We hold a 51% interest in CMTG/TT as a result of committing to invest $124.9 million in CMTG/TT. As of September 30, 2026 and December 31, 2025, we have contributed $163.1 million to CMTG/TT and have received return of capital distributions of $123.3 million, of which $111.1 million were recallable. As of September 30, 2026 and December 31, 2025, our remaining capital commitment to CMTG/TT was $72.9 million.

As of September 30, 2026 and December 31, 2025, we had aggregate unfunded loan commitments of $171.0 million and $271.9 million, respectively, which amounts will generally be funded to finance construction or leasing related expenditures by our borrowers, subject to them achieving certain conditions precedent to such funding. These future commitments will expire over the remaining term of the loans, none of which exceed five years.

Our financings are expected to be repaid upon the resolution of the associated loan receivable or real estate owned asset, with a portion of the proceeds from the resolution of other loans receivable and real estate owned assets within our portfolio, or through a combination thereof. To the extent a financing is expected to reach final maturity, we may also seek replacement financings, extension of existing financings, or other capital solutions as deemed appropriate by management. Our contractual payments due under all financings were as follows as of September 30, 2026 ($ in thousands):


Year	Initial Maturity(1)		Fully Extended Maturity(2)
2026 (3)	$	1,146,907	$	1,146,907
2027		279,869		44,869
2028		16,578		16,578
2029		148,901		148,901
2030		678,634		913,634
Total	$	2,270,889	$	2,270,889

(1)

Initial maturity is based on the earlier of the initial maturity date of each individual corresponding loan receivable or the maximum maturity date under the respective financing agreement, assuming conditions to extend are met.

(2)

Fully extended maturity is based on the earlier of the fully extended maturity date of each individual corresponding loan receivable or the maximum maturity date under the respective financing agreement, assuming conditions to extend are met.

(3)

Financings due for the remaining three months of 2026. Includes financings outstanding of $549.2 million related to seven loans in maturity default with aggregate unpaid principal balance of $1.4 billion.

In the normal course of business, we may enter into contracts that contain a variety of representations and provide for general indemnifications. Our maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against us that have not yet occurred. However, based on experience, we expect the risk of loss to be remote.