Real Estate Owned - Schedule of Real Estate Owned Operations and Related Income (Loss) (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 |
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Real Estate Owned, Disclosure of Detailed Components [Abstract] | ||||
Minimum lease payments | $ 7,385 | $ 7,601 | $ 15,031 | $ 14,268 |
Variable lease payments | 830 | 604 | 1,355 | 1,159 |
Total rental income | 8,215 | 8,205 | $ 16,386 | $ 15,427 |
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration] | Revenue from real estate owned operations | Revenue from real estate owned operations | ||
Other revenue from REO | 16 | 76 | $ 2,124 | $ 76 |
Revenue from real estate owned operations | 8,231 | 8,281 | 18,510 | 15,503 |
Rental property operating expenses | 6,833 | 4,726 | 13,191 | 8,825 |
Depreciation and amortization | 3,423 | 4,156 | 7,415 | 8,403 |
Expenses from real estate owned operations | 10,256 | 8,882 | 20,606 | 17,228 |
Net (loss) from REO | (2,025) | (601) | (2,096) | (1,725) |
Interest expense | 45,524 | 50,588 | 88,667 | 105,969 |
Depreciation and amortization | $ 2,000 | $ 1,400 | $ 4,100 | $ 2,800 |
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- Definition Expenses From Real Estate Owned Operations No definition available.
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- Definition Real Estate Owned, Depreciation And Amortization No definition available.
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- Definition Real Estate Owned, Operating Expense No definition available.
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- Definition Real Estate Owned, Other Revenue From REO No definition available.
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- Definition Revenue From Real Estate Owned Operations No definition available.
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Indicates line item in statement of income or comprehensive income that includes operating lease income. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of operating lease income from lease payments paid and payable to lessor. Excludes variable lease payments not included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of operating lease income from variable lease payments paid and payable to lessor, excluding amount included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net cost of operation of other real estate (including provisions for real estate losses, rental income, and gains and losses on sales of real estate). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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