Commitments and Contingencies |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| Commitments and Contingencies | 10. Commitments and Contingencies Commitments and contingencies may arise in the ordinary course of business. As of June 30, 2026, the Company had unfunded commitments of up to $180.4 million, $64.6 million and $22.5 million related to its CRE loan investments, the MSR subscription agreement and residential bridge loan investments, respectively. The exact timing and amounts of such future fundings are uncertain. As of December 31, 2025, the Company had unfunded commitments of up to $122.3 million, $70.6 million and $17.0 million related to its CRE loan investments, the MSR subscription agreement and residential bridge loan investments, respectively. The Company plans to fund these commitments through a combination of existing cash on hand and future capital raised from investor subscriptions. The MSR subscription agreement commitment of $64.6 million remains contractually outstanding until the joint venture is dissolved. The Company does not currently anticipate being required to fund additional amounts under this commitment. As of June 30, 2026, the Company is not subject to any material litigation nor is the Company aware of any material litigation threatened against it. |