Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 1 of 16

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

THE DISTRICT OF DELAWARE


In re	: :	Chapter 11
RAIT FUNDING, LLC,	:	Case No. 19-11915 (BLS)
a Delaware limited liability company, et. al. ⁽¹⁾	: :
Debtors.	:	Jointly Administered

Monthly Operating Report

For the Period October 1, 2019 to October 31, 2019

DEBTORS' ADDRESS:

Two Logan Square

100 N. 18th Street, 23rd Floor

Philadelphia, Pennsylvania 19103

(Attn: John J. Reyle)

DEBTORS' ATTORNEYS:

REPORT PREPARER:

Patrick A. Jackson (Del. Bar No. 4976)

Joseph N. Argentina, Jr. (Del. Bar No. 5453)

222 Delaware Avenue, Suite 1410

Wilmington, DE 19801

Tel: (302) 467-4200

Fax: (302) 467-4201

Patrick.Jackson@dbr.com

Joseph.Argentina@dbr.com

RAIT FUNDING, LLC

Michael P. Pompeo

Brian P. Morgan

1177 Avenue of the Americas, 41st Floor

New York, NY 10036-2714

Tel: (212) 248-3140

Fax: (212) 248-3141

Michael.Pompeo@dbr.com

Brian.Morgan@dbr.com

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

/s/ Alfred Dilmore11/28/2019

Alfred DilmoreDate

Chief Financial Officer

Notes:

(1)

The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification number (if applicable), are as follows: RAIT Funding, LLC, a Delaware limited liability company (9983); RAIT Financial Trust, a Maryland real estate investment trust (9819); RAIT General, Inc., a Maryland corporation (9987); RAIT Limited, Inc., a Maryland corporation (9773); Taberna Realty Finance Trust, a Maryland real estate investment trust (3577); RAIT JV TRS, LLC, a Delaware limited liability company (3190); and RAIT JV TRS Sub, LLC, a Delaware limited liability company (4870). The mailing address for all Debtors is Two Logan Square, 100 N. 18th Street, 23rd Floor, Philadelphia, Pennsylvania 19103 (Attn: John J. Reyle).

FORM Cover Page PAGE 1 OF 16

Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 2 of 16

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF DELAWARE


RAIT FUNDING LLC	Case No. 19-11915 (BLS)
Debtor	Reporting Period: 10/01/19 - 10/31/19

Monthly Operating Report


Required Documents	Form No.	Document Attached	Explanation Attached
Schedule of Cash Receipts and Disbursements	MOR-1a	x
Bank Account Reconciliation/Information	MOR-1b	N/A	x
Schedule of Professional Fees Paid	MOR-1c	x
Copies of Bank Statements		N/A	x
Cash Disbursements Journals		N/A	x
Statement of Operations	MOR-2	x
Balance Sheet	MOR-3	x
Status of Post-Petition Taxes	MOR-4a	N/A	x
Copies of IRS Form 6123		N/A	x
Copies of Tax Returns Filed During Reporting Period		N/A	x
Summary of Unpaid Post-Petition Debts	MOR-4b	x
Listing of Aged Accounts Payable	MOR-4b	x
Accounts Receivable Reconciliation and Aging	MOR-5a	x
Debtor Questionnaire	MOR-5b	x

FORM MOR

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Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 3 of 16

Global Notes and Statements of Limitations and

Disclaimers Regarding the Debtors' Monthly Operating Reports

This Monthly Operating Report ("MOR") includes activity for the following Debtors:


Debtor	Case No.
RAIT Funding, LLC	19-11915 (BLS)
RAIT Financial Trust	19-11916 (BLS)
RAIT General, Inc.	19-11917 (BLS)
RAIT Limited, Inc.	19-11918 (BLS)
Taberna Realty Finance Trust	19-11919 (BLS)
RAIT JV TRS, LLC	19-11920 (BLS)
RAIT JV TRS SUB, LLC	19-11921 (BLS)

On August 30, 2019 (the “Petition Date”), RAIT Funding LLC and 6 of its affiliates (collectively, the “Debtors”), each commenced a voluntary case under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The Debtors are authorized to operate their businesses and manage their properties as debtors in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. On September 4, 2019, the Bankruptcy Court entered an order authorizing the joint administration of these cases pursuant to Bankruptcy Rule 1015(b).

