The PPM states the Fund seeks current income and, to a lesser extent, capital appreciation by investing at least 80% of net assets in U.S. commercial mortgage loans sourced by the John Hancock Real Estate Finance Group and serviced by the Adviser or its affiliates. Loans are typically secured by stabilized retail, office, industrial and multifamily properties, with selective mixed use, hotel, parking and self-storage lending. Subordinate loans are permitted only as follow-on financing on property already securing a Fund loan; construction loans, CMBS and preferred equity are excluded. The Fund may lend at any credit quality, with a majority expected to be investment grade per the Adviser's internal rating.