PLC 3 LLC - PLL 1 Monthly Investor Update – September 2026 Fund Performance

September 2026 PLC 3 LLC - PLL 1 Fund Performance Report: 0.58-0.71% Returns

PLC 3 LLC - PLL 1 delivered September returns of 0.58-0.71%*, varying by tier, up from August with higher fund revenue and one new loan funded. Hugh's update covers progress on the 4 Tidmarsh loan, a step back in GTA housing data for September, and the trade, geopolitical, and borrowing-cost pressures cited behind it.

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 Friday, October 16th with our sponsors: PLC 3 LLC - PLL 1 Monthly Investor Update – September 2026 Fund Performance

September 2026 Performance

Tier	September Return	YTD Return	Annualized Projection
Tier S	0.58%*	2.96%*	5.9%*
Tier A	0.62%*	3.18%*	6.4%*
Tier B	0.66%*	3.39%*	6.8%*
Tier C	0.71%*	3.61%*	7.2%*

Note: Fund inception was April 2026, so YTD figures reflect a partial year (April through September). 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%
June 2026*	0.35%	0.38%	0.41%	0.43%
July 2026*	0.52%	0.56%	0.60%	0.64%
August 2026*	0.56%	0.60%	0.64%	0.68%
September 2026*	0.58%	0.62%	0.66%	0.71%

Distribution Details

When was my return sent? September distributions were sent on October 29, 2026 for PLC 3 LLC - PLL 1 investors. Your September 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 October 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.
Current Portfolio LTV: 73.9%. The fund lends against first- and second-lien residential mortgages at approximately 75% LTV.