v3.25.2
Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events
13.
Subsequent Events

Subsequent events after the balance sheet date have been evaluated through the date the consolidated financial statements were issued. Other than the items discussed below, there were no subsequent events requiring adjustment to, or disclosure in, the consolidated financial statements.

Fourth Morgan Stanley Repurchase Agreement Amendment

On July 28, 2025, the Company entered into an amendment (the “Fourth Morgan Stanley Repurchase Agreement Amendment”) to the Morgan Stanley Repurchase Agreement. The Fourth Morgan Stanley Repurchase Agreement Amendment increased the master repurchase facility size from $350,000,000 to $400,000,000.

Origination of mortgage loan receivables

In July 2025, two loans were originated totaling $138.6 million of commitments.