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   "markdown": "<a id='bcb40948-d51c-48f8-ac5a-024f7012cbd5'></a>\n\nPORTFOLIO OVERVIEW\n\nTotal Portfolio: $12.1B\nAs of: 12/31/2025\n\nAverage loan size: $19.2M\nW/A loan-to-value: 77%\nAllowance for credit losses (CECL): 1%\nW/A mos. to maturity: 14.7\nW/A mos. to maturity w/ext. option: 19.9",
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