Real Estate Owned (Tables)

3 Months Ended

Mar. 31, 2026

Real Estate [Abstract]

Schedule of Real Estate Properties

The table below presents details on the real estate owned portfolio.


(in thousands)	March 31, 2026		December 31, 2025
REO, held for sale:
Mixed use	$6,240		$19,709
Multi-family	86,724		79,141
Lodging	25,094		8,730
Residential	147,985		168,659
Office	9,797		9,686
Retail	3,880		3,880
Land	71,411		70,152
Other	544		187
Total REO, held for sale	$351,675		$360,144
REO, held for use:
Land	21,469		21,469
Building and improvements, net	224,253		225,355
Furniture, fixtures and equipment, net	12,818		13,257
Total REO, held for use	$258,540		$260,081
Total real estate owned	$610,215		$620,225