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    "text": "6/30/2025: $0.45",
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    "text": "Q2 2025: 94%",
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    "text": "9/30/2025: $0.48",
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    "text": "Q3 2025: 96%",
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    "text": "12/31/2025: $0.51",
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    "title": "Distributable Earnings Per Share Prior to Realized Gains and Losses(1)",
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    "text": "3/31/2026: $0.49",
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    "title": "Distributable Earnings Per Share Prior to Realized Gains and Losses(1)",
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    "text": "6/30/2025: $0.04",
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    "title": "Distributable Earnings Per Share Prior to Realized Gains and Losses(1)",
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    "text": "9/30/2025: $0.37",
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    "title": "Distributable Earnings Per Share Prior to Realized Gains and Losses(1)",
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    "text": "12/31/2025: $0.24",
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    "title": "Distributable Earnings Per Share Prior to Realized Gains and Losses(1)",
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    "text": "3/31/2026: $(0.04)",
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    "title": "Distributable Earnings Per Share Prior to Realized Gains and Losses(1)",
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    "text": "9/30/2025: $0.24",
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    "text": "3/31/2026: $0.21",
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    "text": "vintage investments",
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    "title": "Loan Portfolio Details",
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    "text": "Property Type",
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    "text": "Location",
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    "text": "Maximum Maturity (v)",
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    "title": "Loan Portfolio Details",
    "row": 0,
    "col": 9,
    "text": "Loan per SQFT/Unit",
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    "row": 0,
    "col": 10,
    "text": "Origination LTV (i)",
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    "page": 12,
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    "title": "Loan Portfolio Details",
    "row": 1,
    "col": 0,
    "text": "Mixed-Use",
    "status": "unverified",
    "note": "not confirmed by inspection"
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  {
    "source": "data/playground/uploads/0c938af87992f552.pdf",
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    "table_id": "0c938af87992f552-p12-t1",
    "title": "Loan Portfolio Details",
    "row": 1,
    "col": 8,
    "text": "1/29/2027",
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  {
    "source": "data/playground/uploads/0c938af87992f552.pdf",
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    "title": "Loan Portfolio Details",
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    "text": "$272 / sqft",
    "status": "unverified",
    "note": "not confirmed by inspection"
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    "page": 12,
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    "text": "74%",
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    "title": "Loan Portfolio Details",
    "row": 2,
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    "text": "Hospitality",
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    "col": 8,
    "text": "6/21/2030",
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    "source": "data/playground/uploads/0c938af87992f552.pdf",
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    "text": "$415 / sqft",
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  {
    "source": "data/playground/uploads/0c938af87992f552.pdf",
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    "text": "59%",
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    "title": "Loan Portfolio Details",
    "row": 3,
    "col": 0,
    "text": "Mixed-Use",
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  {
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    "text": "7/9/2029",
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    "source": "data/playground/uploads/0c938af87992f552.pdf",
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    "text": "$448 / sqft",
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    "text": "53%",
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    "text": "Mixed-Use",
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  {
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    "text": "4/15/2026",
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    "source": "data/playground/uploads/0c938af87992f552.pdf",
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    "text": "n / a",
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    "text": "71%",
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    "text": "Industrial",
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    "text": "$88 / sqft",
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    "text": "76%",
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    "title": "Loan Portfolio Details",
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    "text": "Self-Storage",
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    "text": "2/9/2030",
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    "text": "$154 / sqft",
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    "text": "58%",
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    "text": "Industrial",
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    "text": "11/9/2030",
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    "text": "$100 / sqft",
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    "text": "78%",
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    "text": "Mixed-Use",
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    "text": "12/9/2026",
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    "text": "$131 / sqft",
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    "text": "50%",
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    "text": "Industrial",
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    "text": "4/7/2030",
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    "text": "$341 / sqft",
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    "text": "67%",
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    "text": "Office",
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    "text": "($6,297)",
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    "note": "The image shows 'Net (loss) income(w)' printed at this position, not the value ($6,297)."
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    "table_id": "0c938af87992f552-p15-t3",
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    "text": "169,078",
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    "note": "The image shows 'Weighted-average shares outstanding, basic and diluted' printed at this position, not the value 169,078."
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    "note": "The image shows 'Per share amount, basic and diluted' printed at this position, not the value ($0.04)."
