CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Revenue:
Interest income	$ 24,906	$ 27,480
Interest expense	(17,361)	(18,189)
Net interest margin	7,545	9,291
Revenue from real estate owned	5,915	5,657
Total revenue	13,460	14,948
Expenses:
Management and incentive fees to affiliate	2,400	2,567
Professional fees	819	877
General and administrative expenses	1,417	1,720
General and administrative expenses reimbursed to affiliate	787	1,003
Expenses from real estate owned	3,134	4,495
Total expenses	8,557	10,662
(Provision for) reversal of current expected credit losses, net	(11,138)	5,340
Realized losses on loans	(3,340)	0
Income (loss) before income taxes	(9,575)	9,626
Income tax expense (benefit), including excise tax	30	281
Net income (loss) attributable to common stockholders	$ (9,605)	$ 9,345
Earnings (loss) per common share:
Basic earnings (loss) per common share (in dollars per share)	$ (0.17)	$ 0.17
Diluted earnings (loss) per common share (in dollars per share)	$ (0.17)	$ 0.17
Weighted average number of common shares outstanding:
Basic weighted average shares of common stock outstanding (in shares)	55,322,222	54,828,751
Diluted weighted average shares of common stock outstanding (in shares)	55,322,222	55,694,939
Dividend per share amount (in dollars per share)	$ 0.15	$ 0.15