v3.26.1
SEGMENT REPORTING - Schedule of Statement of Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Interest income $ 12,335 $ 13,636 $ 24,871 $ 26,836
Interest expense (8,279) (9,423) (17,187) (18,809)
Net interest income (expense) 4,056 4,213 7,684 8,027
Related party loan servicing fee 557 493 1,023 1,003
Related party management fee 1,614 1,603 3,218 3,047
Professional fees 1,219 854 2,900 1,749
General and administrative 1,037 1,011 2,132 1,915
Total expense 4,427 3,961 9,273 7,714
Realized and unrealized gains (losses), net 2,959 564 2,836 (3,880)
Other income (loss), net (563) 1,109 (1,216) 1,965
Total other income (loss), net 2,396 1,673 1,620 (1,915)
Income (loss) before income taxes 2,025 1,925 31 (1,602)
Income tax expense (benefit) 20 26 15 (109)
Net Income (Loss) 2,005 1,899 16 (1,493)
Operating | Residential        
Segment Reporting [Line Items]        
Interest income 8,208 7,909 15,955 16,371
Interest expense (3,250) (3,630) (6,536) (7,284)
Net interest income (expense) 4,958 4,279 9,419 9,087
Related party loan servicing fee 447 493 913 1,003
Related party management fee 0 0 0 0
Professional fees 0 0 0 0
General and administrative 6 86 13 93
Total expense 453 579 926 1,096
Realized and unrealized gains (losses), net (65) 2,685 (244) 891
Other income (loss), net 0 50 0 632
Total other income (loss), net (65) 2,735 (244) 1,523
Income (loss) before income taxes 4,440 6,435 8,249 9,514
Income tax expense (benefit) 0 (33) 0 (171)
Net Income (Loss) 4,440 6,468 8,249 9,685
Operating | Commercial        
Segment Reporting [Line Items]        
Interest income 3,462 4,485 7,656 8,567
Interest expense (1,831) (2,946) (4,232) (4,777)
Net interest income (expense) 1,631 1,539 3,424 3,790
Related party loan servicing fee 110 0 110 0
Related party management fee 0 0 0 0
Professional fees 4 9 4 14
General and administrative 0 43 4 43
Total expense 114 52 118 57
Realized and unrealized gains (losses), net 3,024 (2,121) 3,080 (4,771)
Other income (loss), net (563) 1,059 (1,216) 1,737
Total other income (loss), net 2,461 (1,062) 1,864 (3,034)
Income (loss) before income taxes 3,978 425 5,170 699
Income tax expense (benefit) 0 0 0 0
Net Income (Loss) 3,978 425 5,170 699
Corporate Category        
Segment Reporting [Line Items]        
Interest income 665 1,242 1,260 1,898
Interest expense (3,198) (2,847) (6,419) (6,748)
Net interest income (expense) (2,533) (1,605) (5,159) (4,850)
Related party loan servicing fee 0 0 0 0
Related party management fee 1,614 1,603 3,218 3,047
Professional fees 1,215 845 2,896 1,735
General and administrative 1,031 882 2,115 1,779
Total expense 3,860 3,330 8,229 6,561
Realized and unrealized gains (losses), net 0 0 0 0
Other income (loss), net 0 0 0 (404)
Total other income (loss), net 0 0 0 (404)
Income (loss) before income taxes (6,393) (4,935) (13,388) (11,815)
Income tax expense (benefit) 20 59 15 62
Net Income (Loss) $ (6,413) $ (4,994) $ (13,403) $ (11,877)