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Real Estate Owned, net (Tables)
6 Months Ended
Jun. 30, 2022
Real Estate Owned Disclosure Of Detailed Components [Abstract]  
Summary of additional detail related to the company's real estate owned, net

The following table presents additional detail related to our real estate owned, net as of June 30, 2022 and December 31, 2021 ($ in thousands):

 

 

 

June 30, 2022

 

 

December 31, 2021

 

Land

 

$

123,100

 

 

$

123,100

 

Building

 

 

284,400

 

 

 

284,400

 

Capital Improvements

 

 

1,744

 

 

 

-

 

Furniture, fixtures and equipment

 

 

6,500

 

 

 

6,500

 

Real estate assets

 

 

415,744

 

 

 

414,000

 

Less: accumulated depreciation

 

 

(11,051

)

 

 

(7,113

)

Real estate owned, net

 

$

404,693

 

 

$

406,887