These following notes and statements and limitations should be referred to, and referenced in connection with, any review of this MOR.

Basis for Presentation. This MOR has been prepared solely for the purpose of complying with the monthly reporting requirements in these chapter 11 cases and is in a format the Debtors believe is acceptable to the United States Trustee. The financial statements and supplemental information contained herein are preliminary, unaudited and may not comply in all material respects with accounting principles generally accepted in the United States ("GAAP"). In addition, certain of the financial statements and supplemental information contained herein represent consolidated information (e.g., RAIT Financial Trust and its consolidated subsidiaries). The unaudited consolidated financial statements have been derived from the books and records of the Debtors. This information, however, has not been subject to certain procedures that would typically be applied to financial information in accordance with GAAP, and upon application of such procedures the financial information could be subject to material change. The MOR should not be relied upon by any persons for information relating to current or future financial conditions, events, or performance of any of the Debtors.

The information furnished in this report includes normal recurring adjustments, but may not include all adjustments that would typically be made for financial information in accordance with GAAP.

The consolidated results of operations contained herein are not necessarily indicative of results which may be expected for any other period or for the full year and may not necessarily reflect the consolidated results of the Debtors' operations, their financial position and the schedule of receipts and disbursements in the future. The Debtors caution readers not to place undue reliance upon the MOR. There can be no assurance that such information is complete and the MOR may be subject to revision.

Accuracy. The financial information disclosed herein was not prepared in accordance with federal or state securities laws or other applicable non‐bankruptcy law or in lieu of complying with any periodic reporting requirements thereunder. Persons and entities trading in or otherwise purchasing, selling, or transferring the claims against the Debtors should evaluate this financial information in light of the purposes for which it was prepared. The Debtors are not liable for and undertake no responsibility to indicate variations from securities laws or for any evaluations of the Debtors based on this financial information or any other information.

Liabilities Subject to Compromise. Liabilities subject to compromise have been reported at the amounts recorded on the Debtors' books and records as of the date of the report. The amounts classified as liabilities subject to compromise in the financial statements included herein are preliminary and may be subject to future adjustments depending on Bankruptcy Court actions, developments with respect to disputed claims, determinations of the secured status of certain claims, the values of any collateral securing such claims, rejection of executory contracts, reconciliation of claims, and other events.

Reservation of Rights. The Debtors reserve all rights to amend or supplement the MOR in all respects, as may be necessary or appropriate. Nothing contained in this MOR shall constitute a waiver of any of the Debtors' rights or an admission with respect to their chapter 11 cases.

Reporting Period. Unless otherwise noted herein, the MOR generally reflects the Debtors' books and records and financial activity occurring during the applicable reporting period. Except as otherwise noted, no adjustments have been made for activity occurring after the close of the reporting period.

Consolidated Entity Accounts Payable and Disbursement Systems. Cash is received and disbursed by the Debtors as described in the Motion of Debtors for

Entry of Interim and Final Orders (I) Authorizing The Debtors To (A) Continue To Operate Their Cash Management System, (B) Honor Certain Prepetition

Obligations Related Thereto, (C) Maintain Existing Business Forms, And (D) Continue To Perform Intercompany Transactions, (II) Suspending The Requirements Contained In Section 345(B) Of The Bankruptcy Code, and (III) Granting Related Relief [Docket No. 4, 32 and 122]

FORM Notes PAGE 3 OF 16

Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 4 of 16

Global Notes and Statements of Limitations (cont.)

Debtor & Non-Debtor Activities. To the best of the Debtors’ ability, the information shown in this MOR is for the 7 Debtor entities. In that regard, MOR-2 (Statement of Operations) and MOR-3 (Balance Sheet) include individual data for Debtors, with aggregated activity for all non-Debtors, and aggregated intercompany eliminations accross Debtors and non-Debtors. Historically, financial statements have only been produced by the Debtors on a consolidated basis (e.g., RAIT Financial Trust and its consolidated subsidiaries), and accounting processes and general ledger activity have occurred to support preparation of these consolidated financial statements, and not stand-alone financial statements for each Debtor. Accordingly, each Debtor’s individual information within MOR-2 and MOR-3 may not be in accordance with GAAP. As such. relying upon an unconsolidated view of each Debtor may be misleading and is being shown only for the purposes of complying with MOR reporting requirements.

