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Subsequent Events
6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

13. SUBSEQUENT EVENTS

 

Investment Activity

 

Through August 9, 2023, the Company funded approximately $18.7 million of the $50.0 million commitment to the borrower of Loan #25.

 

Revolving Loan

 

During the period from July 1, 2023, through August 9, 2023, the Company borrowed $15.0 million on the Revolving Loan. As of August 9, 2023, outstanding borrowings and remaining availability on the Revolving Loan were $58.0 million and $42.0 million, respectively.

 

Payment of Dividend

 

On July 14, 2023, the Company paid its regular quarterly dividend of $0.47 per common share relating to the second quarter of 2023 to stockholders of record as of the close of business on June 30, 2023. The total amount of the cash dividend payment was approximately $8.5 million.