10,446
Loan ID 2181	4/1/2019		19.20	%		11,383		11,383		11,284
Loan ID 2183	4/1/2017		17.15	%		13,352		13,352		13,029
Loan ID 2184	4/1/2017		11.19	%		3,082		3,082		3,049
Loan ID 2185	4/1/2019		19.60	%		3,273		3,273		3,235
Loan ID 2186	4/1/2017		25.74	%		5,353		5,353		5,176
Loan ID 2187	4/1/2019		19.20	%		14,229		14,229		14,105
Loan ID 2188	4/1/2017		9.20	%		21,930		21,930		21,698
Loan ID 2189	4/1/2017		18.55	%		723		723		706
Loan ID 2190	4/1/2019		15.35	%		7,534		7,534		7,469
Loan ID 2191	4/1/2017		28.00	%		9,062		9,062		8,763
Loan ID 2192	4/1/2019		14.85	%		14,134		14,134		14,088
Loan ID 2193	4/1/2019		14.15	%		14,118		14,118		14,072
Loan ID 2194	4/1/2017		12.64	%		10,595		10,595		10,417
Loan ID 2195	4/1/2017		16.05	%		12,437		12,437		12,136
Loan ID 2196	4/1/2017		18.55	%		8,923		8,923		8,707
Loan ID 2197	4/1/2019		13.05	%		32,882		32,882		32,775
Loan ID 2198	4/1/2019		18.25	%		9,472		9,472		9,390
Loan ID 2199	4/1/2019		15.70	%		18,871		18,871		18,706
Loan ID 2200	4/1/2019		18.55	%		12,320		12,320		12,212
Loan ID 2201	4/1/2017		16.35	%		10,666		10,666		10,408
Loan ID 2202	4/1/2017		10.29	%		13,185		13,185		13,046
Loan ID 2203	4/1/2019		23.44	%		3,817		3,817		3,773
Loan ID 2204	4/1/2017		17.15	%		8,962		8,962		8,745
Loan ID 2205	4/1/2019		13.05	%		23,487		23,487		23,411
Loan ID 2206	4/1/2017		23.44	%		3,778		3,778		3,642
Loan ID 2207	4/1/2019		19.20	%		23,714		23,714		23,508
Loan ID 2208	4/1/2017		14.15	%		3,099		3,099		3,047
Loan ID 2209	4/1/2019		18.90	%		23,704		23,704		23,498
Loan ID 2210	4/1/2017		15.35	%		5,256		5,256		5,129
Loan ID 2211	4/1/2017		16.35	%		10,666		10,666		10,408
Loan ID 2212	4/1/2019		10.29	%		18,701		18,701		18,626
Loan ID 2213	4/1/2019		23.44	%		9,542		9,542		9,432
Loan ID 2214	4/1/2017		9.80	%		28,103		28,103		27,806
Loan ID 2215	4/1/2019		11.19	%		18,731		18,731		18,655

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2216	4/2/2017		28.00	%		3,963		3,963		3,832
Loan ID 2217	4/2/2017		14.85	%		13,297		13,297		13,074
Loan ID 2218	4/2/2017		22.54	%		3,593		3,593		3,463
Loan ID 2219	4/2/2019		19.60	%		5,695		5,695		5,629
Loan ID 2220	4/2/2019		14.50	%		18,828		18,828		18,767
Loan ID 2221	4/2/2017		17.45	%		22,264		22,264		21,726
Loan ID 2222	4/2/2017		17.15	%		13,370		13,370		13,046
Loan ID 2223	4/2/2017		14.50	%		13,289		13,289		13,066
Loan ID 2224	4/2/2019		12.64	%		2,347		2,347		2,339
Loan ID 2225	4/2/2017		12.24	%		2,647		2,647		2,602
Loan ID 2226	4/2/2017		11.99	%		13,228		13,228		13,088
Loan ID 2227	4/2/2019		13.85	%		14,040		14,040		13,994
Loan ID 2228	4/2/2017		15.70	%		2,663		2,663		2,599
Loan ID 2229	4/2/2019		19.20	%		18,971		18,971		18,806
Loan ID 2230	4/2/2017		8.74	%		8,764		8,764		8,672
Loan ID 2231	4/2/2017		10.89	%		13,200		13,200		13,061
Loan ID 2232	4/2/2019		17.15	%		20,596		20,596		20,417
Loan ID 2233	4/2/2017		11.99	%		8,818		8,818		8,725
Loan ID 2234	4/2/2017		11.59	%		22,030		22,030		21,797
Loan ID 2235	4/2/2017		8.74	%		12,544		12,544		12,412
Loan ID 2236	4/2/2017		10.29	%		3,780		3,780		3,740
Loan ID 2237	4/2/2019		18.90	%		14,222		14,222		14,099
Loan ID 2238	4/2/2017		8.74	%		8,764		8,764		8,672
Loan ID 2239	4/2/2019		18.90	%		23,704		23,704		23,498
Loan ID 2240	4/2/2017		18.55	%		1,747		1,747		1,705
Loan ID 2241	4/2/2019		18.90	%		3,793		3,793		3,760
Loan ID 2242	4/2/2017		19.60	%		13,408		13,408		12,923
Loan ID 2243	4/2/2019		22.54	%		14,274		14,274		14,108
Loan ID 2244	4/2/2017		9.20	%		15,790		15,790		15,623
Loan ID 2245	4/2/2019		15.70	%		23,588		23,588		23,383
Loan ID 2246	4/2/2019		12.24	%		32,837		32,837		32,730
Loan ID 2247	4/2/2017		17.15	%		13,352		13,352		13,029
Loan ID 2248	4/2/2019		10.89	%		18,721		18,721		18,645
Loan ID 2249	4/2/2017		14.15	%		22,134		22,134		21,762
Loan ID 2250	4/2/2017		12.24	%		9,264		9,264		9,108
Loan ID 2251	4/2/2019		11.59	%		8,435		8,435		8,401
Loan ID 2252	4/2/2019		15.70	%		9,435		9,435		9,353
Loan ID 2253	4/2/2019		12.24	%		1,876		1,876		1,870
Loan ID 2254	4/2/2017		16.05	%		8,884		8,884		8,669
Loan ID 2255	4/2/2017		14.50	%		8,859		8,859		8,710
Loan ID 2256	4/2/2019		17.15	%		14,185		14,185		14,062
Loan ID 2257	4/2/2017		21.00	%		6,272		6,272		6,045
Loan ID 2258	4/2/2017		16.35	%		4,444		4,444		4,337
Loan ID 2259	4/2/2019		17.45	%		16,084		16,084		15,944
Loan ID 2260	4/2/2017		8.74	%		4,382		4,382		4,336
Loan ID 2262	4/2/2017		15.70	%		8,850		8,850		8,636
Loan ID 2263	4/2/2019		13.50	%		16,453		16,453		16,400
Loan ID 2264	4/2/2017		16.05	%		13,326		13,326		13,003
Loan ID 2265	4/2/2017		17.90	%		13,369		13,369		13,046
Loan ID 2266	4/2/2017		10.29	%		5,714		5,714		5,653
Loan ID 2267	4/2/2017		22.54	%		8,983		8,983		8,658
Loan ID 2268	4/2/2019		17.15	%		14,185		14,185		14,062
Loan ID 2269	4/2/2019		18.25	%		8,999		8,999		8,920
Loan ID 2270	4/2/2017		19.60	%		13,408		13,408		12,923
Loan ID 2271	4/2/2019		13.50	%		32,883		32,883		32,776
Loan ID 2273	4/2/2019		11.59	%		14,058		14,058		14,001
Loan ID 2274	4/2/2017		10.29	%		21,262		21,262		21,037
Loan ID 2275	4/2/2017		12.24	%		22,056		22,056		21,686
Loan ID 2276	4/2/2017		11.19	%		5,283		5,283		5,227
Loan ID 2277	4/2/2019		24.24	%		9,553		9,553		9,467

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2278	4/2/2017		15.35	%		7,985		7,985		7,792
Loan ID 2279	4/2/2017		17.45	%		5,789		5,789		5,649
Loan ID 2280	4/2/2019		18.25	%		3,789		3,789		3,756
Loan ID 2281	4/2/2019		10.29	%		6,545		6,545		6,519
Loan ID 2282	4/2/2017		10.89	%		6,327		6,327		6,261
Loan ID 2283	4/2/2017		17.15	%		2,759		2,759		2,693
Loan ID 2284	4/2/2017		23.44	%		8,996		8,996		8,671
Loan ID 2285	4/2/2019		16.35	%		14,167		14,167		14,044
Loan ID 2286	4/2/2017		13.85	%		13,624		13,624		13,396
Loan ID 2288	4/2/2017		25.74	%		3,612		3,612		3,493
Loan ID 2289	4/2/2017		16.75	%		17,790		17,790		17,359
Loan ID 2291	4/3/2019		28.00	%		3,839		3,839		3,805
Loan ID 2292	4/3/2019		16.75	%		23,627		23,627		23,421
Loan ID 2293	4/3/2017		12.24	%		8,823		8,823		8,675
Loan ID 2294	4/3/2019		22.54	%		9,531		9,531		9,420
Loan ID 2295	4/3/2019		18.25	%		23,681		23,681		23,475
Loan ID 2296	4/3/2017		16.35	%		8,888		8,888		8,673
Loan ID 2297	4/3/2019		13.05	%		9,395		9,395		9,364
Loan ID 2298	4/3/2017		15.35	%		19,963		19,963		19,480
Loan ID 2299	4/3/2019		11.59	%		7,029		7,029		7,000
Loan ID 2300	4/3/2017		9.80	%		13,173		13,173		13,034
Loan ID 2301	4/3/2017		18.55	%		6,246		6,246		6,095
Loan ID 2302	4/3/2017		15.35	%		3,972		3,972		3,876
Loan ID 2303	4/3/2019		12.64	%		18,777		18,777		18,716
Loan ID 2304	4/3/2017		23.44	%		3,681		3,681		3,548
Loan ID 2305	4/3/2017		8.74	%		3,506		3,506		3,469
Loan ID 2306	4/3/2019		13.05	%		5,344		5,344		5,327
Loan ID 2307	4/3/2019		21.00	%		9,510		9,510		9,400
Loan ID 2308	4/3/2017		8.74	%		17,529		17,529		17,343
Loan ID 2309	4/3/2019		21.85	%		9,522		9,522		9,411
Loan ID 2310	4/3/2017		14.85	%		3,546		3,546		3,486
Loan ID 2312	4/3/2017		23.44	%		3,149		3,149		3,035
Loan ID 2313	4/3/2017		11.19	%		8,805		8,805		8,712
Loan ID 2314	4/3/2019		19.20	%		6,640		6,640		6,582
Loan ID 2315	4/3/2017		8.74	%		13,146		13,146		13,008
Loan ID 2316	4/3/2017		11.99	%		5,172		5,172		5,118
Loan ID 2317	4/3/2017		28.00	%		3,625		3,625		3,505
Loan ID 2318	4/3/2019		26.44	%		9,580		9,580		9,494
Loan ID 2319	4/3/2019		12.24	%		28,146		28,146		28,055
Loan ID 2320	4/3/2019		11.19	%		18,731		18,731		18,655
Loan ID 2321	4/3/2017		10.89	%		6,600		6,600		6,530
Loan ID 2322	4/3/2017		19.20	%		8,933		8,933		8,717
Loan ID 2323	4/3/2017		13.85	%		13,273		13,273		13,050
Loan ID 2324	4/3/2019		16.05	%		14,161		14,161		14,038
Loan ID 2325	4/3/2019		24.24	%		9,553		9,553		9,467
Loan ID 2326	4/3/2017		13.85	%		22,122		22,122		21,751
Loan ID 2327	4/3/2019		21.85	%		9,522		9,522		9,412
Loan ID 2328	4/3/2019		24.24	%		9,553		9,553		9,467
Loan ID 2329	4/3/2017		15.35	%		3,993		3,993		3,896
Loan ID 2330	4/3/2017		13.50	%		8,843		8,843		8,695
Loan ID 2331	4/3/2017		28.00	%		1,812		1,812		1,753
Loan ID 2333	4/3/2017		8.74	%		8,764		8,764		8,672
Loan ID 2334	4/3/2017		16.35	%		13,333		13,333		13,010
Loan ID 2335	4/3/2017		13.05	%		13,254		13,254		13,031
Loan ID 2336	4/3/2019		17.90	%		14,201		14,201		14,078
Loan ID 2337	4/3/2019		21.00	%		9,510		9,510		9,400
Loan ID 2338	4/3/2017		11.59	%		22,030		22,030		21,797
Loan ID 2339	4/3/2019		12.24	%		15,950		15,950		15,898
Loan ID 2340	4/3/2017		16.35	%		7,812		7,812		7,623
Loan ID 2341	4/3/2017		15.35	%		3,549		3,549		3,463

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2342	4/3/2017		11.99	%		12,346		12,346		12,215
Loan ID 2343	4/3/2017		12.64	%		13,244		13,244		13,021
Loan ID 2344	4/3/2017		26.44	%		3,616		3,616		3,497
Loan ID 2345	4/3/2019		27.24	%		9,589		9,589		9,503
Loan ID 2346	4/3/2017		16.05	%		22,209		22,209		21,672
Loan ID 2347	4/3/2017		24.24	%		6,306		6,306		6,098
Loan ID 2348	4/3/2019		26.44	%		8,514		8,514		8,437
Loan ID 2349	4/3/2019		12.24	%		32,837		32,837		32,730
Loan ID 2350	4/3/2019		13.50	%		14,136		14,136		14,090
Loan ID 2351	4/3/2019		14.15	%		9,412		9,412		9,381
Loan ID 2352	4/3/2017		9.20	%		17,544		17,544		17,359
Loan ID 2354	4/3/2019		18.90	%		14,222		14,222		14,099
Loan ID 2355	4/3/2019		18.90	%		14,222		14,222		14,099
Loan ID 2356	4/3/2017		17.15	%		13,352		13,352		13,029
Loan ID 2357	4/3/2019		21.85	%		5,713		5,713		5,647
Loan ID 2358	4/3/2017		8.74	%		30,675		30,675		30,351
Loan ID 2359	4/3/2019		18.25	%		9,472		9,472		9,390
Loan ID 2360	4/3/2017		9.20	%		3,509		3,509		3,472
Loan ID 2361	4/3/2017		18.55	%		5,354		5,354		5,224
Loan ID 2362	4/3/2017		23.44	%		3,149		3,149		3,035
Loan ID 2363	4/3/2019		11.19	%		18,747		18,747		18,672
Loan ID 2364	4/3/2017		8.74	%		7,888		7,888		7,805
Loan ID 2365	4/3/2019		11.99	%		23,445		23,445		23,351
Loan ID 2366	4/3/2017		26.44	%		848		848		820
Loan ID 2367	4/3/2017		21.00	%		3,584		3,584		3,454
Loan ID 2368	4/3/2017		11.59	%		7,490		7,490		7,411
Loan ID 2370	4/3/2017		17.90	%		5,348		5,348		5,218
Loan ID 2371	4/3/2019		18.25	%		8,238		8,238		8,166
Loan ID 2372	4/3/2019		17.15	%		3,783		3,783		3,750
Loan ID 2374	4/4/2017		15.35	%		8,873		8,873		8,658
Loan ID 2376	4/4/2017		11.99	%		8,818		8,818		8,725
Loan ID 2378	4/4/2019		17.45	%		23,652		23,652		23,447
Loan ID 2379	4/4/2017		18.55	%		5,741		5,741		5,602
Loan ID 2380	4/4/2017		15.35	%		8,873		8,873		8,658
Loan ID 2381	4/4/2019		17.15	%		14,185		14,185		14,062
Loan ID 2382	4/4/2019		18.25	%		14,209		14,209		14,085
Loan ID 2383	4/4/2017		19.60	%		6,704		6,704		6,461
Loan ID 2384	4/4/2017		11.59	%		6,168		6,168		6,103
Loan ID 2385	4/4/2017		11.99	%		13,228		13,228		13,088
Loan ID 2386	4/4/2017		16.75	%		15,121		15,121		14,755
Loan ID 2387	4/4/2019		16.75	%		14,176		14,176		14,053
Loan ID 2388	4/4/2019		18.25	%		7,104		7,104		7,042
Loan ID 2389	4/4/2019		18.25	%		6,157		6,157		6,103
Loan ID 2390	4/4/2017		13.85	%		6,648		6,648		6,536
Loan ID 2391	4/4/2017		16.35	%		3,359		3,359		3,278
Loan ID 2392	4/4/2017		11.99	%		10,582		10,582		10,470
Loan ID 2393	4/4/2017		8.74	%		14,023		14,023		13,875
Loan ID 2394	4/4/2017		15.35	%		7,985		7,985		7,792
Loan ID 2395	4/4/2019		14.85	%		28,964		28,964		28,870
Loan ID 2396	4/4/2019		15.35	%		23,575		23,575		23,370
Loan ID 2397	4/4/2017		26.44	%		3,616		3,616		3,497
Loan ID 2398	4/4/2019		22.54	%		14,296		14,296		14,130
Loan ID 2399	4/4/2019		17.45	%		9,461		9,461		9,379
Loan ID 2400	4/4/2017		28.74	%		3,629		3,629		3,494
Loan ID 2401	4/4/2019		15.70	%		23,588		23,588		23,383
Loan ID 2402	4/4/2017		9.20	%		8,772		8,772		8,679
Loan ID 2403	4/4/2017		15.35	%		3,549		3,549		3,463
Loan ID 2404	4/4/2019		14.85	%		23,556		23,556		23,480
Loan ID 2405	4/4/2017		11.59	%		7,049		7,049		6,975
Loan ID 2406	4/4/2017		17.90	%		15,152		15,152		14,785

