# EDGAR Filing Document

**Accession Number:** 0001885551
**File Stem:** 0001885551-25-000009
**Filing Date:** 2025-8
**Character Count:** 30086
**Document Hash:** 60830f81d5d7c179c24bab322f495918
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001885551-25-000009.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001885551-25-000009

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250821

**DATE AS OF CHANGE**: 20250821

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fundrise Income Real Estate Fund, LLC
- **CENTRAL INDEX KEY:** 0001885551

**ORGANIZATION NAME:**
- **EIN:** 872377776
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23745
- **FILM NUMBER:** 251239201

**BUSINESS ADDRESS:**
- **STREET 1:** 11 DUPONT CIRCLE NW
- **STREET 2:** 9TH FLOOR
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036
- **BUSINESS PHONE:** 202-584-0550

**MAIL ADDRESS:**
- **STREET 1:** 11 DUPONT CIRCLE NW
- **STREET 2:** 9TH FLOOR
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** FUNDRISE INCOME REAL ESTATE FUND, LLC

- **b. Investment Company Act file number:** 811-23745

- **c. CIK number of Registrant:** 0001885551

- **d. LEI of Registrant:** 54930027HHLRQVAULP49

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 11 DUPONT CIRCLE NW

  - **City:** WASHINGTON

  - **State:** DC

  - **Foreign country:** US

  - **Zip / Postal Code:** 20036

  - **Telephone number:** 202-584-0550

**Item A.2. Information about the Series.**

- **a. Name of Series:** FUNDRISE INCOME REAL ESTATE FUND, LLC

- **c. LEI of Series:** 54930027HHLRQVAULP49

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $657729970.82

**Total Liabilities:** $37882472.46

**Net Assets:** $619847498.36

**Cash Not Reported:** $1926772.54

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.0 | **1-Year:** 0.0 | **5-Year:** 0.0 | **10-Year:** 0.0 | **30-Year:** 0.0

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.0 | **1-Year:** 0.0 | **5-Year:** 0.0 | **10-Year:** 0.0 | **30-Year:** 0.0

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.32%                | 0.84%                | 0.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-141901.64              | $-913867.59                                |
| Month 2  | $0.00                    | $1324891.41                                |
| Month 3  | $3503702.65              | $-1979585.81                               |

