v3.26.1
Schedule IV - Commercial Mortgage Loans
12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
Schedule IV - Commercial Mortgage Loans

Schedule IV - Commercial Mortgage Loans as of December 31, 2025 ($ in thousands)

 

Description

Number of Loans

 

Property Type/Location

Contractual Interest Rate

Maturity Date(1)

Period
Payment

Principal
Balance

 

Fair
Value

 

Commercial mortgage loans

 

 

 

 

 

 

 

 

 

 

Ramston Portfolio

 

1

 

Apartment

SOFR + 2.70%

November 1, 2030

Interest Only

$

106,500

 

$

106,500

 

Satori West Ashley

 

1

 

Apartment

SOFR + 2.65%

September 5, 2029

Interest Only

 

62,400

 

 

62,400

 

Cortland at Armour Yards

 

1

 

Apartment

SOFR + 2.70%

July 9, 2030

Interest Only

 

55,700

 

 

55,700

 

Total

 

3

 

 

 

 

 

$

224,600

 

$

224,600

 

(1) Assumes all extension options are exercised.

 

The following table summarizes the changes in the balance sheet reported amount of the Company's commercial mortgage loans during 2025 ($ in thousands):

 

December 31, 2025

 

Balance at the beginning of the year

$

79,310

 

Loan fundings

 

162,200

 

Loan repayments

 

(16,825

)

Unrealized gain/(loss) on fair value

 

(85

)

Total

$

224,600