FORM Notes

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Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 5 of 16

RAIT FUNDING LLC	Case No.	19-11915 (BLS)
Debtor	Reporting Period:	10/01/19 - 10/31/19

MOR-1a
Schedule of the Debtors' Cash Receipts and Disbursements
For the Period From October 1, 2019 to October 31, 2019


($ in thousands)
Bank Balance 9/30/2019		$	39,811

Receipts:
Cash Receipts			1,129
Total Receipts		$	1,129

Disbursements:
Operating Disbursements
Payroll and Benefits			(328	)
Professional Fees - Recurring			-
Litigation Related Costs			-
Corporate Overhead			(262	)
REO Maintenance			-
Other			-
Total Operating Disbursements		$	(589	)

Non-Operating Cash Items
Professional Fees - Restructuring			(76	)
Principal & Interest			-
Transaction Related Expenses			(26	)
Sale Proceeds			-
Total Non-Operating Cash Flow		$	(101	)

Net Cash Flow		$	438

Ending Bank Balance 10/31/2019		$	40,249

Outstanding Checks			(21	)

Ending Book Balance 10/31/2019		$	40,228

FORM MOR-1a

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Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 6 of 16


RAIT FUNDING LLC	Case No. 19-11915 (BLS)
Debtor	Reporting Period: 10/01/19 - 10/31/19

MOR-1b

Bank Reconciliation

As of October 31, 2019

The Debtors hereby submit this attestation in lieu of providing copies of bank statements, bank reconciliations, and cash disbursement journals.

Attached to MOR-1a is a listing of all Debtor bank accounts, by account number, with period ending book balances. The Debtors affirm these accounts are reconciled monthly in accordance with the Debtors' ordinary course accounting practices and are available to the United States Trustee upon request. Further, the Debtors affirm that cash bank statements and cash disbursement journals are maintained in accordance with the Debtors' ordinary course accounting practices and are available to the United States Trustee upon request.

/s/ Alfred Dilmore11/28/2019

Signature of Authorized IndividualDate

Alfred DilmoreChief Financial Officer

Printed Name of Authorized IndividualTitle of Authorized Individual

FORM MOR-1b - Bank Rec

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Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 7 of 16

RAIT FUNDING LLC			Case No.	19-11915 (BLS)
Debtor			Reporting Period:	10/01/19 - 10/31/19

MOR-1b (cont.)
Book Balances
As of October 31, 2019

($ in thousands)
Entity	Bank	Account No.⁽¹⁾	Description	Ending Book Balance
RAIT Financial Trust	Citibank NA	*2169	Operating	$	4,160
RAIT Financial Trust	Citibank NA	*1136	MMA		6,532
RAIT Financial Trust	Citibank NA	*0232	MMA		20,697
Taberna Realty Finance Trust	Citibank NA	*0397	Operating		8,787
RAIT Funding LLC	Citibank NA	*5657	Operating		43
RAIT JV TRS LLC	Citibank NA	*9356	Operating		8
RAIT Financial Trust	Wilmington Trust	*4000	Escrow		-
Taberna Realty Finance Trust	Wilmington Trust	*9000	Escrow		-

Total Debtors Book Cash				$	40,228

(1)

Represents last four digits of account number

FORM MOR-1b - Book Balances

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Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 8 of 16

RAIT FUNDING LLC		Case No.		19-11915 (BLS)
Debtor		Reporting Period:		10/01/19 - 10/31/19

MOR-1b (cont.)
Estimated US Trustee Fees
As of October 31, 2019

($ in actuals)
Entity	Case No.	Oct. '19 Disbursements		U.S. Trustee Fee Q4-2019⁽¹⁾
RAIT Financial Trust	19-11916 (BLS)		688,659	TBD
RAIT Funding, LLC	19-11915 (BLS)		-	TBD
RAIT JV TRS LLC	19-11920 (BLS)		-	TBD
RAIT General, Inc.	19-11917 (BLS)		-	TBD
RAIT Limited, Inc.	19-11918 (BLS)		-	TBD
RAIT JV TRS SUB, LLC	19-11921 (BLS)		-	TBD
Taberna Realty Finance Trust	19-11919 (BLS)		2,604	TBD

Estimated US Trustee Fees		$	691,262	$	-

(1)

Actual U.S. Trustee quarterly fee will be determined during the filing of the December 2019 MOR. The Debtors' accrue an estimate each month.

