Loan Participations Sold, Net (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Loan Participations Sold | The following tables detail the Company’s loan participations sold as of December 31, 2025 and 2024:
(1) The yield/cost is the present value of all future principal and interest payments on the loan or participation interest and does not include any origination fees or deferred commitment fees. The yield/cost excludes maturity default interest and interest on loans placed on nonaccrual status. (2) As of December 31, 2025 and 2024, the loan participations sold were non-recourse to the Company. (3) During the years ended December 31, 2025 and 2024, the Company recorded $2,971 and $3,762 of related to loan participations sold, respectively. (4) Based on the furthest maximum maturity date of all the loans subject to the participation agreement. (5)
Includes participation interest related to the foreclosed properties described above. |
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