Loans Held for Investment and the Allowance for Credit Losses - Schedule of Activity in Allowance for Credit Losses for Loans Held for Investment Portfolio by Class of Financing Receivable (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | |||||
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Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
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Allowance for credit losses for loans held for investment: | |||||||
Beginning balance, allowance for credit loss | [1] | $ 61,558 | |||||
Allowance for credit losses, net (Reversal of credit losses, net) | 5,202 | $ (181) | |||||
Ending balance, allowance for credit loss | [1] | $ 66,957 | 66,957 | ||||
Allowance for credit losses on unfunded loan commitments: | |||||||
Beginning balance, allowance for credit loss | 2,415 | ||||||
Ending balance, allowance for credit loss | 1,819 | 1,819 | |||||
Total allowance for credit losses | 68,776 | $ 69,590 | 68,776 | 69,590 | $ 63,973 | ||
Allowance for credit losses excluded on exit fees receivable | (600) | (600) | $ (200) | ||||
Senior loans | |||||||
Allowance for credit losses for loans held for investment: | |||||||
Beginning balance, allowance for credit loss | 64,721 | 71,258 | 61,558 | 67,092 | |||
Allowance for credit losses, net (Reversal of credit losses, net) | 2,236 | (4,410) | 5,399 | (244) | |||
Ending balance, allowance for credit loss | 66,957 | 66,848 | 66,957 | 66,848 | |||
Unfunded loan commitments | |||||||
Allowance for credit losses on unfunded loan commitments: | |||||||
Beginning balance, allowance for credit loss | 2,494 | 2,869 | 2,415 | 2,679 | |||
Allowance for (reversal of) credit losses, net | (675) | (127) | (596) | 63 | |||
Ending balance, allowance for credit loss | $ 1,819 | $ 2,742 | $ 1,819 | $ 2,742 | |||
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