CURRENT EXPECTED CREDIT LOSSES |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Credit Loss [Abstract] | |
| CURRENT EXPECTED CREDIT LOSSES | CURRENT EXPECTED CREDIT LOSSES As of March 31, 2026, the Company did not have a CECL Reserve, as all investments are held at fair value. As of December 31, 2025, the Company’s CECL Reserve for its loans held at carrying value was approximately $46.1 million, or 18.19% of the Company’s total loans held at carrying value of approximately $253.6 million, and is bifurcated between the current expected credit loss reserve (contra-asset) related to outstanding balances on loans held at carrying value and loan receivable held at carrying value of approximately $46.1 million and a liability for unfunded commitments of approximately $0.1 million, respectively. The liability was based on the unfunded portion of the loan commitment over the full contractual period over which the Company is exposed to credit risk through a current obligation to extend credit. Management considered the likelihood that funding will occur and, if funded, the expected credit loss on the funded portion when determining the amount to allocate to its CECL Reserve.
|