{
 "markdown": "Portfolio\nCore Originations in the Quarter\n\n\n### Overview\n\n- 26 loans; $468 million total commitment ($462 million of initial funding / $6 million of future funding)\n- 2.78% weighted average spread; 6.49% all-in coupon<sup>(1)</sup>\n- 0.5% and 0.5% weighted average origination and exit fees, respectively\n\n<figure type=\"CHART\">By Collateral\n\n<description>This is a donut chart illustrating the distribution of collateral types. The vast majority of the chart, representing 92%, is labeled 'Multifamily'. A small segment representing 5% is labeled 'Healthcare' and another small segment representing 3% is labeled 'Industrial'.</description><table><thead><tr><th>Category</th><th>Percentage</th></tr></thead><tbody><tr><td>Multifamily</td><td>92%</td></tr><tr><td>Healthcare</td><td>5%</td></tr><tr><td>Industrial</td><td>3%</td></tr></tbody></table></figure>\n\n<figure type=\"CHART\">By Region\n\n\n\n<description>A donut chart illustrating the distribution of data by region. The chart is divided into seven segments with the following values:</description>\n\n<table>\n  <thead>\n    <tr>\n      <th>Region</th>\n      <th>Percentage</th>\n    </tr>\n  </thead>\n  <tbody>\n    <tr>\n      <td>Southeast</td>\n      <td>40%</td>\n    </tr>\n    <tr>\n      <td>Southwest</td>\n      <td>20%</td>\n    </tr>\n    <tr>\n      <td>Various</td>\n      <td>12%</td>\n    </tr>\n    <tr>\n      <td>Mideast</td>\n      <td>11%</td>\n    </tr>\n    <tr>\n      <td>Rocky Mountain</td>\n      <td>8%</td>\n    </tr>\n    <tr>\n      <td>Great Lakes</td>\n      <td>4%</td>\n    </tr>\n    <tr>\n      <td>New England</td>\n      <td>3%</td>\n    </tr>\n    <tr>\n      <td>Far West</td>\n      <td>2%</td>\n    </tr>\n  </tbody>\n</table></figure>\n\n<figure type=\"CHART\">By State \n\n<description>A donut chart illustrating the distribution of a dataset by state. The segments are ordered clockwise starting from the top: New Jersey (6%), Georgia (5%), Ohio (4%), All Other (11%), Texas (20%), Florida (18%), North Carolina (17%), Various (12%), and Colorado (7%).</description> <table><tr><td>State</td><td>Percentage</td></tr><tr><td>Texas</td><td>20%</td></tr><tr><td>Florida</td><td>18%</td></tr><tr><td>North Carolina</td><td>17%</td></tr><tr><td>Various</td><td>12%</td></tr><tr><td>All Other</td><td>11%</td></tr><tr><td>Colorado</td><td>7%</td></tr><tr><td>New Jersey</td><td>6%</td></tr><tr><td>Georgia</td><td>5%</td></tr><tr><td>Ohio</td><td>4%</td></tr></table></figure>\n\nNote: Charts shown above are based on the initial funding/unpaid principal balance of the newly originated loans.\n 1. All-in coupon based on 3/31/26 SOFR indices.\n\n\nBENEFIT STREET PARTNERS\n\n\n15\n\n<!-- doc_id=parse-01m3d9a8wtcbfp0cm3g83fate9 -->",
 "structure": {
  "type": "document",
  "markdown": null,
  "children": [
   {
    "type": "page",
    "page": null,
    "span": null,
    "width": null,
    "height": null,
    "dpi": null,
    "grounding": {
     "page": 1,
     "range": {
      "start": 0,
      "end": 2622
     },
     "box": {
      "xmin": 0.0,
      "ymin": 0.0,
      "xmax": 1.0,
      "ymax": 1.0
     }
    },
    "markdown": null,
    "status": "ok",
    "reason": null,
    "children": [
     {
      "type": "text",
      "id": "text-0",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 0,
        "end": 43
       },
       "box": {
        "xmin": 0.03894,
        "ymin": 0.02847,
        "xmax": 0.48058,
        "ymax": 0.10827
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 0,
         "end": 10
        },
        "box": {
         "xmin": 0.0423,
         "ymin": 0.03374,
         "xmax": 0.1011,
         "ymax": 0.0566
        }
       },
       {
        "page": 1,
        "range": {
         "start": 10,
         "end": 43
        },
        "box": {
         "xmin": 0.04163,
         "ymin": 0.06102,
         "xmax": 0.47745,
         "ymax": 0.10559
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "text",
      "id": "text-1",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 45,
        "end": 305
       },
       "box": {
        "xmin": 0.04035,
        "ymin": 0.13233,
        "xmax": 0.49432,
        "ymax": 0.51722
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 45,
         "end": 57
        },
        "box": {
         "xmin": 0.04409,
         "ymin": 0.13769,
         "xmax": 0.12185,
         "ymax": 0.16572
        }
       },
       {
        "page": 1,
        "range": {
         "start": 57,
         "end": 100
        },
        "box": {
         "xmin": 0.09492,
         "ymin": 0.20502,
         "xmax": 0.44033,
         "ymax": 0.22873
        }
       },
       {
        "page": 1,
