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Real Estate Owned (Tables)
3 Months Ended
Mar. 31, 2026
Real Estate [Abstract]  
Schedule of Real Estate Properties
A summary of our REO assets is as follows ($ in thousands):
March 31, 2026December 31, 2025
MultifamilyOfficeLandTotalMultifamilyOfficeLandTotal
Land$111,566 $13,599 $7,947 $133,112 $109,788 $13,599 $7,947 $131,334 
Building and intangible assets395,552 55,132 — 450,684 363,281 48,882 — 412,163 
Less: Impairment loss
(33,000)(2,500)— (35,500)(20,500)(2,500)— (23,000)
Less: Accumulated depreciation and amortization
(23,979)(3,551)— (27,530)(18,015)(3,544)— (21,559)
Real estate owned, net$450,139 $62,680 $7,947 $520,766 $434,554 $56,437 $7,947 $498,938 
Number of foreclosed loans17 21 15 19 
Number of properties32 36 31 35