Subsequent Events	12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 15 - Subsequent Events Dividend Declaration On January 15, 2023, our board of directors declared a monthly cash dividend of $0.035 per common share payable on February 15, 2023 to stockholders of record as of January 31, 2023, and on February 15, 2023, our board of directors declared a cash dividend of $0.035 per common share payable on March 15, 2023 to stockholders of record as of February 28, 2023. Investment in Real Property On January 24, 2023, the Company acquired via a deed-in-lieu of foreclosure an 84,378 square foot luxury apartment property in Colorado. The property previously served as collateral for a loan held for investment with a carrying value of $33.4 million, net of a CECL reserve of $2.8 million at December 31, 2022. On February 9, 2023 the Company acquired via a deed-in-lieu of foreclosure a 5.4 acre property in Illinois. The property previously served as collateral for a loan held for investment with a carrying value of $15.0 million, net of a CECL reserve of $0.3 million at December 31, 2022. On February 10, 2023, the Company acquired via foreclosure a 70.6 acre property in Utah. The property previously served as collateral for a loan held for investment with a carrying value of $8.5 million, net of a CECL reserve of $0.3 million at December 31, 2022. On February 15, 2023, the Company acquired via foreclosure a 123.4 acre property in Colorado. The property previously served as collateral for a loan held for investment with a carrying value of $9.5 million, net of a CECL reserve of $0.4 million at December 31, 2022. Agreement and Plan of Merger On February 26, 2023, the Company, Ready Capital Corporation (“Ready Capital”) and Ready Capital Merger Sub, LLC (“Merger Sub”) entered into an Agreement and Plan of Merger (the “Agreement”), pursuant to which the Company will merge with and into Merger Sub and each share of the Company’s common stock will be converted into 0.47233 shares of Ready Capital common stock. The transaction is expected to close during the second quarter of 2023, subject to the respective approvals by the stockholders of Ready Capital and the Company and other customary closing conditions. Ready Capital is a multi-strategy real estate finance company that originates, acquires finances, and services small-to-medium balance commercial loans and is headquartered in New York, New York.

Subsequent Events

12 Months Ended

Dec. 31, 2022

Note 15 - Subsequent Events

Dividend Declaration

On January 15, 2023, our board of directors declared a monthly cash dividend of $0.035 per common share payable on February 15, 2023 to stockholders of record as of January 31, 2023, and on February 15, 2023, our board of directors declared a cash dividend of $0.035 per common share payable on March 15, 2023 to stockholders of record as of February 28, 2023.

Investment in Real Property

On January 24, 2023, the Company acquired via a deed-in-lieu of foreclosure an 84,378 square foot luxury apartment property in Colorado. The property previously served as collateral for a loan held for investment with a carrying value of $33.4 million, net of a CECL reserve of $2.8 million at December 31, 2022.

On February 9, 2023 the Company acquired via a deed-in-lieu of foreclosure a 5.4 acre property in Illinois. The property previously served as collateral for a loan held for investment with a carrying value of $15.0 million, net of a CECL reserve of $0.3 million at December 31, 2022.

On February 10, 2023, the Company acquired via foreclosure a 70.6 acre property in Utah. The property previously served as collateral for a loan held for investment with a carrying value of $8.5 million, net of a CECL reserve of $0.3 million at December 31, 2022.

On February 15, 2023, the Company acquired via foreclosure a 123.4 acre property in Colorado. The property previously served as collateral for a loan held for investment with a carrying value of $9.5 million, net of a CECL reserve of $0.4 million at December 31, 2022.

Agreement and Plan of Merger

On February 26, 2023, the Company, Ready Capital Corporation (“Ready Capital”) and Ready Capital Merger Sub, LLC (“Merger Sub”) entered into an Agreement and Plan of Merger (the “Agreement”), pursuant to which the Company will merge with and into Merger Sub and each share of the Company’s common stock will be converted into 0.47233 shares of Ready Capital common stock. The transaction is expected to close during the second quarter of 2023, subject to the respective approvals by the stockholders of Ready Capital and the Company and other customary closing conditions. Ready Capital is a multi-strategy real estate finance company that originates, acquires finances, and services small-to-medium balance commercial loans and is headquartered in New York, New York.