XML 117 R93.htm IDEA: XBRL DOCUMENT v3.24.0.1
Interest income and interest expense (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income      
Total loans $ 930,572 $ 634,426 $ 374,688
Total loans, held for sale, at fair value 2,899 8,590 6,826
Investments held to maturity 48 4,386  
Preferred equity investments 7,854 10,445  
Mortgage backed securities, at fair value 4,441 5,370 13,682
Total interest income 945,814 663,217 395,196
Interest expense      
Secured borrowings (194,423) (127,388) (56,519)
Paycheck Protection Program Liquidity Facility borrowings (413) (1,699) (7,140)
Securitized debt obligations of consolidated VIEs (405,013) (185,047) (82,249)
Guaranteed loan financing (44,263) (14,644) (13,900)
Senior secured note (17,539) (17,503) (15,472)
Convertible note (5,418) (8,752) (8,752)
Corporate debt (49,399) (37,327) (20,336)
Total interest expense (716,468) (392,360) (204,368)
Net interest income before provision for loan losses 229,346 270,857 190,828
Bridge      
Interest income      
Total loans 654,670 414,308 148,038
Fixed rate      
Interest income      
Total loans 50,706 54,998 63,061
Total loans, held for sale, at fair value 2,279 7,581 2,556
Construction      
Interest income      
Total loans 93,483 28,234  
Other      
Interest income      
Total loans 33,158 38,797 46,848
Total loans, held for sale, at fair value 620 1,009 4,270
Acquired SBA 7(a) loans      
Interest income      
Total loans 88,205 43,571 37,540
Paycheck Protection Program loans, at fair value      
Interest income      
Total loans $ 10,350 $ 54,518 $ 79,201