Accounts Payable, Accrued Expenses and Other Liabilities

6 Months Ended

Jun. 30, 2025

Accounts Payable, Accrued Expenses and Other Liabilities

Note 11 – Accounts Payable, Accrued Expenses and Other Liabilities

The following table details the components of our accounts payable, accrued expense and other liabilities ($ in thousands):


	June 30, 2025		December 31, 2024
Collateral held under derivative agreements	$	—	$	54,420
Accrued dividends payable		37,852		37,976
Accrued interest payable		35,003		28,261
Accounts payable and other liabilities(1)		10,607		11,574
General CECL Allowance on unfunded commitments(2)		5,057		5,948
Total	$	88,519	$	138,179

(1)

Includes $9.3 million and $8.8 million of accounts payable and other liabilities on the balance sheet of the Real Estate Owned, Held for Investment at June 30, 2025 and December 31, 2024, respectively.

(2)

Refer to "Note 4 – Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net" for additional disclosure related to the General CECL Allowance on unfunded commitments as of June 30, 2025 and December 31, 2024, respectively.