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  {
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    "table_id": "0c938af87992f552-p16-t1",
    "title": "Reconciliation of Net Income to Distributable Earnings",
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    "col": 2,
    "text": "Three Months Ended June 30, 2025",
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    "note": "The header shows 'Three' on one line and 'September 30' on the next, with the full text 'Three Months Ended September 30, 2025' appearing to be split across the visible portion; the June 30, 2025 column header is cut off at the right edge of the image."
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    "title": "Reconciliation of Net Income to Distributable Earnings",
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    "text": "$63,397",
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    "note": "The image shows '$6' at the right edge of the Net income row, which appears to be a truncated value."
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    "table_id": "0c938af87992f552-p16-t1",
    "title": "Reconciliation of Net Income to Distributable Earnings",
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    "text": "$6,969",
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    "note": "The June 30, 2025 column is cut off at the right edge of the image, so the value for Net income in that column is not visible."
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  {
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    "table_id": "0c938af87992f552-p16-t1",
    "title": "Reconciliation of Net Income to Distributable Earnings",
    "row": 2,
    "col": 1,
    "text": "(42,111)",
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    "note": "The image shows '(4' at the right edge of the Charge-offs of CECL reserves row, which appears to be a truncated value."
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    "table_id": "0c938af87992f552-p16-t1",
    "title": "Reconciliation of Net Income to Distributable Earnings",
    "row": 2,
    "col": 2,
    "text": "(45,057)",
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    "note": "The June 30, 2025 column is cut off at the right edge of the image, so the value for Charge-offs of CECL reserves in that column is not visible."
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  {
    "source": "data/playground/uploads/0c938af87992f552.pdf",
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    "table_id": "0c938af87992f552-p16-t1",
    "title": "Reconciliation of Net Income to Distributable Earnings",
    "row": 3,
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    "table_id": "0c938af87992f552-p16-t1",
    "title": "Reconciliation of Net Income to Distributable Earnings",
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    "text": "45,593",
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    "note": "The June 30, 2025 column is cut off at the right edge of the image, so the value for (Decrease) increase in CECL reserves in that column is not visible."
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    "table_id": "0c938af87992f552-p16-t1",
    "title": "Reconciliation of Net Income to Distributable Earnings",
    "row": 4,
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    "text": "15,388",
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    "note": "The image shows '1' at the right edge of the Depreciation and amortization of owned real estate row, which appears to be a truncated value."
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    "table_id": "0c938af87992f552-p16-t1",
    "title": "Reconciliation of Net Income to Distributable Earnings",
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    "text": "17,046",
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    "note": "The June 30, 2025 column is cut off at the right edge of the image, so the value for Depreciation and amortization of owned real estate in that column is not visible."
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    "title": "Reconciliation of Net Income to Distributable Earnings",
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    "note": "The Non-cash compensation expense row shows no clearly visible numeric value in the September 30, 2025 column on the right side of the image."
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    "note": "The June 30, 2025 column is cut off at the right edge of the image, so the value for Non-cash compensation expense in that column is not visible."
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    "title": "Reconciliation of Net Income to Distributable Earnings",
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    "table_id": "0c938af87992f552-p16-t1",
    "title": "Reconciliation of Net Income to Distributable Earnings",
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    "note": "The June 30, 2025 column is cut off at the right edge of the image, so the value for Realized hedging and foreign currency loss, net in that column is not visible."
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  {
    "source": "data/playground/uploads/0c938af87992f552.pdf",
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    "table_id": "0c938af87992f552-p16-t1",
    "title": "Reconciliation of Net Income to Distributable Earnings",
    "row": 8,
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    "table_id": "0c938af87992f552-p16-t1",
    "title": "Reconciliation of Net Income to Distributable Earnings",
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    "text": "1,665",
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    "table_id": "0c938af87992f552-p16-t1",
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    "text": "35",
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    "table_id": "0c938af87992f552-p16-t1",
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    "text": "(127)",
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    "note": "The June 30, 2025 column is cut off at the right edge of the image, so the value for Cash (non-cash) income from Agency Multifamily Lending Partnership, net in that column is not visible."
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    "table_id": "0c938af87992f552-p16-t1",
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    "table_id": "0c938af87992f552-p16-t1",
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    "text": "(46)",
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    "table_id": "0c938af87992f552-p16-t1",
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    "text": "(11)",
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    "note": "The June 30, 2025 column is cut off at the right edge of the image, so the value for Other items in that column is not visible."
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    "table_id": "0c938af87992f552-p16-t1",
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    "text": "$40,436",
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    "text": "$32,626",
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    "text": "$45,057",
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    "text": "171,894",
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    "text": "$0.45",
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