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Subsequent Events | 6 Months Ended
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Jun. 30, 2022
Subsequent Events |
Subsequent Events | Note 28. Subsequent events ​ On July 13, 2022, the Company entered into a joint venture with Starz Real Estate, a pan-European commercial real estate lending platform to originate approximately €300 million of new senior commercial real estate loans over the next two years. This joint venture will focus on deploying commercial real estate bridge and term loans between €10 million and €40 million in size across the United Kingdom, Benelux, Dach Region, Italy and Portugal with up to 75% LTV across sectors including office, residential, mixed use, student housing, logistics, self-storage, and selective retail and hotel opportunities. The joint venture will also offer construction lending in the above mentioned continental European locations. ​ On July 15, 2022, the Company closed on a commitment to invest into a parallel vehicle of the Fund, a fund managed by our Manager, in exchange for interests in the Fund. Refer to Note 18 – Agreements and transactions with related parties for a more detailed description of the co-investment terms. ​ On July 25, 2022, the Company issued $80 million in aggregate principal amount of 7.375% Senior Unsecured Notes due 2027 by means of a direct public offering to a certain purchaser in a privately negotiated transaction. The net proceeds from the sale of the Notes were approximately $77.5 million, after deducting estimated transaction expenses payable by the Company. The Company intends to use the net proceeds to originate or acquire target assets consistent with its investment strategy and for general business purposes. ​ ​

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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