Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events The following events occurred subsequent to June 30, 2025: •The Company has closed, or is in the process of closing, two first mortgage loans with aggregate total loan commitments of $112.3 million and aggregate initial fundings of $110.0 million. The first mortgage loans are secured by a student housing property and a portfolio of industrial properties. •The Company received the full repayment of two first mortgage loans with aggregate total loan commitments and an aggregate unpaid principal balance of $121.6 million and $120.8 million, respectively. The loans carried a weighted average risk rating of 3.0 as of June 30, 2025. •From July 1, 2025 through July 25, 2025, the Company repurchased 830,024 shares of common stock, at a weighted average price of $8.15 per share, for total consideration (including commissions and related fees) of $6.8 million. The Company had $2.5 million of remaining capacity under its share repurchase program as of July 25, 2025.
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