Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Fair Values of Loan Investments

The fair values of loan investments based upon pricing data vendors or observable market price quotations are generally categorized as Level 1 or Level 2. Loan investments priced using internal models with significant unobservable inputs are categorized as Level 3.

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Senior Mortgage	$	—	$	—	$	88,638	$	88,638
Total	$	—	$	—	$	88,638	$	88,638

Changes in Fair Value of Level 3 Assets by Investment Type

The below table presents a summary of changes in fair value of Level 3 assets by investment type (amounts in thousands):

	Senior Mortgage		Total
Balance as of March 11, 2024	$	—	$	—
Originations	88,638		88,638
Loan origination Fees	(812)		(812)
Net accretion of discount	3		3
Net change in unrealized appreciation (depreciation) on investments	809		809
Balance as of June 30, 2024	$	88,638	$	88,638

Unobservable Inputs and Valuation Techniques

The following table presents quantitative information about the significant unobservable inputs of the Company’s Level 3 financial instruments. The table is not intended to be all-inclusive but instead captures the significant unobservable inputs relevant to the Company’s determination of fair value (amounts in thousands).

					Range
Asset Category	Fair Value		Primary Valuation Technique	Unobservable Inputs	Minimum	Maximum	Weighted Average
Senior Mortgage	$	88,638	Recent Transaction	Par value	n/a	n/a	n/a
Total	$	88,638