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Interest income and interest expense (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income        
Total loans, net $ 224,364 $ 226,916 $ 454,447 $ 438,844
Total loans, held for sale 5,326 725 5,544 1,467
Investments held to maturity 14 12 27 20
Preferred equity investments 3,439 2,193 4,523 4,361
Mortgage backed securities, at fair value 976 1,158 1,932 2,280
Total interest income 234,119 231,004 466,473 446,972
Interest expense        
Secured borrowings (51,500) (47,282) (99,138) (92,502)
Paycheck Protection Program Liquidity Facility borrowings (24) (124) (52) (288)
Securitized debt obligations of consolidated VIEs (94,476) (99,558) (194,728) (190,159)
Guaranteed loan financing (17,782) (4,693) (36,290) (9,565)
Senior secured note (6,368) (4,397) (10,749) (8,778)
Convertible note   (2,188)   (4,376)
Corporate debt (13,017) (11,979) (26,015) (23,421)
Total interest expense (183,167) (170,221) (366,972) (329,089)
Net interest income before provision for loan losses 50,952 60,783 99,501 117,883
Bridge        
Interest income        
Total loans, net 146,418 165,788 294,691 326,219
Total loans, held for sale 124   124  
Fixed rate        
Interest income        
Total loans, net 11,693 12,164 23,959 25,192
Total loans, held for sale 264 701 264 1,436
Construction        
Interest income        
Total loans, net 25,963 22,337 56,131 34,503
Total loans, held for sale 4,400   4,400  
SBA 7(a)        
Interest income        
Total loans, net 31,945 15,335 63,235 30,256
Paycheck Protection Program loans, held for investment        
Interest income        
Total loans, net 127 3,435 428 6,442
Other        
Interest income        
Total loans, net 8,218 7,857 16,003 16,232
Total loans, held for sale $ 538 $ 24 $ 756 $ 31