{ "document": "4618c3668001719e", "values": [ { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "LOAN VINTAGE", "label": "2020 and prior", "series": "Core", "value": "0.9", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p4.c46" ], "box": { "left": 0.09984522427203657, "top": 0.6656348044124332, "right": 0.1138901246732213, "bottom": 0.6770945659506179 } }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "LOAN VINTAGE", "label": "2021", "series": "Core", "value": "1.5", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p4.c47" ], "box": { "left": 0.13869632732341086, "top": 0.5846996514255661, "right": 0.15274122772459559, "bottom": 0.5961594129637509 } }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "LOAN VINTAGE", "label": "2022", "series": "Core", "value": "1.5", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p4.c48" ], "box": { "left": 0.17659984249542787, "top": 0.592057392606458, "right": 0.1906447428966126, "bottom": 0.6035171541446427 } }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "LOAN VINTAGE", "label": "2023", "series": "Core", "value": "0.2", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p4.c49" ], "box": { "left": 0.21450335766744494, "top": 0.7649643103485866, "right": 0.22854825806862963, "bottom": 0.7764240718867714 } }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "LOAN VINTAGE", "label": "2024", "series": "Core", "value": "0.4", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p4.c50" ], "box": { "left": 0.2533544607210935, "top": 0.7404385064152237, "right": 0.26739936112227825, "bottom": 0.7518982679534084 } }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "LOAN VINTAGE", "label": "2025", "series": "Core", "value": "0.1", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p4.c51" ], "box": { "left": 0.29125797589311053, "top": 0.774774631923109, "right": 0.30530287629429526, "bottom": 0.7862343934612938 } }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "LOAN VINTAGE", "label": "2021", "series": "Non-Core", "value": "0.1", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p4.c52" ], "box": { "left": 0.15006738187569826, "top": 0.7784535025135549, "right": 0.164112282276883, "bottom": 0.7899132640517397 } }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "LOAN VINTAGE", "label": "2022", "series": "Non-Core", "value": "0.1", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p4.c53" ], "box": { "left": 0.18797089704771533, "top": 0.7845849534976315, "right": 0.20201579744890003, "bottom": 0.7960447150358162 } }, { "page": 4, "picture_ref": "#/pictures/6", "chart_title": "60+ DQ CORE MIGRATION", "label": "Beg 60+", "series": "", "value": "288", "status": "reconciled", "note": null, "fragment_ids": [ "p4.c83" ], "box": { "left": 0.40707943314711154, "top": 0.7355333456279624, "right": 0.4239285173998048, "bottom": 0.7469931071661471 } }, { "page": 4, "picture_ref": "#/pictures/6", "chart_title": "60+ DQ CORE MIGRATION", "label": "New 60+", "series": "", "value": "134", "status": "reconciled", "note": null, "fragment_ids": [ "p4.c84" ], "box": { "left": 0.44216018703473586, "top": 0.5797944906383048, "right": 0.45900927128742913, "bottom": 0.5912542521764896 } }, { "page": 4, "picture_ref": "#/pictures/6", "chart_title": "60+ DQ CORE MIGRATION", "label": "Mods", "series": "", "value": "(92)", "status": "reconciled", "note": null, "fragment_ids": [ "p4.c85" ], "box": { "left": 0.47629281243884924, "top": 0.713460122085287, "right": 0.4942501891104924, "bottom": 0.7249198836234717 } }, { "page": 4, "picture_ref": "#/pictures/6", "chart_title": "60+ DQ CORE MIGRATION", "label": "Allowance", "series": "", "value": "(13)", "status": "reconciled", "note": null, "fragment_ids": [ "p4.c86" ], "box": { "left": 0.5113735663287491, "top": 0.7281756044470706, "right": 0.5293309430003922, "bottom": 0.7396353659852554 } }, { "page": 4, "picture_ref": "#/pictures/6", "chart_title": "60+ DQ CORE MIGRATION", "label": "REO", "series": "", "value": "(9)", "status": "reconciled", "note": null, "fragment_ids": [ "p4.c87" ], "box": { "left": 0.5492987056669058, "top": 0.7392122162184083, "right": 0.5616428814888274, "bottom": 0.750671977756593 } }, { "page": 4, "picture_ref": "#/pictures/6", "chart_title": "60+ DQ CORE MIGRATION", "label": "Other", "series": "", "value": "(2)", "status": "reconciled", "note": null, "fragment_ids": [ "p4.c88" ], "box": { "left": 0.5834313310710193, "top": 0.7416647966120389, "right": 0.5957755068929409, "bottom": 0.7531245581502236 } }, { "page": 4, "picture_ref": "#/pictures/6", "chart_title": "60+ DQ CORE MIGRATION", "label": "End 60+", "series": "", "value": "306", "status": "reconciled", "note": null, "fragment_ids": [ "p4.c89" ], "box": { "left": 0.6166158279916218, "top": 0.7146864122821022, "right": 0.6334649122443152, "bottom": 0.7261461738202869 } }, { "page": 4, "picture_ref": "#/pictures/7", "chart_title": "QTD INVESTMENT ROLL", "label": "Beg CV", "series": "", "value": "5.15", "status": "reconciled", "note": null, "fragment_ids": [ "p4.c69" ], "box": { "left": 0.7302027551619629, "top": 0.5712250427656003, "right": 0.7498688691066342, "bottom": 0.5826914023183278 } }, { "page": 4, "picture_ref": "#/pictures/7", "chart_title": "QTD INVESTMENT ROLL", "label": "Sales/ Paydowns", "series": "", "value": "(0.46)", "status": "reconciled", "note": null, "fragment_ids": [ "p4.c70" ], "box": { "left": 0.7757129223682059, "top": 0.8178512868889352, "right": 0.8021005295815485, "bottom": 0.8293176464416627 } }, { "page": 4, "picture_ref": "#/pictures/7", "chart_title": "QTD INVESTMENT ROLL", "label": "Originations", "series": "", "value": "0.20", "status": "reconciled", "note": null, "fragment_ids": [ "p4.c71" ], "box": { "left": 0.8288081174425355, "top": 0.6951516629470067, "right": 0.8484742313872068, "bottom": 0.7066180224997343 } }, { "page": 4, "picture_ref": "#/pictures/7", "chart_title": "QTD INVESTMENT ROLL", "label": "Allowance/ Other", "series": "", "value": "(0.11)", "status": "reconciled", "note": null, "fragment_ids": [ "p4.c72" ], "box": { "left": 0.8752664131322895, "top": 0.7749064185071989, "right": 0.9016540203456321, "bottom": 0.7863727780599264 } }, { "page": 4, "picture_ref": "#/pictures/7", "chart_title": "QTD INVESTMENT ROLL", "label": "End CV", "series": "", "value": "4.78", "status": "reconciled", "note": null, "fragment_ids": [ "p4.c73" ], "box": { "left": 0.9274134797208327, "top": 0.7479125012416237, "right": 0.947079593665504, "bottom": 0.7593788607943512 } }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "", "label": "2020 and prior", "series": "Core", "value": "$0.9B", "status": "value_unreconciled", "note": "one measurement, from the figure description; uncontradicted, not corroborated on the printed page", "fragment_ids": [], "box": null }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "", "label": "2021", "series": "Core", "value": "$1.5B", "status": "value_unreconciled", "note": "one