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Commitments & Contingencies
 3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments & Contingencies Commitments & Contingencies
Commitments
In the ordinary course of business, the Company may enter into future funding commitments. As of March 31, 2025, the Company had unfunded commitments on delayed draw term loans of $140.0 million. As of March 31, 2025, the Company’s unfunded commitments consisted of the following:
Portfolio Company NameInvestment TypeCommitment TypeTotal CommitmentRemaining Commitment
1915 WBP Owner, LLCSenior MortgageDelayed Draw$11,255 $1,156 
26 W 9th Street LLCMezzanineDelayed Draw2,801 745 
26 W 9th Street LLCSenior MortgageDelayed Draw25,210 7,494 
300 Pressler Street Owner, LLCMezzanineDelayed Draw2,218 2,218 
300 Pressler Street Owner, LLCSenior MortgageDelayed Draw11,489 11,489 
50 West BSP Owner LLCMezzanineDelayed Draw2,656 85 
50 West BSP Owner LLCSenior MortgageDelayed Draw44,107 1,415 
6304 Sheriff Road LLCSenior MortgageDelayed Draw40,350 5,154 
AVR Eugene Hotel LLCSenior MortgageDelayed Draw12,598 363 
Blue Suede Hospitality GroupSenior MortgageDelayed Draw19,510 1,174 
Creekside Logistics Center Owner, LLCSenior MortgageDelayed Draw14,701 4,782 
Grand Cypress Apartments, LLCSenior MortgageDelayed Draw50,000 772 
GVP TC Wilmer Property Owner, LLCSenior MortgageDelayed Draw46,027 7,967 
Hallandale Oasis 2019 LLCSenior MortgageDelayed Draw23,098 14,461 
Insite Orlando Two, LLCSenior MortgageDelayed Draw22,795 7,525 
Olymbec Viscount LLCSenior MortgageDelayed Draw8,819 460 
Paraiso 256, LLCSenior MortgageDelayed Draw29,896 1,251 
Rise Bridgeview, LLCSenior MortgageDelayed Draw12,724 1,987 
Rise Stone Gate, LLC & Artic Investments, LLCSenior MortgageDelayed Draw9,050 1,465 
S2 Pleasantdale LLCSenior MortgageDelayed Draw22,809 4,022 
SL 418, LLCSenior MortgageDelayed Draw48,701 719 
WHK Waterfront Urban Renewal LLCSenior MortgageDelayed Draw50,000 46,496 
WHK Waterfront Urban Renewal LLC MezzanineDelayed Draw19,091 16,751 
Total$529,905 $139,951 







In the ordinary course of business, the Company may enter into future funding commitments. As of December 31, 2024, the Company had unfunded commitments on delayed draw term loans of $127.9 million. As of December 31, 2024, the Company’s unfunded commitments consisted of the following:
Portfolio Company NameInvestment TypeCommitment TypeTotal CommitmentRemaining Commitment
26 W 9th Street LLCMezzanineDelayed Draw$2,801 $908 
26 W 9th Street LLCSenior MortgageDelayed Draw25,210 8,596 
50 West BSP Owner LLCMezzanineDelayed Draw2,656 110 
50 West BSP Owner LLCSenior MortgageDelayed Draw44,107 1,827 
AVR Eugene Hotel LLCSenior MortgageDelayed Draw12,598 3,629 
Blue Suede Hospitality GroupSenior MortgageDelayed Draw19,510 1,174 
Grand Cypress Apartments, LLCSenior MortgageDelayed Draw50,000 1,516 
GVP TC Wilmer Property Owner, LLCSenior MortgageDelayed Draw46,027 8,949 
Hallandale Oasis 2019 LLCSenior MortgageDelayed Draw23,098 16,711 
Insite Orlando Two, LLCSenior MortgageDelayed Draw22,795 7,726 
Olymbec Viscount LLCSenior MortgageDelayed Draw8,819 460 
Paraiso 256, LLCSenior MortgageDelayed Draw29,896 2,885 
Rise Bridgeview, LLCSenior MortgageDelayed Draw12,724 1,987 
S2 Pleasantdale LLCSenior MortgageDelayed Draw22,809 4,731 
SL 418, LLCSenior MortgageDelayed Draw48,701 904 
WHK Waterfront Urban Renewal LLCSenior MortgageDelayed Draw50,000 46,653 
WHK Waterfront Mezz LLCMezzanineDelayed Draw19,091 19,091 
Total$440,842 $127,857 
Litigation and Regulatory Matters
In the ordinary course of business, the Company may become subject to litigation, claims, and regulatory matters. The Company has no knowledge of material legal or regulatory proceedings pending or known to be contemplated against the Company at this time.
Indemnifications
In the ordinary course of its business, the Company may enter into contracts or agreements that contain indemnifications or warranties. Future events could occur that lead to the execution of these provisions against the Company.