v3.25.2
Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 13 – Subsequent Events

On June 2, 2025, the Company provided to the holders of its 2029 Notes a notice of partial redemption at the next interest payment date. On July 15, 2025, the Company redeemed $10.0 million of the 2029 Notes.

Subsequent to June 30, 2025, the Company placed a $4.8 million multifamily loan on nonaccrual status. The loan was current as to principal and interest as of July 31, 2025. The Company believes based on the payment performance, strength of the guarantors and value of the collateral that future credit losses, if any, will not be significant to the Company's financial statements.