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Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 20 – Subsequent Events

Subsequent to the quarter ended June 30, 2025, the following events took place:

Investment Activity: Funded approximately $54.7 million for previously closed loans.

Loan Repayments: We received approximately $327.3 million from loan repayments, including a full repayment of a $250.4 million first mortgage secured by a retail property in Manhattan, NY.

Massachusetts Healthcare: On July 22, 2025, Saint Elizabeth, LLC, which is indirectly owned by a subsidiary of ARI and certain affiliates of Apollo, and The Commonwealth of Massachusetts reached a settlement agreement in which The Commonwealth agreed to pay Saint Elizabeth, LLC an additional $44.0 million ($18.1 million attributable to ARI) by August 20, 2025, after which the lawsuit will be dismissed with prejudice, with all related claims released.