v3.26.1
INTEREST RATE SWAP DERIVATIVES (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of the Notional Amount and Other Information Related to Interest Rate Swaps
The following table summarizes the notional amount and other information related to the Company’s derivative instruments as of March 31, 2026 (dollars in thousands). There were no derivative instruments as of December 31, 2025.
Interest Rate Derivative InstrumentsNumber of
Instruments		Notional AmountReference
Rate		Weighted
Average
Fixed Pay Rate		Weighted
Average
Remaining
Term
Interest Rate Swap3$250,000 USD - SOFR4.150 %0.8 years
Schedule of the Fair Value of Derivative Instruments and Their Classification
The following table sets forth the fair value of the Company’s derivative instruments under Level 2 measurement, as well as their classification in the accompanying unaudited condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025 (dollars in thousands):
March 31, 2026December 31, 2025
Derivative InstrumentsBalance Sheet LocationNumber of
Instruments		Fair ValueNumber of
Instruments		Fair Value
Interest Rate SwapAsset - Interest rate swap derivatives, at fair value3$2,243 — $— 
Schedule Of Investments In And Advances To Affiliates Reconciliation Of Premium Paid
The following is a reconciliation of the premium paid for the three swaps on January 16, 2026 to the derivative balance as of March 31, 2026 (in thousands):
Premiums paid for off-market interest rate derivatives$2,654 
Less: accrued interest from swap effective date to swap execution date(139)
Investments in off-market interest rate derivatives, net of accrued interest2,515 
Change in fair value (272)
Interest rate swap derivatives$2,243