COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES    As further discussed in Note 2, the impact of the current macroeconomic and geopolitical conditions on the Company’s business is uncertain. As of June 30, 2022, there were no contingencies recorded on the Company’s consolidated

balance sheets as a result of such conditions or the ongoing effects of the COVID-19 pandemic, however, if global market conditions worsen, it could adversely affect the Company’s business, financial condition and results of operations.

    As of June 30, 2022 and December 31, 2021, the Company had the following commitments to fund various senior mortgage loans, subordinated debt investments, as well as preferred equity investments accounted for as loans held for investment ($ in thousands):

	As of
	June 30, 2022		December 31, 2021
Total commitments	$	2,910,504	$	2,662,853
Less: funded commitments	(2,625,448)		(2,429,112)
Total unfunded commitments	$	285,056	$	233,741

The Company from time to time may be a party to litigation relating to claims arising in the normal course of business. As of June 30, 2022, the Company is not aware of any legal claims that could materially impact its business, financial condition or results of operations.