measurement, from the figure description; uncontradicted, not corroborated on the printed page", "fragment_ids": [], "box": null }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "", "label": "2021", "series": "Non-Core", "value": "$0.1B", "status": "value_unreconciled", "note": "one measurement, from the figure description; uncontradicted, not corroborated on the printed page", "fragment_ids": [], "box": null }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "", "label": "2022", "series": "Core", "value": "$1.5B", "status": "value_unreconciled", "note": "one measurement, from the figure description; uncontradicted, not corroborated on the printed page", "fragment_ids": [], "box": null }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "", "label": "2022", "series": "Non-Core", "value": "$0.1B", "status": "value_unreconciled", "note": "one measurement, from the figure description; uncontradicted, not corroborated on the printed page", "fragment_ids": [], "box": null }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "", "label": "2023", "series": "Core", "value": "$0.2B", "status": "value_unreconciled", "note": "one measurement, from the figure description; uncontradicted, not corroborated on the printed page", "fragment_ids": [], "box": null }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "", "label": "2024", "series": "Core", "value": "$0.4B", "status": "value_unreconciled", "note": "one measurement, from the figure description; uncontradicted, not corroborated on the printed page", "fragment_ids": [], "box": null }, { "page": 4, "picture_ref": "#/pictures/5", "chart_title": "", "label": "2025", "series": "Core", "value": "$0.1B", "status": "value_unreconciled", "note": "one measurement, from the figure description; uncontradicted, not corroborated on the printed page", "fragment_ids": [], "box": null }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "LOAN PRODUCT", "label": "Bridge", "series": "", "value": "72%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c25", "p5.c26" ], "box": { "left": 0.20282655009133205, "top": 0.3844679274425086, "right": 0.22555760835147218, "bottom": 0.39737491293160515 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "LOAN PRODUCT", "label": "Fixed rate", "series": "", "value": "15%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c27", "p5.c28" ], "box": { "left": 0.08556470461373994, "top": 0.32960405217057187, "right": 0.10829576287388008, "bottom": 0.34251103765966845 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "LOAN PRODUCT", "label": "Construction", "series": "", "value": "8%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c29", "p5.c30" ], "box": { "left": 0.028684857342903082, "top": 0.2606333238761967, "right": 0.045102083802087536, "bottom": 0.2735403093652933 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "LOAN PRODUCT", "label": "Other", "series": "", "value": "5%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c31", "p5.c32" ], "box": { "left": 0.1486813569265019, "top": 0.2353824175573303, "right": 0.16509858338568636, "bottom": 0.24828940304642688 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "COLLATERAL", "label": "Multi-family", "series": "", "value": "74%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c33", "p5.c34" ], "box": { "left": 0.40482655408344503, "top": 0.4154976425270842, "right": 0.42759457748950125, "bottom": 0.42842015007172973 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "COLLATERAL", "label": "Industrial", "series": "", "value": "7%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c35", "p5.c36" ], "box": { "left": 0.30304314053271136, "top": 0.3312039179392844, "right": 0.31948706461259857, "bottom": 0.34412642548392985 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "COLLATERAL", "label": "Retail", "series": "", "value": "5%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c37", "p5.c38" ], "box": { "left": 0.3127454305502419, "top": 0.2958612254601077, "right": 0.32918935463012905, "bottom": 0.3087837330047532 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "COLLATERAL", "label": "Office", "series": "", "value": "4%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c39", "p5.c40" ], "box": { "left": 0.2527554353897586, "top": 0.213322917232474, "right": 0.26919935946964574, "bottom": 0.22624542477711948 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "COLLATERAL", "label": "Land", "series": "", "value": "3%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c41", "p5.c42" ], "box": { "left": 0.31353525066920923, "top": 0.20922531096075148, "right": 0.3299791747490964, "bottom": 0.22214781850539697 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "COLLATERAL", "label": "Other", "series": "", "value": "7%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c43", "p5.c44" ], "box": { "left": 0.39441225640013683, "top": 0.20922531096075148, "right": 0.41085618048002404, "bottom": 0.22214781850539697 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "RISK RATING", "label": "1&2", "series": "", "value": "44%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c45", "p5.c46" ], "box": { "left": 0.6487663813431122, "top": 0.32818230874175514, "right": 0.6714992561986538, "bottom": 0.34109772974169245 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "RISK RATING", "label": "3", "series": "", "value": "44%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c47", "p5.c48" ], "box": { "left": 0.5549886129449396, "top": 0.37800623649958554, "right": 0.5777214878004814, "bottom": 0.39092165749952285 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "RISK RATING", "label": "4&5", "series": "", "value": "12%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c49", "p5.c50" ], "box": { "left": 0.5658626776645677, "top": 0.24410681584571323, "right": 0.5885955525201093, "bottom": 0.25702223684565056 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "MODIFICATION STATUS", "label": "Extensions", "series": "", "value": "22%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c51", "p5.c52" ], "box": { "left": 0.8555480390427262, "top": 0.27439704887350214, "right": 0.878287338133119, "bottom": 0.2873034406371086 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "MODIFICATION STATUS", "label": "Modifications", "series": "", "value": "29%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c53", "p5.c54" ], "box": { "left": 0.8610104682679571, "top": 0.3660203920049055, "right": 0.8837497673583499, "bottom": 0.378926783768512 } }, { "page": 5, "picture_ref": "#/pictures/9", "chart_title": "MODIFICATION STATUS", "label": "Not Modified", "series": "", "value": "49%", "status": "reconciled", "note": null, "fragment_ids": [ "p5.c55", "p5.c56" ], "box": { "left": 0.7545653011376283, "top": 0.3342278226568537, "right": 0.7773046002280211, "bottom": 0.3471342144204602 } }, { "page": 5, "picture_ref": null, "chart_title": "HISTORICAL LEVERED