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2407	4/4/2019		19.60	%		14,237		14,237		14,072
Loan ID 2408	4/4/2017		12.24	%		9,546		9,546		9,386
Loan ID 2409	4/4/2019		16.05	%		14,161		14,161		14,038
Loan ID 2410	4/4/2019		19.20	%		9,486		9,486		9,403
Loan ID 2411	4/4/2017		14.50	%		13,289		13,289		13,066
Loan ID 2412	4/4/2019		15.70	%		12,266		12,266		12,159
Loan ID 2413	4/4/2019		18.55	%		9,003		9,003		8,924
Loan ID 2414	4/4/2017		12.64	%		5,297		5,297		5,209
Loan ID 2415	4/4/2019		11.99	%		10,785		10,785		10,741
Loan ID 2416	4/4/2017		20.30	%		6,533		6,533		6,297
Loan ID 2417	4/4/2019		17.15	%		4,965		4,965		4,922
Loan ID 2418	4/4/2017		14.15	%		13,280		13,280		13,057
Loan ID 2419	4/4/2019		18.25	%		14,209		14,209		14,085
Loan ID 2420	4/4/2017		9.20	%		6,724		6,724		6,653
Loan ID 2421	4/4/2019		14.15	%		11,294		11,294		11,257
Loan ID 2422	4/4/2017		21.00	%		8,960		8,960		8,636
Loan ID 2423	4/4/2017		13.05	%		17,662		17,662		17,366
Loan ID 2424	4/4/2017		15.35	%		6,211		6,211		6,061
Loan ID 2425	4/4/2017		12.24	%		5,294		5,294		5,205
Loan ID 2426	4/4/2017		11.99	%		13,228		13,228		13,088
Loan ID 2427	4/4/2017		16.05	%		13,326		13,326		13,003
Loan ID 2428	4/4/2017		19.20	%		3,573		3,573		3,487
Loan ID 2429	4/4/2019		17.90	%		14,158		14,158		14,035
Loan ID 2430	4/4/2017		14.50	%		6,201		6,201		6,097
Loan ID 2431	4/4/2017		9.80	%		8,782		8,782		8,689
Loan ID 2432	4/4/2019		15.35	%		9,430		9,430		9,348
Loan ID 2434	4/4/2017		8.74	%		17,266		17,266		17,083
Loan ID 2435	4/4/2017		11.99	%		11,464		11,464		11,343
Loan ID 2436	4/4/2017		13.85	%		13,273		13,273		13,050
Loan ID 2438	4/4/2017		14.85	%		8,865		8,865		8,716
Loan ID 2439	4/4/2019		24.24	%		9,553		9,553		9,467
Loan ID 2440	4/4/2019		13.85	%		8,783		8,783		8,754
Loan ID 2441	4/4/2019		18.25	%		23,681		23,681		23,475
Loan ID 2442	4/4/2017		13.50	%		2,653		2,653		2,608
Loan ID 2443	4/4/2019		14.85	%		14,134		14,134		14,088
Loan ID 2444	4/4/2019		13.05	%		10,804		10,804		10,769
Loan ID 2445	4/4/2017		11.99	%		2,205		2,205		2,181
Loan ID 2446	4/4/2017		13.50	%		10,169		10,169		9,999
Loan ID 2447	4/4/2017		11.59	%		13,218		13,218		13,078
Loan ID 2448	4/4/2019		11.19	%		14,048		14,048		13,991
Loan ID 2449	4/7/2017		10.89	%		13,200		13,200		13,061
Loan ID 2450	4/7/2019		26.44	%		9,580		9,580		9,494
Loan ID 2451	4/7/2019		23.44	%		9,542		9,542		9,432
Loan ID 2452	4/7/2019		11.59	%		1,874		1,874		1,867
Loan ID 2453	4/7/2017		21.00	%		8,960		8,960		8,636
Loan ID 2454	4/7/2017		21.00	%		8,960		8,960		8,636
Loan ID 2455	4/7/2017		10.29	%		4,395		4,395		4,349
Loan ID 2456	4/7/2017		13.85	%		13,273		13,273		13,050
Loan ID 2457	4/7/2019		19.20	%		6,166		6,166		6,112
Loan ID 2458	4/7/2019		11.59	%		14,995		14,995		14,934
Loan ID 2459	4/7/2017		12.24	%		7,968		7,968		7,834
Loan ID 2460	4/7/2017		18.25	%		7,135		7,135		6,962
Loan ID 2461	4/7/2017		18.55	%		8,920		8,920		8,704
Loan ID 2462	4/7/2019		24.24	%		5,307		5,307		5,259
Loan ID 2463	4/7/2019		11.99	%		23,445		23,445		23,351
Loan ID 2464	4/7/2019		22.54	%		14,296		14,296		14,130
Loan ID 2465	4/7/2017		9.80	%		5,884		5,884		5,822
Loan ID 2466	4/7/2019		12.64	%		7,041		7,041		7,018
Loan ID 2467	4/7/2019		26.44	%		9,580		9,580		9,494
Loan ID 2468	4/7/2017		19.20	%		8,932		8,932		8,716

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2469	4/7/2017		15.70	%		2,841		2,841		2,772
Loan ID 2470	4/7/2017		10.29	%		5,714		5,714		5,653
Loan ID 2471	4/7/2019		10.29	%		14,222		14,222		14,165
Loan ID 2472	4/7/2017		16.75	%		7,116		7,116		6,944
Loan ID 2473	4/7/2019		14.85	%		2,191		2,191		2,184
Loan ID 2474	4/7/2017		18.55	%		22,307		22,307		21,767
Loan ID 2475	4/7/2019		18.25	%		23,681		23,681		23,475
Loan ID 2476	4/7/2019		19.20	%		5,691		5,691		5,642
Loan ID 2477	4/7/2017		11.59	%		6,363		6,363		6,296
Loan ID 2478	4/7/2019		18.90	%		12,326		12,326		12,219
Loan ID 2479	4/7/2017		9.80	%		21,077		21,077		20,854
Loan ID 2480	4/7/2019		13.50	%		11,669		11,669		11,631
Loan ID 2481	4/7/2017		9.80	%		13,173		13,173		13,034
Loan ID 2482	4/7/2017		11.19	%		13,208		13,208		13,068
Loan ID 2483	4/7/2019		17.15	%		8,984		8,984		8,906
Loan ID 2484	4/7/2017		9.20	%		30,702		30,702		30,378
Loan ID 2485	4/7/2017		11.99	%		12,035		12,035		11,908
Loan ID 2486	4/7/2019		18.90	%		9,482		9,482		9,399
Loan ID 2487	4/7/2019		15.70	%		14,153		14,153		14,030
Loan ID 2488	4/7/2017		8.74	%		13,146		13,146		13,008
Loan ID 2490	4/7/2017		10.29	%		10,548		10,548		10,437
Loan ID 2491	4/7/2019		15.70	%		14,153		14,153		14,030
Loan ID 2492	4/7/2019		13.85	%		13,630		13,630		13,586
Loan ID 2493	4/7/2019		20.30	%		10,451		10,451		10,330
Loan ID 2494	4/7/2017		9.20	%		8,772		8,772		8,679
Loan ID 2495	4/7/2019		20.30	%		9,501		9,501		9,391
Loan ID 2496	4/7/2017		28.00	%		3,625		3,625		3,505
Loan ID 2497	4/7/2019		16.35	%		2,361		2,361		2,341
Loan ID 2498	4/7/2017		28.00	%		6,343		6,343		6,134
Loan ID 2499	4/7/2019		15.35	%		9,430		9,430		9,348
Loan ID 2500	4/7/2019		14.15	%		14,118		14,118		14,072
Loan ID 2501	4/7/2017		20.30	%		11,634		11,634		11,213
Loan ID 2502	4/7/2017		21.85	%		3,589		3,589		3,459
Loan ID 2504	4/7/2017		18.90	%		4,910		4,910		4,792
Loan ID 2505	4/7/2017		16.35	%		13,333		13,333		13,010
Loan ID 2506	4/7/2017		21.85	%		1,795		1,795		1,730
Loan ID 2507	4/7/2019		19.60	%		10,496		10,496		10,374
Loan ID 2508	4/7/2017		16.75	%		22,237		22,237		21,699
Loan ID 2509	4/7/2019		19.20	%		14,229		14,229		14,105
Loan ID 2510	4/7/2017		14.15	%		8,853		8,853		8,705
Loan ID 2511	4/7/2017		17.45	%		13,359		13,359		13,035
Loan ID 2512	4/7/2019		19.60	%		14,237		14,237		14,072
Loan ID 2513	4/7/2017		17.90	%		7,576		7,576		7,393
Loan ID 2514	4/7/2019		12.24	%		32,837		32,837		32,730
Loan ID 2515	4/7/2017		11.99	%		17,637		17,637		17,450
Loan ID 2516	4/7/2017		18.55	%		22,326		22,326		21,786
Loan ID 2517	4/7/2017		30.09	%		3,636		3,636		3,501
Loan ID 2518	4/7/2019		10.89	%		18,393		18,393		18,319
Loan ID 2519	4/7/2019		11.19	%		6,087		6,087		6,063
Loan ID 2520	4/7/2017		8.74	%		3,506		3,506		3,469
Loan ID 2521	4/7/2019		19.60	%		13,050		13,050		12,899
Loan ID 2522	4/7/2019		12.24	%		23,455		23,455		23,379
Loan ID 2523	4/7/2017		10.29	%		17,579		17,579		17,393
Loan ID 2524	4/7/2017		9.80	%		8,782		8,782		8,689
Loan ID 2525	4/7/2017		14.15	%		8,853		8,853		8,705
Loan ID 2526	4/7/2017		30.09	%		3,636		3,636		3,501
Loan ID 2527	4/8/2017		20.30	%		8,950		8,950		8,625
Loan ID 2528	4/8/2017		13.05	%		4,418		4,418		4,344
Loan ID 2529	4/8/2017		19.60	%		13,408		13,408		12,923
Loan ID 2530	4/8/2017		8.74	%		11,394		11,394		11,273

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2531	4/8/2017		15.70	%		1,776		1,776		1,733
Loan ID 2532	4/8/2017		12.64	%		13,244		13,244		13,021
Loan ID 2533	4/8/2017		13.05	%		8,836		8,836		8,687
Loan ID 2535	4/8/2017		13.05	%		8,836		8,836		8,687
Loan ID 2536	4/8/2019		21.00	%		9,510		9,510		9,400
Loan ID 2537	4/8/2017		16.35	%		3,555		3,555		3,469
Loan ID 2538	4/8/2019		17.15	%		11,348		11,348		11,249
Loan ID 2539	4/8/2017		13.85	%		15,479		15,479		15,220
Loan ID 2540	4/8/2017		12.24	%		13,234		13,234		13,012
Loan ID 2541	4/8/2017		9.80	%		11,332		11,332		11,212
Loan ID 2542	4/8/2019		17.15	%		23,641		23,641		23,436
Loan ID 2543	4/8/2019		11.99	%		13,129		13,129		13,076
Loan ID 2544	4/8/2017		18.55	%		4,015		4,015		3,918
Loan ID 2545	4/8/2019		11.99	%		23,445		23,445		23,351
Loan ID 2546	4/8/2019		26.44	%		9,580		9,580		9,494
Loan ID 2547	4/8/2017		17.45	%		3,562		3,562		3,476
Loan ID 2548	4/8/2017		14.15	%		13,280		13,280		13,057
Loan ID 2549	4/8/2017		11.59	%		7,931		7,931		7,847
Loan ID 2550	4/8/2017		12.24	%		5,294		5,294		5,205
Loan ID 2551	4/8/2019		21.00	%		3,804		3,804		3,760
Loan ID 2552	4/8/2019		13.05	%		28,185		28,185		28,093
Loan ID 2553	4/8/2019		14.50	%		14,126		14,126		14,080
Loan ID 2554	4/8/2017		14.15	%		3,541		3,541		3,482
Loan ID 2555	4/8/2017		11.59	%		4,406		4,406		4,359
Loan ID 2556	4/8/2017		22.54	%		3,593		3,593		3,463
Loan ID 2557	4/8/2017		28.00	%		3,625		3,625		3,505
Loan ID 2558	4/8/2019		15.35	%		9,430		9,430		9,348
Loan ID 2559	4/8/2019		18.55	%		23,709		23,709		23,503
Loan ID 2560	4/8/2019		16.05	%		14,161		14,161		14,038
Loan ID 2561	4/8/2017		21.00	%		6,272		6,272		6,045
Loan ID 2562	4/8/2019		24.24	%		9,910		9,910		9,821
Loan ID 2563	4/8/2017		13.85	%		2,212		2,212		2,175
Loan ID 2564	4/8/2017		10.29	%		13,185		13,185		13,046
Loan ID 2565	4/8/2017		13.05	%		2,827		2,827		2,780
Loan ID 2566	4/8/2019		13.85	%		6,585		6,585		6,564
Loan ID 2567	4/8/2017		17.90	%		3,565		3,565		3,479
Loan ID 2568	4/8/2017		12.64	%		13,244		13,244		13,021
Loan ID 2569	4/8/2019		13.85	%		12,229		12,229		12,190
Loan ID 2570	4/8/2017		22.54	%		8,858		8,858		8,537
Loan ID 2571	4/8/2019		12.24	%		32,837		32,837		32,730
Loan ID 2572	4/8/2019		21.00	%		9,510		9,510		9,400
Loan ID 2573	4/8/2017		12.24	%		3,088		3,088		3,036
Loan ID 2574	4/8/2017		16.75	%		3,558		3,558		3,472
Loan ID 2575	4/8/2017		11.59	%		5,287		5,287		5,231
Loan ID 2576	4/8/2019		17.90	%		9,467		9,467		9,385
Loan ID 2577	4/8/2017		9.20	%		8,287		8,287		8,199
Loan ID 2578	4/8/2019		15.35	%		23,575		23,575		23,370
Loan ID 2579	4/8/2017		18.25	%		13,377		13,377		13,054
Loan ID 2580	4/8/2017		16.75	%		15,121		15,121		14,755
Loan ID 2581	4/8/2017		28.74	%		3,629		3,629		3,494
Loan ID 2582	4/8/2017		16.75	%		3,549		3,549		3,463
Loan ID 2583	4/8/2017		23.44	%		3,599		3,599		3,468
Loan ID 2584	4/8/2017		17.90	%		8,913		8,913		8,697
Loan ID 2585	4/8/2019		16.35	%		14,167		14,167		14,044
Loan ID 2586	4/8/2019		17.45	%		9,461		9,461		9,379
Loan ID 2587	4/8/2017		16.05	%		10,661		10,661		10,403
Loan ID 2588	4/8/2017		13.05	%		6,185		6,185		6,081
Loan ID 2589	4/8/2017		9.80	%		9,221		9,221		9,124
Loan ID 2590	4/8/2017		26.44	%		7,223		7,223		6,985
Loan ID 2591	4/8/2019		17.45	%		23,652		23,652		23,447

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2592	4/8/2019		18.90	%		14,222		14,222		14,099
Loan ID 2593	4/8/2019		19.60	%		9,491		9,491		9,381
Loan ID 2594	4/8/2017		11.19	%		17,610		17,610		17,424
Loan ID 2595	4/8/2019		14.50	%		18,834		18,834		18,773
Loan ID 2596	4/8/2019		13.05	%		21,147		21,147		21,078
Loan ID 2597	4/8/2017		22.54	%		8,983		8,983		8,658
Loan ID 2598	4/8/2017		14.85	%		13,297		13,297		13,074
Loan ID 2599	4/8/2017		15.35	%		3,726		3,726		3,636
Loan ID 2600	4/8/2019		21.85	%		8,570		8,570		8,470
Loan ID 2601	4/8/2019		18.55	%		12,320		12,320		12,212
Loan ID 2602	4/8/2017		11.59	%		13,218		13,218		13,078
Loan ID 2603	4/8/2019		10.29	%		16,831		16,831		16,763
Loan ID 2604	4/8/2017		12.64	%		11,919		11,919		11,719
Loan ID 2605	4/8/2017		11.19	%		8,805		8,805		8,712
Loan ID 2606	4/8/2019		18.55	%		18,953		18,953		18,788
Loan ID 2607	4/8/2017		10.29	%		11,427		11,427		11,307
Loan ID 2608	4/8/2017		19.20	%		13,399		13,399		13,075
Loan ID 2609	4/8/2017		16.35	%		8,888		8,888		8,673
Loan ID 2610	4/8/2019		18.55	%		18,953		18,953		18,788
Loan ID 2611	4/8/2017		19.20	%		13,399		13,399		13,075
Loan ID 2612	4/8/2017		16.35	%		8,444		8,444		8,240
Loan ID 2613	4/8/2019		15.70	%		23,588		23,588		23,383
Loan ID 2614	4/8/2017		11.59	%		13,218		13,218		13,078
Loan ID 2615	4/8/2017		9.80	%		4,194		4,194		4,149
Loan ID 2616	4/8/2017		11.19	%		6,604		6,604		6,534
Loan ID 2617	4/8/2017		11.99	%		13,228		13,228		13,088
Loan ID 2618	4/8/2017		12.24	%		2,206		2,206		2,169
Loan ID 2619	4/8/2017		9.20	%		2,281		2,281		2,257
Loan ID 2620	4/8/2017		14.15	%		3,453		3,453		3,395
Loan ID 2621	4/8/2019		13.50	%		12,693		12,693		12,652
Loan ID 2622	4/8/2017		11.99	%		13,228		13,228		13,088
Loan ID 2624	4/8/2017		25.04	%		9,020		9,020		8,722
Loan ID 2625	4/8/2019		16.75	%		14,176		14,176		14,053
Loan ID 2626	4/8/2017		15.70	%		8,406		8,406		8,203
Loan ID 2627	4/8/2019		24.24	%		9,553		9,553		9,467
Loan ID 2628	4/8/2017		13.05	%		8,836		8,836		8,687
Loan ID 2629	4/8/2017		12.24	%		8,822		8,822		8,674
Loan ID 2630	4/9/2017		11.99	%		26,455		26,455		26,176
Loan ID 2631	4/9/2017		9.20	%		2,632		2,632		2,604
Loan ID 2632	4/9/2017		21.00	%		8,960		8,960		8,636
Loan ID 2633	4/9/2019		25.74	%		7,657		7,657		7,588
Loan ID 2634	4/9/2017		8.74	%		13,146		13,146		13,008
Loan ID 2635	4/9/2017		23.44	%		3,149		3,149		3,035
Loan ID 2636	4/9/2019		16.05	%		23,601		23,601		23,396
Loan ID 2637	4/9/2017		15.70	%		1,776		1,776		1,733
Loan ID 2638	4/9/2017		14.15	%		7,083		7,083		6,964
Loan ID 2639	4/9/2017		10.89	%		4,400		4,400		4,354
Loan ID 2642	4/9/2019		21.85	%		2,857		2,857		2,823
Loan ID 2643	4/9/2019		11.59	%		13,707		13,707		13,651
Loan ID 2644	4/9/2017		10.89	%		7,289		7,289		7,212
Loan ID 2645	4/9/2019		18.25	%		4,263		4,263		4,226
Loan ID 2646	4/9/2017		16.75	%		8,895		8,895		8,680
Loan ID 2647	4/9/2017		9.20	%		30,702		30,702		30,378
Loan ID 2648	4/9/2017		13.05	%		22,089		22,089		21,719
Loan ID 2649	4/9/2019		15.70	%		8,960		8,960		8,882
Loan ID 2650	4/9/2017		12.24	%		8,822		8,822		8,674
Loan ID 2651	4/9/2017		12.24	%		7,940		7,940		7,807
Loan ID 2652	4/9/2019		13.85	%		23,518		23,518		23,442
Loan ID 2653	4/9/2017		25.74	%		3,612		3,612		3,493
Loan ID 2654	4/9/2019		17.45	%		21,762		21,762		21,573

