Schedule of summary of the classification, UPB, and carrying value of loans by year of origination


			Carrying Value by Year of Origination
(In Thousands)	UPB		2020		2019		2018		2017		2016		Pre 2016		Total
December 31, 2020
Loans^{(1) (2)}
Originated Transitional loans	$	1,328,395	$	385,183	$	583,593	$	306,971	$	23,783	$	18,480	$	1,064	$	1,319,074
Originated SBC loans		1,052,705		66,715		486,033		237,313		110,354		43,696		112,444		1,056,555
Acquired loans		1,053,679		21,414		40,572		42,167		38,649		19,533		883,774		1,046,109
Originated SBA 7(a) loans		387,389		47,939		98,568		133,812		68,375		22,056		4,041		374,791
Acquired SBA 7(a) loans		262,571		139		19,658		14,636		283		19		204,703		239,438
Originated PPP loans, at fair value		74,931		74,931		—		—		—		—		—		74,931
Originated SBC loans, at fair value		14,088		—		—		—		1,598		6,442		5,755		13,795
Originated Residential Agency loans		3,208		1,571		645		705		—		88		199		3,208
Total Loans, before general allowance for loans losses	$	4,176,966	$	597,892	$	1,229,069	$	735,604	$	243,042	$	110,314	$	1,211,980	$	4,127,901
General allowance for loan losses															$	(29,539)
Total Loans, net															$	4,098,362
(1) Loan balances include specific allowance for loan losses of $17.2 million
(2) Includes Loans, net in consolidated VIEs

Schedule of delinquency information on loans, net


	December 31, 2020
Loans (In Thousands)	Current and less than 30 days past due		30-59 days past due		60+ days past due		Total Loans Carrying Value		Non-Accrual Loans		90+ days past due and Accruing
Loans⁽¹⁾⁽²⁾
Originated Transitional loans	$	1,281,579	$	17,713	$	19,782	$	1,319,074	$	19,416	$	—
Originated SBC loans		1,000,878		6,591		49,086		1,056,555		37,635		—
Acquired loans		978,346		7,729		60,034		1,046,109		57,020		—
Originated SBA 7(a) loans		369,416		1,741		3,634		374,791		8,668		—
Acquired SBA 7(a) loans		228,651		4,008		6,779		239,438		9,001		—
Originated PPP loans, at fair value		74,931		—		—		74,931		—		—
Originated SBC loans, at fair value		13,795		—		—		13,795		—		—
Originated Residential Agency loans		538		654		2,016		3,208		2,418		—
Total Loans, before general allowance for loans losses	$	3,948,134	$	38,436	$	141,331	$	4,127,901	$	134,158	$	—
General allowance for loan losses							$	(29,539)
Total Loans, net							$	4,098,362
Percentage of loans outstanding		95.7%		0.9%		3.4%		100%		3.3%		0.0%
(1) Loan balances include specific allowance for loan losses of $17.2 million
(2) Includes Loans, net in consolidated VIEs


	December 31, 2019
Loans (In Thousands)	Current and less than 30 days past due		30-59 days past due		60+ days past due		Total Loans Carrying Value		Non-Accrual Loans		90+ days past due and Accruing
Loans⁽¹⁾⁽²⁾
Originated Transitional loans	$	1,074,955	$	5,728	$	5,645	$	1,086,328	$	24,587	$	—
Originated SBC loans		1,137,140		11,769		19,990		1,168,899		16,089		—
Acquired loans		1,032,259		41,830		20,194		1,094,283		23,500		3,382
Acquired SBA 7(a) loans		297,172		4,048		5,640		306,860		9,177		1,326
Originated SBC loans, at fair value		20,212		—		—		20,212		—		—
Originated SBA 7(a) loans		370,101		2,085		4,443		376,629		8,882		—
Originated Residential Agency loans		582		209		2,605		3,396		2,105		74
Total Loans, before general allowance for loans losses	$	3,932,421	$	65,669	$	58,517	$	4,056,607	$	84,340	$	4,782
General allowance for loan losses							$	(2,424)
Total Loans, net							$	4,054,183
Percentage of loans outstanding		97.0%		1.6%		1.4%		100%		2.1%		0.1%
(1) Loan balances include specific allowance for loan losses of $5.0 million
(2) Includes Loans, net in consolidated VIEs

Schedule of activity of the allowance for loan losses for loans


	Year Ended December 31, 2020
(In Thousands)	Originated SBC loans		Originated Transitional loans		Acquired loans		Acquired SBA 7(a) loans		Originated SBA 7(a) loans		Originated Residential Agency Loans		Total Allowance for loan losses
General	$	2,640	$	14,995	$	5,457	$	767	$	5,680	$	—	$	29,539
Specific		6,200		—		2,840		3,782		4,371		—		17,193
Ending balance	$	8,840	$	14,995	$	8,297	$	4,549	$	10,051	$	—	$	46,732


