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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus Performance
​
   
The following table and footnotes summarize the total compensation we paid to our named executive officers (our “NEOs”), compensation “actually paid” to our NEOs (calculated in accordance with SEC rules), the cumulative total shareholder return of the Company and our net income for the past three fiscal years. None of our NEOs is employed by us. Tremont, a subsidiary of RMR, provides, or arranges with RMR to provide, services that otherwise would be provided by employees and either RMR or Tremont employs and compensates our NEOs directly and in their sole discretion in connection with their services rendered to Tremont, RMR, to us and other companies to which RMR or Tremont provide management services. For information regarding the compensation paid by us to Tremont and RMR, please see the below “Certain Related Person Transactions” section. We do not pay our NEOs salaries or bonuses or provide other cash compensation or employee benefits. We provide equity incentive compensation to our NEOs pursuant to the terms of our 2021 Equity Plan.
Pay Versus Performance
​
Year
​ ​
Summary
Compensation
Table Total for
Principal
Executive Officer
(“PEO”)
​ ​
Compensation
Actually Paid to
PEO(1)
​ ​
Average Summary
Compensation
Table Total for
Non-PEO NEOs
​ ​
Average
Compensation
Actually Paid to
Non-PEO NEOs(2)(3)
​ ​
Value of initial
fixed $100
Investment Based
on Total
Shareholder
Return*
​ ​
Net Income
($000s)
​
​
2023
​ ​ ​ ​ $45,856 ​ ​ ​ ​ ​ $67,918 ​ ​ ​ ​ ​ $27,142 ​ ​ ​ ​ ​ $35,441 ​ ​ ​ ​ ​ $161.46 ​ ​ ​ ​ ​ $25,965 ​ ​
​
2022
​ ​ ​ ​ 38,907 ​ ​ ​ ​ ​ 32,294 ​ ​ ​ ​ ​ 8,192 ​ ​ ​ ​ ​ 4,453 ​ ​ ​ ​ ​ 99.58 ​ ​ ​ ​ ​ 27,640 ​ ​
​
2021
​ ​ ​ ​ 36,425 ​ ​ ​ ​ ​ 39,029 ​ ​ ​ ​ ​ 36,435 ​ ​ ​ ​ ​ 68,487 ​ ​ ​ ​ ​ 103.44 ​ ​ ​ ​ ​ 24,650 ​ ​
​
*
The cumulative total shareholder return (“TSR”) for 2021 is based on the period from January 5, 2021 through December 31, 2021, and the three year cumulative TSR for 2023 is based on the period from January 5, 2021 through December 31, 2023. On January 5, 2021, we ceased to be a registered investment company under the Investment Company Act of 1940 (the “1940 Act”), as amended. Since that deregistration, we fully implemented the change in our business mandate that our shareholders had approved in April 2020 to focus primarily on originating and investing in first mortgage whole loans secured by middle market and transitional CRE. Accordingly, we have not included the time period prior to that deregistration in the calculation of TSR.
​
(1)
The following table summarizes the applicable deductions and additions for the PEO in the calculation of Compensation Actually Paid to the PEO.
​
PEO Compensation Actually Paid
​
Year
​ ​
PEO Name
​ ​
Total
Compensation
Per Summary
Compensation
Table Less
Stock Grant
Amount
​ ​
Year End
Fair Value of
Equity
Awards
Granted and
Unvested
During
Applicable
Year
​ ​
Change in
Fair Value as
of Year End
of Any Prior
Year Awards
that Remain
Unvested as
of Year End
​ ​
Awards
Granted and
Vested in the
Same Year,
at Fair Value
as of the
Vesting Date
​ ​
Change in
Fair Value as
of Year End
of Any Prior
Year Awards
that Vested
During
Applicable
Year
​ ​
Total Equity
Value
Reflected in
Compensation
Actually Paid
​ ​
Compensation
Actually Paid
to PEO
​
​
2023
​ ​
Thomas
Lorenzini
​ ​ ​ ​ $7,531 ​ ​ ​ ​ ​ $36,232 ​ ​ ​ ​ ​ $13,675 ​ ​ ​ ​ ​ $7,665 ​ ​ ​ ​ ​ $2,815 ​ ​ ​ ​ ​ $60,387 ​ ​ ​ ​ ​ $67,918 ​ ​
​
(2)
The only non-PEO NEOs for 2023 are Fernando Diaz and Tiffany R. Sy.
​
(3)
The following table summarizes the applicable deductions and additions for each of the Non-PEO NEOs in the calculation of Compensation Actually Paid to each Non-PEO NEO.
​
Average Non-PEO NEOs—Compensation Actually Paid
​
Year
​ ​
Total
Compensation
Per Summary
Compensation
Table Less
Stock Grant
Amount
​ ​
Year End
Fair Value
of Equity
Awards
Granted and
Unvested
During
Applicable
Year
​ ​
Change in
Fair Value as
of Year End
of Any Prior
Year Awards
that Remain
Unvested as
of Year End
​ ​
Awards
Granted and
Vested in the
Same Year,
at Fair Value
as of the
Vesting Date
​ ​
Change in
Fair Value as
of Year End
of Any Prior
Year Awards
that Vested
During
Applicable
Year
​ ​
Total Equity
Value
Reflected in
Compensation
Actually Paid
​ ​
Compensation
Actually Paid to
Non-PEO NEOs
​
​
2023
​ ​ ​ $ 2,504 ​ ​ ​ ​ ​ $23,292 ​ ​ ​ ​ ​ $3,910 ​ ​ ​ ​ ​ $4,928 ​ ​ ​ ​ ​ $807 ​ ​ ​ ​ ​ $32,937 ​ ​ ​ ​ ​ $35,441 ​ ​
   