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2655	4/9/2017		8.74	%		17,529		17,529		17,343
Loan ID 2656	4/9/2017		15.35	%		3,549		3,549		3,463
Loan ID 2657	4/9/2019		16.05	%		14,161		14,161		14,038
Loan ID 2658	4/9/2017		18.55	%		7,488		7,488		7,307
Loan ID 2659	4/9/2019		20.30	%		9,501		9,501		9,391
Loan ID 2660	4/9/2017		18.55	%		5,069		5,069		4,947
Loan ID 2661	4/9/2019		10.89	%		18,721		18,721		18,645
Loan ID 2662	4/9/2017		15.70	%		4,439		4,439		4,332
Loan ID 2663	4/9/2017		11.59	%		14,980		14,980		14,822
Loan ID 2664	4/9/2019		15.70	%		14,153		14,153		14,030
Loan ID 2665	4/9/2017		28.00	%		8,035		8,035		7,770
Loan ID 2666	4/9/2019		21.00	%		14,260		14,260		14,095
Loan ID 2667	4/9/2019		18.90	%		12,326		12,326		12,219
Loan ID 2668	4/9/2019		20.30	%		11,401		11,401		11,269
Loan ID 2669	4/9/2017		25.74	%		9,030		9,030		8,732
Loan ID 2670	4/9/2017		20.30	%		13,418		13,418		12,932
Loan ID 2671	4/9/2019		16.75	%		14,176		14,176		14,053
Loan ID 2672	4/9/2017		9.80	%		8,782		8,782		8,689
Loan ID 2673	4/9/2017		13.85	%		7,964		7,964		7,830
Loan ID 2674	4/9/2017		11.19	%		13,208		13,208		13,068
Loan ID 2675	4/9/2017		15.35	%		3,549		3,549		3,463
Loan ID 2676	4/9/2017		14.15	%		8,853		8,853		8,705
Loan ID 2677	4/9/2017		11.99	%		8,818		8,818		8,725
Loan ID 2678	4/9/2019		17.15	%		23,641		23,641		23,436
Loan ID 2679	4/9/2019		14.15	%		23,530		23,530		23,453
Loan ID 2680	4/9/2017		14.15	%		9,296		9,296		9,140
Loan ID 2681	4/9/2017		20.30	%		7,607		7,607		7,332
Loan ID 2682	4/9/2017		17.90	%		8,913		8,913		8,697
Loan ID 2683	4/9/2017		11.59	%		17,624		17,624		17,437
Loan ID 2684	4/9/2019		13.50	%		11,282		11,282		11,245
Loan ID 2686	4/9/2017		17.45	%		2,672		2,672		2,607
Loan ID 2687	4/9/2017		11.59	%		2,467		2,467		2,441
Loan ID 2688	4/9/2019		18.25	%		14,209		14,209		14,085
Loan ID 2689	4/9/2017		14.15	%		8,853		8,853		8,705
Loan ID 2690	4/9/2017		11.99	%		8,759		8,759		8,666
Loan ID 2691	4/9/2017		16.75	%		2,668		2,668		2,604
Loan ID 2692	4/9/2017		26.44	%		3,616		3,616		3,497
Loan ID 2693	4/9/2017		10.29	%		13,185		13,185		13,046
Loan ID 2694	4/9/2017		11.59	%		3,981		3,981		3,939
Loan ID 2695	4/9/2017		11.99	%		2,646		2,646		2,618
Loan ID 2696	4/9/2017		8.74	%		17,529		17,529		17,343
Loan ID 2697	4/9/2019		18.25	%		14,209		14,209		14,085
Loan ID 2698	4/9/2019		18.90	%		23,704		23,704		23,498
Loan ID 2699	4/9/2017		11.19	%		17,610		17,610		17,424
Loan ID 2700	4/9/2017		9.20	%		5,625		5,625		5,565
Loan ID 2701	4/9/2017		21.00	%		3,472		3,472		3,346
Loan ID 2702	4/9/2017		12.24	%		6,617		6,617		6,506
Loan ID 2703	4/9/2017		17.15	%		13,352		13,352		13,029
Loan ID 2704	4/9/2019		12.64	%		14,083		14,083		14,037
Loan ID 2705	4/9/2017		28.00	%		3,625		3,625		3,505
Loan ID 2706	4/9/2017		12.24	%		13,234		13,234		13,012
Loan ID 2707	4/9/2019		15.35	%		9,430		9,430		9,348
Loan ID 2708	4/9/2017		10.29	%		8,491		8,491		8,401
Loan ID 2709	4/9/2017		16.05	%		3,553		3,553		3,468
Loan ID 2710	4/9/2017		10.89	%		28,508		28,508		28,207
Loan ID 2711	4/9/2017		12.24	%		8,822		8,822		8,674
Loan ID 2712	4/9/2017		20.30	%		12,155		12,155		11,715
Loan ID 2713	4/9/2019		15.35	%		21,689		21,689		21,500
Loan ID 2714	4/9/2017		12.24	%		8,822		8,822		8,674
Loan ID 2715	4/9/2019		19.60	%		9,491		9,491		9,381

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2716	4/9/2017		9.20	%		7,018		7,018		6,944
Loan ID 2717	4/10/2019		19.20	%		6,640		6,640		6,582
Loan ID 2718	4/10/2017		14.15	%		3,541		3,541		3,482
Loan ID 2719	4/10/2017		9.20	%		6,015		6,015		5,951
Loan ID 2720	4/10/2019		18.25	%		6,624		6,624		6,567
Loan ID 2721	4/10/2017		9.80	%		12,643		12,643		12,509
Loan ID 2722	4/10/2019		13.50	%		32,906		32,906		32,799
Loan ID 2723	4/10/2017		16.35	%		8,888		8,888		8,673
Loan ID 2724	4/10/2017		16.35	%		6,666		6,666		6,505
Loan ID 2725	4/10/2017		10.89	%		12,723		12,723		12,588
Loan ID 2726	4/10/2017		9.20	%		3,509		3,509		3,472
Loan ID 2727	4/10/2017		16.35	%		12,194		12,194		11,899
Loan ID 2729	4/10/2019		12.64	%		23,471		23,471		23,395
Loan ID 2730	4/10/2017		12.64	%		22,073		22,073		21,702
Loan ID 2731	4/10/2017		15.70	%		4,439		4,439		4,332
Loan ID 2732	4/10/2019		13.05	%		14,092		14,092		14,046
Loan ID 2733	4/10/2017		30.09	%		3,636		3,636		3,501
Loan ID 2735	4/10/2019		16.75	%		9,451		9,451		9,369
Loan ID 2736	4/10/2017		10.89	%		2,820		2,820		2,790
Loan ID 2737	4/10/2017		11.19	%		8,493		8,493		8,403
Loan ID 2738	4/10/2017		9.20	%		13,158		13,158		13,019
Loan ID 2739	4/10/2019		12.24	%		8,444		8,444		8,416
Loan ID 2740	4/10/2019		19.20	%		9,486		9,486		9,403
Loan ID 2741	4/10/2017		23.44	%		1,799		1,799		1,734
Loan ID 2742	4/10/2019		16.05	%		9,383		9,383		9,301
Loan ID 2743	4/10/2017		11.19	%		17,610		17,610		17,424
Loan ID 2745	4/10/2019		14.50	%		18,834		18,834		18,773
Loan ID 2746	4/10/2017		25.04	%		2,706		2,706		2,617
Loan ID 2747	4/10/2017		12.24	%		13,234		13,234		13,012
Loan ID 2748	4/10/2019		14.50	%		9,411		9,411		9,380
Loan ID 2749	4/10/2017		10.89	%		17,601		17,601		17,415
Loan ID 2750	4/10/2017		11.59	%		5,728		5,728		5,667
Loan ID 2751	4/10/2017		16.35	%		8,000		8,000		7,806
Loan ID 2752	4/10/2019		15.35	%		14,145		14,145		14,022
Loan ID 2753	4/10/2019		17.15	%		4,728		4,728		4,687
Loan ID 2754	4/10/2017		8.74	%		21,911		21,911		21,679
Loan ID 2755	4/10/2019		16.35	%		8,500		8,500		8,426
Loan ID 2756	4/10/2019		17.90	%		14,201		14,201		14,078
Loan ID 2757	4/10/2019		15.70	%		5,661		5,661		5,612
Loan ID 2759	4/10/2017		18.25	%		3,567		3,567		3,481
Loan ID 2760	4/10/2017		28.00	%		3,625		3,625		3,505
Loan ID 2761	4/10/2017		13.05	%		8,836		8,836		8,687
Loan ID 2762	4/10/2019		24.24	%		9,553		9,553		9,467
Loan ID 2763	4/10/2017		10.89	%		13,200		13,200		13,061
Loan ID 2764	4/10/2019		14.50	%		21,660		21,660		21,589
Loan ID 2765	4/10/2017		19.20	%		3,564		3,564		3,478
Loan ID 2766	4/10/2019		14.15	%		23,530		23,530		23,453
Loan ID 2767	4/10/2019		13.85	%		18,815		18,815		18,753
Loan ID 2768	4/10/2017		13.50	%		3,537		3,537		3,478
Loan ID 2769	4/10/2017		13.85	%		8,849		8,849		8,700
Loan ID 2770	4/10/2019		17.15	%		5,201		5,201		5,156
Loan ID 2771	4/10/2017		9.20	%		13,158		13,158		13,019
Loan ID 2772	4/10/2019		10.89	%		9,360		9,360		9,323
Loan ID 2773	4/10/2017		16.35	%		3,555		3,555		3,469
Loan ID 2774	4/10/2017		12.64	%		30,902		30,902		30,383
Loan ID 2775	4/10/2017		23.44	%		8,996		8,996		8,671
Loan ID 2776	4/10/2019		17.15	%		23,641		23,641		23,436
Loan ID 2777	4/10/2019		16.75	%		14,176		14,176		14,053
Loan ID 2778	4/10/2017		21.00	%		8,391		8,391		8,087
Loan ID 2780	4/10/2019		12.64	%		14,083		14,083		14,037

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2781	4/10/2017		12.24	%		6,617		6,617		6,506
Loan ID 2782	4/10/2017		14.85	%		13,297		13,297		13,074
Loan ID 2783	4/10/2019		26.44	%		7,185		7,185		7,120
Loan ID 2784	4/10/2017		28.00	%		3,625		3,625		3,505
Loan ID 2785	4/10/2019		19.20	%		9,486		9,486		9,403
Loan ID 2786	4/10/2017		15.35	%		13,309		13,309		12,987
Loan ID 2787	4/10/2019		10.89	%		14,041		14,041		13,984
Loan ID 2788	4/10/2017		23.44	%		3,599		3,599		3,468
Loan ID 2789	4/10/2017		16.05	%		22,330		22,330		21,789
Loan ID 2790	4/10/2019		21.85	%		9,522		9,522		9,411
Loan ID 2791	4/10/2017		17.45	%		5,343		5,343		5,214
Loan ID 2792	4/10/2019		16.05	%		6,608		6,608		6,551
Loan ID 2793	4/10/2017		11.99	%		8,495		8,495		8,406
Loan ID 2794	4/10/2017		9.80	%		2,534		2,534		2,507
Loan ID 2795	4/10/2017		15.70	%		8,878		8,878		8,663
Loan ID 2796	4/10/2017		8.74	%		3,067		3,067		3,035
Loan ID 2797	4/10/2017		24.24	%		2,702		2,702		2,613
Loan ID 2798	4/10/2019		21.00	%		3,804		3,804		3,760
Loan ID 2799	4/10/2017		11.59	%		3,965		3,965		3,923
Loan ID 2800	4/10/2019		17.45	%		14,191		14,191		14,068
Loan ID 2801	4/10/2019		14.85	%		23,556		23,556		23,480
Loan ID 2802	4/10/2017		16.75	%		22,237		22,237		21,699
Loan ID 2803	4/10/2017		12.24	%		3,088		3,088		3,036
Loan ID 2804	4/10/2019		14.85	%		23,556		23,556		23,480
Loan ID 2805	4/10/2017		15.70	%		22,338		22,338		21,797
Loan ID 2806	4/10/2019		16.05	%		14,161		14,161		14,038
Loan ID 2807	4/10/2019		11.59	%		16,869		16,869		16,801
Loan ID 2808	4/10/2017		8.74	%		13,146		13,146		13,008
Loan ID 2809	4/10/2017		12.24	%		13,234		13,234		13,012
Loan ID 2810	4/10/2017		14.15	%		6,438		6,438		6,330
Loan ID 2811	4/10/2017		14.85	%		16,843		16,843		16,560
Loan ID 2812	4/10/2019		21.85	%		4,999		4,999		4,941
Loan ID 2813	4/10/2017		19.60	%		2,682		2,682		2,585
Loan ID 2814	4/10/2017		13.05	%		13,254		13,254		13,031
Loan ID 2815	4/10/2017		17.90	%		22,301		22,301		21,761
Loan ID 2816	4/10/2017		17.90	%		6,755		6,755		6,592
Loan ID 2817	4/10/2017		11.99	%		13,228		13,228		13,088
Loan ID 2818	4/10/2017		11.59	%		8,812		8,812		8,719
Loan ID 2819	4/10/2017		25.74	%		8,549		8,549		8,267
Loan ID 2820	4/10/2017		11.19	%		15,908		15,908		15,739
Loan ID 2821	4/11/2019		17.15	%		14,185		14,185		14,062
Loan ID 2822	4/11/2019		16.35	%		9,445		9,445		9,363
Loan ID 2823	4/11/2017		13.05	%		3,534		3,534		3,475
Loan ID 2824	4/11/2017		19.20	%		8,933		8,933		8,717
Loan ID 2825	4/11/2017		17.90	%		8,913		8,913		8,697
Loan ID 2826	4/11/2019		19.20	%		9,486		9,486		9,403
Loan ID 2827	4/11/2017		16.35	%		3,555		3,555		3,469
Loan ID 2828	4/11/2017		21.00	%		4,072		4,072		3,924
Loan ID 2829	4/11/2017		13.05	%		3,976		3,976		3,909
Loan ID 2830	4/11/2017		9.80	%		17,564		17,564		17,379
Loan ID 2831	4/11/2017		11.19	%		4,403		4,403		4,356
Loan ID 2832	4/11/2017		17.90	%		13,369		13,369		13,046
Loan ID 2833	4/11/2019		15.35	%		9,430		9,430		9,348
Loan ID 2834	4/11/2019		17.15	%		3,783		3,783		3,750
Loan ID 2835	4/11/2017		11.59	%		13,218		13,218		13,078
Loan ID 2836	4/11/2017		18.55	%		8,593		8,593		8,385
Loan ID 2837	4/11/2017		9.20	%		17,544		17,544		17,359
Loan ID 2838	4/11/2017		23.44	%		3,617		3,617		3,486
Loan ID 2839	4/11/2017		9.20	%		13,158		13,158		13,019
Loan ID 2840	4/11/2019		18.90	%		14,222		14,222		14,099

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2841	4/11/2017		14.50	%		13,289		13,289		13,066
Loan ID 2842	4/11/2017		11.19	%		7,396		7,396		7,318
Loan ID 2843	4/11/2019		15.35	%		14,145		14,145		14,022
Loan ID 2844	4/11/2017		26.44	%		3,616		3,616		3,497
Loan ID 2845	4/11/2017		25.74	%		3,612		3,612		3,493
Loan ID 2846	4/11/2017		17.90	%		13,369		13,369		13,046
Loan ID 2847	4/11/2017		9.80	%		13,173		13,173		13,034
Loan ID 2848	4/11/2019		12.64	%		23,471		23,471		23,395
Loan ID 2849	4/11/2017		19.20	%		13,399		13,399		13,075
Loan ID 2850	4/11/2019		17.90	%		18,935		18,935		18,770
Loan ID 2852	4/11/2017		17.45	%		13,458		13,458		13,132
Loan ID 2853	4/11/2019		17.45	%		15,137		15,137		15,006
Loan ID 2854	4/11/2019		14.85	%		6,596		6,596		6,574
Loan ID 2855	4/11/2019		13.50	%		18,804		18,804		18,742
Loan ID 2856	4/11/2017		12.24	%		8,690		8,690		8,544
Loan ID 2857	4/11/2019		18.55	%		23,692		23,692		23,485
Loan ID 2858	4/11/2017		18.90	%		8,928		8,928		8,712
Loan ID 2859	4/11/2017		10.29	%		8,309		8,309		8,221
Loan ID 2860	4/11/2017		28.00	%		3,625		3,625		3,505
Loan ID 2861	4/11/2017		21.00	%		3,584		3,584		3,454
Loan ID 2862	4/11/2017		11.59	%		4,406		4,406		4,359
Loan ID 2863	4/11/2017		10.89	%		4,603		4,603		4,555
Loan ID 2864	4/11/2017		30.09	%		1,818		1,818		1,751
Loan ID 2865	4/11/2019		14.15	%		23,530		23,530		23,453
Loan ID 2866	4/11/2019		10.29	%		18,701		18,701		18,626
Loan ID 2867	4/11/2017		9.20	%		7,018		7,018		6,944
Loan ID 2868	4/11/2017		13.85	%		3,628		3,628		3,567
Loan ID 2869	4/11/2019		24.24	%		9,553		9,553		9,467
Loan ID 2870	4/11/2019		17.90	%		18,935		18,935		18,770
Loan ID 2871	4/11/2019		12.64	%		13,144		13,144		13,101
Loan ID 2872	4/11/2017		13.05	%		13,254		13,254		13,031
Loan ID 2873	4/11/2019		19.20	%		8,537		8,537		8,463
Loan ID 2874	4/11/2019		14.85	%		23,556		23,556		23,480
Loan ID 2875	4/11/2019		12.24	%		23,455		23,455		23,379
Loan ID 2876	4/11/2017		12.24	%		5,294		5,294		5,205
Loan ID 2877	4/11/2017		23.44	%		3,239		3,239		3,121
Loan ID 2878	4/11/2019		18.25	%		23,681		23,681		23,475
Loan ID 2879	4/11/2019		14.15	%		14,118		14,118		14,072
Loan ID 2880	4/11/2017		17.45	%		8,460		8,460		8,256
Loan ID 2881	4/11/2017		20.30	%		8,950		8,950		8,625
Loan ID 2882	4/11/2019		14.15	%		18,824		18,824		18,762
Loan ID 2883	4/11/2019		18.55	%		3,791		3,791		3,758
Loan ID 2884	4/11/2017		17.45	%		19,593		19,593		19,119
Loan ID 2885	4/11/2017		11.19	%		22,013		22,013		21,780
Loan ID 2886	4/11/2017		13.85	%		13,273		13,273		13,050
Loan ID 2887	4/11/2017		10.29	%		21,976		21,976		21,744
Loan ID 2888	4/11/2017		18.55	%		3,569		3,569		3,483
Loan ID 2889	4/11/2017		9.80	%		17,564		17,564		17,379
Loan ID 2890	4/11/2019		14.15	%		18,824		18,824		18,762
Loan ID 2891	4/11/2017		18.55	%		7,581		7,581		7,398
Loan ID 2892	4/11/2019		16.75	%		14,176		14,176		14,053
Loan ID 2893	4/11/2017		18.90	%		13,392		13,392		13,068
Loan ID 2894	4/11/2019		18.25	%		14,276		14,276		14,152
Loan ID 2895	4/11/2019		14.50	%		5,650		5,650		5,632
Loan ID 2896	4/11/2017		12.64	%		13,244		13,244		13,021
Loan ID 2897	4/11/2017		16.35	%		13,333		13,333		13,010
Loan ID 2898	4/11/2019		18.25	%		9,472		9,472		9,390
Loan ID 2899	4/11/2017		15.35	%		8,837		8,837		8,623
Loan ID 2900	4/11/2017		16.75	%		7,116		7,116		6,944
Loan ID 2901	4/11/2019		18.55	%		3,791		3,791		3,758

