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Related Party (Tables)
9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Schedule of promissory notes
The following table provides details of financing that the Company has provided, in the form of secured promissory notes, to certain other loan origination-related entities in which the Company also holds equity investments.
Effective Date of Promissory NoteMaturity Date of Promissory NoteInterest Rate
as of
Outstanding Borrowings as of
Fair Value(1)
as of
Maximum BorrowingSeptember 30, 2025December 31, 2024September 30, 2025December 31, 2024September 30, 2025December 31, 2024
(In thousands)(In thousands)
May 2021(2)
December 31, 2025$6,000 12.0%12.0%$— $1,000 $— $1,000 
February 2022(3)
December 31, 2025750 7.0%7.0%625 625 625 625 
June 9, 2025June 9, 20281,750 9.0%n/a350 — 350 — 
(1)Classified as a Corporate loan and is included in Loans, at fair value on the Condensed Consolidated Balance Sheet.
(2)Convertible into non-voting equity interests, at the option of the borrower, at any time prior to maturity.
(3)Promissory note was amended in January 2025 extending the maturity date.