        "range": {
         "start": 100,
         "end": 165
        },
        "box": {
         "xmin": 0.1215,
         "ymin": 0.22878,
         "xmax": 0.41352,
         "ymax": 0.25201
        }
       },
       {
        "page": 1,
        "range": {
         "start": 165,
         "end": 232
        },
        "box": {
         "xmin": 0.09316,
         "ymin": 0.33024,
         "xmax": 0.44221,
         "ymax": 0.35651
        }
       },
       {
        "page": 1,
        "range": {
         "start": 232,
         "end": 281
        },
        "box": {
         "xmin": 0.11439,
         "ymin": 0.43527,
         "xmax": 0.42141,
         "ymax": 0.45948
        }
       },
       {
        "page": 1,
        "range": {
         "start": 281,
         "end": 305
        },
        "box": {
         "xmin": 0.20042,
         "ymin": 0.4598,
         "xmax": 0.33902,
         "ymax": 0.48264
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "figure",
      "id": "figure-0",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 307,
        "end": 859
       },
       "box": {
        "xmin": 0.50476,
        "ymin": 0.13177,
        "xmax": 0.96075,
        "ymax": 0.51767
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 307,
         "end": 859
        },
        "box": {
         "xmin": 0.50476,
         "ymin": 0.13177,
         "xmax": 0.96075,
         "ymax": 0.51767
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "figure",
      "id": "figure-1",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 861,
        "end": 1692
       },
       "box": {
        "xmin": 0.04026,
        "ymin": 0.52277,
        "xmax": 0.49433,
        "ymax": 0.90788
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 861,
         "end": 1692
        },
        "box": {
         "xmin": 0.04026,
         "ymin": 0.52277,
         "xmax": 0.49433,
         "ymax": 0.90788
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "figure",
      "id": "figure-2",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 1694,
        "end": 2424
       },
       "box": {
        "xmin": 0.50507,
        "ymin": 0.52305,
        "xmax": 0.95954,
        "ymax": 0.90678
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 1694,
         "end": 2424
        },
        "box": {
         "xmin": 0.50507,
         "ymin": 0.52305,
         "xmax": 0.95954,
         "ymax": 0.90678
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "text",
      "id": "text-2",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 2426,
        "end": 2589
       },
       "box": {
        "xmin": 0.0408,
        "ymin": 0.92138,
        "xmax": 0.46722,
        "ymax": 0.95829
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 2426,
         "end": 2540
        },
        "box": {
         "xmin": 0.04358,
         "ymin": 0.92425,
         "xmax": 0.4662,
         "ymax": 0.93909
        }
       },
       {
        "page": 1,
        "range": {
         "start": 2540,
         "end": 2589
        },
        "box": {
         "xmin": 0.04469,
         "ymin": 0.94044,
         "xmax": 0.23023,
         "ymax": 0.95594
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "marginalia",
      "id": "marginalia-0",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 2591,
        "end": 2615
       },
       "box": {
        "xmin": 0.7363,
        "ymin": 0.95735,
        "xmax": 0.91245,
        "ymax": 0.9792
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 2591,
         "end": 2615
        },
        "box": {
         "xmin": 0.73999,
         "ymin": 0.96146,
         "xmax": 0.9089,
         "ymax": 0.97477
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "marginalia",
      "id": "marginalia-1",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 2617,
        "end": 2620
       },
       "box": {
        "xmin": 0.94146,
        "ymin": 0.95887,
        "xmax": 0.95854,
        "ymax": 0.97836
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 2617,
         "end": 2620
        },
        "box": {
         "xmin": 0.94381,
         "ymin": 0.96201,
         "xmax": 0.95561,
         "ymax": 0.97409
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     }
    ]
   }
  ]
 },
 "grounding": null,
 "metadata": {
  "req_id": null,
  "job_id": "parse-01m3d9a8wtcbfp0cm3g83fate9",
  "model_version": "dpt-3-pro-20260710",
  "page_count": 1,
  "markdown_chars": null,
  "output_markdown_chars": 2669,
  "range_units": "unicode_codepoints",
  "openapi_spec": "https://api.ade.landing.ai/openapi.json",
  "failed_pages": [],
  "duration_ms": 7963,
  "billing": {
   "service_tier": "standard",
   "total_credits": 1.2
  }
 }
}