XML 68 R55.htm IDEA: XBRL DOCUMENT v3.22.1
Investment Portfolio Financing - Additional Information (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Feb. 22, 2022
USD ($)
Lender
Mar. 31, 2022
USD ($)
CreditFacility
Agreement
Mar. 31, 2021
USD ($)
Dec. 31, 2021
CreditFacility
Agreement
Jun. 16, 2021
shares
Debt Instrument [Line Items]          
Amortization of deferred financing costs   $ 4,521 $ 3,818    
Secured Revolving Credit Facility          
Debt Instrument [Line Items]          
Maximum commitment amount $ 250,000 $ 43,000      
Number of lenders provided credit facility | Lender 5        
Credit facility term   3 years      
Unused fee, Target utilization percent 50.00%        
Percentage of unused fee   0.20%      
Maximum period Permits to finance eligible loans 180 days        
Initial advance rate 75.00%        
Outstanding borrowings   $ 32,300      
Secured Revolving Credit Facility | Minimum          
Debt Instrument [Line Items]          
Percentage of unused fee 0.15%        
Secured Revolving Credit Facility | Maximum          
Debt Instrument [Line Items]          
Percentage of unused fee 0.20%        
Term SOFR | Secured Revolving Credit Facility          
Debt Instrument [Line Items]          
Line of credit, spread on variable rate 2.00%        
FL5 Notes          
Debt Instrument [Line Items]          
Amortization of deferred financing costs   1,100      
Mortgages          
Debt Instrument [Line Items]          
Mortgage loan payable   50,000      
Posted cash to pre-fund interest payments   $ 2,400      
Mortgages | LIBOR          
Debt Instrument [Line Items]          
Line of credit, spread on variable rate   4.50%      
Series B Preferred Stock          
Debt Instrument [Line Items]          
Covenant maximum debt equity ratio   3.0      
Redeemed outstanding shares | shares         9,000,000
Holdco | Secured Revolving Credit Facility          
Debt Instrument [Line Items]          
Recourse guarantee percentage 100.00%        
Interest Rate Floor | Mortgages | LIBOR          
Debt Instrument [Line Items]          
Line of credit, spread on variable rate   0.50%      
Rate Cap | Mortgages          
Debt Instrument [Line Items]          
Line of credit, spread on variable rate   0.50%      
After 90 days from initial borrowing | Secured Revolving Credit Facility          
Debt Instrument [Line Items]          
Initial advance rate 65.00%        
After 135 days from initial borrowing | Secured Revolving Credit Facility          
Debt Instrument [Line Items]          
Initial advance rate 45.00%        
After 180 days from initial borrowing | Secured Revolving Credit Facility          
Debt Instrument [Line Items]          
Initial advance rate 0.00%        
Secured Credit Agreements          
Debt Instrument [Line Items]          
Number of secured credit agreements | Agreement   7   7  
Recourse guarantee percentage   25.00%      
Secured Credit Agreements | Commercial Mortgage Loans          
Debt Instrument [Line Items]          
Number of secured credit facilities | CreditFacility   58   53  
Secured Credit Facilities | Holdco          
Debt Instrument [Line Items]          
Recourse guarantee percentage       25.00%