FORM MOR-1b - UST Fee

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Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 9 of 16

RAIT FUNDING LLC												Case No.		19-11915 (BLS)
Debtor												Reporting Period:		10/01/19 - 10/31/19

	MOR-1c
	Schedule of Professional Fees Paid
	For the Period From October 1, 2019 to October 31, 2019

	($ in thousands)
	Schedule of Professional Fees Paid
				Check/Wire		Current Period Payments						Amount Paid Since Filing
	Professional	Period Covered	Payor	Number	Date	Fees		Expenses		Total		Fees		Expenses		Total

	EPIQ	Sept. ' 19	RAIT Financial Trust	2169	10/21/2019	$	68,760	$	-	$	68,760	$	68,760	$	-	$	68,760
	U.S. Trustee Fee	Sept. ' 19	RAIT Financial Trust⁽¹⁾	104087	10/22/2019		325				325		325		-		325
	U.S. Trustee Fee	Sept. ' 19	RAIT Financial Trust	104088	10/22/2019		4,875				4,875		4,875		-		4,875
	U.S. Trustee Fee	Sept. ' 19	RAIT Financial Trust⁽¹⁾	104089	10/22/2019		325				325		325		-		325
	U.S. Trustee Fee	Sept. ' 19	RAIT Financial Trust⁽¹⁾	104090	10/22/2019		325				325		325		-		325
	U.S. Trustee Fee	Sept. ' 19	RAIT Financial Trust⁽¹⁾	104091	10/22/2019		325				325		325		-		325
	U.S. Trustee Fee	Sept. ' 19	RAIT Financial Trust⁽¹⁾	104092	10/22/2019		325				325		325		-		325
	U.S. Trustee Fee	Sept. ' 19	RAIT Financial Trust⁽¹⁾	104093	10/22/2019		325				325		325		-		325
	Total					$	75,585	$	-	$	75,585	$	75,585	$	-	$	75,585

(1)

As an intercompany transaction, RAIT Financial Trust paid the U.S. Trustee Fees for the seven Debtor entities as allowed by the interim and final orders of the cash managment motion [Docket No. 4, 32 and 122].

FORM MOR-1c PAGE 9 OF 16

Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 10 of 16

RAIT FUNDING LLC																		Case No.			19-11915 (BLS)
Debtor																		Reporting Period:			10/01/19 - 10/31/19

MOR-2
Statement of Operations
For the Period From October 1, 2019 to October 31, 2019

($ in thousands)
Entity	RAIT FUNDING, LLC			RAIT FINANCIAL TRUST			RAIT GENERAL, INC.		RAIT LIMITED, INC.		TABERNA REALTY FINANCE TRUST			RAIT JV TRS, LLC		RAIT JV TRS SUB, LLC		Non-Debtors			Eliminations			Total
Case No.	19-11915			19-11916			19-11917		19-11918		19-11919			19-11920		19-11921

Revenue:
Investment interest income	$	-		$	31		$	-	$	-	$	77		$	-	$	-	$	2,907		$	(1,716	)	$	1,298
Investment interest expense		-			-			-		-		-			-		-		(721	)		-			(721	)
Net interest margin	$	-		$	31		$	-	$	-	$	77		$	-	$	-	$	2,186		$	(1,716	)	$	577
Property income		-			-			-		-		-			-		-		1,159			(31	)		1,128
Fee and other income		-			-			-		-		-			-		-		24			(17	)		7
Total revenue	$	-		$	31		$	-	$	-	$	77		$	-	$	-	$	3,369		$	(1,765	)	$	1,712

Expenses:
Interest expense		-			(17	)		-		-		-			-		-		(2,004	)		1,716			(304	)
Real estate operating expense		-			-			-		-		-			-		-		(613	)		31			(582	)
Property management expenses		-			-			-		-		-			-		-		(40	)		-			(40	)
General and administrative expenses		(2	)		(704	)		-		-		(3	)		-		-		(395	)		17			(1,086	)
Provision for losses		-			-			-		-		-			-		-		7			-			7
Depreciation and amortization expense		-			-			-		-		-			-		-		(399	)		-			(399	)
Total expenses	$	(2	)	$	(721	)	$	-	$	-	$	(3	)	$	-	$	-	$	(3,444	)	$	1,765		$	(2,404	)

