The following tables provide summarized financial information of the Unconsolidated Joint Venture for the periods set forth below (in thousands):



	March 31, 2026		December 31, 2025
Assets:
Real estate investments - at fair value	$	91,300	$	96,109
Loans held-for-investment - at fair value, net of deferred fees	$	423,587	$	813,069
Total assets	$	534,421	$	932,250

Liabilities and equity:
Repurchase facilities and securitized debt, net of deferred fees	$	257,209	$	604,347
Total liabilities	$	260,365	$	609,645
Total equity	$	274,056	$	322,605


	Three Months Ended March 31,
	2026		2025
Total revenues	$	12,115	$	22,741
Total expenses	8,611		15,602
Net realized and unrealized loss	(5,562)		(4,882)
Net (loss) income	$	(2,058)	$	2,257