Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Outstanding Commitments

The below table details the Company's outstanding commitments as of December 31, 2022 (in thousands):

Commitment type	Date of Commitment	Total Commitment		Funded Commitment		Remaining Commitment
Non-Agency and Agency-Eligible Loans (1)	Various	$	8,062	$	—	$	8,062
Land Related Financing (2)	Various	13,746		10,688		3,058
MATT Non-QM Loans (2)(3)	January 28, 2022	15,607		—		15,607
Total		$	37,415	$	10,688	$	26,727

(1)The Company entered into forward purchase commitments to acquire certain Non-Agency and Agency-Eligible Loans from Arc Home which have not yet settled as of December 31, 2022. Refer to Note 10 "Transactions with affiliates" for more information.

(2)Refer to Note 2 and Note 10 "Investments in debt and equity of affiliates" for more information regarding LOTS and MATH.

(3)Subsequent to December 31, 2022, the Company's commitment on MATT Non-QM Loans was removed.