v3.26.1
Guaranteed Loan Financing
6 Months Ended
Jun. 30, 2026
Guaranteed Loan Financing [Abstract]  
Guaranteed Loan Financing Note 12. Guaranteed Loan Financing
Participations or other partial loan sales which do not meet the definition of a participating interest remain as an
investment in the consolidated balance sheets and the portion sold is recorded as guaranteed loan financing in the
liabilities section of the consolidated balance sheets. For these partial loan sales, the interest earned on the entire loan
balance is recorded as interest income and the interest earned by the buyer in the partial loan sale is recorded within
interest expense in the accompanying consolidated statements of operations. Guaranteed loan financings are secured by
loans of $950.3 million and $524.3 million as of June 30, 2026 and December 31, 2025, respectively.
The table below presents guaranteed loan financing and the related interest rates and maturity dates.
(in thousands)
Weighted Average
Interest Rate
Range of Interest
Rates
Range of
Maturities (Years)
Ending Balance
June 30, 2026
7.51%
1.45-13.25%
2026-2051
$950,103
December 31, 2025
7.97%
1.45-12.75%
2026-2048
$524,091
The table below presents the contractual maturities of guaranteed loan financing.
(in thousands)
June 30, 2026
2026
$91
2027
1,900
2028
3,203
2029
5,863
2030
9,131
Thereafter
929,915
Total
$950,103