Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue
Interest and related income	$ 126,520	$ 103,876	$ 316,207	$ 314,326
Less: interest and related expense	67,985	45,430	154,436	138,187
Net interest income	58,535	58,446	161,771	176,139
Revenue from real estate owned	17,882	8,550	41,813	15,620
Total revenue	76,417	66,996	203,584	191,759
Expenses
Management fees - affiliate	9,944	9,789	29,594	29,152
General and administrative expenses	4,819	1,330	13,910	5,393
Stock-based compensation expense	3,426	(186)	4,030	(376)
Operating expenses from real estate owned	11,366	7,948	29,682	16,739
Interest expense on debt related to real estate owned	3,903	2,640	9,206	13,001
Depreciation on real estate owned	2,064	1,940	6,002	5,173
Total expenses	35,522	23,461	92,424	69,082
Realized gain on sale of loan			30,090
Unrealized gain on interest rate cap	2,776		5,613
Gain on foreclosure of real estate owned				1,430
Income from equity method investment	929		929
Other income				5,855
(Provision) reversal of current expected credit loss reserve	(2,352)	9,306	(12,984)	17,413
Income before income taxes	42,248	52,841	134,808	147,375
Income tax benefit				6,025
Net income	42,248	52,841	134,808	153,400
Net income (loss) attributable to non-controlling interests	177	(40)	91	(118)
Net income attributable to preferred stock		4		12
Net income attributable to common stock	$ 42,071	$ 52,877	$ 134,717	$ 153,506
Net income per share of common stock
Net income per share of common stock - basic	$ 0.30	$ 0.40	$ 0.95	$ 1.15
Net income per share of common stock - diluted	$ 0.30	$ 0.40	$ 0.95	$ 1.15
Weighted-average shares of common stock outstanding
Weighted-average shares of common stock outstanding - basic	139,430,153	133,433,487	139,592,500	133,491,390
Weighted-average shares of common stock outstanding - diluted	139,430,153	133,433,487	139,592,500	133,491,390