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Concentration of Risk (Tables)
12 Months Ended
Dec. 31, 2022
Commercial Property  
Concentration Risk [Line Items]  
Concentrations of Loans Unpaid Principal Balance and Real Estate Owned Net As of December 31, 2022 and 2021, geographic and property type concentrations of loans, by unpaid principal balance, were as follows:

 

 

December 31,

 

 

 

 

2022

 

 

2021

 

 

Geographic concentration:

 

 

 

 

 

 

 

California

 

 

22.8

 

%

 

23.3

 

%

New York

 

 

19.9

 

 

 

21.4

 

 

Florida

 

 

13.3

 

 

 

13.5

 

 

New Jersey

 

 

7.5

 

 

 

7.7

 

 

Other states (individually less than 5.0%)

 

 

36.5

 

 

 

34.1

 

 

 

 

 

100.0

 

%

 

100.0

 

%

 

 

 

December 31,

 

 

 

 

2022

 

 

2021

 

 

Property type concentration:

 

 

 

 

 

 

 

Investor 1-4

 

 

52.7

 

%

 

50.7

 

%

Mixed use

 

 

12.6

 

 

 

12.8

 

 

Retail

 

 

8.7

 

 

 

9.1

 

 

Multifamily

 

 

8.6

 

 

 

8.8

 

 

Office

 

 

5.7

 

 

 

6.1

 

 

Warehouse

 

 

6.4

 

 

 

6.7

 

 

Other (individually less than 5.0%)

 

 

5.3

 

 

 

5.8

 

 

 

 

 

100.0

 

%

 

100.0

 

%

Real Estate Owned, Net  
Concentration Risk [Line Items]  
Concentrations of Loans Unpaid Principal Balance and Real Estate Owned Net

As of December 31, 2022 and 2021, the Company held $13.3 million and $17.6 million, respectively, of real estate owned, net, with geographic concentrations as follows:

 

 

December 31,

 

 

 

 

2022

 

 

2021

 

 

Geographic concentration:

 

 

 

 

 

 

 

Maryland

 

 

16.8

 

%

 

21.4

 

%

Connecticut

 

 

 

 

 

6.1

 

 

Ohio

 

 

1.4

 

 

 

11.9

 

 

California

 

 

 

 

 

24.9

 

 

North Carolina

 

 

 

 

 

1.1

 

 

New Jersey

 

 

11.2

 

 

 

10.7

 

 

Florida

 

 

16.1

 

 

 

 

 

Massachusetts

 

 

21.3

 

 

 

 

 

New York

 

 

5.7

 

 

 

 

 

Texas

 

 

14.1

 

 

 

 

 

Other states (individually less than 5.0%)

 

 

13.4

 

 

 

23.9

 

 

 

 

 

100.0

 

%

 

100.0

 

%