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2902	4/11/2017		10.89	%		7,920		7,920		7,837
Loan ID 2903	4/11/2017		13.50	%		7,074		7,074		6,956
Loan ID 2904	4/11/2019		15.70	%		12,266		12,266		12,159
Loan ID 2905	4/14/2017		17.15	%		10,681		10,681		10,423
Loan ID 2906	4/14/2017		9.80	%		9,273		9,273		9,175
Loan ID 2907	4/14/2017		18.25	%		10,256		10,256		10,008
Loan ID 2908	4/14/2017		15.35	%		13,309		13,309		12,987
Loan ID 2909	4/14/2017		11.19	%		10,734		10,734		10,620
Loan ID 2910	4/14/2019		14.85	%		28,268		28,268		28,175
Loan ID 2911	4/14/2019		14.50	%		14,126		14,126		14,080
Loan ID 2912	4/14/2017		11.99	%		3,527		3,527		3,490
Loan ID 2913	4/14/2017		11.99	%		5,416		5,416		5,359
Loan ID 2914	4/14/2017		17.45	%		22,264		22,264		21,726
Loan ID 2915	4/14/2019		18.90	%		14,222		14,222		14,099
Loan ID 2916	4/14/2019		11.99	%		9,847		9,847		9,807
Loan ID 2917	4/14/2019		18.90	%		13,037		13,037		12,924
Loan ID 2918	4/14/2019		16.05	%		23,601		23,601		23,396
Loan ID 2920	4/14/2019		14.85	%		14,134		14,134		14,088
Loan ID 2921	4/14/2019		15.35	%		14,145		14,145		14,022
Loan ID 2922	4/14/2017		10.89	%		5,281		5,281		5,225
Loan ID 2923	4/14/2019		21.00	%		9,510		9,510		9,400
Loan ID 2924	4/14/2017		23.44	%		3,599		3,599		3,468
Loan ID 2925	4/14/2017		10.89	%		1,690		1,690		1,672
Loan ID 2926	4/14/2017		28.00	%		9,062		9,062		8,763
Loan ID 2927	4/14/2017		16.35	%		3,111		3,111		3,036
Loan ID 2928	4/14/2017		14.50	%		15,274		15,274		15,018
Loan ID 2929	4/14/2017		13.05	%		19,952		19,952		19,617
Loan ID 2930	4/14/2017		16.35	%		8,888		8,888		8,673
Loan ID 2931	4/14/2019		19.20	%		14,229		14,229		14,105
Loan ID 2932	4/14/2017		18.55	%		8,863		8,863		8,648
Loan ID 2933	4/14/2019		16.05	%		14,161		14,161		14,038
Loan ID 2934	4/14/2017		11.99	%		17,727		17,727		17,540
Loan ID 2935	4/14/2017		10.29	%		7,927		7,927		7,844
Loan ID 2936	4/14/2017		9.80	%		13,173		13,173		13,034
Loan ID 2937	4/14/2017		25.04	%		3,608		3,608		3,489
Loan ID 2938	4/14/2017		13.05	%		9,277		9,277		9,122
Loan ID 2939	4/14/2019		20.30	%		14,251		14,251		14,086
Loan ID 2940	4/14/2017		9.80	%		11,417		11,417		11,296
Loan ID 2941	4/14/2017		17.45	%		38		38		37
Loan ID 2942	4/14/2017		11.19	%		30,818		30,818		30,493
Loan ID 2943	4/14/2019		18.90	%		13,274		13,274		13,159
Loan ID 2944	4/14/2017		8.74	%		13,146		13,146		13,008
Loan ID 2945	4/14/2017		14.15	%		13,280		13,280		13,057
Loan ID 2946	4/14/2017		10.29	%		17,581		17,581		17,395
Loan ID 2947	4/14/2017		25.74	%		9,030		9,030		8,732
Loan ID 2948	4/14/2019		12.64	%		14,083		14,083		14,037
Loan ID 2949	4/14/2019		14.15	%		23,530		23,530		23,453
Loan ID 2950	4/14/2017		13.05	%		3,317		3,317		3,261
Loan ID 2951	4/14/2017		21.85	%		10,767		10,767		10,378
Loan ID 2952	4/14/2017		14.50	%		13,289		13,289		13,066
Loan ID 2953	4/14/2019		14.85	%		9,423		9,423		9,392
Loan ID 2954	4/14/2019		13.85	%		18,815		18,815		18,753
Loan ID 2955	4/14/2017		12.24	%		8,822		8,822		8,674
Loan ID 2956	4/14/2017		21.00	%		3,584		3,584		3,454
Loan ID 2957	4/14/2017		15.35	%		4,428		4,428		4,321
Loan ID 2958	4/14/2019		20.30	%		14,194		14,194		14,029
Loan ID 2959	4/14/2017		16.35	%		8,888		8,888		8,673
Loan ID 2960	4/14/2019		18.90	%		14,222		14,222		14,099
Loan ID 2961	4/14/2017		12.24	%		13,234		13,234		13,012
Loan ID 2962	4/14/2019		12.24	%		14,073		14,073		14,027

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 2963	4/14/2017		15.35	%		8,014		8,014		7,820
Loan ID 2964	4/14/2017		22.54	%		3,144		3,144		3,030
Loan ID 2965	4/14/2017		11.59	%		14,980		14,980		14,822
Loan ID 2966	4/14/2019		17.90	%		14,201		14,201		14,078
Loan ID 2967	4/14/2017		18.55	%		8,923		8,923		8,707
Loan ID 2968	4/14/2017		25.74	%		3,612		3,612		3,493
Loan ID 2969	4/14/2019		16.75	%		14,176		14,176		14,053
Loan ID 2970	4/14/2017		12.24	%		8,822		8,822		8,674
Loan ID 2971	4/14/2019		13.85	%		32,925		32,925		32,818
Loan ID 2972	4/14/2017		16.05	%		13,326		13,326		13,003
Loan ID 2973	4/14/2017		12.24	%		13,234		13,234		13,012
Loan ID 2974	4/14/2019		19.60	%		13,288		13,288		13,133
Loan ID 2975	4/14/2017		8.74	%		8,764		8,764		8,672
Loan ID 2976	4/14/2017		11.59	%		22,030		22,030		21,797
Loan ID 2977	4/14/2017		14.85	%		9,751		9,751		9,588
Loan ID 2978	4/14/2017		12.64	%		5,412		5,412		5,321
Loan ID 2979	4/14/2017		25.74	%		3,612		3,612		3,493
Loan ID 2980	4/14/2019		21.85	%		9,522		9,522		9,411
Loan ID 2981	4/14/2017		8.74	%		13,146		13,146		13,008
Loan ID 2982	4/14/2019		13.50	%		14,103		14,103		14,057
Loan ID 2983	4/14/2017		21.00	%		4,032		4,032		3,886
Loan ID 2984	4/14/2017		13.05	%		18,373		18,373		18,064
Loan ID 2985	4/14/2019		11.19	%		9,365		9,365		9,328
Loan ID 2986	4/14/2019		11.99	%		12,192		12,192		12,142
Loan ID 2987	4/14/2017		19.20	%		13,399		13,399		13,075
Loan ID 2988	4/14/2019		18.25	%		14,209		14,209		14,085
Loan ID 2989	4/15/2019		16.05	%		14,161		14,161		14,038
Loan ID 2990	4/15/2019		10.89	%		5,617		5,617		5,595
Loan ID 2991	4/15/2017		11.59	%		5,287		5,287		5,231
Loan ID 2992	4/15/2017		24.24	%		9,008		9,008		8,711
Loan ID 2993	4/15/2017		17.45	%		3,502		3,502		3,418
Loan ID 2994	4/15/2017		19.60	%		13,408		13,408		12,923
Loan ID 2995	4/15/2019		15.70	%		14,153		14,153		14,030
Loan ID 2996	4/15/2019		13.05	%		23,487		23,487		23,411
Loan ID 2997	4/15/2019		18.90	%		12,326		12,326		12,219
Loan ID 2998	4/15/2017		22.54	%		3,593		3,593		3,463
Loan ID 2999	4/15/2017		9.20	%		13,158		13,158		13,019
Loan ID 3000	4/15/2017		13.05	%		8,837		8,837		8,689
Loan ID 3001	4/15/2019		14.85	%		23,556		23,556		23,480
Loan ID 3002	4/15/2019		24.24	%		9,553		9,553		9,467
Loan ID 3003	4/15/2019		13.85	%		7,055		7,055		7,032
Loan ID 3005	4/15/2017		15.35	%		5,324		5,324		5,195
Loan ID 3006	4/15/2019		19.60	%		14,237		14,237		14,072
Loan ID 3007	4/15/2017		13.05	%		13,254		13,254		13,031
Loan ID 3008	4/15/2019		13.05	%		14,092		14,092		14,046
Loan ID 3009	4/15/2017		8.74	%		21,911		21,911		21,679
Loan ID 3010	4/15/2017		8.74	%		13,146		13,146		13,008
Loan ID 3011	4/15/2019		18.90	%		14,222		14,222		14,099
Loan ID 3012	4/15/2019		18.90	%		14,222		14,222		14,099
Loan ID 3013	4/15/2017		9.80	%		24,590		24,590		24,330
Loan ID 3014	4/15/2019		25.74	%		5,743		5,743		5,691
Loan ID 3015	4/15/2019		16.35	%		18,890		18,890		18,726
Loan ID 3016	4/15/2017		14.85	%		17,729		17,729		17,432
Loan ID 3017	4/15/2017		10.89	%		2,656		2,656		2,628
Loan ID 3018	4/15/2019		13.50	%		9,402		9,402		9,371
Loan ID 3019	4/15/2019		13.05	%		23,487		23,487		23,411
Loan ID 3020	4/15/2019		14.50	%		9,416		9,416		9,386
Loan ID 3021	4/15/2017		16.75	%		6,671		6,671		6,510
Loan ID 3022	4/15/2017		16.05	%		13,326		13,326		13,003
Loan ID 3023	4/15/2017		12.24	%		13,234		13,234		13,012

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3024	4/15/2019		13.85	%		14,111		14,111		14,065
Loan ID 3025	4/15/2017		10.89	%		10,560		10,560		10,449
Loan ID 3027	4/15/2017		9.20	%		5,439		5,439		5,381
Loan ID 3028	4/15/2019		15.70	%		5,661		5,661		5,612
Loan ID 3029	4/15/2017		16.35	%		14,345		14,345		13,998
Loan ID 3030	4/15/2017		17.15	%		3,546		3,546		3,461
Loan ID 3031	4/15/2017		15.70	%		4,883		4,883		4,765
Loan ID 3033	4/15/2017		15.70	%		1,776		1,776		1,733
Loan ID 3034	4/15/2017		22.54	%		3,144		3,144		3,030
Loan ID 3035	4/15/2017		16.05	%		3,998		3,998		3,901
Loan ID 3036	4/15/2017		23.44	%		2,699		2,699		2,601
Loan ID 3037	4/15/2019		18.25	%		9,472		9,472		9,390
Loan ID 3038	4/15/2017		19.60	%		10,465		10,465		10,086
Loan ID 3039	4/15/2017		10.89	%		7,040		7,040		6,966
Loan ID 3040	4/15/2017		11.99	%		2,205		2,205		2,181
Loan ID 3041	4/15/2019		14.85	%		2,073		2,073		2,066
Loan ID 3042	4/15/2019		18.90	%		14,222		14,222		14,099
Loan ID 3043	4/15/2017		13.85	%		22,122		22,122		21,751
Loan ID 3044	4/15/2017		11.59	%		17,624		17,624		17,437
Loan ID 3045	4/15/2017		12.64	%		8,829		8,829		8,681
Loan ID 3046	4/15/2017		9.80	%		13,173		13,173		13,034
Loan ID 3047	4/15/2019		21.85	%		9,522		9,522		9,411
Loan ID 3049	4/15/2019		13.50	%		23,505		23,505		23,428
Loan ID 3050	4/15/2017		11.59	%		6,168		6,168		6,103
Loan ID 3051	4/15/2017		19.20	%		3,573		3,573		3,487
Loan ID 3052	4/15/2017		17.90	%		13,369		13,369		13,046
Loan ID 3053	4/15/2019		16.35	%		4,713		4,713		4,672
Loan ID 3054	4/15/2019		15.35	%		10,845		10,845		10,750
Loan ID 3055	4/15/2019		15.35	%		3,772		3,772		3,739
Loan ID 3056	4/15/2017		13.50	%		19,444		19,444		19,118
Loan ID 3057	4/15/2017		14.50	%		19,933		19,933		19,599
Loan ID 3058	4/15/2017		8.74	%		13,146		13,146		13,008
Loan ID 3059	4/15/2017		19.20	%		2,680		2,680		2,615
Loan ID 3060	4/15/2017		23.44	%		11,695		11,695		11,272
Loan ID 3061	4/15/2017		16.35	%		6,222		6,222		6,071
Loan ID 3062	4/15/2017		18.90	%		10,714		10,714		10,455
Loan ID 3063	4/15/2019		14.15	%		12,235		12,235		12,196
Loan ID 3064	4/15/2019		17.90	%		18,935		18,935		18,770
Loan ID 3065	4/15/2017		16.35	%		3,555		3,555		3,469
Loan ID 3066	4/15/2017		28.74	%		3,629		3,629		3,494
Loan ID 3067	4/15/2019		20.30	%		8,551		8,551		8,452
Loan ID 3068	4/15/2019		13.50	%		9,402		9,402		9,371
Loan ID 3069	4/15/2019		11.59	%		14,058		14,058		14,001
Loan ID 3070	4/15/2017		17.45	%		8,906		8,906		8,690
Loan ID 3071	4/15/2017		23.44	%		4,048		4,048		3,902
Loan ID 3072	4/15/2017		9.80	%		8,782		8,782		8,689
Loan ID 3073	4/15/2019		17.90	%		14,201		14,201		14,078
Loan ID 3074	4/15/2017		20.30	%		8,886		8,886		8,564
Loan ID 3075	4/15/2019		16.05	%		9,440		9,440		9,358
Loan ID 3076	4/15/2019		14.85	%		14,134		14,134		14,088
Loan ID 3077	4/15/2017		23.44	%		3,599		3,599		3,468
Loan ID 3078	4/15/2019		13.85	%		10,348		10,348		10,314
Loan ID 3079	4/15/2019		19.20	%		10,909		10,909		10,814
Loan ID 3080	4/15/2017		18.25	%		3,567		3,567		3,481
Loan ID 3081	4/15/2019		16.75	%		17,011		17,011		16,863
Loan ID 3083	4/15/2017		15.35	%		3,549		3,549		3,463
Loan ID 3085	4/15/2017		8.74	%		14,899		14,899		14,742
Loan ID 3086	4/15/2017		9.80	%		24,151		24,151		23,896
Loan ID 3087	4/15/2019		14.85	%		9,423		9,423		9,392
Loan ID 3088	4/15/2017		16.05	%		13,326		13,326		13,003

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3089	4/15/2019		13.85	%		23,518		23,518		23,442
Loan ID 3090	4/15/2017		17.45	%		8,906		8,906		8,690
Loan ID 3091	4/15/2017		11.59	%		13,218		13,218		13,078
Loan ID 3092	4/15/2017		22.54	%		8,983		8,983		8,658
Loan ID 3093	4/15/2017		12.24	%		3,088		3,088		3,036
Loan ID 3094	4/15/2017		9.80	%		3,952		3,952		3,910
Loan ID 3095	4/15/2017		14.15	%		10,624		10,624		10,446
Loan ID 3096	4/15/2017		17.90	%		1,783		1,783		1,739
Loan ID 3097	4/15/2017		14.85	%		8,865		8,865		8,716
Loan ID 3098	4/15/2017		12.24	%		2,647		2,647		2,602
Loan ID 3099	4/15/2017		11.59	%		11,896		11,896		11,770
Loan ID 3100	4/15/2017		28.00	%		7,249		7,249		7,010
Loan ID 3101	4/15/2019		16.05	%		14,161		14,161		14,038
Loan ID 3102	4/15/2017		19.60	%		3,576		3,576		3,446
Loan ID 3103	4/15/2019		23.44	%		9,542		9,542		9,432
Loan ID 3104	4/15/2019		21.85	%		8,570		8,570		8,470
Loan ID 3105	4/15/2017		16.75	%		4,892		4,892		4,774
Loan ID 3106	4/15/2017		18.55	%		3,123		3,123		3,047
Loan ID 3107	4/16/2019		14.50	%		23,543		23,543		23,466
Loan ID 3109	4/16/2019		16.05	%		14,161		14,161		14,038
Loan ID 3110	4/16/2017		17.15	%		13,352		13,352		13,029
Loan ID 3111	4/16/2017		11.99	%		8,377		8,377		8,289
Loan ID 3112	4/16/2017		16.35	%		13,333		13,333		13,010
Loan ID 3113	4/16/2017		9.80	%		1,756		1,756		1,738
Loan ID 3114	4/16/2017		15.35	%		7,985		7,985		7,792
Loan ID 3115	4/16/2019		12.24	%		32,837		32,837		32,730
Loan ID 3116	4/16/2017		16.75	%		8,183		8,183		7,985
Loan ID 3117	4/16/2019		14.85	%		23,556		23,556		23,480
Loan ID 3118	4/16/2017		28.00	%		9,062		9,062		8,763
Loan ID 3119	4/16/2017		13.05	%		17,671		17,671		17,375
Loan ID 3120	4/16/2019		15.35	%		14,145		14,145		14,022
Loan ID 3121	4/16/2019		16.05	%		14,161		14,161		14,038
Loan ID 3122	4/16/2017		11.19	%		14,969		14,969		14,811
Loan ID 3123	4/16/2019		14.15	%		18		18		17
Loan ID 3124	4/16/2019		11.59	%		18,743		18,743		18,668
Loan ID 3125	4/16/2017		13.50	%		10,407		10,407		10,232
Loan ID 3126	4/16/2017		13.50	%		13,264		13,264		13,042
Loan ID 3127	4/16/2019		12.64	%		32,859		32,859		32,752
Loan ID 3128	4/16/2019		14.85	%		5,654		5,654		5,635
Loan ID 3129	4/16/2019		22.54	%		5,718		5,718		5,652
Loan ID 3130	4/16/2017		12.24	%		11,910		11,910		11,711
Loan ID 3131	4/16/2017		28.00	%		3,625		3,625		3,505
Loan ID 3132	4/16/2019		13.50	%		6,111		6,111		6,091
Loan ID 3133	4/16/2019		16.75	%		14,176		14,176		14,053
Loan ID 3134	4/16/2017		22.54	%		8,983		8,983		8,658
Loan ID 3135	4/16/2019		16.05	%		9,433		9,433		9,351
Loan ID 3136	4/16/2019		19.20	%		9,486		9,486		9,403
Loan ID 3137	4/16/2017		25.74	%		3,612		3,612		3,493
Loan ID 3138	4/16/2017		18.55	%		6,688		6,688		6,526
Loan ID 3139	4/16/2019		19.60	%		14,292		14,292		14,126
Loan ID 3140	4/16/2017		11.19	%		13,237		13,237		13,097
Loan ID 3141	4/16/2019		25.74	%		3,828		3,828		3,794
Loan ID 3142	4/16/2019		12.24	%		14,073		14,073		14,027
Loan ID 3143	4/16/2019		12.64	%		32,859		32,859		32,752
Loan ID 3144	4/16/2019		17.45	%		10,880		10,880		10,785
Loan ID 3146	4/16/2017		9.20	%		17,544		17,544		17,359
Loan ID 3147	4/16/2017		15.35	%		8,873		8,873		8,658
Loan ID 3148	4/16/2019		17.90	%		9,467		9,467		9,385
Loan ID 3149	4/16/2019		12.24	%		12,197		12,197		12,157
Loan ID 3150	4/16/2017		17.15	%		13,352		13,352		13,029

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3151	4/16/2017		15.35	%		7,985		7,985		7,792
Loan ID 3152	4/16/2019		16.05	%		14,074		14,074		13,951
Loan ID 3153	4/16/2017		28.00	%		6,343		6,343		6,134
Loan ID 3154	4/16/2017		15.35	%		8,873		8,873		8,658
Loan ID 3155	4/16/2017		12.24	%		8,822		8,822		8,674
Loan ID 3156	4/16/2017		12.24	%		1,764		1,764		1,735
Loan ID 3157	4/16/2017		14.15	%		8,853		8,853		8,705
Loan ID 3158	4/16/2019		13.50	%		31,918		31,918		31,814
Loan ID 3159	4/16/2019		17.90	%		18,935		18,935		18,770
Loan ID 3160	4/16/2017		18.25	%		13,377		13,377		13,054
Loan ID 3161	4/16/2017		9.80	%		11,417		11,417		11,296
Loan ID 3162	4/16/2017		11.19	%		11,447		11,447		11,326
Loan ID 3163	4/16/2019		24.24	%		9,553		9,553		9,467
Loan ID 3164	4/16/2017		17.90	%		13,369		13,369		13,046
Loan ID 3165	4/16/2017		8.74	%		5,259		5,259		5,203
Loan ID 3166	4/16/2017		9.80	%		13,173		13,173		13,034
Loan ID 3167	4/16/2017		13.85	%		22,122		22,122		21,751
Loan ID 3168	4/16/2017		18.55	%		8,923		8,923		8,707
Loan ID 3169	4/16/2019		21.85	%		9,522		9,522		9,411
Loan ID 3170	4/16/2017		12.64	%		30,902		30,902		30,383
Loan ID 3171	4/16/2019		17.15	%		9,457		9,457		9,374
Loan ID 3172	4/16/2017		24.24	%		9,008		9,008		8,711
Loan ID 3173	4/16/2017		13.85	%		22,122		22,122		21,751
Loan ID 3175	4/16/2017		15.35	%		1,775		1,775		1,732
Loan ID 3176	4/16/2017		25.74	%		9,030		9,030		8,732
Loan ID 3177	4/16/2017		13.50	%		4,421		4,421		4,347
Loan ID 3178	4/16/2017		19.20	%		8,933		8,933		8,717
Loan ID 3179	4/16/2017		19.20	%		6,253		6,253		6,102
Loan ID 3180	4/16/2017		11.99	%		22,046		22,046		21,813
Loan ID 3181	4/16/2019		11.59	%		14,002		14,002		13,946
Loan ID 3182	4/16/2017		14.85	%		3,546		3,546		3,486
Loan ID 3183	4/16/2019		16.05	%		23,601		23,601		23,396
Loan ID 3184	4/16/2017		13.85	%		17,697		17,697		17,400
Loan ID 3185	4/16/2019		13.85	%		14,111		14,111		14,065
Loan ID 3186	4/16/2019		20.30	%		8,551		8,551		8,451
Loan ID 3187	4/16/2017		16.75	%		17,790		17,790		17,359
Loan ID 3188	4/16/2019		17.15	%		13,910		13,910		13,789
Loan ID 3189	4/16/2017		18.55	%		4,446		4,446		4,338
Loan ID 3190	4/16/2017		9.80	%		15,808		15,808		15,641
Loan ID 3191	4/16/2017		28.00	%		3,625		3,625		3,505
Loan ID 3192	4/16/2017		12.64	%		22,073		22,073		21,702
Loan ID 3193	4/16/2017		13.05	%		13,254		13,254		13,031
Loan ID 3194	4/16/2019		17.45	%		23,652		23,652		23,447
Loan ID 3195	4/17/2017		23.44	%		8,834		8,834		8,514
Loan ID 3196	4/17/2019		23.44	%		9,542		9,542		9,432
Loan ID 3197	4/17/2017		11.59	%		13,218		13,218		13,078
Loan ID 3198	4/17/2019		18.25	%		20,839		20,839		20,658
Loan ID 3199	4/17/2017		11.19	%		8,805		8,805		8,712
Loan ID 3200	4/17/2019		14.50	%		23,543		23,543		23,466
Loan ID 3201	4/17/2017		23.44	%		7,647		7,647		7,370
Loan ID 3202	4/17/2017		15.35	%		8,873		8,873		8,658
Loan ID 3203	4/17/2017		20.30	%		8,950		8,950		8,625
Loan ID 3204	4/17/2019		13.85	%		7,526		7,526		7,501
Loan ID 3205	4/17/2019		17.90	%		7,574		7,574		7,508
Loan ID 3206	4/17/2017		10.89	%		13,200		13,200		13,061
Loan ID 3207	4/17/2019		18.25	%		14,209		14,209		14,085
Loan ID 3208	4/17/2019		22.54	%		14,427		14,427		14,259
Loan ID 3209	4/17/2017		15.70	%		22,212		22,212		21,675
Loan ID 3210	4/17/2017		26.44	%		3,616		3,616		3,497
Loan ID 3211	4/17/2019		22.54	%		9,531		9,531		9,420

