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Real Estate Owned, Net
6 Months Ended
Jun. 30, 2026
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
Real Estate Owned, Net

Note 9 — Real Estate Owned, Net

As of June 30, 2026, the carrying value of real estate owned was $142.1 million, of which $121.5 million were pledged as collateral for the Company's securitized debt and $2.5 million were pledged as collateral under a warehouse repurchase agreement. As of December 31, 2025, the carrying value of real estate owned was $118.3 million, of which $114.5 million were pledged as collateral for the Company's securitized debt.