### Schedule of Portfolio Investments

| Name                                                           | Title                                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACREC 2025 FL3 LLC (D Class)                                   | ACREC 2025 FL3 LLC (D Class)                                   | CUSIP: 00112HAJ6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4200000 | PA      | $4189500.00   | 0.68%             | 2027-01-18      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| ACREC 2025 FL3 LLC (E Class)                                   | ACREC 2025 FL3 LLC (E Class)                                   | CUSIP: 00112HAL1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $2493750.00   | 0.40%             | 2027-01-18      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| AGNC Investment Corp                                           | AGNC Investment Corp.                                          | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |   1061250 | NS      | $9752887.50   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES Commercial Mortgage Trust 2024-IND (D Class)              | ARES Commercial Mortgage Trust 2024-IND (D Class)              | CUSIP: 03990DAG2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  10000000 | PA      | $10049413.00  | 1.62%             | 2026-07-15      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust 2024-IND (E Class)              | ARES Commercial Mortgage Trust 2024-IND (E Class)              | CUSIP: 03990DAQ0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  10000000 | PA      | $10032568.00  | 1.62%             | 2026-07-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust 2025-IND3 (D Class)             | ARES Commercial Mortgage Trust 2025-IND3 (D Class)             | CUSIP: 039955AJ8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5740000 | PA      | $5740331.77   | 0.93%             | 2027-04-15      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust 2025-IND3 (E Class)             | ARES Commercial Mortgage Trust 2025-IND3 (E Class)             | CUSIP: 039955AL3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5120000 | PA      | $5124595.71   | 0.83%             | 2027-04-15      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust 2024-IND2 (E Class)             | ARES Commercial Mortgage Trust 2024-IND2 (E Class)             | CUSIP: 04021EAJ5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  10000000 | PA      | $10037035.00  | 1.62%             | 2029-10-15      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| BMP 2024-MF23 (D Class)                                        | BMP 2024-MF23 (D Class)                                        | CUSIP: 05593JAG5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2000000 | PA      | $2006584.00   | 0.32%             | 2026-06-15      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-AIR2 (D Class)               | BX Commercial Mortgage Trust 2024-AIR2 (D Class)               | CUSIP: 05613QAG5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2877540 | PA      | $2891901.66   | 0.47%             | 2026-10-15      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-AIRC (D Class)               | BX Commercial Mortgage Trust 2024-AIRC (D Class)               | CUSIP: 12433CAG0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  14817063 | PA      | $14910007.26  | 2.41%             | 2026-08-15      | Floating      | 7.40%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-GPA2 (E Class)               | BX Commercial Mortgage Trust 2024-GPA2 (E Class)               | CUSIP: 12433DAJ2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4000000 | PA      | $4011584.00   | 0.65%             | 2026-11-15      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| DBGS Mortgage Trust 2024-SBL (C Class)                         | DBGS Mortgage Trust 2024-SBL (C Class)                         | CUSIP: 23306QAE5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  10000000 | PA      | $10013882.00  | 1.62%             | 2026-08-15      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| GSAT Trust 2025-BMF (D Class)                                  | GSAT Trust 2025-BMF (D Class)                                  | CUSIP: 36271XAG8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2100000 | PA      | $2105403.72   | 0.34%             | 2030-07-15      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| GSAT Trust 2025-BMF (E Class)                                  | GSAT Trust 2025-BMF (E Class)                                  | CUSIP: 36271XAJ2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $5017933.50   | 0.81%             | 2030-07-15      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| GSAT Trust 2025-BMF (F Class)                                  | GSAT Trust 2025-BMF (F Class)                                  | CUSIP: 36271XAL7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  16100000 | PA      | $16169265.42  | 2.61%             | 2030-07-15      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| JP Morgan U.S. Treasury Plus Money Market Fund, Capital Shares | JP Morgan U.S. Treasury Plus Money Market Fund, Capital Shares | CUSIP: 4812C2239<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  31014880 | NS      | $31014880.22  | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LBA Trust 2024-7IND (D Class)                                  | LBA Trust 2024-7IND (D Class)                                  | CUSIP: 52109XAL2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3500000 | PA      | $3514920.50   | 0.57%             | 2026-10-15      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| MF1 2025-FL17 LLC (E Class)                                    | MF1 2025-FL17 LLC (E Class)                                    | CUSIP: 55287HAL4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3000000 | PA      | $2992500.00   | 0.48%             | 2026-07-18      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2022-SFR2 (F Class)        | New Residential Mortgage Loan Trust 2022-SFR2 (F Class)        | CUSIP: 64830RAN2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  17000000 | PA      | $15916258.50  | 2.57%             | 2027-09-04      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Progress Residential 2022-SFR7 Trust (E1 Class)                | Progress Residential 2022-SFR7 Trust (E1 Class)                | CUSIP: 74333CAJ5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   7745000 | PA      | $7813011.94   | 1.26%             | 2027-10-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust 2025-DATA (E Class)             | SWCH Commercial Mortgage Trust 2025-DATA (E Class)             | CUSIP: 78489CAE9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  12500000 | PA      | $12417137.50  | 2.00%             | 2027-02-15      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| FR Fairfax, LLC                                                | FR Fairfax, LLC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | CORP              | US        |         1 | OU      | $3250000.00   | 0.52%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RSE Daytona Investor I, LLC                                    | RSE Daytona Investor I, LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   4160000 | PA      | $5330819.29   | 0.86%             | 2026-02-05      | Fixed         | 13.50%                | Yes           |                  3 | On Loan: No      |
