XML 36 R30.htm IDEA: XBRL DOCUMENT v3.25.1
Subsequent Events
 3 Months Ended
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.