YIELD", "label": "Q4 2024", "series": "", "value": "10.8%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c7" ], "box": { "left": 0.1142115496317086, "top": 0.7551232435255744, "right": 0.15006741573465748, "bottom": 0.769448482658203 } }, { "page": 5, "picture_ref": null, "chart_title": "HISTORICAL LEVERED YIELD", "label": "Q1 2025", "series": "", "value": "11.1%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c8" ], "box": { "left": 0.18914764286651942, "top": 0.7514443729351283, "right": 0.22500350896946827, "bottom": 0.7657696120677571 } }, { "page": 5, "picture_ref": null, "chart_title": "HISTORICAL LEVERED YIELD", "label": "Q2 2025", "series": "", "value": "10.9%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c9" ], "box": { "left": 0.26408373610133024, "top": 0.7538969533287591, "right": 0.2999396022042791, "bottom": 0.7682221924613877 } }, { "page": 5, "picture_ref": null, "chart_title": "HISTORICAL LEVERED YIELD", "label": "Q3 2025", "series": "", "value": "11.0%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c10" ], "box": { "left": 0.3390198293384176, "top": 0.7526706631319436, "right": 0.3748756954413665, "bottom": 0.7669959022645724 } }, { "page": 5, "picture_ref": null, "chart_title": "HISTORICAL LEVERED YIELD", "label": "Q4 2025", "series": "", "value": "9.6%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c11" ], "box": { "left": 0.4177501551423102, "top": 0.7710650160841733, "right": 0.4465739031718605, "bottom": 0.785390255216802 } }, { "page": 5, "picture_ref": null, "chart_title": "QUARTERLY PORTFOLIO CREDIT MIGRATION", "label": "CURRENT", "series": "Q3'25 CV (%)", "value": "90.9%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c59", "p5.c60" ], "box": { "left": 0.7124999873737373, "top": 0.6177541134803922, "right": 0.7429261237373738, "bottom": 0.6300233574714406 } }, { "page": 5, "picture_ref": null, "chart_title": "QUARTERLY PORTFOLIO CREDIT MIGRATION", "label": "CURRENT", "series": "Q4'25 CV (%)", "value": "85.2%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c59", "p5.c61" ], "box": { "left": 0.857386351010101, "top": 0.6177541134803922, "right": 0.8878124873737374, "bottom": 0.6300233574714406 } }, { "page": 5, "picture_ref": null, "chart_title": "QUARTERLY PORTFOLIO CREDIT MIGRATION", "label": "30-59", "series": "Q3'25 CV (%)", "value": "3.2%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c62", "p5.c63" ], "box": { "left": 0.7154797601010101, "top": 0.6581952899509804, "right": 0.7399387247474749, "bottom": 0.6704645339420288 } }, { "page": 5, "picture_ref": null, "chart_title": "QUARTERLY PORTFOLIO CREDIT MIGRATION", "label": "30-59", "series": "Q4'25 CV (%)", "value": "8.1%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c62", "p5.c64" ], "box": { "left": 0.8603661237373738, "top": 0.6581952899509804, "right": 0.8848250883838386, "bottom": 0.6704645339420288 } }, { "page": 5, "picture_ref": null, "chart_title": "QUARTERLY PORTFOLIO CREDIT MIGRATION", "label": "60+", "series": "Q3'25 CV (%)", "value": "5.9%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c65", "p5.c66" ], "box": { "left": 0.7154797601010101, "top": 0.6986364664215686, "right": 0.7399387247474749, "bottom": 0.7109057104126171 } }, { "page": 5, "picture_ref": null, "chart_title": "QUARTERLY PORTFOLIO CREDIT MIGRATION", "label": "60+", "series": "Q4'25 CV (%)", "value": "6.7%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c65", "p5.c67" ], "box": { "left": 0.8603661237373738, "top": 0.6986364664215686, "right": 0.8848250883838386, "bottom": 0.7109057104126171 } }, { "page": 5, "picture_ref": null, "chart_title": "QUARTERLY PORTFOLIO CREDIT MIGRATION", "label": "TOTAL", "series": "Q3'25 CV (%)", "value": "100.0%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c68", "p5.c69" ], "box": { "left": 0.7062878787878788, "top": 0.7379441127450981, "right": 0.7490909090909088, "bottom": 0.752378517440449 } }, { "page": 5, "picture_ref": null, "chart_title": "QUARTERLY PORTFOLIO CREDIT MIGRATION", "label": "TOTAL", "series": "Q4'25 CV (%)", "value": "100.0%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c68", "p5.c70" ], "box": { "left": 0.8511742424242424, "top": 0.7379441127450981, "right": 0.8939772727272725, "bottom": 0.752378517440449 } }, { "page": 5, "picture_ref": null, "chart_title": "QUARTERLY PORTFOLIO CREDIT MIGRATION", "label": "ACCRUAL", "series": "Q3'25 CV (%)", "value": "95.6%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c71", "p5.c72" ], "box": { "left": 0.7124999873737373, "top": 0.8199599958333333, "right": 0.7429261237373738, "bottom": 0.8322292398243818 } }, { "page": 5, "picture_ref": null, "chart_title": "QUARTERLY PORTFOLIO CREDIT MIGRATION", "label": "ACCRUAL", "series": "Q4'25 CV (%)", "value": "76.6%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c71", "p5.c73" ], "box": { "left": 0.857386351010101, "top": 0.8199599958333333, "right": 0.8878124873737374, "bottom": 0.8322292398243818 } }, { "page": 5, "picture_ref": null, "chart_title": "QUARTERLY PORTFOLIO CREDIT MIGRATION", "label": "NON-ACCRUAL", "series": "Q3'25 CV (%)", "value": "4.4%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c74", "p5.c75" ], "box": { "left": 0.7154797601010101, "top": 0.8597803062908498, "right": 0.7399387247474749, "bottom": 0.8720495502818981 } }, { "page": 5, "picture_ref": null, "chart_title": "QUARTERLY PORTFOLIO CREDIT MIGRATION", "label": "NON-ACCRUAL", "series": "Q4'25 CV (%)", "value": "23.4%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c74", "p5.c76" ], "box": { "left": 0.857386351010101, "top": 0.8597803062908498, "right": 0.8878124873737374, "bottom": 0.8720495502818981 } }, { "page": 5, "picture_ref": null, "chart_title": "QUARTERLY PORTFOLIO CREDIT MIGRATION", "label": "TOTAL", "series": "Q3'25 CV (%)", "value": "100.0%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c77", "p5.c78" ], "box": { "left": 0.7062878787878788, "top": 0.8984833774509803, "right": 0.7490909090909088, "bottom": 0.9129177821463315 } }, { "page": 5, "picture_ref": null, "chart_title": "QUARTERLY PORTFOLIO CREDIT MIGRATION", "label": "TOTAL", "series": "Q4'25 CV (%)", "value": "100.0%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p5.c77", "p5.c79" ], "box": { "left": 0.8511742424242424, "top": 0.8984833774509803, "right": 0.8939772727272725, "bottom": 0.9129177821463315 } }, { "page": 6, "picture_ref": "#/pictures/11", "chart_title": "LOAN PRODUCT", "label": "Bridge", "series": "", "value": "75%", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c5", "p6.c6" ], "box": { "left": 0.19360381727768491, "top": 0.3994120552079606, "right": 0.21638144551244923, "bottom": 0.4122966819499845 } }, { "page": 6, "picture_ref": "#/pictures/11", "chart_title": "LOAN PRODUCT", "label": "Construction", "series": "", "value": "19%", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c7", "p6.c8" ], "box": { "left": 0.07704630260281004, "top": 0.2844850552873723, "right": 