LOAN RECEIVABLE HELD AT CARRYING VALUE

3 Months Ended

Mar. 31, 2023

Receivables [Abstract]

LOAN RECEIVABLE HELD AT CARRYING VALUE

LOAN RECEIVABLE HELD AT CARRYING VALUEAs of March 31, 2023 and December 31, 2022, the Company’s portfolio included one loan receivable held at carrying value. The originated commitment under this loan was $4.0 million and outstanding principal was approximately $2.2 million and $2.2 million as of March 31, 2023 and December 31, 2022, respectively. During the three months ended March 31, 2023, the Company had no principal repayments.

The following table presents changes in loans receivable as of and for the three months ended March 31, 2023:

	Principal		Original Issue Discount		Carrying Value
Total loan receivable held at carrying value at December 31, 2022	$	2,222,339	$	(1,686)	$	2,220,653
Accretion of original issue discount	—		—		—
Total loan receivable held at carrying value at March 31, 2023	$	2,222,339	$	(1,686)	$	2,220,653

As of March 31, 2023, the Company had one loan receivable held at carrying value on non-accrual status with an outstanding principal amount of approximately $2.2 million with a related current expected credit loss reserve recorded of approximately $1.1 million.