Portfolio Size1:
$681.3 Million
1st Mortgage Weighted Avg. Years to Maturity2:
1.7 Years
Historical Loan Payoffs:
16 Loans
Number of Investments1:
39
Average Investment Balance1:
$17.5 Million
Historical 1st Mortgage Payoff Amount:
$280.2 Million
Range of Investment Balances1:
$5.2 - $47.7 Million
Average Leverage Ratio3:
70.2%
Portfolio Composition
Debt Investments: Floating vs. Fixed Rate
All Investments by Type4
Loans by Region
Loans by Property Type
1 Portfolio size is based on the unpaid principal balance of our debt investments and the fair value of our real estate owned (REO) in each case as of December 31, 2021. Portfolio size, average investment balance and number of investments include our REO.
2 1st mortgage loan weighted average years to maturity based on maturity date assuming no options to extend are exercised. See our Form 10-K or 10-Q most recently filed with the SEC for maximum maturities assuming all extensions are exercised.
3 Weighted average of loan-to-value at origination, based on current loan balance as of December 31, 2021.
4 Investments by type are based on the par value of loan investments and the fair value of REO as of 12/31/2021. Subject to change without notice. First mortgage loans finance commercial real estate properties and are loans that generally have the highest priority lien among the loans in a foreclosure proceeding on the collateral securing the loan. The senior position does not protect against default, and losses may still occur. Credit loans, also called mezzanine loans, are secured by one or more direct or indirect ownership interests in an entity that directly or indirectly owns real estate. REO, which stands for “real estate owned,” represents real estate we have acquired through foreclosure, deed-in-lieu of foreclosure, or purchase.
This website is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is made only by the prospectus. This material must be read in conjunction with the prospectus in order to fully understand all of the implications and risks of the offering of securities to which the prospectus relates. A copy of the prospectus must be made available to you in connection with any offering. No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither the Securities and Exchange Commission, the Attorney-General of the State of New York nor any other state securities regulator has approved or disapproved of the securities, determined if the prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
This website contains forward-looking statements that are subject to risks and uncertainties. Please see "Risk Factors" for additional information.