v3.26.1
Related Party Transactions (Tables)
3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Schedule of Key Terms of the Loans The following table presents the key terms of the loans as of the reporting date (in millions):
PrincipalRelated PartyEquity Ownership InterestInterest RateMaturity DateFair Value at
March 31, 2026December 31, 2025March 31, 2026December 31, 2025
$4.8 $4.8 
MR MCC 3 Sponsor, LLC(1)
—%6.00%12/1/2025$4.8 $4.8 
36.5 36.5 MRA Hub 34 Holding, LLC95.00%
2.50% + SOFR
5/26/202636.5 36.5 
0.5 0.5 MRA 34 LLC—%
3.75% + SOFR
5/26/20260.5 0.5 
— 28.5 TREA SV 355 West 52nd Street95.00%5.20%6/14/2027— 28.5 
TOTAL LOANS RECEIVABLE WITH RELATED PARTIES$41.8 $70.3 
(1) The loan is currently in default.