Schedule of classification, unpaid principal balance, and carrying value of loans held including loans of consolidated VIEs


	June 30, 2020				December 31, 2019
Loans (In Thousands)	Carrying Value		UPB		Carrying Value		UPB
Loans
Originated Transitional loans	$	410,249	$	413,526	$	593,657	$	600,226
Originated SBA 7(a) loans		293,713		295,956		297,934		299,580
Acquired SBA 7(a) loans		224,565		235,105		255,240		269,396
Originated SBC loans		207,983		205,879		133,118		132,227
Acquired loans		204,793		207,036		430,307		433,079
Originated PPP loans, at fair value		105,248		105,248		—		—
Originated SBC loans, at fair value		19,050		19,551		20,212		19,565
Originated Residential Agency loans		4,295		4,295		3,396		3,395
Total Loans, before allowance for loan losses	$	1,469,896	$	1,486,596	$	1,733,864	$	1,757,468
Allowance for loan losses	$	(37,089)		—	$	(5,880)		—
Total Loans, net	$	1,432,807	$	1,486,596	$	1,727,984	$	1,757,468
Loans in consolidated VIEs
Loans
Originated SBC loans	$	969,659	$	960,765	$	1,037,844	$	1,026,921
Originated Transitional loans		858,613		864,000		490,913		493,217
Acquired loans		794,473		798,841		666,226		671,698
Originated SBA 7(a) loans		73,018		77,203		79,457		83,559
Acquired SBA 7(a) loans		46,385		57,924		53,320		66,997
Total Loans, in consolidated VIEs, before allowance for loan losses	$	2,742,148	$	2,758,733	$	2,327,760	$	2,342,392
Allowance for loan losses on loans in consolidated VIEs	$	(19,974)		—	$	(1,561)		—
Total Loans, net, in consolidated VIEs	$	2,722,174	$	2,758,733	$	2,326,199	$	2,342,392
Total Loans, net, and Loans, net in consolidated VIEs	$	4,154,981	$	4,245,329	$	4,054,183	$	4,099,860
Loans, held for sale, at fair value
Originated Residential Agency loans	$	269,421	$	255,745	$	136,506	$	132,016
Originated Freddie Mac loans		15,355		15,071		21,775		21,513
Originated SBA 7(a) loans		12,382		11,552		28,551		26,669
Acquired loans		511		518		1,245		1,208
Total Loans, held for sale, at fair value	$	297,669	$	282,886	$	188,077	$	181,406
Loans, held for sale, at fair value in consolidated VIEs
Loans, held for sale, at fair value
Acquired loans	$	3,635	$	3,617	$	4,434	$	4,400
Total Loans, held for sale, at fair value in consolidated VIEs	$	3,635	$	3,617	$	4,434	$	4,400
Total Loans, held for sale, at fair value, and Loans, held for sale, at fair value in consolidated VIEs	$	301,304	$	286,503	$	192,511	$	185,806
Total Loan portfolio	$	4,456,285	$	4,531,832	$	4,246,694	$	4,285,666

Schedule of delinquency information on loans by year of origination


			Carrying Value by Year of Origination
(In Thousands)	UPB		2020		2019		2018		2017		2016		Pre 2016		Total
June 30, 2020
Loans^{(1) (2)}
Current and less than 30 days past due	$	3,846,470	$	391,330	$	1,291,375	$	737,627	$	231,941	$	92,100	$	1,066,352	$	3,810,725
30-89 Days Past Due		303,591		529		49,852		40,313		30,283		9,790		174,306		305,073
90+ Days		95,268		382		1,366		14,597		16,247		20,937		28,623		82,152
Total Loans, before general allowance for loans losses	$	4,245,329	$	392,241	$	1,342,593	$	792,537	$	278,471	$	122,827	$	1,269,281	$	4,197,950
General allowance for loan losses															$	(42,969)
Total Loans, net															$	4,154,981

