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Lines of Credit, Mortgage Payable, and Churchill Facility (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of proceeds received and loans held for investment pledged as collateral under the Churchill Facility agreement

The following table presents the outstanding balances under the Churchill Facility:

			September 30, 2025												December 31, 2024
			Total Outstanding						Rate						Total Outstanding						Rate
			(in thousands)												(in thousands)
Repurchase Agreement			$	7,825					8.33		%				$	33,708					8.69		%

The following table presents loans held for investment pledged as collateral under the Churchill Facility:

			September 30, 2025												December 31, 2024
			Total Carrying Value Loans Pledged						Number of Loans						Total Carrying Value Loans Pledged						Number of Loans
			(in thousands)												(in thousands)
Loans held for investment sold under the repurchase agreement			$	30,718					7						$	66,365					17

Schedule of loans held for investment sold under the repurchase agreement

The following table presents the contractual maturities for loans held for investment sold under the Churchill Facility agreement:

			September 30, 2025						December 31, 2024
			(in thousands)
Maturing within one year			$	28,887					$	56,050
After one but within two years			1,831						10,315
Total			$	30,718					$	66,365

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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- Definition

The entire disclosure for repurchase agreements.

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