v3.26.1
Related Party Arrangements (Tables)
6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following is a summary of the promissory notes receivable issued by National Lending to affiliated eREITs as of June 30, 2026. As of December 31, 2025, the predecessor held no such notes from National Lending (dollar amounts in thousands):
NotePrincipal BalanceInterest RateEffective DateMaturity DatePrincipal Balance at
June 30, 2026
Principal Balance at
December 31, 2025
2026 – A
$1,500 5.00%04/06/202604/06/2027$1,200 $
2026 – B
$21,800 5.00%04/22/202605/31/2027$21,800 $
2026 – C
$11,000 5.00%04/22/202605/31/2027$9,600 $
2026 – D
$1,400 5.00%06/30/202606/30/2027$400 $
Total$33,000 $- 
The following table summarizes the promissory notes receivable issued by the predecessor to National Lending as of December 31, 2025 (dollar amounts in thousands):
NotePrincipal BalanceInterest RateEffective DateMaturity DatePrincipal Balance at
June 30, 2026
Principal Balance at
December 31, 2025
2025 – C$16,800 4.75%12/31/202512/31/2026$$16,800