	Year Ended December 31, 2019
(In Thousands)	Originated SBC loans		Originated Transitional loans		Acquired loans		Acquired SBA 7(a) loans		Originated SBA 7(a) loans		Originated Residential Agency Loans		Total Allowance for loan losses
General	$	124	$	64	$	803	$	414	$	1,019	$	—	$	2,424
Specific		180		124		86		941		762		—		2,093
PCD		—		—		2,165		759		—		—		2,924
Ending balance	$	304	$	188	$	3,054	$	2,114	$	1,781	$	—	$	7,441


	Year Ended December 31, 2020
(In Thousands)	Originated SBC loans		Originated Transitional loans		Acquired loans		Acquired SBA 7(a) loans		Originated SBA 7(a) loans		Originated Residential Agency Loans		Total Allowance for loan losses
Beginning balance	$	304	$	188	$	3,054	$	2,114	$	1,781	$	—	$	7,441
Cumulative-effect adjustment upon adoption of ASU 2016-13		2,400		1,906		1,878		3,562		1,379		—		11,125
Provision for (Recoveries of) loan losses		6,335		16,247		3,502		141		7,560		—		33,785
Charge-offs and sales		(199)		(3,346)		(137)		(1,396)		(717)		—		(5,795)
Recoveries		—		—		—		128		48		—		176
Ending balance	$	8,840	$	14,995	$	8,297	$	4,549	$	10,051	$	—	$	46,732


	Year Ended December 31, 2019
(In Thousands)	Originated SBC loans		Originated Transitional loans		Acquired loans		Acquired SBA 7(a) loans		Originated SBA 7(a) loans		Originated Residential Agency Loans		Total Allowance for loan losses
Beginning balance	$	11	$	353	$	5,052	$	2,318	$	586	$	—	$	8,320
Provision for (recoveries of) loan losses		420		(167)		781		939		1,711		—		3,684
Charge-offs and sales		(127)		—		(1,144)		(1,282)		(516)		—		(3,069)
Recoveries		—		2		(1,635)		139		—		—		(1,494)
Ending balance	$	304	$	188	$	3,054	$	2,114	$	1,781	$	—	$	7,441

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


	Year Ended December 31, 2020						Year Ended December 31, 2019
(In Thousands, except number of loans)	SBC		SBA		Total		SBC		SBA		Total
Number of loans permanently modified		5		28		33		3		31		34
Pre-modification recorded balance ^(a)	$	10,963	$	8,420	$	19,383	$	2,169	$	4,045	$	6,214
Post-modification recorded balance ^(a)	$	10,963		8,455	$	19,418	$	2,169	$	3,778	$	5,947

Number of loans that remain in default as of 2020 ^(b)		3		4		7		3		8		11
Balance of loans that remain in default as of 2020 ^(b)	$	5,285	$	302	$	5,587	$	2,240	$	534	$	2,774

Concession granted ^(a):
Term extension	$	—	$	7,020	$	7,020	$	—	$	4,033	$	4,033
Interest rate reduction		—		—		—		—		—		—
Principal reduction		—		—		—		—		—		—
Foreclosure		5,285		302		5,587		2,240		264		2,504
Total	$	5,285	$	7,322	$	12,607	$	2,240	$	4,297	$	6,537
(a) Represents carrying value.
(b) Represents the December 31, 2020 carrying values of the TDRs that occurred during the year ended December 31, 2020 and 2019 that remained in default as of December 31, 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 non-accrual loans


(In Thousands)	December 31, 2020		December 31, 2019
Non-accrual loans
With an allowance	$	75,862	$	20,657
Without an allowance		58,296		63,683
Total recorded carrying value of non-accrual loans	$	134,158	$	84,340
Allowance for loan losses related to non-accrual loans	$	(17,367)	$	(3,581)
Unpaid principal balance of non-accrual loans	$	158,471	$	98,498
Interest income on non-accrual loans for the year ended	$	3,212	$	3,132

Schedule of concentration risk of loans secured by real estate


Geographic Concentration (% of Unpaid Principal Balance)	December 31, 2020		December 31, 2019
California	18.1	%	16.9	%
Texas	14.2		15.2
New York	9.8		8.3
Florida	7.8		8.3
Illinois	5.2		5.2
Georgia	4.9		4.8
North Carolina	3.1		3.2
Washington	3.1		2.8
Arizona	2.8		3.4
Colorado	2.8		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 consolidated balance sheets.


Collateral Concentration (% of Unpaid Principal Balance)	December 31, 2020		December 31, 2019
Multi-family	23.8	%	26.6	%
SBA⁽¹⁾	17.4		17.6
Retail	17.3		17.5
Office	13.1		12.9
Mixed Use	13.1		10.4
Industrial	7.0		6.4
Lodging/Residential	3.2		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 consolidated balance sheets.


Collateral Concentration (% of Unpaid Principal Balance)	December 31, 2020		December 31, 2019
Lodging	17.2	%	17.3	%
Offices of Physicians	12.0		14.1
Child Day Care Services	7.2		8.1
Eating Places	5.3		6.1
Gasoline Service Stations	3.4		3.7
Veterinarians	3.3		4.1
Executive Search Services	2.6		—
All Other Miscellaneous Store Retailers (except Tobacco Stores)	2.3		—
Funeral Service & Crematories	1.8		2.0
Grocery Stores	1.7		2.0
Other	43.2		42.6
Total	100.0	%	100.0	%