v3.25.2
Debt Certificates Payable (Tables)
6 Months Ended
Jun. 30, 2025
Debt Certificates Payable  
Schedule of debt certificates payable

The table below provides information on the Company’s debt certificates payable (dollars in thousands):

As of

As of

June 30, 2025

December 31, 2024

SEC Registered Public Offerings

    

Offering Type

    

Amount

    

Weighted Average Interest Rate

Amount

    

Weighted Average Interest Rate

Class 1A Offering

Unsecured

$

2,270

3.96

%

$

5,979

3.91

%

2021 Class A Offering

Unsecured

23,502

4.75

%

33,336

4.75

%

2024 Class A Offering

Unsecured

42,235

4.78

%

31,247

4.95

%

Public Offerings Total

$

68,007

4.74

%

$

70,562

4.77

%

Private Offerings

Offering Type

Subordinated Notes

Unsecured

$

26,705

5.19

%

$

24,599

5.15

%

Private Offering Total

$

26,705

5.19

%

$

24,599

5.15

%

Total Debt Certificates Payable

$

94,712

4.87

%

$

95,161

4.87

%

Notes Payable  
Debt Certificates Payable  
Schedule of future principal contractual payments of term debt

Future maturities for the Company’s debt certificates during the twelve-month periods ending June 30, are as follows (dollars in thousands):

2026

    

$

36,458

2027

27,829

2028

11,396

2029

9,720

2030

9,309

Total

$

94,712

Less: debt issuance costs

92

Debt certificates payable, net of debt issuance costs

$

94,620