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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
2 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2019
Nov. 14, 2019
Dec. 31, 2021
Dec. 31, 2020
Statement of Cash Flows [Abstract]        
Financial Designation Successor Predecessor Successor Successor
Cash flows from operating activities        
Net income $ 5,313 $ 69,923 [1] $ 82,488 $ 90,231
Adjustments to reconcile net income to net cash provided by operating activities:        
Accretion of deferred origination and amendment fees 0 0 [1] (27,741) (23,114)
Depreciation and amortization 1,038 112 [1] 741 (558)
Amortization of right of use assets 0 0 [1] 382 446
Amortization of debt issuance costs 0 0 [1] 78 0
Amortization of credit facility costs 0 0 [1] 1,255 0
Stock-based compensation expense for restricted stock units 1,417 0 [1] 3,455 4,867
Compensation expense related to grant of profits interest 0 734 [1] 0 0
Compensation expense related to grant of Class A units 0 474 [1] 0 0
Provision for credit losses, net 0 3,342 [1] 6,179 6,722
Write down of investment in real property 0 179 [1] 0 0
Change in fair value of warrant liabilities 4,924 0 [1] 1,838 (5,492)
Changes in operating assets and liabilities:        
Interest and fees receivable, net 1,908 (5,134) [1] (3,169) (10,249)
Other assets (1,291) (290) [1] 385 (1,073)
Accounts payable and accrued liabilities (7,669) 22,158 [1] (1,397) 2,469
Lease liabilities 0 0 [1] (364) (446)
Net cash provided by operating activities 5,640 91,498 [1] 64,130 63,803
Cash flows from investing activities:        
Purchases of property and equipment (13,740) (268) [1] (476) 0
Proceeds from sale of real property 2,577 6,363 [1] 4,319 6,356
Improvements to investments in real property 0 (308) [1] (4,435) (119)
Repurchase of participations in mortgage notes receivable 0 0 [1] (43,498) 0
Change in mortgage notes receivable, net (14,729) (222,178) [1] (91,989) 26,185
Net cash used in investing activities (25,892) (216,391) [1] (136,079) 32,422
Cash flows from financing activities:        
Proceeds from recapitalization with Trinity Merger Sub 327,056 0 [1] 0 0
Contributions from members 0 356,386 [1] 0 0
Contributions received in advance 0 (24,507) [1] 0 0
Dividends paid 0 0 [1] (110,072) (111,064)
Distributions (1,992) (74,900) [1] 0 0
Redemptions of members 0 (155,744) [1] 0 0
Proceeds from exercise of warrants 11 0 [1] 0 0
Consent fee paid to holders of Public Warrants (66,679) 0 [1] 0 0
Proceeds from issuance of senior unsecured notes 0 0 [1] 100,000 0
Payment of debt issue costs     (2,855)  
Payment of costs to obtain financing 0 0 [1] (5,125) 0
Proceeds from borrowings on credit facilities 0 0 [1] 50,000 0
Repayment of borrowings on credit facilities 0 0 [1] (50,000) 0
Payment of taxes on shares withheld for tax liability 0 0 [1] (485) 0
Net Cash Provided by (Used in) Financing Activities, Total 258,396 101,235 [1] (18,537) (111,064)
Net increase (decrease) in cash and cash equivalents 238,144 (23,658) [1] (90,486) (14,839)
Cash and cash equivalents, beginning of period 88,576 [1] 112,234 [1] 223,375 238,214
Cash and cash equivalents, beginning of period 70      
Cash and cash equivalents, end of period 238,214 88,576 [1] 132,889 223,375
Supplemental disclosure of non-cash investing and financing activities        
Common stock issued in connection with the Business Combination 479,619 0 [1] 0 0
Common stock issued in connection with the Recapitalization of BRELF II 495,496 0 [1] 0 0
Common stock issued for transaction expenses in connection with Business Combination and Recapitalization 1,391 0 [1] 0 0
Assumption of consent fee liability in connection with the recapitalization with Trinity Merger Sub I, Inc. 66,679 0 [1] 0 0
Dividends payable 15,842 0 [1] 9,291 7,952
Reinvested distributions 0 33,637 [1] 0 0
Measurement period adjustment to goodwill and intangible assets 0 0 [1] 0 5,000
Mortgage notes receivable converted to real property owned 0 2,046 [1] 54,349 8,873
Interest and fee receivables converted to investment in real property 0 0 [1] 4,129 0
Operating lease right-of-use assets 0 0 [1] 6,360 0
Lease liabilities arising from obtaining right-of-use assets 0 0 [1] 8,319 0
Property and equipment purchased through tenant improvement allowance $ 0 $ 0 [1] $ 1,959 $ 0
[1] Predecessor period is combined as disclosed in Note 1.