PEO Total Compensation Amount $ 45,856 $ 38,907 $ 36,425
PEO Actually Paid Compensation Amount $ 67,918 32,294 39,029
Adjustment To PEO Compensation, Footnote
(1)
The following table summarizes the applicable deductions and additions for the PEO in the calculation of Compensation Actually Paid to the PEO.
​
PEO Compensation Actually Paid
​
Year
​ ​
PEO Name
​ ​
Total
Compensation
Per Summary
Compensation
Table Less
Stock Grant
Amount
​ ​
Year End
Fair Value of
Equity
Awards
Granted and
Unvested
During
Applicable
Year
​ ​
Change in
Fair Value as
of Year End
of Any Prior
Year Awards
that Remain
Unvested as
of Year End
​ ​
Awards
Granted and
Vested in the
Same Year,
at Fair Value
as of the
Vesting Date
​ ​
Change in
Fair Value as
of Year End
of Any Prior
Year Awards
that Vested
During
Applicable
Year
​ ​
Total Equity
Value
Reflected in
Compensation
Actually Paid
​ ​
Compensation
Actually Paid
to PEO
​
​
2023
​ ​
Thomas
Lorenzini
​ ​ ​ ​ $7,531 ​ ​ ​ ​ ​ $36,232 ​ ​ ​ ​ ​ $13,675 ​ ​ ​ ​ ​ $7,665 ​ ​ ​ ​ ​ $2,815 ​ ​ ​ ​ ​ $60,387 ​ ​ ​ ​ ​ $67,918 ​ ​
   
Non-PEO NEO Average Total Compensation Amount $ 27,142 8,192 36,435
Non-PEO NEO Average Compensation Actually Paid Amount $ 35,441 4,453 68,487
Adjustment to Non-PEO NEO Compensation Footnote
(2)
The only non-PEO NEOs for 2023 are Fernando Diaz and Tiffany R. Sy.
(3)
The following table summarizes the applicable deductions and additions for each of the Non-PEO NEOs in the calculation of Compensation Actually Paid to each Non-PEO NEO.
​
Average Non-PEO NEOs—Compensation Actually Paid
​
Year
​ ​
Total
Compensation
Per Summary
Compensation
Table Less
Stock Grant
Amount
​ ​
Year End
Fair Value
of Equity
Awards
Granted and
Unvested
During
Applicable
Year
​ ​
Change in
Fair Value as
of Year End
of Any Prior
Year Awards
that Remain
Unvested as
of Year End
​ ​
Awards
Granted and
Vested in the
Same Year,
at Fair Value
as of the
Vesting Date
​ ​
Change in
Fair Value as
of Year End
of Any Prior
Year Awards
that Vested
During
Applicable
Year
​ ​
Total Equity
Value
Reflected in
Compensation
Actually Paid
​ ​
Compensation
Actually Paid to
Non-PEO NEOs
​
​
2023
​ ​ ​ $ 2,504 ​ ​ ​ ​ ​ $23,292 ​ ​ ​ ​ ​ $3,910 ​ ​ ​ ​ ​ $4,928 ​ ​ ​ ​ ​ $807 ​ ​ ​ ​ ​ $32,937 ​ ​ ​ ​ ​ $35,441 ​ ​
   
Compensation Actually Paid vs. Total Shareholder Return
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Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-4c.jpg]
   
Total Shareholder Return Amount $ 161.46 99.58 103.44
Net Income (Loss) $ 25,965,000 $ 27,640,000 $ 24,650,000
PEO Name Thomas Lorenzini    
PEO | Thomas Lorenzini [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value)      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 7,531    
PEO | Thomas Lorenzini [Member] | Total Equity Awards Adjustments [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 60,387    
PEO | Thomas Lorenzini [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 36,232    
PEO | Thomas Lorenzini [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 13,675    
PEO | Thomas Lorenzini [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 7,665    
PEO | Thomas Lorenzini [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 2,815    
Non-PEO NEO | Fernando Diaz and Tiffany R. Sy. [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value)      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 2,504    
Non-PEO NEO | Fernando Diaz and Tiffany R. Sy. [Member] | Total Equity Awards Adjustments [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 32,937    
Non-PEO NEO | Fernando Diaz and Tiffany R. Sy. [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 23,292    
Non-PEO NEO | Fernando Diaz and Tiffany R. Sy. [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 3,910    
Non-PEO NEO | Fernando Diaz and Tiffany R. Sy. [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 4,928    
Non-PEO NEO | Fernando Diaz and Tiffany R. Sy. [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 807