v3.26.1
Investment in Real Estate Debt, Net (Tables)
3 Months Ended
Mar. 31, 2026
Financing Receivable, after Allowance for Credit Loss [Abstract]  
Schedule of Investment in Real Estate Debt

The following table details the Company's investment in real estate debt:

 

 

 

March 31, 2026

Loan Type

 

Principal Balance

 

 

Deferred Fees

 

 

Carrying Value(1)

 

 

Coupon(2)

 

Maturity Date

 

Property Type

 

Location

First mortgage

 

$

76,004

 

 

$

437

 

 

$

75,018

 

 

S + 4.15%

 

1/1/2028

 

Healthcare

 

Naples, FL

 

(1)
Net of a $549 CECL Allowance.
(2)
Represents the one-month SOFR, which was 3.65% as of March 31, 2026.

 

 

 

December 31, 2025

Loan Type

 

Principal Balance

 

 

Deferred Fees

 

 

Carrying Value(1)

 

 

Coupon(2)

 

Maturity Date

 

Property Type

 

Location

First mortgage

 

$

75,969

 

 

$

499

 

 

$

74,921

 

 

S + 4.15%

 

1/1/2028

 

Healthcare

 

Naples, FL

 

 

(1)
Net of a $549 CECL Allowance.
(2)
Represents the one-month SOFR, which was 3.88% as of December 31, 2025.