| RSE Boat Club Investor, LLC                                    | RSE Boat Club Investor, LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |   7066628 | PA      | $9799101.93   | 1.58%             | 2025-09-27      | Floating      | 14.54%                | Yes           |                  3 | On Loan: No      |
| Encore Narcoossee, LLC                                         | Encore Narcoossee, LLC                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |  16392690 | PA      | $20947643.03  | 3.38%             | 2025-12-29      | Fixed         | 9.85%                 | Yes           |                  3 | On Loan: No      |
| Fundrise Lemon Creek Investor I, LLC                           | Fundrise Lemon Creek Investor I, LLC                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |  15358653 | PA      | $16128024.69  | 2.60%             | 2028-10-15      | Fixed         | 13.50%                | Yes           |                  3 | On Loan: No      |
| Breckenridge Group Springfield Missouri, LLC                   | Breckenridge Group Springfield Missouri, LLC                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   4500000 | PA      | $4500040.31   | 0.73%             | 2026-01-01      | Fixed         | 13.50%                | Yes           |                  3 | On Loan: No      |
| Fundrise Busbee Investor, LLC                                  | Fundrise Busbee Investor, LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |  10787243 | PA      | $12233488.08  | 1.97%             | 2029-01-10      | Fixed         | 15.00%                | Yes           |                  3 | On Loan: No      |
| Fundrise Insight Two LLC                                       | Fundrise Insight Two LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |         1 | OU      | $1470.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Fundrise NoDa Investor I, LLC                                  | Fundrise NoDa Investor I, LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |  14000000 | PA      | $14445852.26  | 2.33%             | 2028-07-02      | Fixed         | 13.00%                | Yes           |                  3 | On Loan: No      |
| FR MP Brandon Glen JV, LLC                                     | FR MP Brandon Glen JV, LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |         1 | OU      | $13610000.00  | 2.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Fort Myers Reef Holdings, LLC                                  | Fort Myers Reef Holdings, LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   6835000 | PA      | $9841030.52   | 1.59%             | 2028-09-01      | Fixed         | 10.90%                | Yes           |                  3 | On Loan: No      |
| Fundrise Highlands Investor I, LLC                             | Fundrise Highlands Investor I, LLC                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   1547483 | PA      | $1744591.14   | 0.28%             | 2027-02-09      | Fixed         | 15.50%                | Yes           |                  3 | On Loan: No      |
| RSE Thompson Reserve Investor I, LLC                           | RSE Thompson Reserve Investor I, LLC                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   1800000 | PA      | $2129678.12   | 0.34%             | 2026-05-11      | Fixed         | 13.85%                | Yes           |                  3 | On Loan: No      |
| The Station East Owner II, LLC                                 | The Station East Owner II, LLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  29905000 | PA      | $29931300.46  | 4.83%             | 2027-05-20      | Fixed         | 13.00%                | Yes           |                  3 | On Loan: No      |
| Fundrise East Village Investor I, LLC                          | Fundrise East Village Investor I, LLC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   1537600 | PA      | $1824983.07   | 0.29%             | 2027-04-23      | Fixed         | 14.25%                | Yes           |                  3 | On Loan: No      |
| RSE Vista Norte Investor, LLC                                  | RSE Vista Norte Investor, LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |   3017285 | PA      | $3622605.06   | 0.58%             | 2026-06-23      | Floating      | 14.54%                | Yes           |                  3 | On Loan: No      |
| RSE Palomino Investor, LLC                                     | RSE Palomino Investor, LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |   2690987 | PA      | $3265088.22   | 0.53%             | 2026-08-28      | Floating      | 14.54%                | Yes           |                  3 | On Loan: No      |
| Fundrise Pelican Investor I, LLC                               | Fundrise Pelican Investor I, LLC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   2262954 | PA      | $2457827.25   | 0.40%             | 2028-11-17      | Fixed         | 16.00%                | Yes           |                  3 | On Loan: No      |
| SFR Reflections I, LLC                                         | SFR Reflections I, LLC                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |  14570000 | PA      | $14602362.93  | 2.36%             | 2030-12-01      | Fixed         | 10.10%                | Yes           |                  3 | On Loan: No      |
| Fundrise VB Investor I, LLC                                    | Fundrise VB Investor I, LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   7286144 | PA      | $9025083.42   | 1.46%             | 2027-01-05      | Fixed         | 13.00%                | Yes           |                  3 | On Loan: No      |
| WP Walcott Hackensack Sub, LLC                                 | WP Walcott Hackensack Sub, LLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |  10730363 | PA      | $12492762.64  | 2.02%             | 2026-01-29      | Fixed         | 14.00%                | Yes           |                  3 | On Loan: No      |
