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Real Estate Owned ("REO") (Tables)

9 Months Ended

Sep. 30, 2025

Real Estate [Abstract]

Schedule of real estate owned

The following table presents the Company’s REO activity during the nine months ended September 30, 2025:

			(in thousands)
Real estate owned at December 31, 2024			$	18,574
Principal basis transferred to real estate owned			17,185
Investment in real estate owned			235
Charge-offs on principal transferred			(8,344)
Proceeds from sale of real estate owned			(3,282)
Real estate owned transferred to investment in developmental real estate			(4,250)
Loans origination from sale of real estate owned			(840)
Impairment of real estate owned			(185)
Loss on sale of real estate owned			(181)
Real estate owned at September 30, 2025			$	18,912

Schedule of future minimum rents

As of September 30, 2025, future minimum rents under non-cancelable operating leases were as follows:

Years Ending December 31,						Amount
						(in thousands)
2025 (remaining three months)						$	—
2026						936
2027						1,267
2028						1,292
2029						1,318
Thereafter						8,852
Total						$	13,665

As of September 30, 2025, future minimum rents under this lease were as follows:

Years Ending December 31,						Amount
						(in thousands)
2025 (remaining three months)						$	18
2026						31
Total						$	49

X

- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-12

+ Details

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- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations.

+ References

No definition available.

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