X0206 3 2019-11-14 1 0001784797 Broadmark Realty Capital Inc. BRMK 0001191838 LUEBBERS KEVIN M C/O BROADMARK REALTY CAPITAL INC. 1420 FIFTH AVENUE, SUITE 2000 SEATTLE WA 98101 true Mr. Luebbers does not beneficially own any shares of common stock (the "Common Stock") or warrants (the "Warrants") issued by Broadmark Realty Capital Inc. (the "Company"). However, Mr. Luebbers served as a consultant to Trinity Real Estate Investments LLC ("Trinity Investments") from October 2019 to November 2019, pursuant to a consulting agreement. Mr. Luebbers's consulting agreement provides for a success fee payable by Trinity Investments to Mr. Luebbers in connection with the completion of the business combination, pursuant to which Mr. Luebbers will receive 137,305 shares of Common Stock and 259 Warrants held by HN Investors LLC and expected to be transferred to Trinity Investments following the expiration of the lock-up agreement to which HN Investors LLC is a party. These shares of Common Stock and the Warrants are expected to represent, in the aggregate, a less than 1% beneficial ownership interest by Mr. Luebbers in the Company. Instead of transferring these securities to Mr. Luebbers, Trinity Investments may, at its election, pay the success fee in cash in an amount equal to the value of these securities. /s/ Kevin Luebbers 2019-11-18