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Other Assets and Liabilities | 9 Months Ended
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Sep. 30, 2025
Other Assets And Liabilities Disclosure [Abstract] |
Other Assets and Liabilities | OTHER ASSETS AND LIABILITIES Other Assets The following table details the components of our other assets ($ in thousands):
| September 30, 2025 |  | December 31, 2024
Loan portfolio payments held by servicer(1) | $429,747 |  | $113,199
Accrued interest receivable | 138,130 |  | 160,131
Accounts receivable and other assets(2) | 114,172 |  | 134,030
Real estate intangible assets, net | 96,672 |  | 77,289
Other real estate assets | 35,867 |  | 9,338
Derivative assets | 19,505 |  | 72,454
Prepaid expenses | 126 |  | 1,002
Collateral deposited under derivative agreements | — |  | 4,810
Total | $834,219 |  | $572,253
(1)Primarily represents loan principal repayments held by our third-party loan servicers as of the balance sheet date that were remitted to us during the subsequent remittance cycle. (2)Includes $105.2 million and $95.5 million as of September 30, 2025 and December 31, 2024, respectively, of cash collateral held by our CLOs that was subsequently remitted by the trustee to repay a portion of the outstanding senior CLO securities, or that was subsequently reinvested by purchasing additional collateral into our CLOs. Other Liabilities The following table details the components of our other liabilities ($ in thousands):
| September 30, 2025 |  | December 31, 2024
Debt repayments pending servicer remittance(1) | $335,433 |  | $3,742
Other real estate liabilities | 114,413 |  | 72,018
Accrued dividends payable | 80,238 |  | 81,214
Accrued interest payable | 64,911 |  | 77,855
Accrued management fees payable | 16,849 |  | 18,534
Current expected credit loss reserves for unfunded loan commitments(2) | 13,741 |  | 10,412
Accounts payable and other liabilities | 11,230 |  | 13,834
Derivative liabilities | 2,557 |  | 5,238
Total | $639,372 |  | $282,847
(1)Represents pending transfers from our third-party loan servicer that were remitted to our banking counterparties or CLO trustees during the subsequent remittance cycle. (2)Represents the CECL reserve related to our unfunded loan commitments. See Note 2 for further discussion of the CECL reserves. Current Expected Credit Loss Reserves for Unfunded Loan Commitments As of September 30, 2025, we had aggregate unfunded commitments of $1.5 billion related to 57 loans receivable. The expected credit losses over the contractual period of our loans are impacted by our obligations to extend further credit through our unfunded loan commitments. See Note 2 for further discussion of the CECL reserves related to our unfunded loan commitments, and Note 22 for further discussion of our unfunded loan commitments. During the three and nine months ended September 30, 2025, we recorded increases in the CECL reserves related to our unfunded loan commitments of $2.0 million and $3.3 million, respectively, bringing our total unfunded loan commitments CECL reserve to $13.7 million as of September 30, 2025. D uring the three and nine months ended September 30, 2024, we recorded decreases in the CECL reserves related to our unfunded loan commitments of $1.6 million and $7.1 million, respectively, bringing our total unfunded loan commitments CECL reserve to $8.3 million as of September 30, 2024.

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