RESTRICTED CASH	3 Months Ended
Mar. 31, 2025
Cash and Cash Equivalents [Abstract]
RESTRICTED CASH	RESTRICTED CASH 2021-FL1 CLO was actively managed with an initial reinvestment period of 30 months which expired in December 2023. Restricted cash held in 2021-FL1 CLO primarily represents proceeds from principal repayments held by the servicer which are to be submitted to the Class A Note holders during the subsequent remittance cycle. LMF 2023-1 Financing is actively managed with an initial reinvestment period of 24 months that expires in July 2025. As loans payoff or mature, as applicable, during this reinvestment period, cash received is restricted and intended to be reinvested within LMF 2023-1 Financing in accordance with the terms and conditions of its respective governing agreement.

RESTRICTED CASH

3 Months Ended

Mar. 31, 2025

Cash and Cash Equivalents [Abstract]

2021-FL1 CLO was actively managed with an initial reinvestment period of 30 months which expired in December 2023. Restricted cash held in 2021-FL1 CLO primarily represents proceeds from principal repayments held by the servicer which are to be submitted to the Class A Note holders during the subsequent remittance cycle.

LMF 2023-1 Financing is actively managed with an initial reinvestment period of 24 months that expires in July 2025. As loans payoff or mature, as applicable, during this reinvestment period, cash received is restricted and intended to be reinvested within LMF 2023-1 Financing in accordance with the terms and conditions of its respective governing agreement.