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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (851) $ (15,015)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, net 20,188 21,085
Loss on early extinguishment of debt 0 281
Amortization of deferred loan costs 1,068 1,192
Amortization of premiums and discounts on debt (61) (84)
Unrealized premium adjustment 2,930 1,281
Amortization of deferred costs and accretion of fees on loans receivable, net (622) (410)
(Recoveries) write-offs of uncollectible receivables (82) 2,622
Deferred income taxes 72 (995)
Stock-based compensation 220 222
Loans funded, held for sale to secondary market (96,991) (28,131)
Proceeds from sale of guaranteed loans 109,000 25,722
Principal collected on loans subject to secured borrowings 1,786 3,695
Commitment fees remitted and other operating activity (2,559) (935)
Changes in operating assets and liabilities:    
Accounts receivable (1,519) (419)
Other assets (1,340) 1,233
Accounts payable and accrued expenses 2,574 (1,080)
Deferred leasing costs (1,669) (1,838)
Other liabilities 7,128 (274)
Due to related parties 7,009 4,675
Net cash provided by operating activities 46,281 12,827
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to investments in real estate (4,047) (14,731)
Acquisition of real estate (2,933) (6,131)
Loans funded (36,299) (25,393)
Principal collected on loans 30,584 7,884
Other investing activity 0 51
Net cash (used in) provided by investing activities (12,695) (38,320)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of unsecured revolving lines of credit, revolving credit facilities, mortgages payable, term notes and principal on SBA 7(a) loan-backed notes (157,910) (57,584)
Proceeds from unsecured revolving lines of credit, revolving credit facilities and term notes 35,396 77,516
Payment of principal on secured borrowings (1,786) (3,695)
Payment of deferred preferred stock offering costs (1,149) (943)
Payment of deferred costs (1) (983)
Payment of common dividends (3,979) (4,431)
Proceeds from issuance of Common Stock 78,825 0
Payment of Common Stock offering costs (1,900) 0
Net proceeds from issuance of Series A Preferred Warrants 0 28
Net proceeds from issuance of Preferred Stock 29,829 41,958
Payment of preferred stock dividends (18,045) (16,536)
Redemption of Preferred Stock (2,755) (2,084)
Noncontrolling interests’ distributions (118) (51)
Noncontrolling interests’ contributions 9 0
Net cash provided by (used in) financing activities (43,584) 33,195
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (9,998) 7,702
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH:    
Beginning of period 43,649 35,947
End of period 33,651 43,649
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 22,311 33,636
Restricted cash 11,340 10,013
Total cash and cash equivalents and restricted cash 33,651 43,649
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 8,463 10,315
Federal income taxes paid 2,900 273
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Accrued capital expenditures, tenant improvements and real estate developments 2,127 267
Accrued deferred costs 0 125
Accrued preferred stock offering costs 161 675
Accrual of dividends payable to preferred stockholders 12,051 11,343
Accrual of dividends payable to common stockholders 1,753 0
Preferred stock offering costs offset against redeemable preferred stock 400 583
Reclassification of Series A Preferred Stock from temporary equity to permanent equity 45,806 35,483
Reclassification of loans receivable, net to real estate owned 0 174
Reclassification of Series A Preferred Stock from permanent equity to accounts payable and accrued expenses 48 25
Redeemable preferred stock deemed dividends 253 377
Accrued Redeemable Preferred Stock fees 638 493
Equity-based payment for management fees $ 9,174 $ 7,400