Beneficial Interests (Tables)

6 Months Ended

Jun. 30, 2024

Beneficial Interests [Abstract]

Schedule of Beneficial Interests

The following table presents the aggregate outstanding principal balance of the underlying loan portfolios as well as the fair value of beneficial interest assets, which are presented as a separate asset line item on the condensed consolidated balance sheets and beneficial interest liabilities which are presented in other liabilities on the condensed consolidated balance sheets.

	December 31, 2023				June 30, 2024
	Outstanding Principal Balance		Fair Value		Outstanding Principal Balance		Fair Value
Beneficial interest assets	$	958,870	$	41,012	$	2,117,435	$	97,804
Beneficial interest liabilities	$	769,102	$	4,221	$	1,010,089	$	11,198

The Company recognizes beneficial interests at fair value with changes reported as part of the fair value and other adjustments on the condensed consolidated statements of operations and comprehensive loss. The table below presents losses recognized on beneficial interests during the following periods:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2024		2023		2024
Fair value adjustments and realized losses on beneficial interests, net	$	(1,956)	$	(8,176)	$	(1,956)	$	(22,210)