Equity Method Investments

6 Months Ended

Jun. 30, 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 six months ended June 30, 2021 and 2020 (in thousands):

	Six Months Ended June 30,
	2021			2020
Revenues:
Oak Grove Asset Acquisitions LP	$	—		$	1,098
CPFH LLC		215			801
HGC Funding I LLC and Origination I LLC		17			140
Total revenues	$	232		$	2,039
Operating income:
Oak Grove Asset Acquisitions LP	$	—		$	219
CPFH LLC		—			42
HGC Funding I LLC and Origination I LLC		(4	)		133
Total operating income	$	(4	)	$	394

The table below details the summarized components of assets and liabilities of the Company’s joint ventures, as of June 30, 2021 and December 31, 2020 (in thousands):

	June 30,		December 31,
	2021		2020
Assets:
Oak Grove Asset Acquisitions LP	$	—	$	—
CPFH LLC		10,860		10,791
HGC Funding I LLC		1,983		—
Total assets	$	12,843	$	10,791
Liabilities:
Oak Grove Asset Acquisitions LP	$	1	$	1
CPFH LLC		5,162		5,374
HGC Funding I LLC		22		—
Total liabilities	$	5,185	$	5,375