CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Revenue:
Interest income	$ 23,117	$ 40,847	$ 50,597	$ 84,880
Interest expense	(16,101)	(27,483)	(34,290)	(56,302)
Net interest margin	7,016	13,364	16,307	28,578
Revenue from real estate owned	5,549	3,433	11,206	6,910
Total revenue	12,565	16,797	27,513	35,488
Expenses:
Management and incentive fees to affiliate	2,430	2,692	4,997	5,460
Professional fees	673	757	1,550	1,290
General and administrative expenses	1,995	1,957	3,715	4,038
General and administrative expenses reimbursed to affiliate	1,024	1,277	2,027	2,409
Expenses from real estate owned	4,628	2,226	9,123	4,262
Total expenses	10,750	8,909	21,412	17,459
(Provision for) reversal of current expected credit losses, net	20,150	2,374	25,490	24,643
Realized losses on loans	(33,000)	(16,387)	(33,000)	(62,113)
Change in unrealized losses on loans held for sale	0	0	0	995
Income (loss) before income taxes	(11,035)	(6,125)	(1,409)	(18,446)
Income tax expense (benefit), including excise tax	0	0	281	2
Net income (loss) attributable to common stockholders	$ (11,035)	$ (6,125)	$ (1,690)	$ (18,448)
Earnings (loss) per common share:
Basic earnings (loss) per common share (in dollars per share)	$ (0.20)	$ (0.11)	$ (0.03)	$ (0.34)
Diluted earnings (loss) per common share (in dollars per share)	$ (0.20)	$ (0.11)	$ (0.03)	$ (0.34)
Weighted average number of common shares outstanding:
Basic weighted average shares of common stock outstanding (in shares)	54,856,949	54,426,112	54,842,959	54,411,255
Diluted weighted average shares of common stock outstanding (in shares)	54,856,949	54,426,112	54,842,959	54,411,255
Dividends declared per share of common stock (in dollars per share)	$ 0.15	$ 0.25	$ 0.30	$ 0.50