v3.26.1
Loans Held for Investment (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Schedule of Loans Held for Investment Prior to classification as held for sale, the Company’s Loans
Held for Investment portfolio was summarized as follows:
(Amounts in thousands)March 31, 2026December 31, 2025
Property - Buy to Let$748,146 $736,807 
Other453 544 
Deferred fees, net(12,899)(13,713)
Fair value hedge basis adjustment(4,764)1,946 
Allowance for credit losses(2,652)(2,251)
Total Loans Held for Investment, net$728,284 $723,333 
Schedule of Activity in Allowance for Credit Losses
The following table presents the activity in the allowance for credit losses related to loans held for investment:
Three Months Ended March 31,
(Amounts in thousands)20262025
Balance at beginning of period$(2,251)$(1,667)
Provision for credit losses(439)(1,282)
Effect of foreign currency exchange rate changes38 (51)
Balance at end of period$(2,652)$(3,000)
Schedule of Financing Receivable Credit Quality Indicators
The tables below present loans by credit quality indicator and vintage year. The amounts presented by year of origination exclude fair value hedge accounting basis adjustments and net deferred fees, which are presented separately above:
March 31, 2026
(Amounts in thousands)20262025202420232022PriorTotal
Property - Buy to Let
0-20 Months$— $— $— $— $— $— $— 
21-40 Months— — 222 — — — 222 
Over 40 Months24,721 594,914 114,632 758 — — 735,025 
Total$24,721 $594,914 $114,854 $758 $— $— $735,247 
Other
0-20 Months$— $— $— $— $359 $79 $438 
21-40 Months— — — 15 — — 15 
Over 40 Months— — — — — — — 
Total$— $— $— $15 $359 $79 $453 
Total$24,721 $594,914 $114,854 $773 $359 $79 $735,700 
December 31, 2025
(Amounts in thousands)20252024202320222021PriorTotal
Property - Buy to Let
0-20 Months$— $— $— $— $— $— $— 
21-40 Months— 226 — — — — 226 
Over 40 Months605,424 116,675 769 — — — 722,868 
Total$605,424 $116,901 $769 $— $— $— $723,094 
Other
0-20 Months$— $— $— $406 $125 $— $531 
21-40 Months— — 13 — — — 13 
Over 40 Months— — — — — — — 
Total$— $— $13 $406 $125 $— $544 
Total$605,424 $116,901 $782 $406 $125 $— $723,638