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Subsequent Events
9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events

Note 21 – Subsequent Events

Subsequent to the quarter ended September 30, 2024, the following events took place:

Investment Activity: Funded approximately $33.1 million for previously closed loans and capitalized an additional $9.8 million of construction and financing costs related to our real estate owned, held for investment.

Loan Repayments: We received approximately $6.3 million from loan repayments.

Massachusetts Healthcare: October 1, 2024, five of the seven hospitals were sold to third parties, and the total consideration was allocated among us and other Apollo Co-Lenders based on our pro-rata interests in the commercial mortgage loan. We received consideration of approximately $133.1 million, which included a $41.2 million promissory note.