Loans Held for Investment (Tables)

9 Months Ended

Sep. 30, 2025

Receivables [Abstract]

Schedule of Loans Held for Investment

The Company’s Loans Held for Investment portfolio consists of U.K. loans and is summarized as follows:

(Amounts in thousands)	September 30, 2025		December 31, 2024
Property - Buy to Let	$	637,425	$	111,630
Other	742		1,514
Deferred fees, net	(12,448)		—
Allowance for credit losses	(2,323)		(1,667)
Total Loans Held for Investment, net	$	623,396	$	111,477

Schedule of Financing Receivable Credit Quality Indicators

The tables below present loans by credit quality indicator and vintage year:

September 30, 2025
(Amounts in thousands)	2025		2024		2023		2022		2021		Prior		Total
Property - Buy to Let
0-20 Months	$	—	$	—	$	—	$	—	$	—	$	—	$	—
21-40 Months	—		—		—		—		—		—		—
Over 40 Months	507,388		116,822		767		—		—		—		624,977
Total	$	507,388	$	116,822	$	767	$	—	$	—	$	—	$	624,977
Other
0-20 Months	$	—	$	—	$	—	$	452	$	208	$	1	$	661
21-40 Months	—		—		13		68		—		—		81
Over 40 Months	—		—		—		—		—		—		—
Total	$	—	$	—	$	13	$	520	$	208	$	1	$	742
Total	$	507,388	$	116,822	$	780	$	520	$	208	$	1	$	625,719

December 31, 2024
(Amounts in thousands)	2024		2023		2022		2021		2020		Prior		Total
Property - Buy to Let
0-20 Months	$	—	$	—	$	—	$	—	$	—	$	—	$	—
21-40 Months	—		—		—		—		—		—		—
Over 40 Months	110,891		739		—		—		—		—		111,630
Total	$	110,891	$	739	$	—	$	—	$	—	$	—	$	111,630
Other
0-20 Months	$	—	$	34	$	255	$	435	$	77	$	2	$	803
21-40 Months	—		13		630		68		—		—		711
Over 40 Months	—		—		—		—		—		—		—
Total	$	—	$	47	$	885	$	503	$	77	$	2	$	1,514
Total	$	110,891	$	786	$	885	$	503	$	77	$	2	$	113,144