| Fundrise Gainesville Investor I, LLC                           | Fundrise Gainesville Investor I, LLC                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   9160949 | PA      | $11396792.16  | 1.84%             | 2025-09-21      | Fixed         | 13.00%                | Yes           |                  3 | On Loan: No      |
| Fundrise PSL Investor I, LLC                                   | Fundrise PSL Investor I, LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |  10960094 | PA      | $13573349.82  | 2.19%             | 2026-08-05      | Fixed         | 13.00%                | Yes           |                  3 | On Loan: No      |
| Fundrise PB Investor I, LLC                                    | Fundrise PB Investor I, LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   8403132 | PA      | $10508950.13  | 1.70%             | 2026-10-08      | Fixed         | 13.00%                | Yes           |                  3 | On Loan: No      |
| Y Hotel Leveraged Lender, LLC                                  | Y Hotel Leveraged Lender, LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   2229172 | PA      | $2150000.00   | 0.35%             | 2019-11-13      | Fixed         | 15.50%                | Yes           |                  3 | On Loan: No      |
| Fundrise Mont Belvieu Investor I, LLC                          | Fundrise Mont Belvieu Investor I, LLC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |  15433652 | PA      | $16368481.32  | 2.64%             | 2028-09-26      | Fixed         | 13.50%                | Yes           |                  3 | On Loan: No      |
| Fundrise Providence Commons Investor l, LLC                    | Fundrise Providence Commons Investor l, LLC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    600000 | PA      | $621260.80    | 0.10%             | 2029-04-10      | Fixed         | 14.00%                | Yes           |                  3 | On Loan: No      |
| Liberty Hills JV, LP                                           | Liberty Hills JV, LP                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |         1 | OU      | $7478996.35   | 1.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Luxe JV, LP                                                    | Luxe JV, LP                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |         1 | OU      | $7790626.87   | 1.26%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Presley JV, LP                                                 | Presley JV, LP                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |         1 | OU      | $5118252.36   | 0.83%             |  |  |  | Yes           |                  3 | On Loan: No      |
| The View JV LP                                                 | The View JV LP                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |         1 | OU      | $6507205.19   | 1.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FR Castlewood, LLC                                             | FR Castlewood, LLC                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |   7694195 | PA      | $7629866.00   | 1.23%             | 2030-05-02      | Fixed         | 9.00%                 | Yes           |                  3 | On Loan: No      |
| FR Beeson, LLC                                                 | FR Beeson, LLC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  22659793 | PA      | $22696410.00  | 3.66%             | 2029-08-27      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| FR Cade's Bluff, LLC                                           | FR Cade's Bluff, LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |   8224022 | PA      | $8225564.00   | 1.33%             | 2030-09-23      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| FR Legacy Hills, LLC                                           | FR Legacy Hills, LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  10482344 | PA      | $10389592.00  | 1.68%             | 2030-07-29      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| FR Meadow Park, LLC                                            | FR Meadow Park, LLC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  11462150 | PA      | $11429822.00  | 1.84%             | 2029-09-01      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| FR Providence Gardens, LLC                                     | FR Providence Gardens, LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |   5847415 | PA      | $5828683.00   | 0.94%             | 2030-02-24      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| FR Trailside, LLC                                              | FR Trailside, LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |   7868198 | PA      | $7805466.00   | 1.26%             | 2030-08-22      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| FR Tom Miller, LLC                                             | FR Tom Miller, LLC                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  18344055 | PA      | $18253121.00  | 2.94%             | 2030-06-14      | Fixed         | 9.00%                 | Yes           |                  3 | On Loan: No      |
| FR Willow Landing, LLC                                         | FR Willow Landing, LLC                                         | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  13126000 | PA      | $13128836.00  | 2.12%             | 2030-09-13      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| FR Wilsons Walk, LLC                                           | FR Wilsons Walk, LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |    193009 | PA      | $191703.00    | 0.03%             | 2029-10-04      | Fixed         | 9.00%                 | Yes           |                  3 | On Loan: No      |
| Income 1 TRS, LLC                                              | Income 1 TRS, LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |         1 | OU      | $83763853.33  | 13.51%            |  |  |  | Yes           |                  3 | On Loan: No      |
| FR La Brea, LLC                                                | FR La Brea, LLC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | CORP              | US        |         1 | OU      | $3300000.00   | 0.53%             |  |  |  | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-12

**Name of Applicant:** Fundrise Income Real Estate Fund, LLC

**Signature:** /s/ Lauren Stuntebeck

**Name of Signer:** Lauren Stuntebeck

**Title:** Assistant Treasurer