v3.25.2
Real Estate Owned ("REO") (Tables)
6 Months Ended
Jun. 30, 2025
Real Estate [Abstract]  
Schedule of real estate owned
The following table presents the Company’s REO as of June 30, 2025:
June 30, 2025
(in thousands)
Real estate owned at December 31, 2024$18,574 
Principal basis transferred to real estate owned6,298 
Charge-off’s on principal transferred(3,978)
Proceeds from sale of real estate owned(1,559)
Loans origination from sale of real estate owned(840)
Gain on sale of real estate owned131 
Balance at end of period$18,626 
Schedule of future minimum rents
As of June 30, 2025, future minimum rents under non-cancelable operating leases were as follows:
Years Ending December 31,Amount
(in thousands)
2025 (remaining six months)$— 
2026936 
20271,267 
20281,292 
20291,318 
Thereafter8,852 
Total$13,665 
As of June 30, 2025, future minimum rents under this lease were as follows:
Years Ending December 31,Amount
(in thousands)
2025 (remaining six months)$27 
202631 
Total$58