CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022
Operating activities:
Net income (loss)	$ (6,439)	$ 2,909	$ 10,031	$ 16,201
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization of deferred financing costs	979			2,220
Accretion of discounts, deferred loan origination fees and costs	(1,779)			(2,280)
Stock-based compensation	960			766
Provision for current expected credit losses	21,019			(594)
Realized losses on loans sold	5,613			0
Amortization of derivative financial instruments	(456)			0
Gain on sale of real estate owned	0			(2,197)
Changes in operating assets and liabilities:
Other assets	(8,617)			3,956
Due to affiliate	(1,681)			(333)
Other liabilities	1,657			(1,524)
Net cash provided by (used in) operating activities	11,256			16,215
Investing activities:
Issuance of and fundings on loans held for investment	(18,378)			(217,549)
Principal repayment of loans held for investment	78,198			266,574
Proceeds from sale of loans held for sale	9,825			0
Receipt of origination fees	413			2,428
Proceeds from sale of real estate owned	0			38,227
Net cash provided by (used in) investing activities	70,058			89,680
Financing activities:
Repayments of notes payable	0			(28,275)
Payment of secured funding costs	(297)			(651)
Repayments of debt of consolidated VIEs	(42,106)			0
Dividends paid	(19,347)			(16,674)
Proceeds from sale of common stock	0			2,874
Net cash provided by (used in) financing activities	(68,828)			(142,751)
Change in cash and cash equivalents	12,486			(36,856)
Cash and cash equivalents, beginning of period	141,278		$ 13,759	50,615
Cash and cash equivalents, end of period	153,764	$ 141,278		13,759
Secured funding agreements
Financing activities:
Proceeds from secured funding agreements	12,662			37,892
Repayments of secured funding agreements	$ (19,740)			$ (137,917)