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Related Party (Tables)
 6 Months Ended
Jun. 30, 2023
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, 2023December 31, 2022June 30, 2023December 31, 2022June 30, 2023December 31, 2022
(In thousands)(In thousands)
May 2021(2)
December 31, 2025$6,000 9.0%6.0%$2,335 $3,000 $2,335 $3,000 
February 2022January 31, 2025750 7.0%7.0%550 475 550 475 
November 2022(3)
January 31, 2025500 n/a10.0%n/a50 n/a50 
December 2022December 16, 20243,500 15.0%15.0%2,270 515 2,270 515 
(1)Classified as a Corporate loan and is included in Loans, at fair value on the Condensed Consolidated Balance Sheet.
(2)Convertible into non-voting equity interests, at the option of the borrower, at any time prior to maturity.
(3)During the six-month period ended June 30, 2023, the Company's debt and equity investments in this origination-related entity were written off as the Company determined its cost basis was non-recoverable; the Company recognized a net loss on its debt and equity investments of $(0.5) million (included in Realized gains (losses) on securities and loans, net on the Condensed Consolidated Statement of Operations) and $(0.1) million (included in Earnings (losses) from investments in unconsolidated entities on the Condensed Consolidated Statement of Operations), respectively.