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Real Estate Owned (Tables)
12 Months Ended
Dec. 31, 2022
Real Estate [Abstract]  
Schedule of Company's REO Assets

The following table summarizes the Company’s REO assets as of December 31, 2022:

 

Acquisition Date

 

Property Type

 

Primary Location(s)

 

Building and Improvements

 

 

Furniture, Fixtures and Equipment

 

 

Accumulated Depreciation

 

 

Real Estate Owned, Net

 

August 2020 (1)(2)

 

 Hotel

 

 Chicago, IL

 

$

26,699

 

 

$

7,137

 

 

$

(2,621

)

 

$

31,215

 

 

(1) Refer to Note 2 – “Summary of Significant Accounting Policies” for useful life of the above assets.

(2) Represents hotel ground lease interest acquired by the Company by completing a deed-in-lieu of foreclosure transaction.