0.09982393083757435, "bottom": 0.29736968202939623 } }, { "page": 6, "picture_ref": "#/pictures/11", "chart_title": "LOAN PRODUCT", "label": "Fixed", "series": "", "value": "6%", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c9", "p6.c10" ], "box": { "left": 0.1387828993024191, "top": 0.2345822422344311, "right": 0.15523376035137293, "bottom": 0.24746686897645503 } }, { "page": 6, "picture_ref": "#/pictures/13", "chart_title": "COLLATERAL", "label": "Multi-family", "series": "", "value": "60%", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c14", "p6.c15" ], "box": { "left": 0.5269931131260266, "top": 0.3650475317697252, "right": 0.5497707413607908, "bottom": 0.3779321585117491 } }, { "page": 6, "picture_ref": "#/pictures/13", "chart_title": "COLLATERAL", "label": "Hotel", "series": "", "value": "16%", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c16", "p6.c17" ], "box": { "left": 0.4264181182661729, "top": 0.37643919978148993, "right": 0.4491957465009372, "bottom": 0.3893238265235139 } }, { "page": 6, "picture_ref": "#/pictures/13", "chart_title": "COLLATERAL", "label": "Office", "series": "", "value": "9%", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c18", "p6.c19" ], "box": { "left": 0.4167363997414627, "top": 0.30401215911090174, "right": 0.43318726079041653, "bottom": 0.31689678585292563 } }, { "page": 6, "picture_ref": "#/pictures/13", "chart_title": "COLLATERAL", "label": "Mixed Use", "series": "", "value": "7%", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c20", "p6.c21" ], "box": { "left": 0.4336777672079993, "top": 0.2625917779109017, "right": 0.45012862825695316, "bottom": 0.2754764046529256 } }, { "page": 6, "picture_ref": "#/pictures/13", "chart_title": "COLLATERAL", "label": "Other", "series": "", "value": "8%", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c22", "p6.c23" ], "box": { "left": 0.469706849629687, "top": 0.2312875439961958, "right": 0.4861577106786409, "bottom": 0.24417217073821973 } }, { "page": 6, "picture_ref": "#/pictures/15", "chart_title": "RISK RATING", "label": "2&3", "series": "", "value": "17%", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c24", "p6.c25" ], "box": { "left": 0.8496505868689032, "top": 0.2583248379020782, "right": 0.8724282151036675, "bottom": 0.2712094646441021 } }, { "page": 6, "picture_ref": "#/pictures/15", "chart_title": "RISK RATING", "label": "4", "series": "", "value": "25%", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c26", "p6.c27" ], "box": { "left": 0.8665136492883634, "top": 0.3512825049197253, "right": 0.8892912775231278, "bottom": 0.3641671316617492 } }, { "page": 6, "picture_ref": "#/pictures/15", "chart_title": "RISK RATING", "label": "5", "series": "", "value": "58%", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c28", "p6.c29" ], "box": { "left": 0.7685801084718378, "top": 0.34929584232854877, "right": 0.7913577367066021, "bottom": 0.36218046907057266 } }, { "page": 6, "picture_ref": "#/pictures/12", "chart_title": "QTD ROLL", "label": "Beginning CV", "series": "", "value": "$301", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c32" ], "box": { "left": 0.09194444569368687, "top": 0.6287102426033545, "right": 0.11437927827501498, "bottom": 0.6401625283392234 } }, { "page": 6, "picture_ref": "#/pictures/12", "chart_title": "QTD ROLL", "label": "Beginning CV loans", "series": "", "value": "32 loans", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c49", "p6.c50" ], "box": { "left": 0.09920454545454545, "top": 0.7402945644117647, "right": 0.11148989898989897, "bottom": 0.7503159405421933 } }, { "page": 6, "picture_ref": "#/pictures/12", "chart_title": "QTD ROLL", "label": "Exits", "series": "", "value": "$(57)", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c33" ], "box": { "left": 0.15065656821868686, "top": 0.7341024018210015, "right": 0.17419833971761342, "bottom": 0.7455546875568705 } }, { "page": 6, "picture_ref": "#/pictures/12", "chart_title": "QTD ROLL", "label": "Exits loans", "series": "", "value": "3 loans", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c97", "p6.c98" ], "box": { "left": 0.16123737373737373, "top": 0.6712095970915032, "right": 0.16615151515151516, "bottom": 0.6812309732219319 } }, { "page": 6, "picture_ref": "#/pictures/12", "chart_title": "QTD ROLL", "label": "REO/Write-downs", "series": "", "value": "$(22)", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c34" ], "box": { "left": 0.20842172102323228, "top": 0.7647396574092368, "right": 0.23196349252215887, "bottom": 0.7761919431451058 } }, { "page": 6, "picture_ref": "#/pictures/12", "chart_title": "QTD ROLL", "label": "REO/Write-downs loans", "series": "", "value": "2 loans", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c99", "p6.c100" ], "box": { "left": 0.21726011363636363, "top": 0.7302292049346405, "right": 0.22463132575757574, "bottom": 0.7402505810650691 } }, { "page": 6, "picture_ref": "#/pictures/12", "chart_title": "QTD ROLL", "label": "Ending CV", "series": "", "value": "$222", "status": "reconciled", "note": null, "fragment_ids": [ "p6.c35" ], "box": { "left": 0.26808081326641414, "top": 0.7377788724915897, "right": 0.29051564584774225, "bottom": 0.7492311582274587 } }, { "page": 6, "picture_ref": "#/pictures/12", "chart_title": "QTD ROLL", "label": "Ending CV loans", "series": "", "value": "27 loans", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c47", "p6.c48" ], "box": { "left": 0.2749494823232323, "top": 0.7841997768300653, "right": 0.28477776515151515, "bottom": 0.794221152960494 } }, { "page": 6, "picture_ref": null, "chart_title": "ASSET MANAGEMENT STRATEGY", "label": "Liquidation pending commencement of marketing - Loan Count", "series": "Loan Count", "value": "9", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c78" ], "box": { "left": 0.526439393939394, "top": 0.6380189825163399, "right": 0.5327575757575758, "bottom": 0.6510099467421557 } }, { "page": 6, "picture_ref": null, "chart_title": "ASSET MANAGEMENT STRATEGY", "label": "Liquidation pending commencement of marketing - Carry Value (%)", "series": "Carry Value (%)", "value": "22%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c79" ], "box": { "left": 0.5868813131313131, "top": 0.6380189825163399, "right": 0.6096199494949495, "bottom": 0.6510099467421557 } }, { "page": 6, "picture_ref": null, "chart_title": "ASSET MANAGEMENT STRATEGY", "label": "Under contract - Loan Count", "series": "Loan Count", "value": "2", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c81" ], "box": { "left": 0.526439393939394, "top": 0.6907150609477125, "right": 0.5327575757575758, "bottom": 0.7037060251735283 } }, { "page": 6, "picture_ref": null, "chart_title": "ASSET MANAGEMENT STRATEGY", "label": "Under contract - Carry Value (%)", "series": "Carry Value (%)", "value": "14%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c82" ], "box": { "left": 0.5868813131313131, "top": 0.6907150609477125, "right": 