Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 2026

The table below presents details on the real estate owned portfolio.


(in thousands)	June 30, 2026	December 31, 2025
REO, held for sale:
Mixed use	$7,420	$19,709
Multi-family	80,617	79,141
Lodging	25,030	8,730
Residential	133,553	168,659
Office	9,875	9,686
Retail	3,880	3,880
Land	54,859	70,152
Other	594	187
Total REO, held for sale	$315,828	$360,144
REO, held for use:
Land	21,469	21,469
Building and improvements, net	223,174	225,355
Furniture, fixtures and equipment, net	12,379	13,257
Total REO, held for use	$257,022	$260,081
Total real estate owned	$572,850	$620,225