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Related Party (Tables)
 12 Months Ended
Dec. 31, 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 BorrowingDecember 31, 2022December 31, 2021December 31, 2022December 31, 2021December 31, 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%—%475 — 475 — 
November 2022January 31, 2025500 10.0%—%50 — 50 — 
December 2022December 16, 20243,500 15.0%—%515 — 515 — 
(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 held a non-controlling common equity investment in this originator. As of December 31, 2022, the Company's investments in this originator were written off as the Company determined its cost basis was non-recoverable. For the year ended December 31, 2022, the Company recognized a realized loss of $(4.8) million, related to its investment in this originator, which is included in Earnings (losses) from investments in unconsolidated entities, on its Consolidated Statement of Operations.