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RESTRICTED CASH
3 Months Ended
Mar. 31, 2026
Cash and Cash Equivalents [Abstract]  
RESTRICTED CASH RESTRICTED CASH
Restricted cash primarily includes (1) proceeds from principal payments and interest received held by the servicer which have to be reinvested or distributed, (2) interest reserve accounts related to our secured financing agreements and (3) funds on deposit with financial institutions related to real estate owned properties that are held in the Company's consolidated VIEs.

LMF 2023-1 Financing was actively managed with initial reinvestment period of 24 months which expired in July 2025.

LMNT 2025-FL3 CLO is actively managed with an initial reinvestment period of 30 months which expires in May 2028. As loans pay off or mature, as applicable, during this reinvestment period, cash received is restricted and intended to be reinvested within LMNT 2025-FL3 CLO in accordance with the terms and conditions of its respective governing agreements.