0.6096199494949495, "bottom": 0.7037060251735283 } }, { "page": 6, "picture_ref": null, "chart_title": "ASSET MANAGEMENT STRATEGY", "label": "Operate/develop to facilitate sale - Loan Count", "series": "Loan Count", "value": "1", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c85" ], "box": { "left": 0.526439393939394, "top": 0.7354536393790849, "right": 0.5327575757575758, "bottom": 0.7484446036049008 } }, { "page": 6, "picture_ref": null, "chart_title": "ASSET MANAGEMENT STRATEGY", "label": "Operate/develop to facilitate sale - Carry Value (%)", "series": "Carry Value (%)", "value": "7%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c86" ], "box": { "left": 0.5900378787878788, "top": 0.7354536393790849, "right": 0.6064583333333333, "bottom": 0.7484446036049008 } }, { "page": 6, "picture_ref": null, "chart_title": "ASSET MANAGEMENT STRATEGY", "label": "Actively marketed for sale - Loan Count", "series": "Loan Count", "value": "13", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c89" ], "box": { "left": 0.5232828282828282, "top": 0.7844732472222222, "right": 0.535919191919192, "bottom": 0.7974642114480381 } }, { "page": 6, "picture_ref": null, "chart_title": "ASSET MANAGEMENT STRATEGY", "label": "Actively marketed for sale - Carry Value (%)", "series": "Carry Value (%)", "value": "57%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c90" ], "box": { "left": 0.5868813131313131, "top": 0.7844732472222222, "right": 0.6096199494949495, "bottom": 0.7974642114480381 } }, { "page": 6, "picture_ref": null, "chart_title": "ASSET MANAGEMENT STRATEGY", "label": "Modified/performing - Loan Count", "series": "Loan Count", "value": "2", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c92" ], "box": { "left": 0.526439393939394, "top": 0.8291954040849673, "right": 0.5327575757575758, "bottom": 0.8421863683107832 } }, { "page": 6, "picture_ref": null, "chart_title": "ASSET MANAGEMENT STRATEGY", "label": "Modified/performing - Carry Value (%)", "series": "Carry Value (%)", "value": "-%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c93" ], "box": { "left": 0.5875126262626262, "top": 0.8291954040849673, "right": 0.6092171717171717, "bottom": 0.8421863683107832 } }, { "page": 6, "picture_ref": null, "chart_title": "ASSET MANAGEMENT STRATEGY", "label": "Total - Loan Count", "series": "Loan Count", "value": "27", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c95" ], "box": { "left": 0.5232828282828282, "top": 0.8684110903594771, "right": 0.535919191919192, "bottom": 0.881402054585293 } }, { "page": 6, "picture_ref": null, "chart_title": "ASSET MANAGEMENT STRATEGY", "label": "Total - Carry Value (%)", "series": "Carry Value (%)", "value": "100%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c96" ], "box": { "left": 0.5837247474747475, "top": 0.8684110903594771, "right": 0.6127815656565657, "bottom": 0.881402054585293 } }, { "page": 6, "picture_ref": "#/pictures/16", "chart_title": "NON-CORE EXIT TIMELINE", "label": "Q1'26", "series": "", "value": "$54", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c53" ], "box": { "left": 0.7308755757046882, "top": 0.6826318124357075, "right": 0.7477447926200801, "bottom": 0.6940840981715763 } }, { "page": 6, "picture_ref": "#/pictures/16", "chart_title": "NON-CORE EXIT TIMELINE", "label": "Q2'26", "series": "", "value": "$88", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c54" ], "box": { "left": 0.7783386449474009, "top": 0.5943965163474721, "right": 0.7952078618627928, "bottom": 0.6058488020833411 } }, { "page": 6, "picture_ref": "#/pictures/16", "chart_title": "NON-CORE EXIT TIMELINE", "label": "Q3'26", "series": "", "value": "$38", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c55" ], "box": { "left": 0.8258017141901136, "top": 0.7255239702562958, "right": 0.8426709311055055, "bottom": 0.7369762559921647 } }, { "page": 6, "picture_ref": "#/pictures/16", "chart_title": "NON-CORE EXIT TIMELINE", "label": "Q4'26", "series": "", "value": "$10", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c56" ], "box": { "left": 0.8732647834328263, "top": 0.7990533836651192, "right": 0.8901340003482182, "bottom": 0.8105056694009881 } }, { "page": 6, "picture_ref": "#/pictures/16", "chart_title": "NON-CORE EXIT TIMELINE", "label": "Q1'27 and beyond", "series": "", "value": "$32", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p6.c57" ], "box": { "left": 0.9216771140604387, "top": 0.741455343162178, "right": 0.9385463309758306, "bottom": 0.752907628898047 } }, { "page": 6, "picture_ref": "#/pictures/16", "chart_title": "", "label": "Q1'26", "series": "NON-CORE EXIT TIMELINE ($ in millions)", "value": "$54 million", "status": "value_unreconciled", "note": "one measurement, from the figure description; uncontradicted, not corroborated on the printed page", "fragment_ids": [], "box": null }, { "page": 6, "picture_ref": "#/pictures/16", "chart_title": "", "label": "Q2'26", "series": "NON-CORE EXIT TIMELINE ($ in millions)", "value": "$88 million", "status": "value_unreconciled", "note": "one measurement, from the figure description; uncontradicted, not corroborated on the printed page", "fragment_ids": [], "box": null }, { "page": 6, "picture_ref": "#/pictures/16", "chart_title": "", "label": "Q3'26", "series": "NON-CORE EXIT TIMELINE ($ in millions)", "value": "$38 million", "status": "value_unreconciled", "note": "one measurement, from the figure description; uncontradicted, not corroborated on the printed page", "fragment_ids": [], "box": null }, { "page": 6, "picture_ref": "#/pictures/16", "chart_title": "", "label": "Q4'26", "series": "NON-CORE EXIT TIMELINE ($ in millions)", "value": "$10 million", "status": "value_unreconciled", "note": "one measurement, from the figure description; uncontradicted, not corroborated on the printed page", "fragment_ids": [], "box": null }, { "page": 6, "picture_ref": "#/pictures/16", "chart_title": "", "label": "Q1'27 and beyond", "series": "NON-CORE EXIT TIMELINE ($ in millions)", "value": "$32 million", "status": "value_unreconciled", "note": "one measurement, from the figure description; uncontradicted, not corroborated on the printed page", "fragment_ids": [], "box": null }, { "page": 7, "picture_ref": "#/pictures/17", "chart_title": "Collateral", "label": "Mixed use", "series": "", "value": "73%", "status": "reconciled", "note": null, "fragment_ids": [ "p7.c23", "p7.c24" ], "box": { "left": 0.1701647463348268, "top": 0.4753286802749655, "right": 0.19289830241364414, "bottom": 0.48823108780189345 } }, { "page": 7, "picture_ref": "#/pictures/17", "chart_title": "Collateral", "label": "Multi-family", "series": "", "value": "12%", "status": "reconciled", "note": null, "fragment_ids": [ "p7.c21", "p7.c22" ], "box": { "left": 0.2967839951759219, "top": 0.31242081756214135, "right": 0.31951755125473924, "bottom": 0.3253232250890693 } }, { "page": 