| Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis |
The following table presents the carrying value and fair value of the Company’s financial instruments as of June 30, 2025, and the level of each financial instrument within the fair value hierarchy (in ‘000s):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying
Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan receivables held for investment |
|
$ |
969,565 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
953,526 |
|
|
$ |
953,526 |
|
Commercial debt securities |
|
|
5,006 |
|
|
|
|
|
|
5,006 |
|
|
|
— |
|
|
|
5,006 |
|
Total Assets |
|
$ |
974,571 |
|
|
$ |
— |
|
|
$ |
5,006 |
|
|
$ |
953,526 |
|
|
$ |
958,532 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit facility |
|
$ |
120,000 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
120,000 |
|
|
$ |
120,000 |
|
Morgan Stanley repurchase agreement |
|
|
277,811 |
|
|
|
— |
|
|
|
— |
|
|
|
276,939 |
|
|
|
276,939 |
|
Citibank repurchase agreement |
|
|
102,960 |
|
|
|
— |
|
|
|
— |
|
|
|
102,960 |
|
|
|
102,960 |
|
Note payable |
|
|
119,707 |
|
|
|
— |
|
|
|
— |
|
|
|
119,487 |
|
|
|
119,487 |
|
HSBC Loan |
|
|
86,080 |
|
|
|
— |
|
|
|
— |
|
|
|
86,071 |
|
|
|
86,071 |
|
Total Liabilities |
|
$ |
706,558 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
705,457 |
|
|
$ |
705,457 |
|
The following table presents the carrying value and fair value of the Company’s financial instruments as of December 31, 2024, and the level of each financial instrument within the fair value hierarchy (in ‘000s):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying
Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan receivables held for investment |
|
$ |
867,687 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
865,572 |
|
|
$ |
865,572 |
|
Total Assets |
|
$ |
867,687 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
865,572 |
|
|
$ |
865,572 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit facility |
|
$ |
38,000 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
38,000 |
|
|
$ |
38,000 |
|
Morgan Stanley repurchase agreement |
|
|
246,491 |
|
|
|
— |
|
|
|
— |
|
|
|
245,547 |
|
|
|
245,547 |
|
Note payable |
|
|
119,707 |
|
|
|
— |
|
|
|
— |
|
|
|
119,462 |
|
|
|
119,462 |
|
HSBC Loan |
|
|
141,330 |
|
|
|
— |
|
|
|
— |
|
|
|
141,220 |
|
|
|
141,220 |
|
Total Liabilities |
|
$ |
545,528 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
544,229 |
|
|
$ |
544,229 |
|
|