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3212	4/17/2019		17.15	%		11,348		11,348		11,249
Loan ID 3213	4/17/2017		13.50	%		8,435		8,435		8,294
Loan ID 3214	4/17/2019		12.24	%		32,837		32,837		32,730
Loan ID 3216	4/17/2017		28.00	%		9,062		9,062		8,763
Loan ID 3217	4/17/2017		12.64	%		13,244		13,244		13,021
Loan ID 3218	4/17/2017		19.20	%		13,399		13,399		13,075
Loan ID 3219	4/17/2019		15.35	%		4,715		4,715		4,674
Loan ID 3220	4/17/2019		18.90	%		23,704		23,704		23,498
Loan ID 3221	4/17/2017		16.35	%		1,867		1,867		1,821
Loan ID 3222	4/17/2017		16.05	%		21,208		21,208		20,695
Loan ID 3223	4/17/2019		17.45	%		23,649		23,649		23,443
Loan ID 3224	4/17/2019		26.44	%		8,622		8,622		8,544
Loan ID 3225	4/17/2017		11.99	%		10,141		10,141		10,034
Loan ID 3226	4/17/2019		16.35	%		9,445		9,445		9,363
Loan ID 3227	4/17/2017		15.70	%		22,196		22,196		21,659
Loan ID 3228	4/17/2019		19.20	%		9,486		9,486		9,403
Loan ID 3229	4/17/2019		13.05	%		32,882		32,882		32,775
Loan ID 3230	4/17/2017		16.05	%		14,054		14,054		13,714
Loan ID 3231	4/17/2017		10.89	%		5,720		5,720		5,660
Loan ID 3232	4/17/2017		9.80	%		13,173		13,173		13,034
Loan ID 3233	4/17/2017		9.20	%		13,158		13,158		13,019
Loan ID 3234	4/17/2017		18.55	%		18,738		18,738		18,284
Loan ID 3235	4/17/2019		17.45	%		18,922		18,922		18,757
Loan ID 3236	4/17/2017		15.35	%		6,211		6,211		6,061
Loan ID 3237	4/17/2017		14.15	%		7,081		7,081		6,962
Loan ID 3238	4/17/2017		16.05	%		10,438		10,438		10,186
Loan ID 3239	4/17/2017		19.20	%		8,933		8,933		8,717
Loan ID 3240	4/17/2017		16.35	%		3,413		3,413		3,330
Loan ID 3241	4/17/2017		11.99	%		17,637		17,637		17,450
Loan ID 3242	4/17/2019		14.15	%		18,824		18,824		18,762
Loan ID 3243	4/17/2017		16.35	%		13,333		13,333		13,010
Loan ID 3244	4/17/2019		16.05	%		8,496		8,496		8,423
Loan ID 3246	4/17/2017		24.24	%		4,659		4,659		4,505
Loan ID 3247	4/17/2019		13.85	%		7,338		7,338		7,314
Loan ID 3248	4/17/2019		14.85	%		23,538		23,538		23,461
Loan ID 3249	4/17/2019		10.89	%		18,225		18,225		18,151
Loan ID 3250	4/17/2017		18.55	%		12,492		12,492		12,190
Loan ID 3251	4/17/2017		12.64	%		22,073		22,073		21,702
Loan ID 3252	4/17/2019		26.44	%		9,580		9,580		9,494
Loan ID 3253	4/17/2019		15.35	%		14,145		14,145		14,022
Loan ID 3254	4/17/2017		18.55	%		3,123		3,123		3,047
Loan ID 3255	4/17/2017		13.50	%		11,480		11,480		11,287
Loan ID 3256	4/17/2017		10.89	%		22,001		22,001		21,768
Loan ID 3257	4/17/2017		17.15	%		8,901		8,901		8,686
Loan ID 3258	4/17/2017		16.35	%		22,221		22,221		21,684
Loan ID 3259	4/17/2019		25.04	%		2,869		2,869		2,843
Loan ID 3261	4/17/2017		19.60	%		11,121		11,121		10,718
Loan ID 3262	4/17/2019		19.20	%		9,486		9,486		9,403
Loan ID 3263	4/17/2019		16.05	%		23,601		23,601		23,396
Loan ID 3264	4/17/2019		18.25	%		13,072		13,072		12,958
Loan ID 3265	4/17/2017		11.59	%		11,279		11,279		11,160
Loan ID 3266	4/17/2017		12.24	%		8,822		8,822		8,674
Loan ID 3267	4/17/2017		10.29	%		7,472		7,472		7,393
Loan ID 3268	4/17/2017		14.15	%		17,707		17,707		17,410
Loan ID 3270	4/17/2017		17.45	%		19,593		19,593		19,119
Loan ID 3271	4/17/2017		17.90	%		8,913		8,913		8,697
Loan ID 3272	4/17/2019		20.30	%		3,800		3,800		3,756
Loan ID 3273	4/17/2019		14.50	%		2,825		2,825		2,816
Loan ID 3275	4/17/2017		28.00	%		6,343		6,343		6,134
Loan ID 3277	4/17/2017		11.99	%		8,818		8,818		8,725

Loan ID	Maturity	Interest Rate			Par / Shares			Cost			Fair Value
Loan ID 3278	4/17/2017		13.05	%		13,253			13,253			13,030
Loan ID 3279	4/17/2019		19.20	%		14,229			14,229			14,105
Loan ID 3280	4/17/2017		13.50	%		30,953			30,953			30,434
Loan ID 3281	4/17/2017		11.19	%		24,655			24,655			24,394
Loan ID 3282	4/17/2019		14.15	%		14,118			14,118			14,072
Loan ID 3283	4/17/2017		16.35	%		8,888			8,888			8,673
Loan ID 3284	4/17/2019		14.15	%		14,118			14,118			14,072
Loan ID 3285	4/17/2019		13.05	%		30,533			30,533			30,434
Loan ID 3286	4/17/2017		14.50	%		19,333			19,333			19,009
Loan ID 3287	4/17/2017		18.55	%		5,800			5,800			5,659
Loan ID 3288	4/17/2017		22.54	%		2,695			2,695			2,597
Loan ID 3289	4/17/2017		14.15	%		13,280			13,280			13,057
Loan ID 3290	4/17/2017		8.74	%		6,135			6,135			6,070
Loan ID 3291	4/17/2017		11.99	%		16,931			16,931			16,752
Loan ID 3292	4/17/2019		21.00	%		14,266			14,266			14,100
Loan ID 3293	4/17/2017		12.24	%		8,822			8,822			8,674
Loan ID 3294	4/17/2017		10.29	%		12,306			12,306			12,176
Loan ID 3295	4/17/2017		14.15	%		3,551			3,551			3,492
Loan ID 3296	4/17/2017		28.00	%		3,625			3,625			3,505
Loan ID 3298	4/17/2017		19.60	%		11,174			11,174			10,769
Loan ID 3299	4/17/2017		12.24	%		4,608			4,608			4,531
Loan ID 3300	4/17/2017		13.85	%		15,928			15,928			15,660
Loan ID 3301	4/17/2017		23.44	%		1,799			1,799			1,734
Loan ID 3302	4/17/2019		18.55	%		14,215			14,215			14,091
Loan ID 3303	4/17/2019		21.00	%		4,945			4,945			4,888
Loan ID 3304	4/17/2017		13.05	%		13,254			13,254			13,031
Loan ID 3305	4/18/2017		15.70	%		8,434			8,434			8,230
Loan ID 3306	4/18/2017		28.00	%		3,625			3,625			3,505
Loan ID 3307	4/18/2017		14.15	%		2,656			2,656			2,611
Loan ID 3308	4/18/2017		15.35	%		(7,704	)		(7,704	)		(7,518	)
Loan ID 3309	4/18/2017		9.20	%		8,114			8,114			8,028
Loan ID 3310	4/18/2017		17.15	%		3,560			3,560			3,474
Loan ID 3311	4/18/2017		11.59	%		7,049			7,049			6,975
Loan ID 3312	4/18/2017		13.50	%		17,686			17,686			17,389
Loan ID 3313	4/18/2017		14.85	%		17,729			17,729			17,432
Loan ID 3314	4/18/2017		9.20	%		12,281			12,281			12,151
Loan ID 3315	4/18/2019		19.60	%		13,288			13,288			13,133
Loan ID 3316	4/18/2019		22.54	%		8,578			8,578			8,478
Loan ID 3317	4/18/2017		25.04	%		3,608			3,608			3,489
Loan ID 3318	4/18/2019		16.75	%		11,552			11,552			11,451
Loan ID 3319	4/18/2019		11.59	%		18,743			18,743			18,668
Loan ID 3320	4/18/2017		13.05	%		8,836			8,836			8,687
Loan ID 3321	4/18/2017		28.00	%		3,625			3,625			3,505
Loan ID 3322	4/18/2019		11.19	%		12,175			12,175			12,126
Loan ID 3323	4/18/2019		15.35	%		14,145			14,145			14,022
Loan ID 3324	4/18/2017		11.99	%		12,787			12,787			12,652
Loan ID 3325	4/18/2017		11.19	%		5,819			5,819			5,757
Loan ID 3326	4/18/2019		20.30	%		4,750			4,750			4,695
Loan ID 3327	4/18/2019		15.35	%		23,575			23,575			23,370
Loan ID 3328	4/18/2019		13.85	%		5,644			5,644			5,626
Loan ID 3329	4/18/2019		11.59	%		8,435			8,435			8,401
Loan ID 3330	4/18/2017		16.05	%		13,326			13,326			13,003
Loan ID 3331	4/18/2017		14.50	%		31,007			31,007			30,487
Loan ID 3332	4/18/2017		10.89	%		8,800			8,800			8,707
Loan ID 3333	4/18/2017		9.80	%		30,737			30,737			30,413
Loan ID 3334	4/18/2017		19.60	%		5,753			5,753			5,545
Loan ID 3335	4/18/2019		13.85	%		23,518			23,518			23,442
Loan ID 3336	4/18/2017		14.50	%		8,859			8,859			8,710
Loan ID 3337	4/18/2019		13.85	%		12,229			12,229			12,190
Loan ID 3338	4/18/2017		12.64	%		3,090			3,090			3,038

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3339	4/18/2019		20.30	%		9,501		9,501		9,391
Loan ID 3340	4/18/2017		8.74	%		5,259		5,259		5,203
Loan ID 3341	4/18/2019		15.35	%		6,229		6,229		6,175
Loan ID 3342	4/18/2017		17.90	%		7,576		7,576		7,393
Loan ID 3343	4/18/2019		17.45	%		4,730		4,730		4,689
Loan ID 3344	4/18/2017		15.70	%		3,551		3,551		3,465
Loan ID 3345	4/18/2019		13.50	%		14,103		14,103		14,057
Loan ID 3346	4/18/2017		13.50	%		4,421		4,421		4,347
Loan ID 3347	4/18/2017		22.54	%		8,983		8,983		8,658
Loan ID 3348	4/18/2019		11.19	%		16,389		16,389		16,323
Loan ID 3349	4/18/2017		20.30	%		1,790		1,790		1,725
Loan ID 3350	4/18/2017		17.45	%		3,562		3,562		3,476
Loan ID 3351	4/18/2019		18.90	%		9,007		9,007		8,929
Loan ID 3352	4/18/2017		11.59	%		30,841		30,841		30,515
Loan ID 3353	4/18/2019		15.35	%		12,259		12,259		12,152
Loan ID 3354	4/18/2017		9.20	%		26,316		26,316		26,038
Loan ID 3355	4/18/2019		17.90	%		17,041		17,041		16,893
Loan ID 3356	4/18/2017		27.24	%		9,144		9,144		8,843
Loan ID 3357	4/18/2019		18.90	%		14,222		14,222		14,099
Loan ID 3358	4/18/2019		14.15	%		23,530		23,530		23,453
Loan ID 3359	4/18/2017		23.44	%		6,747		6,747		6,503
Loan ID 3360	4/18/2017		15.70	%		3,551		3,551		3,465
Loan ID 3361	4/18/2017		18.55	%		8,923		8,923		8,707
Loan ID 3362	4/18/2017		28.00	%		3,623		3,623		3,504
Loan ID 3363	4/18/2019		19.60	%		7,118		7,118		7,036
Loan ID 3364	4/18/2019		18.25	%		14,209		14,209		14,085
Loan ID 3365	4/18/2019		10.89	%		15,913		15,913		15,849
Loan ID 3366	4/18/2017		17.90	%		8,021		8,021		7,827
Loan ID 3367	4/18/2017		18.55	%		8,923		8,923		8,707
Loan ID 3368	4/18/2017		10.89	%		22,000		22,000		21,768
Loan ID 3369	4/18/2019		22.54	%		14,296		14,296		14,130
Loan ID 3370	4/18/2019		26.44	%		3,832		3,832		3,797
Loan ID 3371	4/18/2019		12.24	%		18,764		18,764		18,703
Loan ID 3372	4/18/2017		9.80	%		8,782		8,782		8,689
Loan ID 3373	4/18/2017		11.99	%		13,245		13,245		13,105
Loan ID 3374	4/18/2019		15.35	%		9,363		9,363		9,282
Loan ID 3375	4/18/2019		15.35	%		9,430		9,430		9,348
Loan ID 3376	4/18/2017		11.59	%		13,218		13,218		13,078
Loan ID 3377	4/18/2017		9.80	%		13,173		13,173		13,034
Loan ID 3378	4/18/2017		9.20	%		14,271		14,271		14,120
Loan ID 3379	4/18/2017		11.99	%		11,111		11,111		10,994
Loan ID 3380	4/18/2019		13.85	%		6,585		6,585		6,564
Loan ID 3381	4/18/2017		11.19	%		17,610		17,610		17,424
Loan ID 3382	4/18/2017		12.64	%		9,270		9,270		9,115
Loan ID 3383	4/18/2017		19.20	%		13,399		13,399		13,075
Loan ID 3384	4/18/2019		10.89	%		18,721		18,721		18,645
Loan ID 3385	4/18/2017		14.85	%		7,092		7,092		6,973
Loan ID 3386	4/18/2017		14.15	%		7,525		7,525		7,399
Loan ID 3387	4/18/2019		25.74	%		8,818		8,818		8,739
Loan ID 3388	4/18/2019		13.85	%		14,111		14,111		14,065
Loan ID 3389	4/18/2019		13.85	%		7,293		7,293		7,269
Loan ID 3390	4/18/2019		18.90	%		8,533		8,533		8,459
Loan ID 3391	4/18/2019		14.15	%		18,824		18,824		18,762
Loan ID 3392	4/18/2017		21.85	%		8,973		8,973		8,648
Loan ID 3393	4/18/2019		18.90	%		11,378		11,378		11,279
Loan ID 3394	4/18/2017		21.00	%		8,960		8,960		8,636
Loan ID 3395	4/18/2017		13.50	%		8,843		8,843		8,695
Loan ID 3397	4/18/2017		11.99	%		8,785		8,785		8,692
Loan ID 3398	4/18/2019		11.59	%		18,743		18,743		18,668
Loan ID 3399	4/18/2017		8.74	%		10,517		10,517		10,406

Loan ID	Loan ID	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3400	4/18/2019		18.55	%		2,127		2,127		2,108
Loan ID 3401	4/18/2019		14.85	%		14,134		14,134		14,088
Loan ID 3402	4/18/2017		11.19	%		17,610		17,610		17,424
Loan ID 3403	4/18/2017		11.59	%		8,812		8,812		8,719
Loan ID 3404	4/18/2019		12.64	%		23,471		23,471		23,395
Loan ID 3405	4/18/2017		23.44	%		3,599		3,599		3,468
Loan ID 3406	4/18/2019		21.85	%		1,904		1,904		1,882
Loan ID 3407	4/18/2017		12.24	%		9,705		9,705		9,542
Loan ID 3408	4/18/2019		14.85	%		18,790		18,790		18,729
Loan ID 3409	4/18/2019		15.70	%		23,605		23,605		23,400
Loan ID 3410	4/18/2019		13.85	%		14,111		14,111		14,065
Loan ID 3411	4/18/2017		13.05	%		9,719		9,719		9,556
Loan ID 3412	4/18/2017		11.19	%		17,610		17,610		17,424
Loan ID 3413	4/18/2017		10.89	%		9,680		9,680		9,578
Loan ID 3414	4/18/2017		20.30	%		8,967		8,967		8,643
Loan ID 3415	4/21/2019		11.99	%		14,067		14,067		14,010
Loan ID 3416	4/21/2019		20.30	%		8,551		8,551		8,452
Loan ID 3417	4/21/2019		14.15	%		9,412		9,412		9,381
Loan ID 3418	4/21/2017		14.15	%		16,423		16,423		16,148
Loan ID 3419	4/21/2019		23.44	%		9,542		9,542		9,432
Loan ID 3420	4/21/2019		21.85	%		8,570		8,570		8,470
Loan ID 3421	4/21/2019		13.50	%		23,505		23,505		23,428
Loan ID 3422	4/21/2017		17.15	%		11,571		11,571		11,291
Loan ID 3423	4/21/2017		18.55	%		8,923		8,923		8,707
Loan ID 3424	4/21/2017		27.24	%		4,526		4,526		4,376
Loan ID 3425	4/21/2017		11.59	%		13,218		13,218		13,078
Loan ID 3426	4/21/2017		23.44	%		8,996		8,996		8,671
Loan ID 3427	4/21/2017		14.15	%		3,541		3,541		3,482
Loan ID 3428	4/21/2019		15.35	%		23,575		23,575		23,370
Loan ID 3429	4/21/2017		14.15	%		5,312		5,312		5,223
Loan ID 3430	4/21/2019		24.24	%		6,687		6,687		6,627
Loan ID 3431	4/21/2019		15.70	%		23,874		23,874		23,666
Loan ID 3432	4/21/2017		14.15	%		8,853		8,853		8,705
Loan ID 3433	4/21/2017		11.59	%		5,280		5,280		5,224
Loan ID 3434	4/21/2019		17.15	%		3,783		3,783		3,750
Loan ID 3435	4/21/2019		17.15	%		5,201		5,201		5,156
Loan ID 3436	4/21/2017		11.59	%		8,812		8,812		8,719
Loan ID 3437	4/21/2017		17.45	%		8,906		8,906		8,690
Loan ID 3438	4/21/2017		13.50	%		15,033		15,033		14,781
Loan ID 3439	4/21/2019		14.15	%		14,118		14,118		14,072
Loan ID 3440	4/21/2017		18.55	%		8,923		8,923		8,707
Loan ID 3441	4/21/2017		23.44	%		3,599		3,599		3,468
Loan ID 3442	4/21/2019		9.80	%		18,685		18,685		18,610
Loan ID 3443	4/21/2017		18.55	%		19,184		19,184		18,720
Loan ID 3444	4/21/2017		14.15	%		4,427		4,427		4,352
Loan ID 3445	4/21/2019		13.85	%		29,053		29,053		28,958
Loan ID 3446	4/21/2019		10.89	%		4,679		4,679		4,660
Loan ID 3447	4/21/2017		10.29	%		4,395		4,395		4,349
Loan ID 3448	4/21/2017		15.35	%		1,775		1,775		1,732
Loan ID 3449	4/21/2019		14.50	%		9,417		9,417		9,387
Loan ID 3450	4/21/2017		13.05	%		9,719		9,719		9,556
Loan ID 3451	4/21/2019		12.64	%		12,205		12,205		12,165
Loan ID 3452	4/21/2017		25.04	%		3,630		3,630		3,510
Loan ID 3453	4/21/2019		18.25	%		14,209		14,209		14,085
Loan ID 3455	4/21/2017		13.85	%		16,816		16,816		16,534
Loan ID 3456	4/21/2019		19.20	%		9,486		9,486		9,403
Loan ID 3457	4/21/2017		25.74	%		2,348		2,348		2,270
Loan ID 3458	4/21/2019		15.70	%		14,153		14,153		14,030
Loan ID 3459	4/21/2017		30.09	%		3,636		3,636		3,501
Loan ID 3461	4/21/2019		14.15	%		23,530		23,530		23,453