7, "picture_ref": "#/pictures/17", "chart_title": "Collateral", "label": "Land", "series": "", "value": "11%", "status": "reconciled", "note": null, "fragment_ids": [ "p7.c19", "p7.c20" ], "box": { "left": 0.26471465488086776, "top": 0.24906956266908012, "right": 0.2874482109596851, "bottom": 0.2619719701960081 } }, { "page": 7, "picture_ref": "#/pictures/17", "chart_title": "Collateral", "label": "Other", "series": "", "value": "4%", "status": "reconciled", "note": null, "fragment_ids": [ "p7.c25", "p7.c26" ], "box": { "left": 0.21277411159593185, "top": 0.2406496041745229, "right": 0.2291931420738473, "bottom": 0.25355201170145086 } }, { "page": 7, "picture_ref": "#/pictures/19", "chart_title": "Geography", "label": "Oregon", "series": "", "value": "71%", "status": "reconciled", "note": null, "fragment_ids": [ "p7.c34", "p7.c35" ], "box": { "left": 0.6749922726573822, "top": 0.47224336497844804, "right": 0.6977633096171125, "bottom": 0.485145772505376 } }, { "page": 7, "picture_ref": "#/pictures/19", "chart_title": "Geography", "label": "Texas", "series": "", "value": "12%", "status": "reconciled", "note": null, "fragment_ids": [ "p7.c28", "p7.c29" ], "box": { "left": 0.7582228885441048, "top": 0.2352868123033464, "right": 0.7809939255038352, "bottom": 0.24818921983027434 } }, { "page": 7, "picture_ref": "#/pictures/19", "chart_title": "Geography", "label": "California", "series": "", "value": "7%", "status": "reconciled", "note": null, "fragment_ids": [ "p7.c30", "p7.c31" ], "box": { "left": 0.7881628796780612, "top": 0.2872003788001017, "right": 0.8046089802599199, "bottom": 0.30010278632702964 } }, { "page": 7, "picture_ref": "#/pictures/19", "chart_title": "Geography", "label": "Other", "series": "", "value": "7%", "status": "reconciled", "note": null, "fragment_ids": [ "p7.c36", "p7.c37" ], "box": { "left": 0.6963625536903891, "top": 0.22877239672527547, "right": 0.7128086542722478, "bottom": 0.24167480425220342 } }, { "page": 7, "picture_ref": "#/pictures/19", "chart_title": "Geography", "label": "Colorado", "series": "", "value": "3%", "status": "reconciled", "note": null, "fragment_ids": [ "p7.c32", "p7.c33" ], "box": { "left": 0.8037869584305566, "top": 0.32716939574314857, "right": 0.8202330590124152, "bottom": 0.3400718032700765 } }, { "page": 7, "picture_ref": "#/pictures/20", "chart_title": "QUARTERLY REO MIGRATION", "label": "Beginning Balance", "series": "", "value": "648,273", "status": "reconciled", "note": null, "fragment_ids": [ "p7.c39" ], "box": { "left": 0.5985815826290928, "top": 0.7437091447262251, "right": 0.6350690335053588, "bottom": 0.755197848730734 } }, { "page": 7, "picture_ref": "#/pictures/20", "chart_title": "QUARTERLY REO MIGRATION", "label": "REO acquired via foreclosure", "series": "", "value": "22,114", "status": "reconciled", "note": null, "fragment_ids": [ "p7.c40" ], "box": { "left": 0.6734462534957062, "top": 0.6933042661491259, "right": 0.7043233112292278, "bottom": 0.7047929701536348 } }, { "page": 7, "picture_ref": "#/pictures/20", "chart_title": "QUARTERLY REO MIGRATION", "label": "Liquidations", "series": "", "value": "(18,135)", "status": "reconciled", "note": null, "fragment_ids": [ "p7.c41" ], "box": { "left": 0.7416773459286248, "top": 0.7609205666803882, "right": 0.7792725336488114, "bottom": 0.7724092706848972 } }, { "page": 7, "picture_ref": "#/pictures/20", "chart_title": "QUARTERLY REO MIGRATION", "label": "Depreciation/Impairment", "series": "", "value": "(16,739)", "status": "reconciled", "note": null, "fragment_ids": [ "p7.c42" ], "box": { "left": 0.8127514005487122, "top": 0.8002609597155252, "right": 0.8503465882688989, "bottom": 0.8117496637200342 } }, { "page": 7, "picture_ref": "#/pictures/20", "chart_title": "QUARTERLY REO MIGRATION", "label": "Ending Balance", "series": "", "value": "635,513", "status": "reconciled", "note": null, "fragment_ids": [ "p7.c43" ], "box": { "left": 0.8857207632897883, "top": 0.7732144395047906, "right": 0.9222082141660543, "bottom": 0.7847031435092996 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (12/31/2025 TTM)", "label": "Occupancy", "series": "", "value": "42.6%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c80" ], "box": { "left": 0.29731060606060605, "top": 0.8016696029411765, "right": 0.45366161616161516, "bottom": 0.8161040076365275 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (12/31/2025 TTM)", "label": "ADR", "series": "", "value": "$492", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c82" ], "box": { "left": 0.29731060606060605, "top": 0.826179455882353, "right": 0.4445833333333316, "bottom": 0.840613860577704 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (12/31/2025 TTM)", "label": "Room RevPAR", "series": "", "value": "$210", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c84" ], "box": { "left": 0.29731060606060605, "top": 0.8506892598039215, "right": 0.4461994949494945, "bottom": 0.8651236644992727 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (12/31/2025 TTM)", "label": "Total RevPAR", "series": "", "value": "$360", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c86" ], "box": { "left": 0.29731060606060605, "top": 0.8751990637254901, "right": 0.446325757575757, "bottom": 0.8896334684208412 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (12/31/2025 Rent Roll)", "label": "Total Occupancy", "series": "", "value": "28%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c89" ], "box": { "left": 0.5240277777777778, "top": 0.8016696029411765, "right": 0.6931186868686858, "bottom": 0.8161040076365275 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (12/31/2025 Rent Roll)", "label": "Office Occupancy", "series": "", "value": "23%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c91" ], "box": { "left": 0.5240277777777778, "top": 0.8212774460784315, "right": 0.6921338383838374, "bottom": 0.8357118507737824 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (12/31/2025 Rent Roll)", "label": "WA Office Rent/SF", "series": "", "value": "$38 NNN", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c93" ], "box": { "left": 0.5240277777777778, "top": 0.840885338235294, "right": 0.7141540404040393, "bottom": 0.8553197429306452 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (12/31/2025 Rent Roll)", "label": "Office WAULT", "series": "", "value": "9.7 yrs.", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c95" ], "box": { "left": 0.5240277777777778, "top": 0.8604931813725489, "right": 0.7042550505050489, "bottom": 0.8749275860679001 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (12/31/2025 Rent Roll)", "label": "Retail Occupancy", "series": "", "value": "100%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c97" ], "box": { "left": 0.5240277777777778, "top": 0.8801010245098039, "right": 0.6952020202020194, "bottom": 0.894535429205155 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (12/31/2025 Rent Roll)", "label": "WA Retail Rent/SF", "series": "", "value": "$46 NNN", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c99" ], "box": { "left": 