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Related Party (Tables)
3 Months Ended
Mar. 31, 2024
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 BorrowingMarch 31, 2024December 31, 2023March 31, 2024December 31, 2023March 31, 2024December 31, 2023
(In thousands)(In thousands)
May 2021(2)
December 31, 2025$6,000 9.0%9.0%$2,335 $2,335 $2,335 $2,335 
February 2022January 31, 2025750 7.0%7.0%575 575 575 575 
December 2022December 16, 20243,500 15.0%15.0%1,644 1,644 1,233 1,233 
(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.