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Subsequent Events
6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
The following events occurred subsequent to June 30, 2023:
The Company closed one first mortgage loan with a total loan commitment of $43.6 million and initial funding of $37.2 million. The first mortgage loan is secured by two select service hotels.
The Company sold on July 21, 2023 a defaulted first mortgage loan relating to an 82,123 square foot mixed-use property (office and retail). As of June 30, 2023, the unpaid principal balance of the loan was $128.5 million, net of lender-held operating reserves, and the loan carried a "5" risk rating.