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Related Party (Tables)
 6 Months Ended
Jun. 30, 2022
Related Party Transactions [Abstract]  
Schedule of promissory notes
The following table provides details of financing that the Company has provided, in the form of secured promissory notes, to certain loan origination-related entities in which the Company also holds equity investments:
Effective Date of Promissory NoteMaturity Date of Promissory NoteInterest Rate
as of		Outstanding Borrowings as of
Fair Value(1)
as of
Maximum BorrowingJune 30, 2022December 31, 2021June 30, 2022December 31, 2021June 30, 2022December 31, 2021
(In thousands)(In thousands)
May 2021(2)
December 31, 2025$6,000 6.0%3.0%$3,000 $3,000 $3,000 $3,000 
February 2022January 31, 2025500 7.0%— 325 — 325 — 
(1)Classified as a Corporate loan and is included in Loans, at fair value on the Consolidated Balance Sheet.
(2)Convertible into non-voting equity interests, at the option of the borrower, at any time prior to maturity.
In June 2022, the Company converted a $2.0 million corporate loan to a mortgage loan originator into preferred equity, and in connection with such conversion, the Company purchased an additional $150 thousand of such preferred equity. The Company also holds a non-controlling common equity investment in this originator. As of June 30, 2022, the fair value of the Company's investments in this originator was $1.2 million, which is included in Investments in unconsolidated entities, at fair value, on the Consolidated Balance Sheet. For the three- and six-month periods ended June 30, 2022, the Company has recognized net unrealized losses of $(3.5) million related to its investment in this originator, which are included in Earnings (losses) from investments in unconsolidated entities, on its Consolidated Statement of Operations.