The Company’s senior debt, which is comprised of revolving lines of credit, as of June 30, 2026 and December 31, 2025, including borrowing capacity as of June 30, 2026, were as follows (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Borrower | Borrowing Capacity | 2026 | 2025 | | Interest Rate as of June 30, 2026 | Maturity Date | | | | | | | | | | | | | | Opportunity Funding SPE V, LLC (Tranche C) | $ | 62,500 | | $ | 46,875 | | $ | 46,875 | | | SOFR | plus | 7.30% | February 2029 | | | Opportunity Funding SPE V, LLC (Tranche D) | 237,500 | | 150,578 | | 132,125 | | | SOFR | plus | 7.30% | February 2029 | | | Opportunity Funding SPE IX, LLC | 150,000 | | 79,000 | | 79,000 | | | SOFR | plus | 6.00% | September 2029 | | | Gray Rock SPV LLC | — | | — | | 63,353 | | | SOFR | plus | 7.45% | October 2026 | (1) | | Total revolving lines of credit | $ | 450,000 | | $ | 276,453 | | $ | 321,353 | | | | | | | | | | | | | | | | | | | | | | (1) Maturity date and interest rate as of December 31, 2025 and for subsequent period until the borrowing was paid in full in April 2026. | | | | | | | | | | | |
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