| CRE Loans |
Subsequent to December 31, 2025, the Company originated the following CRE loans ($ in thousands):
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Location |
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Property Type |
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Origination Date |
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Loan Amount (1) |
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|
Outstanding
Principal |
|
|
Interest Rate |
|
Maturity Date |
East |
|
Multifamily |
|
1/23/2026 |
|
$ |
5,700 |
|
|
$ |
5,700 |
|
|
SOFR + 3.55% |
|
1/21/2028 |
East |
|
Industrial |
|
2/11/2026 |
|
|
12,328 |
|
|
|
12,309 |
|
|
SOFR + 3.70% |
|
9/10/2026 |
East |
|
Industrial |
|
2/11/2026 |
|
|
1,820 |
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|
|
1,820 |
|
|
SOFR + 4.35% |
|
1/10/2026 |
East |
|
Industrial |
|
2/11/2026 |
|
|
5,982 |
|
|
|
5,660 |
|
|
SOFR + 4.10% |
|
9/10/2026 |
East |
|
Industrial |
|
2/11/2026 |
|
|
6,300 |
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|
|
5,235 |
|
|
SOFR + 3.70% |
|
10/10/2026 |
East |
|
Industrial |
|
2/11/2026 |
|
|
30,945 |
|
|
|
28,275 |
|
|
SOFR + 3.20% |
|
12/10/2026 |
South |
|
Industrial |
|
2/11/2026 |
|
|
21,000 |
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|
21,000 |
|
|
SOFR + 3.70% |
|
6/10/2026 |
Midwest |
|
Industrial |
|
2/11/2026 |
|
|
58,000 |
|
|
|
58,000 |
|
|
8.32% |
|
1/1/2033 |
South |
|
Multifamily |
|
2/25/2026 |
|
|
37,299 |
|
|
|
36,899 |
|
|
SOFR + 2.90% |
|
3/8/2029 |
South |
|
Industrial |
|
2/27/2026 |
|
|
13,282 |
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|
11,167 |
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|
SOFR + 3.35% |
|
2/27/2028 |
West |
|
Industrial |
|
2/27/2026 |
|
|
116,700 |
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|
|
88,700 |
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|
SOFR + 5.00% |
|
3/8/2028 |
East |
|
Multifamily |
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2/27/2026 |
|
|
8,150 |
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|
8,150 |
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|
SOFR + 3.50% |
|
2/28/2028 |
East |
|
Multifamily |
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3/4/2026 |
|
|
3,900 |
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|
3,900 |
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|
SOFR + 3.30% |
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3/4/2028 |
East |
|
Multifamily |
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3/6/2026 |
|
|
6,850 |
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|
6,850 |
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|
SOFR + 3.25% |
|
3/6/2028 |
South |
|
Senior Housing |
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3/11/2026 |
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10,966 |
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|
10,050 |
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SOFR + 3.65% |
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3/10/2029 |
Total |
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|
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$ |
339,222 |
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$ |
303,715 |
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(1)Loan amount consists of outstanding principal balance plus unfunded loan commitments. The table below summarizes the Company’s borrowings subsequent to December 31, 2025 ($ in thousands):
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Borrowings |
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Paydowns |
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Ending Balance |
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|
Weighted Average Interest Rate |
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|
Maturity Date |
Repurchase Facilities: |
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|
|
GS Seller I Repurchase Facility |
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$ |
74,078 |
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$ |
— |
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|
$ |
859,027 |
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|
6.00 |
% |
|
8/16/2027 |
GS Seller II Repurchase Facility |
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|
— |
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|
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— |
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|
57,180 |
|
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|
5.80 |
% |
|
8/16/2027 |
GS Seller III Repurchase Facility |
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|
— |
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(33,375 |
) |
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|
50,418 |
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|
|
5.97 |
% |
|
8/16/2027 |
Atlas Repurchase Facility |
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|
27,863 |
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(22,358 |
) |
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|
270,158 |
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|
|
5.92 |
% |
|
10/11/2027 |
Morgan Stanley Repurchase Facility |
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|
— |
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— |
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202,350 |
|
|
|
5.45 |
% |
|
7/24/2029 |
Total Repurchase Facilities |
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|
101,941 |
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(55,733 |
) |
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|
1,439,133 |
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JPM Revolving Credit Facility |
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|
— |
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|
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(67,888 |
) |
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|
227,319 |
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|
5.42 |
% |
|
5/8/2027 |
Total |
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$ |
101,941 |
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|
$ |
(123,621 |
) |
|
$ |
1,666,452 |
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| Schedule of Issuance of Common Shares |
Subsequent to December 31, 2025, the Company issued the following shares (in thousands, except for share amounts):
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Shares |
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Gross Proceeds |
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Class B |
|
|
857,010 |
|
|
$ |
17,223 |
|
Class R |
|
|
23,167 |
|
|
|
462 |
|
Class J-1 |
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|
172,707 |
|
|
|
3,444 |
|
Class J-2 |
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|
48,240 |
|
|
|
961 |
|
Class J-4 |
|
|
925,725 |
|
|
|
18,664 |
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Class S |
|
|
427,975 |
|
|
|
8,610 |
|
Class I |
|
|
1,827,404 |
|
|
|
36,790 |
|
Class E |
|
|
4,511 |
|
|
|
91 |
|
Total |
|
|
4,286,739 |
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|
$ |
86,245 |
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