Schedule of information on credit quality of loans


	Loan-to-Value (a)
(In Thousands)	0.0 – 20.0%		20.1 – 40.0%		40.1 – 60.0%		60.1 – 80.0%		80.1 – 100.0%		Greater than 100.0%		Total
June 30, 2020
Loans^{(1) (2)}
Originated Transitional loans	$	5,407	$	35,443	$	223,154	$	897,430	$	104,974	$	2,367	$	1,268,775
Originated SBC loans		—		66,041		463,824		613,058		22,754		8,737		1,174,414
Acquired loans		222,563		378,245		236,043		113,572		28,988		18,419		997,830
Originated SBA 7(a) loans		1,365		15,494		48,894		133,045		63,760		99,642		362,200
Acquired SBA 7(a) loans		8,741		38,950		96,622		65,475		30,392		25,958		266,138
Originated PPP loans, at fair value		—		—		—		—		—		105,248		105,248
Originated SBC loans, at fair value		—		7,591		—		11,459		—		—		19,050
Originated Residential Agency loans		—		51		90		810		3,069		275		4,295
Total Loans, before general allowance for loans losses	$	238,076	$	541,815	$	1,068,627	$	1,834,849	$	253,937	$	260,646	$	4,197,950
General allowance for loan losses													$	(42,969)
Total Loans, net													$	4,154,981
Percentage of outstanding		5.7	%	12.9	%	25.5	%	43.7	%	6.0	%	6.2	%
December 31, 2019
Loans^{(1) (2)}
Originated Transitional loans	$	1,736	$	28,108	$	277,388	$	750,298	$	28,059	$	739	$	1,086,328
Originated SBC loans		—		60,601		431,312		660,733		8,045		8,208		1,168,899
Acquired loans		218,679		371,471		293,216		161,431		35,731		13,755		1,094,283
Acquired SBA 7(a) loans		7,712		39,566		103,590		83,954		39,726		32,312		306,860
Originated SBC loans, at fair value		—		8,192		—		6,422		5,598		—		20,212
Originated SBA 7(a) loans		865		13,843		41,166		130,177		78,544		112,034		376,629
Originated Residential Agency loans		—		51		—		830		2,393		122		3,396
Total Loans, before allowance for loans losses	$	228,992	$	521,832	$	1,146,672	$	1,793,845	$	198,096	$	167,170	$	4,056,607
General allowance for loan losses													$	(2,424)
Total Loans, net													$	4,054,183
Percentage of outstanding		5.6	%	12.9	%	28.3	%	44.2	%	4.9	%	4.1	%
(a) Loan-to-value is calculated as carrying amount as a percentage of current collateral value
(1) Loan balances include specific allowance for loan loss reserves.
(2) Includes Loans, net in consolidated VIEs

Schedule of non-accrual loans


(In Thousands)	June 30, 2020		December 31, 2019
Non-accrual loans
With an allowance	$	26,429	$	18,063
Without an allowance		61,657		60,036
Total recorded carrying value of non-accrual loans	$	88,086	$	78,099
Allowance for loan losses related to non-accrual loans	$	(13,192)	$	(2,093)
Unpaid principal balance of non-accrual loans	$	108,615	$	83,991

	June 30, 2020		June 30, 2019
Interest income on non-accrual loans for the three months ended	$	290	$	328
Interest income on non-accrual loans for the six months ended	$	1,061	$	934

Schedule of TDR modifications by primary modification type and related financial effects


	Three Months Ended June 30, 2020						Three Months Ended June 30, 2019
(In Thousands, except number of loans)	SBC		SBA		Total		SBC		SBA		Total
Number of loans permanently modified		2		3		5		—		5		5
Pre-modification recorded balance ^(a)	$	8,305	$	211	$	8,516	$	—	$	193	$	193
Post-modification recorded balance ^(a)	$	8,305		250	$	8,555	$	—	$	180	$	180

Number of loans that remain in default as of June 30, 2020 ^(b)		2		—		2		—		—		—
Balance of loans that remain in default as of June 30, 2020 ^(b)	$	8,305	$	—	$	8,305	$	—	$	—	$	—

