Equity Method Investments (Tables)

9 Months Ended

Sep. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Joint Venture Revenues and Net Income (Loss)

The table below details the Company’s joint venture revenues and earnings during the nine months ended September 30, 2023 and 2022 (in thousands):

	Nine Months Ended September 30,
	2023			2022
Revenues:
CPFH LLC	$	—		$	31,072
KNFH LLC		303			16,882
DHC8 LLC		1,183			—
HGC Origination I LLC and HGC Funding I LLC		3,769			1,611
HGC MPG Funding LLC		552			—
Total revenues	$	5,807		$	49,565
Operating income (loss):
CPFH LLC	$	—		$	15,357
KNFH LLC		(144	)		6,915
DHC8 LLC		1,009			—
HGC Origination I LLC and HGC Funding I LLC		2,374			1,589
HGC MPG Funding LLC		548			—
Total operating income	$	3,787		$	23,861

Schedule of the Components of Assets and Liabilities

The table below details the summarized components of assets and liabilities of the Company’s joint ventures, as of September 30, 2023 and December 31, 2022 (in thousands):

	September 30,		December 31,
	2023		2022
Assets:
KNFH LLC	$	294	$	—
DHC8 LLC		7,497		8,561
HGC Origination I LLC and HGC Funding I LLC		43,412		53,385
HGC MPG Funding LLC		18,402		—
Total assets	$	69,605	$	61,946
Liabilities:
KNFH LLC	$	285	$	47
DHC8 LLC		1,144		1,028
HGC Origination I LLC and HGC Funding I LLC		—		1,504
HGC MPG Funding LLC		—		—
Total liabilities	$	1,429	$	2,579