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STATES**\n\n**SECURITIES AND\nEXCHANGE COMMISSION**\n\n**Washington, D.C.\n20549**\n\n \n\n**FORM 10-Q**\n\n \n \n\n☒\n**QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE\nSECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**For the quarterly period ended March 31,\n2026**\n\n**OR**\n\n \n\n**☐**\n**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE\nSECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**For the transition period from ______ to ______**\n\n** **\n\n**Commission file number: 000-56755**\n\n \n\n \n\n**CNL STRATEGIC\nRESIDENTIAL CREDIT, INC.**\n\n**(Exact name of registrant as specified in its\ncharter)**\n\n** **\n\n**Maryland**\n \n**33-3001463**\n\n**(State or other jurisdiction of**\n\n**incorporation or organization)**\n\n \n\n \n\n**(I.R.S. Employer**\n\n**Identification No.)**\n\n \n\n**CNL Center at City Commons**\n\n**450 South Orange Avenue, Ste 1400**\n\n**Orlando, Florida**\n\n \n**32801**\n\n**(Address of principal executive offices)**\n \n**(Zip Code)**\n\n \n \n \n\n**Registrant’s telephone number, including area code (407) 650-1000**\n\n \n \n \n\n**Securities registered pursuant to Section 12(b)\nof the Act:**\n\n \n\n**Title of each class**\n \n**Trading Symbol(s)**\n \n**Name of each exchange on which registered**\n\nN/A\n \nN/A\n \nN/A\n\n \n\nIndicate by check mark whether\nthe registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the\npreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such\nfiling requirements for the past 90 days. Yes ☒ No ☐\n\n \n\nIndicate by check mark whether\nthe registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T\n(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit\nsuch files). Yes ☒ No ☐\n\n \n\nIndicate by check mark whether\nthe registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging\ngrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting\ncompany” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer\n☐\nAccelerated filer\n☐\n\nNon-accelerated filer\n☒\nSmaller reporting company\n☒\n\nEmerging growth company\n☒\n \n \n\n \n\nIf an emerging growth company,\nindicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial\naccounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark whether\nthe registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒\n\n \n\nAs of May 11, 2026, the\nCompany had 966,038 Class E shares and 47,392 Class FA shares.\n\n \n\n \n\n \n\n \n\n \n\n \n\n**CNL STRATEGIC RESIDENTIAL CREDIT, INC.**\n\n**INDEX**\n\n \n\n \n \nPage\n\n[PART I.](#rcred10qa001)\n[FINANCIAL INFORMATION](#rcred10qa001)\n \n\n[Item 1.](#rcred10qa002)\n[Financial Statements](#rcred10qa002)\n \n\n \n[Consolidated Balance Sheets as of March 31, 2026 (unaudited) and December 31, 2025](#rcred10qa003)\n2\n\n \n[Consolidated Statement of Operations for the Three Months Ended March 31, 2026 (unaudited)](#rcred10qa004)\n3\n\n \n[Consolidated Statements of Stockholders’ Equity for the Three Months Ended March 31, 2026 and the period from January 21, 2025 (date of formation) to March 31, 2025 (unaudited)](#rcred10qa005)\n4\n\n \n[Consolidated Statement of Cash Flows for the Three Months Ended March 31, 2026 (unaudited)](#rcred10qa006)\n5\n\n \n[Notes to Consolidated Financial Statements (unaudited)](#rcred10qa007)\n6\n\n[Item 2.](#rcred10qa008)\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#rcred10qa008)\n21\n\n[Item 3.](#rcred10qa009)\n[Quantitative and Qualitative Disclosures About Market Risk](#rcred10qa009)\n25\n\n[Item 4.](#rcred10qa010)\n[Controls and Procedures](#rcred10qa010)\n27\n\n \n \n \n\n[PART II.](#rcred10qa011)\n[OTHER INFORMATION](#rcred10qa011)\n \n\n[Item 1.](#rcred10qa012)\n[Legal Proceedings](#rcred10qa012)\n28\n\n[Item 1A.](#rcred10qa013)\n[Risk Factors](#rcred10qa013)\n28\n\n[Item 2.](#rcred10qa014)\n[Unregistered Sales of Equity Securities and Use of Proceeds](#rcred10qa014)\n28\n\n[Item 3.](#rcred10qa015)\n[Defaults Upon Senior Securities](#rcred10qa015)\n28\n\n[Item 4.](#rcred10qa016)\n[Mine Safety Disclosures](#rcred10qa016)\n28\n\n[Item 5.](#rcred10qa017)\n[Other Information](#rcred10qa018)\n28\n\n[Item 6.](#rcred10qa019)\n[Exhibits](#rcred10qa019)\n28\n\n[Exhibit Index](#rcred10qa020)\n \n29\n\n \n \n \n\n[Signatures](#rcred10qa021)\n \n31\n\n** **\n\n1\n\n \n\n \n\n**PART I. FINANCIAL INFORMATION**"}