v3.26.1
Variable Interest Entities (Tables)
6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities
The following table represents the assets and liabilities of consolidated VIEs recorded on the Company’s Condensed Consolidated Balance Sheets (Unaudited):
June 30,December 31,
(in thousands)20262025
Consolidated VIE assets
Restricted cash$65,255 $85,767 
Loans Receivable at Fair Value
2,606,341 2,621,339 
Total VIE assets2,671,596 2,707,106 
Consolidated VIE liabilities
Secured financing (1)
308,620 204,833 
Asset-backed notes at fair value 137,778 263,799 
Asset-backed borrowings at amortized cost
1,947,970 1,947,937 
Total VIE liabilities$2,394,368 $2,416,569 
(1) Amounts exclude deferred financing costs. See Note 8, Borrowings for additional information.