CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest income:
Loans held-for-investment	$ 63,848	$ 52,121	$ 195,356	$ 148,475
Cash and cash equivalents	2,839	714	6,876	960
Total interest income	66,687	52,835	202,232	149,435
Interest expense:
Repurchase facilities	21,986	15,098	64,630	30,486
Secured credit facility	3,178	0	9,182	0
Securitized debt obligations	18,414	14,416	54,353	34,992
Convertible senior notes	2,332	4,585	6,975	13,703
Term financing facility	0	0	0	1,713
Asset-specific financings	862	442	2,424	1,046
Senior secured term loan facilities	0	0	0	3,754
Total interest expense	46,772	34,541	137,564	85,694
Net interest income	19,915	18,294	64,668	63,741
Other (loss) income:
Revenue from real estate owned operations	1,056	0	1,518	0
Provision for credit losses	(31,008)	(35,442)	(83,236)	(52,757)
Gain (loss) on extinguishment of debt	0	0	238	(18,823)
Fee income	81	0	81	954
Total other (loss) income	(29,871)	(35,442)	(81,399)	(70,626)
Expenses:
Compensation and benefits	5,044	4,953	17,165	16,539
Servicing expenses	1,331	1,336	4,029	4,297
Expenses from real estate owned operations	2,233	0	3,897	0
Other operating expenses	2,358	2,068	7,809	6,867
Total expenses	10,966	8,357	32,900	27,703
Income (loss) before income taxes	(20,922)	(25,505)	(49,631)	(34,588)
Provision for (benefit from) income taxes	15	(1)	94	11
Net income (loss)	(20,937)	(25,504)	(49,725)	(34,599)
Dividends on preferred stock	3,600	3,626	10,850	10,876
Net income (loss) attributable to common stockholders - basic	(24,537)	(29,130)	(60,575)	(45,475)
Net income (loss) attributable to common stockholders - diluted	$ (24,537)	$ (29,130)	$ (60,575)	$ (45,475)
Basic earnings (loss) per weighted average common share (in usd per share)	$ (0.48)	$ (0.56)	$ (1.17)	$ (0.85)
Diluted earnings (loss) per weighted average common share (in usd per share)	$ (0.48)	$ (0.56)	$ (1.17)	$ (0.85)
Weighted average number of shares of common stock outstanding:
Basic (in shares)	51,577,143	52,350,989	51,805,265	53,234,498
Diluted (in shares)	51,577,143	52,350,989	51,805,265	53,234,498
Net income (loss) attributable to common stockholders	$ (24,537)	$ (29,130)	$ (60,575)	$ (45,475)
Comprehensive income (loss)
Comprehensive income (loss)	$ (24,537)	$ (29,130)	$ (60,575)	$ (45,475)