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3463	4/21/2017		16.35	%		14,113		14,113		13,772
Loan ID 3464	4/21/2019		17.90	%		14,201		14,201		14,078
Loan ID 3465	4/21/2017		17.15	%		8,901		8,901		8,686
Loan ID 3466	4/21/2017		13.05	%		4,418		4,418		4,344
Loan ID 3467	4/21/2017		17.90	%		13,369		13,369		13,046
Loan ID 3468	4/21/2017		9.80	%		6,776		6,776		6,705
Loan ID 3469	4/21/2019		11.99	%		9,378		9,378		9,340
Loan ID 3470	4/21/2019		18.90	%		13,748		13,748		13,629
Loan ID 3471	4/21/2019		19.20	%		12,331		12,331		12,224
Loan ID 3472	4/21/2019		17.15	%		9,457		9,457		9,374
Loan ID 3473	4/21/2019		25.74	%		3,828		3,828		3,794
Loan ID 3474	4/21/2017		11.99	%		8,818		8,818		8,725
Loan ID 3475	4/21/2017		19.60	%		5,810		5,810		5,600
Loan ID 3476	4/21/2019		17.90	%		5,680		5,680		5,631
Loan ID 3478	4/21/2019		11.19	%		18,731		18,731		18,655
Loan ID 3479	4/21/2017		25.74	%		9,030		9,030		8,732
Loan ID 3480	4/21/2017		20.30	%		8,979		8,979		8,654
Loan ID 3481	4/21/2019		21.00	%		12,363		12,363		12,220
Loan ID 3482	4/21/2017		10.89	%		8,800		8,800		8,707
Loan ID 3483	4/21/2019		18.55	%		24,006		24,006		23,797
Loan ID 3484	4/21/2017		21.00	%		4,479		4,479		4,317
Loan ID 3485	4/21/2017		22.54	%		3,539		3,539		3,410
Loan ID 3486	4/21/2017		11.59	%		6,609		6,609		6,539
Loan ID 3487	4/21/2019		17.15	%		14,185		14,185		14,062
Loan ID 3488	4/21/2017		11.99	%		5,291		5,291		5,235
Loan ID 3489	4/21/2017		13.50	%		17,686		17,686		17,389
Loan ID 3490	4/21/2017		12.24	%		8,822		8,822		8,674
Loan ID 3491	4/21/2017		11.99	%		22,046		22,046		21,813
Loan ID 3492	4/21/2017		16.35	%		7,555		7,555		7,372
Loan ID 3493	4/21/2017		28.00	%		3,625		3,625		3,505
Loan ID 3494	4/21/2017		18.90	%		13,392		13,392		13,068
Loan ID 3495	4/21/2019		12.64	%		9,388		9,388		9,358
Loan ID 3496	4/21/2017		21.00	%		2,688		2,688		2,591
Loan ID 3497	4/21/2017		12.24	%		11,749		11,749		11,552
Loan ID 3498	4/21/2017		12.64	%		13,244		13,244		13,021
Loan ID 3499	4/21/2019		22.54	%		9,626		9,626		9,514
Loan ID 3500	4/21/2017		14.15	%		8,853		8,853		8,705
Loan ID 3501	4/21/2019		16.05	%		12,037		12,037		11,932
Loan ID 3502	4/21/2019		21.00	%		8,912		8,912		8,809
Loan ID 3503	4/21/2017		9.80	%		3,513		3,513		3,476
Loan ID 3504	4/21/2017		18.25	%		17,836		17,836		17,405
Loan ID 3505	4/21/2019		17.15	%		23,641		23,641		23,436
Loan ID 3506	4/21/2017		11.99	%		13,228		13,228		13,088
Loan ID 3507	4/21/2017		19.20	%		13,399		13,399		13,075
Loan ID 3509	4/21/2017		11.99	%		24,251		24,251		23,994
Loan ID 3510	4/21/2017		12.24	%		8,822		8,822		8,674
Loan ID 3511	4/22/2019		15.35	%		6,601		6,601		6,544
Loan ID 3512	4/22/2019		13.05	%		19,165		19,165		19,103
Loan ID 3513	4/22/2017		13.85	%		15,043		15,043		14,790
Loan ID 3514	4/22/2017		9.80	%		2,459		2,459		2,433
Loan ID 3515	4/22/2017		16.35	%		13,900		13,900		13,564
Loan ID 3516	4/22/2017		27.24	%		9,051		9,051		8,753
Loan ID 3517	4/22/2017		11.59	%		8,812		8,812		8,719
Loan ID 3518	4/22/2017		8.74	%		7,888		7,888		7,805
Loan ID 3519	4/22/2019		13.05	%		23,487		23,487		23,411
Loan ID 3520	4/22/2017		14.15	%		8,853		8,853		8,705
Loan ID 3521	4/22/2019		18.90	%		14,222		14,222		14,099
Loan ID 3522	4/22/2017		9.80	%		18,057		18,057		17,867
Loan ID 3523	4/22/2017		8.74	%		8,764		8,764		8,672
Loan ID 3524	4/22/2017		9.80	%		13,173		13,173		13,034

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3525	4/22/2017		18.25	%		13,377		13,377		13,054
Loan ID 3526	4/22/2017		26.44	%		3,616		3,616		3,497
Loan ID 3527	4/22/2017		16.35	%		3,378		3,378		3,296
Loan ID 3528	4/22/2019		18.25	%		7,578		7,578		7,512
Loan ID 3529	4/22/2017		20.30	%		7,160		7,160		6,900
Loan ID 3530	4/22/2017		14.15	%		3,541		3,541		3,482
Loan ID 3532	4/22/2019		14.50	%		32,960		32,960		32,853
Loan ID 3533	4/22/2017		16.75	%		8,895		8,895		8,680
Loan ID 3534	4/22/2017		11.19	%		9,708		9,708		9,605
Loan ID 3535	4/22/2017		15.70	%		13,317		13,317		12,995
Loan ID 3536	4/22/2019		14.85	%		23,556		23,556		23,480
Loan ID 3537	4/22/2017		9.80	%		13,173		13,173		13,034
Loan ID 3538	4/22/2017		13.50	%		4,421		4,421		4,347
Loan ID 3539	4/22/2017		27.24	%		5,431		5,431		5,252
Loan ID 3540	4/22/2017		11.19	%		8,805		8,805		8,712
Loan ID 3541	4/22/2019		17.15	%		14,185		14,185		14,062
Loan ID 3542	4/22/2017		23.44	%		6,747		6,747		6,503
Loan ID 3543	4/22/2019		11.59	%		4,686		4,686		4,667
Loan ID 3544	4/22/2019		19.20	%		11,383		11,383		11,284
Loan ID 3545	4/22/2019		16.05	%		14,161		14,161		14,038
Loan ID 3546	4/22/2017		17.90	%		10,695		10,695		10,436
Loan ID 3547	4/22/2017		9.20	%		30,702		30,702		30,378
Loan ID 3548	4/22/2017		17.45	%		3,117		3,117		3,042
Loan ID 3549	4/22/2017		11.19	%		9,948		9,948		9,843
Loan ID 3550	4/22/2019		18.90	%		14,112		14,112		13,989
Loan ID 3551	4/22/2017		25.74	%		9,030		9,030		8,732
Loan ID 3552	4/22/2017		12.24	%		13,234		13,234		13,012
Loan ID 3553	4/22/2017		18.90	%		8,928		8,928		8,712
Loan ID 3555	4/22/2017		9.80	%		7,026		7,026		6,951
Loan ID 3556	4/22/2019		13.05	%		11,274		11,274		11,237
Loan ID 3557	4/22/2019		12.64	%		11,266		11,266		11,229
Loan ID 3558	4/22/2019		16.35	%		18,890		18,890		18,726
Loan ID 3559	4/22/2017		13.85	%		21,942		21,942		21,574
Loan ID 3560	4/22/2017		18.55	%		3,514		3,514		3,429
Loan ID 3561	4/22/2017		24.24	%		3,603		3,603		3,484
Loan ID 3562	4/22/2017		27.24	%		5,431		5,431		5,252
Loan ID 3563	4/22/2019		16.35	%		14,167		14,167		14,044
Loan ID 3564	4/22/2017		16.75	%		14,232		14,232		13,887
Loan ID 3565	4/22/2017		19.20	%		13,399		13,399		13,075
Loan ID 3566	4/22/2017		10.29	%		17,581		17,581		17,395
Loan ID 3567	4/22/2017		13.85	%		8,849		8,849		8,700
Loan ID 3568	4/22/2019		14.15	%		7,059		7,059		7,036
Loan ID 3569	4/22/2017		18.55	%		7,906		7,906		7,715
Loan ID 3570	4/22/2019		14.15	%		12,235		12,235		12,196
Loan ID 3571	4/22/2017		28.00	%		9,062		9,062		8,763
Loan ID 3572	4/22/2019		17.90	%		9,894		9,894		9,808
Loan ID 3573	4/22/2019		18.90	%		14,222		14,222		14,099
Loan ID 3574	4/22/2019		21.85	%		9,522		9,522		9,411
Loan ID 3575	4/22/2019		21.85	%		7,617		7,617		7,529
Loan ID 3576	4/22/2017		30.09	%		3,636		3,636		3,501
Loan ID 3578	4/22/2017		25.74	%		8,127		8,127		7,859
Loan ID 3579	4/22/2019		17.45	%		13,140		13,140		13,026
Loan ID 3580	4/22/2017		11.99	%		8,818		8,818		8,725
Loan ID 3581	4/22/2017		10.29	%		3,516		3,516		3,479
Loan ID 3582	4/22/2019		19.20	%		9,486		9,486		9,403
Loan ID 3583	4/22/2017		21.00	%		8,960		8,960		8,636
Loan ID 3584	4/22/2017		23.44	%		3,599		3,599		3,468
Loan ID 3585	4/22/2019		21.85	%		14,283		14,283		14,117
Loan ID 3586	4/22/2017		15.35	%		5,767		5,767		5,628
Loan ID 3587	4/22/2019		16.35	%		14,167		14,167		14,044

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3588	4/22/2017		18.90	%		17,676		17,676		17,248
Loan ID 3589	4/22/2019		17.15	%		23,641		23,641		23,436
Loan ID 3590	4/22/2019		18.25	%		14,209		14,209		14,085
Loan ID 3591	4/22/2017		18.55	%		13,384		13,384		13,060
Loan ID 3592	4/22/2019		14.85	%		23,556		23,556		23,480
Loan ID 3593	4/22/2017		27.24	%		9,051		9,051		8,753
Loan ID 3594	4/22/2017		12.24	%		3,529		3,529		3,470
Loan ID 3595	4/22/2017		14.85	%		13,297		13,297		13,074
Loan ID 3596	4/22/2017		17.90	%		7,576		7,576		7,393
Loan ID 3597	4/22/2019		18.55	%		9,477		9,477		9,394
Loan ID 3598	4/22/2017		14.50	%		4,430		4,430		4,355
Loan ID 3599	4/22/2017		22.54	%		3,593		3,593		3,463
Loan ID 3600	4/22/2019		25.74	%		9,571		9,571		9,485
Loan ID 3601	4/22/2017		17.45	%		4,452		4,452		4,344
Loan ID 3602	4/22/2017		16.35	%		7,971		7,971		7,778
Loan ID 3604	4/22/2019		18.25	%		14,209		14,209		14,085
Loan ID 3605	4/22/2019		13.50	%		30,086		30,086		29,988
Loan ID 3606	4/22/2017		14.15	%		7,083		7,083		6,964
Loan ID 3607	4/22/2017		10.89	%		30,801		30,801		30,475
Loan ID 3608	4/22/2017		13.05	%		13,254		13,254		13,031
Loan ID 3609	4/22/2017		18.25	%		317		317		309
Loan ID 3610	4/22/2017		12.24	%		30,879		30,879		30,361
Loan ID 3612	4/22/2017		12.24	%		6,705		6,705		6,593
Loan ID 3613	4/22/2017		8.74	%		17,529		17,529		17,343
Loan ID 3614	4/22/2019		23.44	%		19,085		19,085		18,863
Loan ID 3615	4/22/2017		18.25	%		8,918		8,918		8,702
Loan ID 3616	4/22/2019		9.80	%		14,948		14,948		14,888
Loan ID 3617	4/23/2017		10.89	%		13,200		13,200		13,061
Loan ID 3619	4/23/2017		13.50	%		6,455		6,455		6,347
Loan ID 3620	4/23/2017		10.89	%		17,601		17,601		17,415
Loan ID 3621	4/23/2019		14.85	%		23,556		23,556		23,480
Loan ID 3622	4/23/2017		13.05	%		6,185		6,185		6,081
Loan ID 3623	4/23/2017		19.60	%		3,576		3,576		3,446
Loan ID 3624	4/23/2017		24.24	%		3,603		3,603		3,484
Loan ID 3625	4/23/2017		9.20	%		8,682		8,682		8,590
Loan ID 3626	4/23/2019		16.75	%		14,176		14,176		14,053
Loan ID 3627	4/23/2017		16.35	%		8,888		8,888		8,673
Loan ID 3628	4/23/2017		12.64	%		11,478		11,478		11,285
Loan ID 3629	4/23/2017		12.24	%		13,234		13,234		13,012
Loan ID 3630	4/23/2017		13.05	%		3,534		3,534		3,475
Loan ID 3631	4/23/2017		19.20	%		2,680		2,680		2,615
Loan ID 3632	4/23/2019		14.85	%		14,134		14,134		14,088
Loan ID 3633	4/23/2019		14.15	%		3,765		3,765		3,753
Loan ID 3634	4/23/2017		11.19	%		17,610		17,610		17,424
Loan ID 3635	4/23/2017		28.74	%		1,786		1,786		1,719
Loan ID 3636	4/23/2019		18.90	%		14,222		14,222		14,099
Loan ID 3637	4/23/2019		18.90	%		12,735		12,735		12,625
Loan ID 3638	4/23/2017		13.05	%		9,993		9,993		9,826
Loan ID 3639	4/23/2019		18.90	%		14,222		14,222		14,099
Loan ID 3640	4/23/2017		16.75	%		17,790		17,790		17,359
Loan ID 3641	4/23/2017		24.24	%		3,603		3,603		3,484
Loan ID 3642	4/23/2017		12.24	%		10,587		10,587		10,409
Loan ID 3643	4/23/2017		8.74	%		12,270		12,270		12,140
Loan ID 3644	4/23/2017		28.00	%		3,625		3,625		3,505
Loan ID 3645	4/23/2017		9.20	%		30,702		30,702		30,378
Loan ID 3646	4/23/2017		18.25	%		8,918		8,918		8,702
Loan ID 3647	4/23/2019		11.19	%		14,048		14,048		13,991
Loan ID 3648	4/23/2019		22.54	%		9,531		9,531		9,420
Loan ID 3649	4/23/2019		14.15	%		32,942		32,942		32,834
Loan ID 3650	4/23/2017		8.74	%		10,129		10,129		10,022

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3651	4/23/2017		12.64	%		8,829		8,829		8,681
Loan ID 3652	4/23/2019		18.25	%		14,209		14,209		14,085
Loan ID 3653	4/23/2017		11.19	%		10,126		10,126		10,019
Loan ID 3654	4/23/2017		19.20	%		4,913		4,913		4,794
Loan ID 3655	4/23/2017		10.89	%		3,520		3,520		3,483
Loan ID 3656	4/23/2017		15.35	%		7,985		7,985		7,792
Loan ID 3657	4/23/2019		14.15	%		23,530		23,530		23,453
Loan ID 3658	4/23/2019		9.80	%		14,014		14,014		13,957
Loan ID 3659	4/23/2017		10.29	%		10,109		10,109		10,002
Loan ID 3660	4/23/2017		12.24	%		4,411		4,411		4,337
Loan ID 3661	4/23/2017		11.59	%		1,983		1,983		1,962
Loan ID 3662	4/23/2017		11.59	%		13,218		13,218		13,078
Loan ID 3663	4/23/2017		9.80	%		16,686		16,686		16,510
Loan ID 3664	4/23/2019		13.05	%		23,487		23,487		23,411
Loan ID 3665	4/23/2017		13.85	%		10,618		10,618		10,440
Loan ID 3666	4/23/2017		14.85	%		22,162		22,162		21,790
Loan ID 3667	4/23/2017		13.05	%		15,904		15,904		15,637
Loan ID 3668	4/23/2019		14.85	%		3,769		3,769		3,757
Loan ID 3669	4/23/2019		15.35	%		23,575		23,575		23,370
Loan ID 3670	4/23/2017		13.85	%		13,273		13,273		13,050
Loan ID 3671	4/23/2019		15.35	%		14,145		14,145		14,022
Loan ID 3672	4/23/2017		18.25	%		13,394		13,394		13,070
Loan ID 3673	4/23/2017		16.35	%		13,333		13,333		13,010
Loan ID 3674	4/23/2017		9.20	%		15,790		15,790		15,623
Loan ID 3675	4/23/2019		9.80	%		18,685		18,685		18,610
Loan ID 3676	4/23/2017		8.74	%		10,955		10,955		10,840
Loan ID 3677	4/23/2017		30.09	%		2,273		2,273		2,188
Loan ID 3678	4/23/2017		10.29	%		2,637		2,637		2,609
Loan ID 3679	4/23/2017		13.05	%		2,651		2,651		2,606
Loan ID 3680	4/23/2017		27.24	%		9,051		9,051		8,753
Loan ID 3681	4/23/2017		15.70	%		26,635		26,635		25,990
Loan ID 3682	4/23/2019		11.99	%		23,445		23,445		23,351
Loan ID 3683	4/23/2017		26.44	%		3,633		3,633		3,513
Loan ID 3684	4/23/2017		19.20	%		3,573		3,573		3,487
Loan ID 3685	4/23/2017		14.15	%		13,280		13,280		13,057
Loan ID 3686	4/23/2019		24.24	%		1,911		1,911		1,893
Loan ID 3687	4/23/2017		19.60	%		7,151		7,151		6,892
Loan ID 3688	4/23/2017		29.50	%		3,633		3,633		3,498
Loan ID 3689	4/23/2019		18.90	%		9,482		9,482		9,399
Loan ID 3690	4/23/2017		25.74	%		9,030		9,030		8,732
Loan ID 3691	4/23/2017		9.20	%		13,158		13,158		13,019
Loan ID 3692	4/23/2019		16.75	%		23,627		23,627		23,421
Loan ID 3693	4/23/2017		14.50	%		13,289		13,289		13,066
Loan ID 3694	4/23/2017		11.99	%		8,818		8,818		8,725
Loan ID 3695	4/23/2017		30.09	%		3,636		3,636		3,501
Loan ID 3696	4/23/2017		22.54	%		7,942		7,942		7,655
Loan ID 3697	4/23/2017		9.20	%		8,772		8,772		8,679
Loan ID 3698	4/23/2017		19.20	%		8,933		8,933		8,717
Loan ID 3699	4/23/2019		15.70	%		7,548		7,548		7,483
Loan ID 3700	4/23/2017		9.80	%		7,904		7,904		7,820
Loan ID 3701	4/23/2019		17.45	%		23,652		23,652		23,447
Loan ID 3702	4/23/2017		12.64	%		7,425		7,425		7,301
Loan ID 3704	4/23/2017		11.59	%		7,938		7,938		7,854
Loan ID 3705	4/23/2019		18.55	%		12,320		12,320		12,212
Loan ID 3707	4/23/2017		11.19	%		4,403		4,403		4,356
Loan ID 3708	4/23/2017		17.90	%		1,783		1,783		1,739
Loan ID 3709	4/23/2017		25.74	%		3,612		3,612		3,493
Loan ID 3710	4/23/2017		10.29	%		8,784		8,784		8,691
Loan ID 3711	4/23/2017		11.19	%		17,610		17,610		17,424
Loan ID 3712	4/23/2019		13.50	%		32,906		32,906		32,799