0.5240277777777778, "top": 0.8997088676470587, "right": 0.7136994949494939, "bottom": 0.9141432723424099 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (12/31/2025 Rent Roll)", "label": "Retail WAULT", "series": "", "value": "11 yrs.", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c101" ], "box": { "left": 0.5240277777777778, "top": 0.9193167107843137, "right": 0.7028661616161601, "bottom": 0.9337511154796648 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (Sales to Date)", "label": "# of units sold", "series": "", "value": "11", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c104" ], "box": { "left": 0.7581060353535354, "top": 0.8016696029411765, "right": 0.9066287626262602, "bottom": 0.8161040076365275 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (Sales to Date)", "label": "% of units sold", "series": "", "value": "8.3%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c106" ], "box": { "left": 0.7581060353535354, "top": 0.826179455882353, "right": 0.9230429040404016, "bottom": 0.840613860577704 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (Sales to Date)", "label": "Avg SF/unit sold", "series": "", "value": "1,464", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c108" ], "box": { "left": 0.7581060353535354, "top": 0.8506892598039215, "right": 0.924886338383836, "bottom": 0.8651236644992727 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (Sales to Date)", "label": "Avg Sale Price", "series": "", "value": "$1.491M", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c110" ], "box": { "left": 0.7581060353535354, "top": 0.8751990637254901, "right": 0.9439646212121187, "bottom": 0.8896334684208412 } }, { "page": 8, "picture_ref": null, "chart_title": "Key Metrics (Sales to Date)", "label": "Avg Sale Price/SF", "series": "", "value": "$1,019", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p8.c112" ], "box": { "left": 0.7581060353535354, "top": 0.8997088676470587, "right": 0.9318686616161593, "bottom": 0.9141432723424099 } }, { "page": 9, "picture_ref": "#/pictures/26", "chart_title": "COLLATERAL", "label": "Hotel", "series": "", "value": "17%", "status": "reconciled", "note": null, "fragment_ids": [ "p9.c63", "p9.c64" ], "box": { "left": 0.29776987553953593, "top": 0.6092455827066707, "right": 0.32053576065687583, "bottom": 0.6221386202519752 } }, { "page": 9, "picture_ref": "#/pictures/26", "chart_title": "COLLATERAL", "label": "Eating Place", "series": "", "value": "17%", "status": "reconciled", "note": null, "fragment_ids": [ "p9.c65", "p9.c66" ], "box": { "left": 0.30314840645691504, "top": 0.717185243897798, "right": 0.32591429157425494, "bottom": 0.7300782814431025 } }, { "page": 9, "picture_ref": "#/pictures/26", "chart_title": "COLLATERAL", "label": "Retail", "series": "", "value": "15%", "status": "reconciled", "note": null, "fragment_ids": [ "p9.c67", "p9.c68" ], "box": { "left": 0.30366384610773167, "top": 0.7985566041160638, "right": 0.3264297312250715, "bottom": 0.8114496416613682 } }, { "page": 9, "picture_ref": "#/pictures/26", "chart_title": "COLLATERAL", "label": "Doctors", "series": "", "value": "6%", "status": "reconciled", "note": null, "fragment_ids": [ "p9.c69", "p9.c70" ], "box": { "left": 0.24276069934389632, "top": 0.8294760661349209, "right": 0.2592030790711322, "bottom": 0.8423691036802253 } }, { "page": 9, "picture_ref": "#/pictures/26", "chart_title": "COLLATERAL", "label": "Other", "series": "", "value": "45%", "status": "reconciled", "note": null, "fragment_ids": [ "p9.c71", "p9.c72" ], "box": { "left": 0.1667347040173587, "top": 0.6968422073702091, "right": 0.18950058913469858, "bottom": 0.7097352449155135 } }, { "page": 9, "picture_ref": null, "chart_title": "QTD SALES BY PROGRAM", "label": "LARGE", "series": "Sales", "value": "$79M", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p9.c77", "p9.c78" ], "box": { "left": 0.6932575757575757, "top": 0.625754570261438, "right": 0.7248358585858584, "bottom": 0.640188974956789 } }, { "page": 9, "picture_ref": null, "chart_title": "QTD SALES BY PROGRAM", "label": "LARGE", "series": "Proceeds", "value": "$86M", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p9.c77", "p9.c79" ], "box": { "left": 0.7926893939393939, "top": 0.625754570261438, "right": 0.8242676767676765, "bottom": 0.640188974956789 } }, { "page": 9, "picture_ref": null, "chart_title": "QTD SALES BY PROGRAM", "label": "LARGE", "series": "% Premium", "value": "9.3%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p9.c77", "p9.c80" ], "box": { "left": 0.893522702020202, "top": 0.625754570261438, "right": 0.9222853282828282, "bottom": 0.640188974956789 } }, { "page": 9, "picture_ref": null, "chart_title": "QTD SALES BY PROGRAM", "label": "SMALL/MICRO", "series": "Sales", "value": "$43M", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p9.c81", "p9.c82" ], "box": { "left": 0.6932575757575757, "top": 0.7041859428104575, "right": 0.7248358585858584, "bottom": 0.7186203475058086 } }, { "page": 9, "picture_ref": null, "chart_title": "QTD SALES BY PROGRAM", "label": "SMALL/MICRO", "series": "Proceeds", "value": "$47M", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p9.c81", "p9.c83" ], "box": { "left": 0.7926893939393939, "top": 0.7041859428104575, "right": 0.8242676767676765, "bottom": 0.7186203475058086 } }, { "page": 9, "picture_ref": null, "chart_title": "QTD SALES BY PROGRAM", "label": "SMALL/MICRO", "series": "% Premium", "value": "10.7%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p9.c81", "p9.c84" ], "box": { "left": 0.8900126388888888, "top": 0.7041859428104575, "right": 0.9257954671717169, "bottom": 0.7186203475058086 } }, { "page": 9, "picture_ref": null, "chart_title": "QTD SALES BY PROGRAM", "label": "USDA", "series": "Sales", "value": "$20M", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p9.c85", "p9.c86" ], "box": { "left": 0.6932575757575757, "top": 0.7826173153594772, "right": 0.7248358585858584, "bottom": 0.7970517200548282 } }, { "page": 9, "picture_ref": null, "chart_title": "QTD SALES BY PROGRAM", "label": "USDA", "series": "Proceeds", "value": "$22M", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p9.c85", "p9.c87" ], "box": { "left": 0.7926893939393939, "top": 0.7826173153594772, "right": 0.8242676767676765, "bottom": 0.7970517200548282 } }, { "page": 9, "picture_ref": null, "chart_title": "QTD SALES BY PROGRAM", "label": "USDA", "series": "% Premium", "value": "12.4%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p9.c85", "p9.c88" ], "box": { "left": 0.8900126388888888, "top": 0.7826173153594772, "right": 0.9257954671717169, "bottom": 0.7970517200548282 } }, { "page": 9, "picture_ref": null, "chart_title": "QTD SALES BY PROGRAM", "label": "WORKING CAPITAL", "series": "Sales", "value": "$37M", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p9.c89", "p9.c90" ], "box": { "left": 0.6932575757575757, "top": 0.8610486879084968, "right": 