Net Operating (Loss) Income	$	(2	)	$	(690	)	$	-	$	-	$	74		$	-	$	-	$	(75	)	$	-		$	(692	)

Interest and other income (expense), net		-			0			-		-		-			-		-		33			-			33
(Gains) / Losses on assets		-			-			-		-		-			-		-		-			-			-
Gains (losses) on extinguishments of debt		-			-			-		-		-			-		-		-			-			-
Reorganization items, net		-			(998	)		-		-		-			-		-		-			-			(998	)
Income (loss) before taxes	$	(2	)	$	(1,688	)	$	-	$	-	$	74		$	-	$	-	$	(42	)	$	-		$	(1,657	)

Income tax benefit (provision)		-			-			-		-		-			-		-		-			-			-

Net Income (Loss)	$	(2	)	$	(1,688	)	$	-	$	-	$	74		$	-	$	-	$	(42	)	$	-		$	(1,657	)

FORM MOR-2

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Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 11 of 16

RAIT FUNDING LLC																						Case No.			19-11915 (BLS)
Debtor																						Reporting Period:			10/01/19 - 10/31/19
MOR-3
Balance Sheet
As of October 31, 2019

($ in thousands)
Entity	RAIT FUNDING, LLC			RAIT FINANCIAL TRUST			RAIT GENERAL, INC.		RAIT LIMITED, INC.		TABERNA REALTY FINANCE TRUST			RAIT JV TRS, LLC		RAIT JV TRS SUB, LLC			Non-Debtors			Eliminations			Total
Case No.	19-11915			19-11916			19-11917		19-11918		19-11919			19-11920		19-11921

Assets:
Investments in mortgage loans, net	$	-		$	-		$	-	$	-	$	5,099		$	-	$	-		$	395,265		$	(106,668	)	$	293,696
Investments in real estate, net of accumulated depreciation		-			-			-		-		-			-		-			112,531			-			112,531
Cash and cash equivalents		43			31,390			-		-		8,787			8		-			4,127			-			44,355
Restricted cash		-			-			-		-		-			-		-			23,357			-			23,357
Accrued interest receivable		-			89			-		-		161			-		-			23,197			(8,838	)		14,610
Other assets		100			950			-		-		(21	)		-		539			462,450			(455,021	)		8,998
Intangible assets, net of accumulated amortization		-			-			-		-		-			-		-			1,138			-			1,138
Total assets	$	143		$	32,430		$	-	$	-	$	14,026		$	8	$	539		$	1,022,066		$	(570,526	)	$	498,685

Liabilities & Equity:
Indebtedness, net of unamortized discounts, and def. fin. costs	$	-		$	-		$	-	$	-	$	-		$	-	$	-		$	554,431		$	(291,862	)	$	262,569
Accrued interest payable		-			-			-		-		-			-		-			9,349			(8,838	)		511
Accrued expenses		-			3,693			-		-		-			-		(0	)		1,830			-			5,523
Accounts payable		-			2			-		-		-			-		-			31			-			33
Deferred taxes and other liabilities		-			-			-		-		-			-		-			20,972			(800	)		20,172
Total liabilities not subject to compromise	$	-		$	3,695		$	-	$	-	$	-		$	-	$	(0	)	$	586,614		$	(301,500	)	$	288,809

Liabilities Subject to Compromise		23,750			123,453			-		-		18,671			-		1			-			-			165,875

Total liabilities	$	23,750		$	127,148		$	-	$	-	$	18,671		$	-	$	1		$	586,614		$	(301,500	)	$	454,684

