Exhibit 10.(1)
Date: as of May 22, 2026
CNL Strategic Residential Credit, Inc.
CNL Holdings, LLC 450 South Orange Avenue
Orlando, FL 32801 Attention: Tammy Tipton
Re: First Amendment to Loan and Security Agreement
Ladies and Gentlemen:
This amendment letter (the “Amendment”) is entered into by and among CNL Strategic Residential Credit, Inc., a Maryland corporation (“Borrower”) and CNL Holdings, LLC, a Delaware limited liability company (“Guarantor” together with Borrower, individually and collectively, as the context requires, but in each case jointly and severally, “Obligor” or “you”) and Valley National Bank (“Bank”, “we” or “us”). We refer to that certain Loan and Security Agreement by and between Borrower and Bank dated December 31, 2025 (as amended, restated, supplemented or otherwise modified, the “Loan Agreement”). Unless otherwise defined in this Amendment, capitalized terms are used as defined in the Loan Agreement.
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