Concession granted ^(a):
Term extension	$	—	$	250	$	250	$	—	$	184	$	184
Interest rate reduction		—		—		—		—		—		—
Principal reduction		—		—		—		—		—		—
Foreclosure		8,305		—		8,305		—		—		—
Total	$	8,305	$	250	$	8,555	$	—	$	184	$	184
(a) Represents carrying value.
(b) Represents the June 30, 2020 carrying values of the TDRs that occurred during the three months ended June 30, 2020 and 2019 that remained in default as of June 30, 2020. Generally, all loans modified in a TDR are placed or remain on non-accrual status at the time of the restructuring. However, certain accruing loans modified in a TDR that are current at the time of restructuring may remain on accrual status if payment in full under the restructured terms is expected. For purposes of this schedule, a loan is considered in default if it is 30 or more days past due.


	Six Months Ended June 30, 2020						Six Months Ended June 30, 2019
(In Thousands, except number of loans)	SBC		SBA		Total		SBC		SBA		Total
Number of loans permanently modified		3		10		13		1		14		15
Pre-modification recorded balance ^(a)	$	8,456	$	2,978	$	11,434	$	103	$	1,872	$	1,975
Post-modification recorded balance ^(a)	$	8,456	$	3,018	$	11,474	$	103	$	1,829	$	1,932

Number of loans that remain in default as of June 30, 2020 ^(b)		2		1		3		1		5		6
Balance of loans that remain in default as of June 30, 2020 ^(b)	$	8,305	$	141	$	8,446	$	105	$	299	$	404

Concession granted ^(a):
Term extension	$	—	$	1,850	$	1,850	$	—	$	1,411	$	1,411
Interest rate reduction		—		—		—		—		—		—
Principal reduction		—		—		—		—		—		—
Foreclosure		8,305		141		8,446		105		217		322
Total	$	8,305	$	1,991	$	10,296	$	105	$	1,628	$	1,733
(a) Represents carrying value.
(b) Represents the June 30, 2020 carrying values of the TDRs that occurred during the six months ended June 30, 2020 and 2019 that remained in default as of June 30, 2020. Generally, all loans modified in a TDR are placed or remain on non-accrual status at the time of the restructuring. However, certain accruing loans modified in a TDR that are current at the time of restructuring may remain on accrual status if payment in full under the restructured terms is expected. For purposes of this schedule, a loan is considered in default if it is 30 or more days past due.

Schedule of concentration risk of loans secured by real estate


Geographic Concentration (% of Unpaid Principal Balance)	June 30, 2020		December 31, 2019
California	17.8	%	16.9	%
Texas	15.2		15.2
New York	8.4		8.3
Florida	8.1		8.3
Illinois	5.4		5.2
Georgia	4.7		4.8
Arizona	3.4		3.4
North Carolina	3.2		3.2
Washington	2.9		2.8
Colorado	2.7		2.8
Other	28.2		29.1
Total	100.0	%	100.0	%

Schedule of concentration risk of loans secured by real estate

The following table displays the collateral type concentration of the Company’s loans, net, on our unaudited interim consolidated balance sheets.


Collateral Concentration (% of Unpaid Principal Balance)	June 30, 2020		December 31, 2019
Multi-family	26.0	%	26.6	%
Retail	16.8		17.5
SBA⁽¹⁾	18.2		17.6
Office	12.3		12.9
Mixed Use	12.0		10.4
Industrial	6.5		6.4
Lodging/Residential	3.1		3.3
Other	5.1		5.3
Total	100.0	%	100.0	%
(1) Further detail provided on SBA collateral concentration is included in table below.

The following table displays the collateral type concentration of the Company’s SBA loans within loans, net, on our unaudited interim consolidated balance sheets.


Collateral Concentration (% of Unpaid Principal Balance)	June 30, 2020		December 31, 2019
Lodging	16.3	%	17.3	%
Offices of Physicians	12.4		14.1
Child Day Care Services	6.9		8.1
Eating Places	5.4		6.1
Veterinarians	3.4		4.1
Gasoline Service Stations	3.3		3.7
Funeral Service & Crematories	1.9		2.0
Grocery Stores	1.8		2.0
Auto	0.9		1.3
Other	47.7		41.3
Total	100.0	%	100.0	%