Beneficial Interests (Tables) |
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Beneficial Interests [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Beneficial Interests | The following table presents the aggregate unpaid principal balance of the underlying portfolio as well as the fair value of beneficial interests, which are presented as a separate asset line item on the condensed consolidated balance sheets. As of September 30, 2023, beneficial interest liabilities were immaterial and their value is included in other liabilities on the condensed consolidated balance sheets. There were no beneficial interests assets or liabilities held by the Company as of December 31, 2022.
The Company recognizes these beneficial interests at fair value with changes reported as part of the fair value and other adjustments on the condensed consolidated statements of operations and comprehensive loss. The table below presents losses recognized on beneficial interests during the following periods:
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