Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Summary of Fair Value of Financial Assets and Liabilities

The following tables provide information about the fair value of the Company’s financial assets and liabilities on the Company’s consolidated balance sheets (dollars in thousands):

	June 30, 2023
					Fair value
	Principal balance		Carrying value		Level I		Level II		Level III
Financial assets
Loans held for investment	$	4,567,250	$	4,297,350	$	—	$	—	$	4,479,223
Financial liabilities
Collateralized loan obligations	2,142,939		2,136,382		—		—		2,020,326
Secured credit agreements	1,039,185		1,035,634		—		—		1,028,114
Asset-specific financing arrangements	492,563		490,581		—		—		490,877
Mortgage loan payable	31,200		30,475		—		—		31,200

	December 31, 2022
					Fair value
	Principal balance		Carrying value		Level I		Level II		Level III
Financial assets
Loans held for investment	$	5,004,798	$	4,781,402	$	—	$	—	$	4,922,290
Financial liabilities
Collateralized loan obligations	2,461,170		2,452,212		—		—		2,498,853
Secured credit agreements	1,108,386		1,105,151		—		—		1,128,847
Asset-specific financing arrangements	565,376		561,017		—		—		571,097
Secured revolving credit facility	44,279		42,137		—		—		42,137