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3713	4/23/2017		10.29	%		2,637		2,637		2,609
Loan ID 3714	4/23/2017		21.85	%		3,589		3,589		3,459
Loan ID 3715	4/23/2017		17.90	%		6,685		6,685		6,523
Loan ID 3716	4/23/2019		15.70	%		9,435		9,435		9,353
Loan ID 3717	4/23/2017		16.35	%		13,333		13,333		13,010
Loan ID 3718	4/23/2017		10.29	%		1,758		1,758		1,739
Loan ID 3719	4/23/2019		18.55	%		7,532		7,532		7,467
Loan ID 3720	4/23/2017		13.05	%		8,836		8,836		8,687
Loan ID 3721	4/23/2019		18.90	%		11,378		11,378		11,279
Loan ID 3722	4/23/2017		24.24	%		9,008		9,008		8,711
Loan ID 3723	4/23/2017		8.74	%		17,529		17,529		17,343
Loan ID 3724	4/23/2017		9.20	%		13,158		13,158		13,019
Loan ID 3725	4/23/2019		10.89	%		7,488		7,488		7,458
Loan ID 3726	4/23/2019		16.75	%		14,176		14,176		14,053
Loan ID 3727	4/23/2017		9.20	%		2,456		2,456		2,430
Loan ID 3728	4/23/2019		14.50	%		8,582		8,582		8,554
Loan ID 3729	4/23/2017		12.24	%		22,056		22,056		21,686
Loan ID 3730	4/23/2017		15.70	%		4,439		4,439		4,332
Loan ID 3731	4/23/2017		11.99	%		14,109		14,109		13,960
Loan ID 3732	4/23/2017		10.89	%		5,280		5,280		5,224
Loan ID 3733	4/23/2017		11.19	%		3,082		3,082		3,049
Loan ID 3734	4/23/2017		17.90	%		4,456		4,456		4,349
Loan ID 3735	4/23/2017		24.24	%		5,405		5,405		5,227
Loan ID 3736	4/23/2019		14.50	%		13,184		13,184		13,141
Loan ID 3737	4/23/2017		18.55	%		3,569		3,569		3,483
Loan ID 3738	4/23/2017		14.15	%		22,658		22,658		22,278
Loan ID 3739	4/23/2019		12.24	%		18,764		18,764		18,703
Loan ID 3740	4/23/2017		22.54	%		3,593		3,593		3,463
Loan ID 3741	4/23/2017		16.35	%		8,000		8,000		7,806
Loan ID 3742	4/23/2017		19.60	%		8,939		8,939		8,615
Loan ID 3743	4/23/2017		14.15	%		22,134		22,134		21,762
Loan ID 3744	4/23/2019		22.54	%		9,531		9,531		9,420
Loan ID 3745	4/23/2019		11.99	%		18,701		18,701		18,625
Loan ID 3746	4/23/2017		10.89	%		22,001		22,001		21,768
Loan ID 3747	4/23/2017		23.44	%		5,398		5,398		5,202
Loan ID 3748	4/23/2019		12.64	%		23,471		23,471		23,395
Loan ID 3749	4/23/2019		15.70	%		23,588		23,588		23,383
Loan ID 3750	4/23/2019		13.05	%		14,092		14,092		14,046
Loan ID 3751	4/23/2019		14.15	%		29,177		29,177		29,082
Loan ID 3752	4/23/2017		8.74	%		7,384		7,384		7,306
Loan ID 3753	4/23/2019		14.85	%		14,134		14,134		14,088
Loan ID 3754	4/23/2019		22.54	%		9,531		9,531		9,420
Loan ID 3755	4/23/2019		21.85	%		23,804		23,804		23,528
Loan ID 3756	4/23/2019		15.70	%		28,306		28,306		28,060
Loan ID 3757	4/23/2017		12.24	%		4,411		4,411		4,337
Loan ID 3758	4/23/2017		27.24	%		9,051		9,051		8,753
Loan ID 3759	4/23/2019		18.55	%		14,215		14,215		14,091
Loan ID 3760	4/23/2017		15.70	%		8,878		8,878		8,663
Loan ID 3761	4/23/2017		20.30	%		7,607		7,607		7,332
Loan ID 3762	4/23/2017		14.15	%		4,824		4,824		4,744
Loan ID 3763	4/23/2017		11.19	%		7,044		7,044		6,970
Loan ID 3764	4/24/2019		26.44	%		9,580		9,580		9,494
Loan ID 3766	4/24/2017		22.54	%		3,593		3,593		3,463
Loan ID 3767	4/24/2019		12.64	%		14,083		14,083		14,037
Loan ID 3768	4/24/2017		15.70	%		3,995		3,995		3,899
Loan ID 3769	4/24/2019		14.50	%		11,301		11,301		11,264
Loan ID 3770	4/24/2019		17.45	%		4,730		4,730		4,689
Loan ID 3771	4/24/2017		13.85	%		22,122		22,122		21,751
Loan ID 3772	4/24/2019		15.70	%		18,871		18,871		18,706
Loan ID 3773	4/24/2017		15.35	%		6,654		6,654		6,493

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3774	4/24/2017		11.99	%		8,814		8,814		8,721
Loan ID 3775	4/24/2017		11.59	%		14,980		14,980		14,822
Loan ID 3776	4/24/2017		14.15	%		5,312		5,312		5,223
Loan ID 3777	4/24/2017		18.90	%		8,928		8,928		8,712
Loan ID 3778	4/24/2017		10.89	%		8,800		8,800		8,707
Loan ID 3779	4/24/2019		12.64	%		28,165		28,165		28,073
Loan ID 3780	4/24/2019		27.24	%		7,671		7,671		7,602
Loan ID 3781	4/24/2019		13.05	%		11,274		11,274		11,237
Loan ID 3782	4/24/2019		19.20	%		7,589		7,589		7,523
Loan ID 3783	4/24/2019		23.44	%		6,680		6,680		6,602
Loan ID 3784	4/24/2017		16.75	%		13,342		13,342		13,019
Loan ID 3785	4/24/2017		13.85	%		13,273		13,273		13,050
Loan ID 3786	4/24/2017		15.35	%		8,873		8,873		8,658
Loan ID 3787	4/24/2019		13.85	%		11,289		11,289		11,252
Loan ID 3788	4/24/2019		20.30	%		9,501		9,501		9,391
Loan ID 3789	4/24/2017		12.24	%		3,122		3,122		3,070
Loan ID 3790	4/24/2017		13.85	%		17,697		17,697		17,400
Loan ID 3791	4/24/2019		10.89	%		14,041		14,041		13,984
Loan ID 3792	4/24/2019		14.85	%		32,979		32,979		32,871
Loan ID 3793	4/24/2019		11.59	%		30,530		30,530		30,407
Loan ID 3794	4/24/2019		12.24	%		15,011		15,011		14,962
Loan ID 3795	4/24/2017		10.29	%		8,790		8,790		8,697
Loan ID 3796	4/24/2017		10.89	%		22,001		22,001		21,768
Loan ID 3797	4/24/2019		16.05	%		28,321		28,321		28,075
Loan ID 3798	4/24/2017		9.80	%		17,564		17,564		17,379
Loan ID 3799	4/24/2017		15.35	%		5,324		5,324		5,195
Loan ID 3800	4/24/2017		10.29	%		10,548		10,548		10,437
Loan ID 3801	4/24/2017		9.80	%		17,564		17,564		17,379
Loan ID 3802	4/24/2017		13.50	%		5,306		5,306		5,217
Loan ID 3803	4/24/2017		18.55	%		4,461		4,461		4,353
Loan ID 3804	4/24/2017		22.54	%		9,192		9,192		8,859
Loan ID 3805	4/24/2019		25.04	%		9,084		9,084		9,003
Loan ID 3806	4/24/2017		19.20	%		9,826		9,826		9,588
Loan ID 3807	4/24/2019		16.05	%		14,161		14,161		14,038
Loan ID 3808	4/24/2017		17.90	%		1,037		1,037		1,012
Loan ID 3809	4/24/2017		10.29	%		13,185		13,185		13,046
Loan ID 3810	4/24/2019		16.75	%		23,627		23,627		23,421
Loan ID 3811	4/24/2019		11.59	%		13,870		13,870		13,814
Loan ID 3812	4/24/2017		13.85	%		13,273		13,273		13,050
Loan ID 3813	4/24/2019		11.59	%		9,372		9,372		9,334
Loan ID 3814	4/24/2017		11.99	%		13,228		13,228		13,088
Loan ID 3815	4/24/2017		9.20	%		4,386		4,386		4,340
Loan ID 3816	4/24/2019		11.59	%		14,058		14,058		14,001
Loan ID 3817	4/24/2017		11.19	%		12,808		12,808		12,673
Loan ID 3818	4/24/2017		14.85	%		4,432		4,432		4,358
Loan ID 3819	4/24/2017		13.50	%		8,843		8,843		8,695
Loan ID 3820	4/24/2019		26.44	%		9,580		9,580		9,494
Loan ID 3821	4/24/2019		11.59	%		16,401		16,401		16,334
Loan ID 3822	4/24/2017		12.24	%		8,822		8,822		8,674
Loan ID 3824	4/24/2017		12.24	%		4,411		4,411		4,337
Loan ID 3825	4/24/2019		16.35	%		12,278		12,278		12,172
Loan ID 3826	4/24/2017		23.44	%		3,599		3,599		3,468
Loan ID 3827	4/24/2019		17.45	%		23,652		23,652		23,447
Loan ID 3828	4/24/2019		18.55	%		14,215		14,215		14,091
Loan ID 3829	4/24/2017		11.59	%		30,841		30,841		30,515
Loan ID 3830	4/24/2017		11.19	%		3,786		3,786		3,746
Loan ID 3831	4/24/2017		8.74	%		10,517		10,517		10,406
Loan ID 3832	4/24/2017		14.85	%		13,297		13,297		13,074
Loan ID 3833	4/24/2017		14.85	%		26,594		26,594		26,148
Loan ID 3834	4/24/2017		11.19	%		26,432		26,432		26,153

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3835	4/24/2019		14.15	%		3,294		3,294		3,283
Loan ID 3836	4/24/2017		12.24	%		21,995		21,995		21,626
Loan ID 3837	4/24/2019		14.15	%		5,647		5,647		5,629
Loan ID 3838	4/24/2017		14.85	%		2,216		2,216		2,179
Loan ID 3839	4/24/2017		9.80	%		26,346		26,346		26,068
Loan ID 3840	4/24/2019		12.64	%		13,354		13,354		13,311
Loan ID 3841	4/24/2019		21.00	%		16,168		16,168		15,980
Loan ID 3842	4/24/2017		14.50	%		2,658		2,658		2,613
Loan ID 3843	4/24/2019		14.15	%		32,942		32,942		32,834
Loan ID 3844	4/24/2017		19.20	%		2,590		2,590		2,528
Loan ID 3845	4/24/2017		13.50	%		6,190		6,190		6,086
Loan ID 3846	4/24/2017		11.59	%		14,099		14,099		13,950
Loan ID 3847	4/24/2017		25.74	%		9,030		9,030		8,732
Loan ID 3848	4/24/2019		16.75	%		16,350		16,350		16,208
Loan ID 3849	4/24/2017		8.74	%		8,764		8,764		8,672
Loan ID 3850	4/24/2017		26.44	%		3,616		3,616		3,497
Loan ID 3851	4/24/2017		21.00	%		13,440		13,440		12,953
Loan ID 3852	4/24/2017		10.29	%		15,823		15,823		15,655
Loan ID 3853	4/24/2019		13.05	%		3,758		3,758		3,746
Loan ID 3854	4/24/2017		26.44	%		3,616		3,616		3,497
Loan ID 3855	4/24/2017		9.80	%		9,534		9,534		9,433
Loan ID 3856	4/24/2019		15.70	%		14,153		14,153		14,030
Loan ID 3857	4/24/2017		10.29	%		15,823		15,823		15,655
Loan ID 3858	4/24/2017		19.20	%		13,399		13,399		13,075
Loan ID 3859	4/24/2017		8.74	%		17,528		17,528		17,343
Loan ID 3860	4/24/2017		18.25	%		7,135		7,135		6,962
Loan ID 3861	4/24/2019		22.54	%		23,827		23,827		23,550
Loan ID 3862	4/24/2017		18.90	%		13,392		13,392		13,068
Loan ID 3863	4/24/2019		15.70	%		14,153		14,153		14,030
Loan ID 3864	4/24/2019		11.99	%		28,134		28,134		28,021
Loan ID 3865	4/24/2017		10.29	%		21,976		21,976		21,744
Loan ID 3866	4/24/2017		22.54	%		8,983		8,983		8,658
Loan ID 3867	4/24/2017		12.24	%		3,529		3,529		3,470
Loan ID 3868	4/24/2017		10.89	%		7,040		7,040		6,966
Loan ID 3869	4/24/2017		16.75	%		22,237		22,237		21,699
Loan ID 3870	4/24/2017		13.05	%		30,925		30,925		30,406
Loan ID 3871	4/24/2019		9.80	%		18,684		18,684		18,609
Loan ID 3872	4/24/2019		15.70	%		16,984		16,984		16,836
Loan ID 3873	4/24/2019		19.60	%		9,491		9,491		9,381
Loan ID 3874	4/24/2017		11.99	%		3		3		3
Loan ID 3875	4/24/2017		12.24	%		11,469		11,469		11,277
Loan ID 3876	4/24/2017		15.35	%		7,098		7,098		6,926
Loan ID 3877	4/24/2017		8.74	%		21,911		21,911		21,679
Loan ID 3878	4/24/2019		15.70	%		14,153		14,153		14,030
Loan ID 3879	4/25/2017		14.85	%		4,432		4,432		4,358
Loan ID 3880	4/25/2017		11.59	%		7,931		7,931		7,847
Loan ID 3881	4/25/2019		16.75	%		17,011		17,011		16,863
Loan ID 3882	4/25/2017		13.05	%		15,462		15,462		15,203
Loan ID 3883	4/25/2019		15.70	%		14,153		14,153		14,030
Loan ID 3884	4/25/2017		14.50	%		4,138		4,138		4,069
Loan ID 3885	4/25/2019		17.90	%		15,148		15,148		15,016
Loan ID 3886	4/25/2019		18.90	%		23,704		23,704		23,498
Loan ID 3887	4/25/2017		16.75	%		17,790		17,790		17,359
Loan ID 3888	4/25/2019		17.45	%		20,832		20,832		20,651
Loan ID 3889	4/25/2017		12.64	%		5,438		5,438		5,346
Loan ID 3890	4/25/2017		17.90	%		5,348		5,348		5,218
Loan ID 3891	4/25/2017		23.44	%		8,996		8,996		8,671
Loan ID 3892	4/25/2019		11.99	%		14,067		14,067		14,010
Loan ID 3893	4/25/2017		9.20	%		13,158		13,158		13,019
Loan ID 3894	4/25/2017		8.74	%		13,146		13,146		13,008

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3895	4/25/2019		17.90	%		10,509		10,509		10,417
Loan ID 3896	4/25/2017		14.15	%		7,083		7,083		6,964
Loan ID 3897	4/25/2017		14.85	%		14,649		14,649		14,403
Loan ID 3898	4/25/2019		13.50	%		32,906		32,906		32,799
Loan ID 3899	4/25/2019		19.20	%		12,331		12,331		12,223
Loan ID 3900	4/25/2019		10.89	%		18,721		18,721		18,645
Loan ID 3901	4/25/2017		10.29	%		14,064		14,064		13,916
Loan ID 3902	4/25/2019		17.90	%		14,201		14,201		14,078
Loan ID 3903	4/25/2019		22.54	%		8,578		8,578		8,478
Loan ID 3904	4/25/2019		18.55	%		23,692		23,692		23,485
Loan ID 3905	4/25/2017		11.99	%		3,527		3,527		3,490
Loan ID 3906	4/25/2017		10.29	%		3,956		3,956		3,914
Loan ID 3907	4/25/2019		14.85	%		11,306		11,306		11,269
Loan ID 3908	4/25/2017		21.00	%		22,400		22,400		21,589
Loan ID 3909	4/25/2017		23.44	%		2,699		2,699		2,601
Loan ID 3910	4/25/2017		13.05	%		17,671		17,671		17,375
Loan ID 3911	4/25/2019		15.70	%		23,588		23,588		23,383
Loan ID 3912	4/25/2017		19.20	%		6,253		6,253		6,102
Loan ID 3913	4/25/2017		27.24	%		9,051		9,051		8,753
Loan ID 3914	4/25/2019		17.45	%		28,383		28,383		28,136
Loan ID 3915	4/25/2019		16.05	%		9,440		9,440		9,358
Loan ID 3916	4/25/2017		10.89	%		17,601		17,601		17,415
Loan ID 3917	4/25/2017		17.45	%		8,906		8,906		8,690
Loan ID 3918	4/25/2019		18.90	%		14,222		14,222		14,099
Loan ID 3919	4/25/2019		13.50	%		13,947		13,947		13,902
Loan ID 3920	4/25/2017		19.60	%		22,347		22,347		21,538
Loan ID 3921	4/25/2017		8.74	%		14,651		14,651		14,496
Loan ID 3922	4/25/2019		13.85	%		28,222		28,222		28,130
Loan ID 3923	4/25/2019		15.70	%		18,871		18,871		18,706
Loan ID 3924	4/25/2017		18.55	%		8,923		8,923		8,707
Loan ID 3925	4/25/2017		11.99	%		17,637		17,637		17,450
Loan ID 3926	4/25/2017		18.55	%		3,569		3,569		3,483
Loan ID 3927	4/25/2019		14.85	%		14,134		14,134		14,088
Loan ID 3928	4/25/2017		21.00	%		8,960		8,960		8,636
Loan ID 3929	4/25/2019		14.15	%		18,824		18,824		18,762
Loan ID 3930	4/25/2019		11.99	%		18,756		18,756		18,681
Loan ID 3931	4/25/2019		14.15	%		20,966		20,966		20,898
Loan ID 3933	4/25/2017		11.99	%		13,228		13,228		13,088
Loan ID 3936	4/25/2017		11.19	%		22,013		22,013		21,780
Loan ID 3937	4/25/2019		22.54	%		9,531		9,531		9,420
Loan ID 3938	4/25/2017		28.00	%		3,625		3,625		3,505
Loan ID 3939	4/25/2019		11.19	%		18,731		18,731		18,655
Loan ID 3940	4/25/2019		23.44	%		19,085		19,085		18,863
Loan ID 3941	4/25/2019		13.85	%		12,700		12,700		12,658
Loan ID 3942	4/25/2019		11.19	%		876		876		873
Loan ID 3943	4/25/2019		14.15	%		30,118		30,118		30,020
Loan ID 3944	4/25/2017		13.05	%		22,089		22,089		21,719
Loan ID 3945	4/28/2017		28.00	%		1,812		1,812		1,753
Loan ID 3946	4/28/2017		22.54	%		3,593		3,593		3,463
Loan ID 3947	4/28/2017		11.99	%		15,873		15,873		15,705
Loan ID 3948	4/28/2017		17.90	%		13,369		13,369		13,046
Loan ID 3949	4/28/2019		16.05	%		14,161		14,161		14,038
Loan ID 3950	4/28/2017		13.50	%		2,211		2,211		2,174
Loan ID 3951	4/28/2019		15.35	%		11,316		11,316		11,218
Loan ID 3952	4/28/2017		14.50	%		3,544		3,544		3,484
Loan ID 3953	4/28/2019		13.85	%		14,111		14,111		14,065
Loan ID 3954	4/28/2017		14.15	%		19,478		19,478		19,151
Loan ID 3955	4/28/2017		8.74	%		8,764		8,764		8,672
Loan ID 3956	4/28/2017		8.74	%		4,382		4,382		4,336
Loan ID 3957	4/28/2017		12.64	%		21,191		21,191		20,836

