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Subsequent Events | 3 Months Ended
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Mar. 31, 2025
Subsequent Events [Abstract] |
Subsequent Events | Note 20 – Subsequent Events Subsequent to the quarter ended March 31, 2025, the following events took place: Investment Activity: Funded approximately $309.5 million for previously closed loans. Additionally, we closed $709.2 million in new commitments across four first mortgage loans with $684.1 million funded at close. The new commitments consist of: • $154.0 million commitment (fully funded at close) to a floating-rate mortgage loan secured by two senior housing properties located in Los Angeles, CA and Ambler, PA. • $250.0 million commitment ($238.2 million funded at close) to a floating-rate mortgage loan secured by a portfolio of self-storage facilities located throughout the United States. • $150.0 million commitment ($136.7 million funded at close) to a floating-rate mortgage loan secured by a luxury multifamily property located in Jersey City, NJ. • £117.0 million commitment ($155.2 assuming conversion into USD) fully funded at close to a floating-rate mortgage loan secured by data centers located in Slough, UK. Loan Repayments: We received approximately $34.3 million from loan repayments. Financing Activity: Closed two new secured credit facilities, with an aggregate borrowing capacity of $690.2 million.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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