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Real Estate Owned (Tables)
9 Months Ended
Sep. 30, 2022
Real Estate [Abstract]  
Schedule of Company's REO Assets

The following table summarizes the Company’s real estate owned assets as of September 30, 2022:

 

Acquisition Date

 

Property Type

 

Primary Location(s)

 

Building and Improvements

 

 

Furniture, Fixtures and Equipment

 

 

Accumulated Depreciation

 

 

Real Estate Owned, Net

 

August 2020 (1)(2)

 

Hotel

 

Chicago, IL

 

$

26,683

 

 

$

6,995

 

 

$

(2,326

)

 

$

31,352

 

 

(1)
Refer to “Note 2 – Summary of Significant Accounting Policies” in the Annual Report for useful life of the above assets.
(2)
Represents assets acquired by the Company by completing a deed-in-lieu of foreclosure transaction.