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Subsequent Events
1 Months Ended
Oct. 26, 2020
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Subsequent to the quarter ended September 30, 2020, the following events took place:
Investment activity: We funded approximately $33.0 million for previously closed loans.
Loan Repayments. We received approximately $1.3 million from loan repayments.
In addition, the remaining collateral of for-sale residential condominium units located in Bethesda, MD, was sold for net proceeds approximately equal to the carrying value of the loan.
Loan Sales: We sold, at par, a $25.0 million subordinate position of a residential-for-sale: construction loan with a total commitment of $110.0 million.
Unconsolidated Joint Venture: We entered into a joint venture which owns the underlying properties that secure our $180.0 million first mortgage predevelopment loan located in Miami, FL. The entity in which we own an interest, and which owns the underlying properties was deemed to be a VIE and we determined that we are not the primary beneficiary of that VIE.