Equity Method Investments

3 Months Ended

Mar. 31, 2021

Equity Method Investments And Joint Ventures [Abstract]

Equity Method Investments

Note 6 – Equity Method Investments

In November 2018, CPFH LLC, of which the Company holds a 25% share, was formed to purchase certain real estate assets among partners in a joint venture. In March 2019, Oak Grove Asset Acquisitions LP, of which the Company holds a 50% share, was formed for the execution of auction deals with Napier Park. In March 2020, HGC Origination I LLC and HGC Funding I LLC were formed as joint ventures with a partner for purposes of conducting business relating to the sourcing, origination and funding of loans to debt purchasing clients.  The table below details the Company’s joint venture revenues and earnings during the three months ended March 31, 2021 and 2020 (in thousands):

	March 31,
	2021		2020
Revenues:
Oak Grove Asset Acquisitions LP	$	—	$	—
CPFH LLC		108		319
HGC Funding I LLC and Origination I LLC		—		8
Total revenues	$	108	$	327
Operating income:
Oak Grove Asset Acquisitions LP	$	—	$	—
CPFH LLC		—		—
HGC Funding I LLC and Origination I LLC		—		8
Total operating income	$	—	$	8

The table below details the summarized components of assets and liabilities of the Company’s joint ventures, as of March 31, 2021 and December 31, 2020 (in thousands):

	March 31,		December 31,
	2021		2020
Assets:
Oak Grove Asset Acquisitions LP	$	—	$	—
CPFH LLC		10,175		10,791
HGC Funding I LLC		—		—
Total assets	$	10,175	$	10,791
Liabilities:
Oak Grove Asset Acquisitions LP	$	1	$	1
CPFH LLC		4,495		5,374
HGC Funding I LLC		—		—
Total liabilities	$	4,496	$	5,375