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COMMITMENTS AND CONTINGENCIES | 3 Months Ended
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Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract] |
COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES As further discussed in Note 2 to our consolidated financial statements, the impact of the current macroeconomic conditions on the Company’s business is uncertain. As of March 31, 2025, there were no contingencies recorded on the Company’s consolidated balance sheets as a result of such conditions; however, if global market conditions worsen, it could adversely affect the Company’s business, financial condition and results of operations. As of March 31, 2025 and December 31, 2024, the Company had the following commitments to fund various senior mortgage loans, subordinated debt investments, as well as preferred equity investments accounted for as loans held for investment ($ in thousands):
|  | As of
|  | March 31, 2025 |  | December 31, 2024
Total commitments |  | $ | 1,477,775 |  |  | $ | 1,773,083 |
Less: funded commitments |  | (1,404,409) |  |  | (1,698,506) |
Total unfunded commitments |  | $ | 73,366 |  |  | $ | 74,577 |
The Company from time to time may be a party to litigation relating to claims arising in the normal course of business. As of March 31, 2025, the Company is not aware of any legal claims that could materially impact its business, financial condition or results of operations.

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