v3.25.4
Schedule IV - Mortgage Loans on Real Estate
12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
Schedule IV - Mortgage Loans on Real Estate

Schedule IV — Mortgage Loans on Real Estate As of December 31, 2025

 

Description

 

Property Type

 

Location

 

Contractual
Interest Rate

 

Maturity
Date (1)

 

Periodic
Payment

 

Principal
Balance (2)

 

 

Carrying
Value (3)(4)

 

Commercial mortgage loans individually >3%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan A

 

Healthcare

 

Naples, FL

 

SOFR + 4.15%

 

1/1/2030

 

Interest Only

 

$

75,969

 

 

$

74,921

 

 

Reconciliation of Carrying Value of Loans:

 

December 31, 2025

 

 

December 31, 2024

 

Balance at the beginning of the year:

 

$

74,217

 

 

$

 

Loan fundings

 

 

309

 

 

 

75,660

 

Deferred fees

 

 

249

 

 

 

(748

)

Decrease (Increase) in current expected credit loss allowance

 

 

146

 

 

 

(695

)

Balance at the end of the year:

 

$

74,921

 

 

$

74,217