Shares outstanding		-			2,874			-		-		-			-		-			-			-			2,874
Additional paid in capital		-			2,099,281			-		-		-			-		-			493,912			(490,688	)		2,102,504
Accumulated other comprehensive income (loss)		-			-			-		-		12,673			-		-			-			-			12,673
Retained earnings (deficit)		(54,519	)		(956,162	)		-		-		(656,969	)		-		(5,412	)		(252,832	)		(148,155	)		(2,074,049	)
Non-controlling interest		-			-			-		-		-			-		-			876			(876	)		-
Intercompany contributions/distributions		30,913			(1,240,711	)		-		-		639,651			8		5,950			193,497			370,693			0
Total equity	$	(23,607	)	$	(94,718	)	$	-	$	-	$	(4,645	)	$	8	$	538		$	435,453		$	(269,027	)	$	44,002

Total liabilities & equity	$	143		$	32,430		$	-	$	-	$	14,026		$	8	$	539		$	1,022,066		$	(570,526	)	$	498,685

FORM MOR-3

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Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 12 of 16

RAIT FUNDING LLC	Case No.	19-11915 (BLS)
Debtor	Reporting Period:	10/01/19 - 10/31/19

Supplemental Schedule
Reorganization Items
For the Period October 1, 2019 to October 31, 2019


($ in thousands)
Professional fees - restructuring		$	990
US Trustee fees			8
Total		$	998


Supplemental Schedule
Liabilities Subject to Compromise
As of October 31, 2019


($ in thousands)
Senior note claims		$	123,393
Subordinated RAIT Funding junior note claim and RAIT parent subordinated guaranty claim			23,750
Subordinated Taberna note claims			18,671
General unsecured claims			61
Total		$	165,875

FORM Supp Sch

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Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 13 of 16

RAIT FUNDING LLC		Case No.	19-11915 (BLS)
Debtor		Reporting Period:	10/01/19 - 10/31/19

MOR-4a
Status of Post-Petition Taxes
As of October 31, 2019

The Debtors have paid and are paying all undisputed post-petition taxes as they come due. Copies of filed tax returns and IRS forms, if applicable for this reporting period, are available to the U.S. Trustee upon request.

/s/ Alfred Dilmore	11/28/2019
Signature of Authorized Individual	Date

Alfred Dilmore	Chief Financial Officer
Printed Name of Authorized Individual	Title of Authorized Individual

FORM MOR-4a PAGE 13 OF 16

Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 14 of 16

RAIT FUNDING LLC							Case No.		19-11915 (BLS)
Debtor							Reporting Period:		10/01/19 - 10/31/19

MOR-4b
Summary of Unpaid Post-Petition Accounts Payable
As of October 31, 2019

($ in thousands)	Current		1-30 Days		31-60 Days		Over 60 days		Total A/P
Corporate expenses	$	2	$	-	$	-	$	-	$	2
Total Accounts Payable	$	2	$	-	$	-	$	-	$	2

FORM MOR-4b PAGE 14 OF 16

Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 15 of 16

RAIT FUNDING LLC

Case No.

19-11915 (BLS)

Debtor

Reporting Period:

10/01/19 - 10/31/19

MOR-5a

Accounts Receivable Balance

As of October 31, 2019

($ in thousands)

Current-30 Days

31-60 Days

61-90 Days

Over 90 Days

Total A/R

Total Accounts Receivable

Other Accrued AR

Credit Balance Adjustment

(-) Allowance for Doubtful Accounts

Total Net Accounts Receivable

Accounts Receivable Reconciliation

Beginning A/R Balance, Net

(-) Total AR Cash Collections During the Period

(+) Change in Allowance for Doubtful Accounts

(+) Credit Balance Adjustment

(+) Net Sales During the Period Related to AR

Ending A/R Balance, Net

FORM MOR-5a PAGE 15 OF 16

Case 19-11915-BLS Doc 232 Filed 12/02/19 Page 16 of 16

RAIT FUNDING LLCCase No. 19-11915 (BLS)

DebtorReporting Period: 10/01/19 - 10/31/19

MOR-5b

Debtor Questionnaire

For the Period October 1, 2019 to October 30, 2019


	Yes	No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.		x
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below⁽¹⁾		x
3. Have all post‐petition tax returns been timely filed? If no, provide an explanation below.	x
4. Are workers' compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.	x
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001‐3.		x

(1)

Answer is specific to only Debtor related funds. Non-Debtor entities are continuing to disburse funds in the normal course.

FORM MOR-5b

PAGE 16 OF 16

RAIT Financial Trust 8-K