Loans Held for Investment, at Fair Value (Tables)

6 Months Ended

Jun. 30, 2026

Receivables [Abstract]

Schedule of Composition of Difference Between Aggregate Principal Balance Outstanding and Aggregate Fair Value of Taxi Medallion Loans Held for Investment

The following table shows the composition of the difference between the aggregate principal balance outstanding and the aggregate fair value of the taxi medallion loans held for investment (in thousands):


		June 30, 2026				December 31, 2025
Total principal balance outstanding		$	916,378			$	928,299
Adjustment to reduce loans to fair value			(656,494	)			(646,628	)
Total loans held for investment, at fair value		$	259,884			$	281,671

Schedule of Major Classifications of Loans Held for Investment on Current and Non - Accrual Status

The following table shows major classifications of loans held for investment, at fair value on current and non-accrual status (in thousands):


		June 30, 2026				December 31, 2025
Loans held for investment, at fair value
MRP+ Loans (NYC)
Current		$	124,292			$	130,760
Non-accrual			61,753				61,689
Non-MRP+ Loans (NYC):
Current			52,440				46,791
Non-accrual			12,305				31,788
Non-MRP+ Loans (Other):
Current			318				364
Non-accrual			8,776				10,279
Total loans held for investment, at fair value		$	259,884			$	281,671

Schedule of The Aggregate Fair Value and Outstanding Principal Balances of Taxi Medallion Loans that Were on Non-Accruals Status

The aggregate fair value and outstanding principal balances of taxi medallion loans that were on non-accrual status were as follows (in thousands):


		June 30, 2026				December 31, 2025
Total principal balance outstanding		$	673,032			$	685,983
Adjustment to reduce loans to fair value			(590,198	)			(582,227	)
Total non-accrual loans, at fair value		$	82,834			$	103,756