May 2026 PLC 3 LLC - PLL 1 Fund Performance Report: 0.25-0.30% Returns

PLC 3 LLC - PLL 1 delivered May returns of 0.25-0.30%*, varying by tier. Leeward reports that Toronto home sales hit a 10-month high in May — a meaningful read-through for a fund whose collateral is first- and second-lien residential mortgages at roughly 75% LTV. Hugh's full update is included at the end of this report.

May 2026 Performance

Tier	May Return	YTD Return	Annualized Projection
Tier S	0.25%*	0.95%*	5.7%*
Tier A	0.27%*	1.02%*	6.1%*
Tier B	0.28%*	1.08%*	6.5%*
Tier C	0.30%*	1.15%*	6.9%*

Note: Fund inception was April 2026, so YTD figures reflect a partial year (April through May). Annualized projections represent a full 12 months at the fund's pace to date.

Historical Performance

Month	Tier S	Tier A	Tier B	Tier C
April 2026*	0.70%	0.75%	0.80%	0.85%
May 2026*	0.25%	0.27%	0.28%	0.30%

You can read more about the specifics in the included Update from Leeward at the end of this report. We encourage investors to read the updates and listen to our LIVE Fund Q&A from Thursday, June 18th with our sponsors: PLC 3 LLC - PLL 1 Monthly Investor Update – May 2026

Distribution Details

When will my return be sent? May distributions will be sent by the end of June for PLC 3 LLC - PLL 1 investors. Your May return by tier is shown in the performance table above. Please allow 3–5 business days (depending on your financial institution) for processing and posting to your account.
If you elected to reinvest your distributions, the reinvested amount will be added to your capital balance and begin earning additional returns as of July 1st.
Your exact dollar amount is available in your Cash Flow Portal, where statements are generated in real time.

Key Fund Information

Cash Flow Portal: Your investor portal is available at investors.propertyllama.com, with real-time statement generation. If you have questions about your investment or portal access, please reach out to [email protected] or any member of our team.
Portfolio Collateral: The fund lends against first- and second-lien residential mortgages at approximately 75% LTV.

We value your trust and partnership as an investor. If you have any questions or need further assistance, feel free to contact us at [email protected].