Loan Participations Sold, Net (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Loan Participations Sold

The following tables detail our loan participations sold ($ in thousands):

	March 31, 2022
Loan Participations Sold		Count	Principal  Balance		Book Value		Wtd. Avg.  Yield/Cost(1)		Term(2)
Total Loan		1	$	305,459	$	302,423	+ 4.86	%	March 2027
Senior Participation		1	$	244,367	$	243,760	+ 3.20	%	March 2027

(1)The loan and related participation sold is indexed to SONIA. This non-debt participation sold structure is inherently matched in terms of currency and interest rate. In addition to cash coupon, yield/cost includes the amortization of deferred fees / financing costs.

(2)The term is determined based on the on maximum maturity of the loan, assuming all extension options are exercised by the borrower.