v3.26.1
Related Party Transactions (Tables)
6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Schedule of Components of Due to Advisor

Due to Advisor

The Company may retain certain of the Advisor’s affiliates, from time to time, for services relating to the Company’s investments or its operations, which may include capital markets services, restructuring services, valuation services, underwriting and diligence services, and special servicing, as well as services related to mortgage servicing, group purchasing, consulting/brokerage, capital markets/credit origination, loan servicing and asset management, property, title and other types of insurance, management consulting and other similar operational and investment matters.

The following table details the components of Due to advisor as of June 30, 2026 and December 31, 2025 (dollars in thousands):

 

June 30, 2026

 

December 31, 2025

 

Accrued operating expenses

$

5,010

 

$

5,818

 

Accrued offering costs

 

2,162

 

 

2,402

 

Accrued organization costs

 

747

 

 

830

 

Accrued management fees

 

 

 

 

Accrued performance fees

 

686

 

 

1,000

 

Total Due to advisor

$

8,605

 

$

10,050