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 3958	4/28/2019		9.80	%		14,859		14,859		14,799
Loan ID 3959	4/28/2017		10.89	%		26,638		26,638		26,357
Loan ID 3960	4/28/2017		10.89	%		31,705		31,705		31,370
Loan ID 3961	4/28/2019		17.90	%		7,574		7,574		7,508
Loan ID 3962	4/28/2019		26.44	%		9,580		9,580		9,494
Loan ID 3963	4/28/2019		28.00	%		3,839		3,839		3,805
Loan ID 3964	4/28/2019		11.99	%		28,134		28,134		28,021
Loan ID 3965	4/28/2019		13.50	%		9,402		9,402		9,371
Loan ID 3966	4/28/2019		20.30	%		19,002		19,002		18,781
Loan ID 3967	4/28/2019		14.50	%		14,126		14,126		14,080
Loan ID 3968	4/28/2017		18.55	%		13,384		13,384		13,060
Loan ID 3969	4/28/2017		12.24	%		30,879		30,879		30,361
Loan ID 3970	4/28/2017		24.24	%		3,603		3,603		3,484
Loan ID 3971	4/28/2017		15.35	%		7,098		7,098		6,926
Loan ID 3972	4/28/2019		13.85	%		18,815		18,815		18,753
Loan ID 3973	4/28/2017		10.89	%		26,401		26,401		26,122
Loan ID 3974	4/28/2019		21.00	%		8,084		8,084		7,990
Loan ID 3975	4/28/2017		17.15	%		3,560		3,560		3,474
Loan ID 3976	4/28/2019		12.24	%		9,382		9,382		9,352
Loan ID 3977	4/28/2019		12.64	%		23,471		23,471		23,395
Loan ID 3978	4/28/2019		13.50	%		30,086		30,086		29,988
Loan ID 3979	4/28/2017		10.89	%		30,801		30,801		30,475
Loan ID 3980	4/28/2017		10.89	%		17,601		17,601		17,415
Loan ID 3981	4/28/2017		13.05	%		11,486		11,486		11,294
Loan ID 3982	4/28/2017		25.74	%		3,728		3,728		3,605
Loan ID 3983	4/28/2017		11.59	%		11,455		11,455		11,334
Loan ID 3984	4/28/2017		19.20	%		13,399		13,399		13,075
Loan ID 3985	4/28/2019		14.15	%		18,770		18,770		18,709
Loan ID 3986	4/28/2017		8.74	%		21,911		21,911		21,679
Loan ID 3987	4/28/2017		22.54	%		3,677		3,677		3,544
Loan ID 3988	4/28/2019		13.85	%		11,512		11,512		11,474
Loan ID 3989	4/28/2019		14.15	%		14,118		14,118		14,072
Loan ID 3990	4/28/2017		13.05	%		7,069		7,069		6,950
Loan ID 3991	4/28/2017		15.35	%		13,288		13,288		12,967
Loan ID 3992	4/28/2017		19.20	%		10,719		10,719		10,460
Loan ID 3993	4/28/2017		18.25	%		8,918		8,918		8,702
Loan ID 3994	4/28/2017		8.74	%		7,087		7,087		7,012
Loan ID 3995	4/28/2019		13.85	%		23,518		23,518		23,442
Loan ID 3996	4/28/2017		14.85	%		13,297		13,297		13,074
Loan ID 3997	4/28/2017		11.59	%		17,624		17,624		17,437
Loan ID 3998	4/28/2019		11.19	%		11,800		11,800		11,753
Loan ID 3999	4/28/2017		11.99	%		17,637		17,637		17,450
Loan ID 4000	4/28/2017		22.54	%		3,593		3,593		3,463
Loan ID 4001	4/28/2017		10.89	%		28,161		28,161		27,863
Loan ID 4002	4/29/2017		9.20	%		6,992		6,992		6,918
Loan ID 4003	4/29/2017		11.59	%		13,214		13,214		13,074
Loan ID 4004	4/29/2017		11.19	%		15,849		15,849		15,682
Loan ID 4005	4/29/2017		15.70	%		8,878		8,878		8,663
Loan ID 4006	4/29/2017		10.89	%		17,598		17,598		17,412
Loan ID 4007	4/29/2017		15.70	%		3,549		3,549		3,463
Loan ID 4008	4/29/2019		14.15	%		16,941		16,941		16,886
Loan ID 4009	4/29/2019		20.30	%		23,752		23,752		23,476
Loan ID 4010	4/29/2017		11.59	%		15,861		15,861		15,694
Loan ID 4011	4/29/2017		14.50	%		13,289		13,289		13,066
Loan ID 4012	4/29/2017		14.85	%		28,055		28,055		27,585
Loan ID 4013	4/29/2017		9.20	%		14,035		14,035		13,887
Loan ID 4015	4/29/2019		17.45	%		21,287		21,287		21,102
Loan ID 4016	4/29/2017		11.59	%		30,841		30,841		30,515
Loan ID 4017	4/29/2017		8.74	%		21,034		21,034		20,812
Loan ID 4018	4/29/2019		27.24	%		9,589		9,589		9,503

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 4019	4/29/2017		23.44	%		4,048		4,048		3,902
Loan ID 4020	4/29/2017		13.05	%		26,507		26,507		26,062
Loan ID 4021	4/29/2019		16.35	%		17,607		17,607		17,454
Loan ID 4022	4/29/2019		17.15	%		23,641		23,641		23,436
Loan ID 4023	4/29/2019		25.74	%		3,297		3,297		3,267
Loan ID 4024	4/29/2017		11.59	%		22,030		22,030		21,797
Loan ID 4025	4/29/2019		11.59	%		15,932		15,932		15,868
Loan ID 4026	4/29/2019		13.85	%		14,111		14,111		14,065
Loan ID 4027	4/29/2019		13.05	%		23,487		23,487		23,410
Loan ID 4028	4/29/2017		8.74	%		3,944		3,944		3,902
Loan ID 4029	4/29/2017		13.05	%		8,836		8,836		8,687
Loan ID 4030	4/29/2019		14.85	%		23,556		23,556		23,480
Loan ID 4031	4/29/2017		9.80	%		20,767		20,767		20,547
Loan ID 4032	4/29/2017		21.85	%		2,692		2,692		2,594
Loan ID 4033	4/29/2019		19.60	%		14,237		14,237		14,072
Loan ID 4034	4/29/2017		14.50	%		22,145		22,145		21,773
Loan ID 4035	4/29/2017		11.19	%		30,818		30,818		30,493
Loan ID 4036	4/29/2019		17.15	%		28,370		28,370		28,123
Loan ID 4037	4/29/2017		24.24	%		3,603		3,603		3,484
Loan ID 4038	4/29/2019		13.05	%		11,274		11,274		11,237
Loan ID 4039	4/30/2017		11.19	%		9,048		9,048		8,952
Loan ID 4040	4/30/2017		8.74	%		9,014		9,014		8,919
Loan ID 4041	4/30/2019		13.05	%		23,793		23,793		23,715
Loan ID 4042	4/30/2017		11.19	%		9,500		9,500		9,400
Loan ID 4043	4/30/2017		14.85	%		10,733		10,733		10,553
Loan ID 4044	4/30/2017		11.59	%		22,632		22,632		22,393
Loan ID 4045	4/30/2017		20.30	%		4,124		4,124		3,975
Loan ID 4046	4/30/2017		21.00	%		11,943		11,943		11,510
Loan ID 4047	4/30/2017		11.59	%		3,621		3,621		3,583
Loan ID 4048	4/30/2017		10.29	%		3,614		3,614		3,576
Loan ID 4049	4/30/2017		15.70	%		7,286		7,286		7,109
Loan ID 4050	4/30/2019		17.45	%		19,140		19,140		18,974
Loan ID 4051	4/30/2017		11.99	%		10,870		10,870		10,755
Loan ID 4052	4/30/2019		13.50	%		11,427		11,427		11,390
Loan ID 4054	4/30/2017		9.80	%		8,126		8,126		8,040
Loan ID 4055	4/30/2019		13.85	%		23,818		23,818		23,740
Loan ID 4056	4/30/2017		23.44	%		9,203		9,203		8,869
Loan ID 4057	4/30/2017		8.74	%		9,014		9,014		8,919
Loan ID 4058	4/30/2017		11.59	%		13,579		13,579		13,436
Loan ID 4059	4/30/2017		10.89	%		17,183		17,183		17,001
Loan ID 4060	4/30/2019		18.25	%		9,029		9,029		8,951
Loan ID 4061	4/30/2017		16.05	%		13,667		13,667		13,336
Loan ID 4062	4/30/2019		16.35	%		14,336		14,336		14,211
Loan ID 4063	4/30/2017		10.29	%		9,035		9,035		8,940
Loan ID 4064	4/30/2017		11.19	%		13,571		13,571		13,428
Loan ID 4065	4/30/2019		26.44	%		9,665		9,665		9,578
Loan ID 4066	4/30/2019		13.85	%		18,578		18,578		18,517
Loan ID 4067	4/30/2017		18.90	%		7,318		7,318		7,141
Loan ID 4068	4/30/2019		17.15	%		14,350		14,350		14,225
Loan ID 4069	5/1/2017		11.59	%		9,056		9,056		8,960
Loan ID 4070	5/1/2019		15.35	%		23,874		23,874		23,666
Loan ID 4071	5/1/2017		14.85	%		18,182		18,182		17,877
Loan ID 4072	5/1/2019		16.05	%		5,735		5,735		5,685
Loan ID 4073	5/1/2017		11.99	%		9,061		9,061		8,966
Loan ID 4074	5/1/2017		23.44	%		5,452		5,452		5,254
Loan ID 4075	5/1/2019		19.60	%		23,999		23,999		23,721
Loan ID 4076	5/1/2019		15.70	%		23,885		23,885		23,677
Loan ID 4077	5/1/2017		16.75	%		13,687		13,687		13,356
Loan ID 4078	5/1/2017		16.05	%		7,987		7,987		7,794
Loan ID 4079	5/1/2017		8.74	%		18,033		18,033		17,843

Loan ID	Maturity	Interest Rate			Par / Shares		Cost		Fair Value
Loan ID 4080	5/1/2019		19.20	%		23,988		23,988		23,779
Loan ID 4081	5/1/2017		17.90	%		13,710		13,710		13,378
Loan ID 4082	5/2/2019		23.44	%		9,642		9,642		9,530
Loan ID 4083	5/2/2017		12.64	%		22,676		22,676		22,295
Loan ID 4084	5/2/2017		13.50	%		27,246		27,246		26,789
Loan ID 4085	5/2/2019		18.90	%		14,388		14,388		14,263
Loan ID 4086	5/2/2017		13.05	%		14,068		14,068		13,832
Loan ID 4087	5/2/2019		23.44	%		5,783		5,783		5,716
Loan ID 4089	5/2/2017		11.59	%		18,112		18,112		17,921
Loan ID 4090	5/2/2017		29.50	%		3,712		3,712		3,574
Loan ID 4091	5/2/2017		23.44	%		13,814		13,814		13,314
Loan ID 4092	5/2/2019		14.50	%		11,447		11,447		11,410
Loan ID 4093	5/2/2017		9.80	%		4,516		4,516		4,468
Loan ID 4094	5/2/2017		12.24	%		9,065		9,065		8,913
Loan ID 4095	5/2/2017		12.24	%		6,345		6,345		6,239
Loan ID 4096	5/5/2017		12.64	%		8,664		8,664		8,519
Loan ID 4097	5/5/2017		17.45	%		13,701		13,701		13,370
Loan ID 4098	5/5/2017		8.74	%		10,820		10,820		10,706
Loan ID 4099	5/5/2019		17.15	%		28,714		28,714		28,464
Loan ID 4100	5/6/2017		13.85	%		13,630		13,630		13,401
Loan ID 4101	5/6/2019		13.50	%		9,543		9,543		9,512
Loan ID 4102	5/7/2019		18.55	%		23,969		23,969		23,761
Loan ID 4103	5/13/2019		18.55	%		7,191		7,191		7,128
Total					41,228,257		41,228,257		40,711,244

	(1)	Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
		Financial Assets are valued by the level of risk associated with the underlying loan measured by the estimated loss rate. The estimated loss rate is based on the historical performance of loans with similar characteristics, the borrowers credit score obtained from an official credit reporting agency at origination, debt-to-income ratios at origination, information from the borrower's credit report at origination, as well as the borrower's self-reported income range, occupation and employment status at origination. Financial Asset risk ratings are assigned on a scale from A through F, with A having the lowest level of risk and F having the highest level of risk. As of September 30, 2014, 26.4%, 30.0%, 31.5%, 7.8%, 3.9% and 0.4% of the total fair value of Financial Assets was comprised of A, B, C, D, E and F risk rated loans, respectively.
		In a hypothetical transaction, the Company believes that the fair value of each individual consumer loan as disclosed above as of the measurement date could differ from the fair value of each individual consumer loan as of the transaction date. In addition, the Company believes that the fair value of the portfolio of consumer loans as of the measurement date could differ from the sum of the fair value of each individual consumer loan as disclosed above as of the transaction date.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

FORM 10-Q

Garrison Capital Inc.

Table of Contents

Garrison Capital Inc. and Subsidiaries Consolidated Statements of Financial Condition

Part I. Financial Information

Item 1. Financial Statements

Garrison Capital Inc. and Subsidiaries Consolidated Schedule of Investments September 30, 2014 (unaudited)

Garrison Capital Inc. and Subsidiaries Consolidated Schedule of Investments – (continued) September 30, 2014 (unaudited)

Garrison Capital Inc. and Subsidiaries Consolidated Schedule of Investments – (continued) September 30, 2014 (unaudited)

Garrison Capital Inc. and Subsidiaries Consolidated Schedule of Investments – (continued) September 30, 2014 (unaudited)

Garrison Capital Inc. and Subsidiaries Consolidated Schedule of Investments – (continued) September 30, 2014 (unaudited)

Garrison Capital Inc. and Subsidiaries Consolidated Schedule of Investments – (continued) September 30, 2014 (unaudited)

Garrison Capital Inc. and Subsidiaries Consolidated Schedule of Investments – (continued) September 30, 2014 (unaudited)

Garrison Capital Inc. and Subsidiaries Consolidated Schedule of Investments December 31, 2013

Garrison Capital Inc. and Subsidiaries Consolidated Schedule of Investments – (continued) December 31, 2013

Garrison Capital Inc. and Subsidiaries Consolidated Schedule of Investments – (continued) December 31, 2013

Garrison Capital Inc. and Subsidiaries Consolidated Schedule of Investments – (continued) December 31, 2013

Garrison Capital Inc. and Subsidiaries Consolidated Schedule of Investments – (continued) December 31, 2013

Garrison Capital Inc. and Subsidiaries Consolidated Schedule of Investments – (continued) December 31, 2013

Garrison Capital Inc. and Subsidiaries Consolidated Schedule of Investments – (continued) December 31, 2013

Garrison Capital Inc. and Subsidiaries Consolidated Statements of Operations (unaudited) For the three and nine months ended September 30, 2014 and September 30, 2013

Garrison Capital Inc. and Subsidiaries Consolidated Statements of Changes in Net Assets (unaudited) For the nine months ended September 30, 2014 and September 30, 2013

Garrison Capital Inc. and Subsidiaries Consolidated Statements of Cash Flows (unaudited) For the nine months ended September 30, 2014 and September 30, 2013

Supplemental disclosure of non-cash information

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

1. Organization

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

1. Organization – (continued)

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

1. Organization – (continued)

2. Significant Accounting Policies and Recent Updates

Basis of Presentation

Basis for Consolidation

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

Investment Classification

Use of Estimates

Cash and Cash Equivalents

Cash and Cash Equivalents, Restricted

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

Investment Transactions and Related Investment Income and Expense

Interest Expense

Expenses

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

Loan Origination, Facility, Commitment and Amendment Fees

Valuation of Investments

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

Offering Costs

Dividends and Distributions

Income Taxes

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

2. Significant Accounting Policies and Recent Updates – (continued)

Recent Accounting Pronouncements

3. Investments

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

3. Investments – (continued)

4. Fair Value of Financial Instruments

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

4. Fair Value of Financial Instruments – (continued)

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

4. Fair Value of Financial Instruments – (continued)

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

4. Fair Value of Financial Instruments – (continued)

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

4. Fair Value of Financial Instruments – (continued)

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

4. Fair Value of Financial Instruments – (continued)

Garrison Capital Inc. and Subsidiaries Notes to Consolidated Financial Statements (unaudited) September 30, 2014

4. Fair Value of Financial Instruments – (continued)

5. Indemnifications

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Garrison Capital Inc. and Subsidiaries

Consolidated Statements of Financial Condition

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments

September 30, 2014 (unaudited)

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

September 30, 2014 (unaudited)

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

September 30, 2014 (unaudited)

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

September 30, 2014 (unaudited)

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

September 30, 2014 (unaudited)

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

September 30, 2014 (unaudited)

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

September 30, 2014 (unaudited)

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments

December 31, 2013

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

December 31, 2013

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

December 31, 2013

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

December 31, 2013

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

December 31, 2013

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

December 31, 2013

Garrison Capital Inc. and Subsidiaries

Consolidated Schedule of Investments – (continued)

December 31, 2013

Garrison Capital Inc. and Subsidiaries

Consolidated Statements of Operations (unaudited)

For the three and nine months ended September 30, 2014 and September 30, 2013

Garrison Capital Inc. and Subsidiaries

Consolidated Statements of Changes in Net Assets (unaudited)

For the nine months ended September 30, 2014 and September 30, 2013

Garrison Capital Inc. and Subsidiaries

Consolidated Statements of Cash Flows (unaudited)

For the nine months ended September 30, 2014 and September 30, 2013

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014

Garrison Capital Inc. and Subsidiaries

Notes to Consolidated Financial Statements (unaudited)

September 30, 2014