Consolidated Statements of Operations - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue
Interest and related income		$ 697,874	$ 470,668	$ 415,263
Less: interest and related expense		470,512	246,937	180,589
Net interest income		227,362	223,731	234,674
Revenue from real estate owned		79,190	63,470	27,984
Total net revenue		306,552	287,201	262,658
Expenses
Management fees - affiliate		38,153	39,461	39,135
Incentive fees - affiliate		1,558
General and administrative expenses		16,605	18,686	12,591
Stock-based compensation expense		16,599	7,457	8,812
Real estate owned:
Operating expenses		49,502	41,982	25,081
Interest expense		23,630	14,170	15,643
Depreciation and amortization		9,287	8,041	7,113
Total expenses		155,334	129,797	108,375
Gain (loss) on sale of loan		575	30,090	(141)
Proceeds from interest rate cap		6,101	495
Unrealized (loss) gain on interest rate cap		(5,157)	6,042
Gain on foreclosure of real estate owned		4,162		1,430
Income from equity method investment		594	2,485
Gain on extinguishment of debt		2,217
Other income				5,855
(Provision for) reversal of current expected credit loss reserve		(153,683)	(84,361)	8,962
Net income		6,027	112,155	170,389
Net income (loss) attributable to non-controlling interests			91	(164)
Net income attributable to preferred stock				16
Net income attributable to common stock		$ 6,027	$ 112,064	$ 170,537
Net income per share of common stock:
Basic		$ 0.02	$ 0.79	$ 1.27
Diluted		$ 0.02	$ 0.79	$ 1.27
Weighted average shares of common stock outstanding:
Basic	[1]	138,617,043	139,306,311	134,539,645
Diluted	[1]	138,617,043	139,306,311	134,539,645

[1] Amounts as of December 31, 2023, 2022, and 2021 include 41,780, 6,850, and 0 fully vested RSUs, respectively.