XML 102 R91.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Interest income and interest expense (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Total loans, net $ 230,083 $ 211,928
Total loans, held for sale, at fair value 218 742
Investments held to maturity 13 8
Preferred equity investments 1,084 2,168
Mortgage backed securities, at fair value 956 1,122
Total interest income 232,354 215,968
Interest expense    
Secured borrowings (47,638) (45,220)
Securitized debt obligations of consolidated VIEs (100,252) (90,601)
Guaranteed loan financing (18,508) (4,872)
Senior secured note (4,381) (4,381)
Convertible note   (2,188)
Corporate debt (12,998) (11,442)
Total interest expense (183,805) (158,868)
Net interest income before provision for loan losses 48,549 57,100
Other Liabilities    
Interest expense    
Paycheck Protection Program Liquidity Facility borrowings (28) (164)
Bridge    
Interest income    
Total loans, net 148,273 160,431
Fixed rate    
Interest income    
Total loans, net 12,266 13,028
Total loans, held for sale, at fair value   735
Construction    
Interest income    
Total loans, net 30,168 12,166
SBA 7(a)    
Interest income    
Total loans, net 31,290 14,921
Paycheck Protection Program loans, held for investment | Other Assets    
Interest income    
Total loans, net 301 3,007
Other    
Interest income    
Total loans, net 7,785 8,375
Total loans, held for sale, at fair value $ 218 $ 7