CONSOLIDATED BALANCE SHEET/CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 26,197	$ 103,314
Restricted cash	98	250
Loans held for investment, net	570,780	91,879
Accrued interest receivable	1,433
Prepaid expenses and other assets	1,485
Dividends and interest receivable		139
Prepaid expenses		345
Other assets		128
Total assets	599,993	196,055
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable, accrued liabilities and deposits	1,561
Secured financing facilities, net	339,627
Due to related persons	1,111
Accrued income taxes		2,386
Accrued expenses and other liabilities		491
Advisory fee payable		141
Deferred revenue		82
Compliance and internal audit costs payable		31
Administrative fee payable		30
Total liabilities	342,299	3,161
Commitments and contingencies
Shareholders' equity:
Common shares of beneficial interest, $0.001 par value per share; 25,000,000 shares authorized; 14,597,079 shares issued and outstanding	15	10
Additional paid in capital	237,624	192,884
Cumulative net income	24,650
Cumulative distributions	(4,595)
Total shareholders' equity	257,694	192,894
Total liabilities and shareholders' equity	599,993
Net assets attributable to common shares		192,894
Composition of net assets attributable to common shares
Common shares, $0.001 par value per share; unlimited number of shares authorized	15	10
Additional paid in capital	$ 237,624	192,884
Net assets attributable to common shares		$ 192,894
Common shares outstanding (in shares)	14,597,079	10,202,000
Net asset value per share attributable to common shares (in dollars per share)		$ 18.91