0.7248358585858584, "bottom": 0.8754830926038478 } }, { "page": 9, "picture_ref": null, "chart_title": "QTD SALES BY PROGRAM", "label": "WORKING CAPITAL", "series": "Proceeds", "value": "$37M", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p9.c89", "p9.c91" ], "box": { "left": 0.7926893939393939, "top": 0.8610486879084968, "right": 0.8242676767676765, "bottom": 0.8754830926038478 } }, { "page": 9, "picture_ref": null, "chart_title": "QTD SALES BY PROGRAM", "label": "WORKING CAPITAL", "series": "% Premium", "value": "1.1%", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p9.c89", "p9.c92" ], "box": { "left": 0.893522702020202, "top": 0.8610486879084968, "right": 0.9222853282828282, "bottom": 0.8754830926038478 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q4'24", "series": "Bridge", "value": "$23.5", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c0" ], "box": { "left": 0.17916886024430015, "top": 0.8257011826327195, "right": 0.20760033478257425, "bottom": 0.8385882574538246 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q4'24", "series": "Construction", "value": "$211.9", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c3" ], "box": { "left": 0.17632735449883224, "top": 0.7546092447686922, "right": 0.21107328561781155, "bottom": 0.767496319589797 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q4'24", "series": "Freddie Mac", "value": "$200.4", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c6" ], "box": { "left": 0.17632735449883224, "top": 0.6161025382435947, "right": 0.21107328561781155, "bottom": 0.6289896130646996 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q4'24", "series": "SBA", "value": "$314.5", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c11" ], "box": { "left": 0.17632735449883224, "top": 0.44450130891835643, "right": 0.21107328561781155, "bottom": 0.45738838373946133 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q4'24", "series": "USDA", "value": "$2.8", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c16" ], "box": { "left": 0.18295753457159072, "top": 0.35257207892090703, "right": 0.20507455139255734, "bottom": 0.36545915374201193 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q4'24", "series": "Working Capital", "value": "$31.2", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c21" ], "box": { "left": 0.17916886024430015, "top": 0.3280576175874693, "right": 0.20760033478257425, "bottom": 0.3409446924085742 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q4'24", "series": "Total", "value": "$784.3M", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c48" ], "box": { "left": 0.1720959595959596, "top": 0.29148750251633987, "right": 0.21631186868686864, "bottom": 0.3043721289697481 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q1'25", "series": "Bridge", "value": "$28.9", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c1" ], "box": { "left": 0.34587053063826456, "top": 0.8306040748994071, "right": 0.3743020051765387, "bottom": 0.843491149720512 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q1'25", "series": "Construction", "value": "$39.1", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c4" ], "box": { "left": 0.34587053063826456, "top": 0.808541059702255, "right": 0.3743020051765387, "bottom": 0.8214281345233598 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q1'25", "series": "Freddie Mac", "value": "$10.7", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c7" ], "box": { "left": 0.34587053063826456, "top": 0.7913809367688486, "right": 0.3743020051765387, "bottom": 0.8042680115899534 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q1'25", "series": "SBA", "value": "$343.3", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c12" ], "box": { "left": 0.3430290248927967, "top": 0.6737115223742315, "right": 0.37777495601177596, "bottom": 0.6865985971953363 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q1'25", "series": "USDA", "value": "$2.7", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c17" ], "box": { "left": 0.34965920496555514, "top": 0.571976507843407, "right": 0.37177622178652175, "bottom": 0.5848635826645119 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q1'25", "series": "Working Capital", "value": "$41.4", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c22" ], "box": { "left": 0.34587053063826456, "top": 0.5437848773128954, "right": 0.3743020051765387, "bottom": 0.5566719521340003 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q1'25", "series": "Total", "value": "$466.1M", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c45" ], "box": { "left": 0.3385479797979798, "top": 0.5037587443464052, "right": 0.382763888888889, "bottom": 0.5166433707998135 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q2'25", "series": "Freddie Mac", "value": "$173.4", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c8" ], "box": { "left": 0.5097306952844878, "top": 0.7828008753021456, "right": 0.5444766264034671, "bottom": 0.7956879501232504 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q2'25", "series": "SBA", "value": "$216.1", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c13" ], "box": { "left": 0.5097306952844878, "top": 0.6528742302408094, "right": 0.5444766264034671, "bottom": 0.6657613050619143 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q2'25", "series": "USDA", "value": "$96.5", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c18" ], "box": { "left": 0.5125722010299557, "top": 0.5303019235795048, "right": 0.5410036755682298, "bottom": 0.5431889984006096 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q2'25", "series": "Working Capital", "value": "$46.1", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c23" ], "box": { "left": 0.5125722010299557, "top": 0.5008845699823212, "right": 0.5410036755682298, "bottom": 0.5137716448034261 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q2'25", "series": "Total", "value": "$532.2M", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c49" ], "box": { "left": 0.5052146464646464, "top": 0.45833392408496737, "right": 0.5494305555555558, "bottom": 0.47121855053837564 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q3'25", "series": "Construction", "value": "$58.0", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c5" ], "box": { "left": 0.6792738714239203, "top": 0.8207982903660321, "right": 0.7077053459621944, "bottom": 0.833685365187137 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q3'25", "series": "Freddie Mac", "value": "$81.2", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c9" ], "box": { "left": 0.6792738714239203, "top": 0.7742208138354423, "right": 0.7077053459621944, "bottom": 0.7871078886565472 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q3'25", "series": "SBA", "value": "$173.5", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c14" ], "box": { "left": 0.6764323656784522, "top": 0.689645922240966, "right": 0.7111782967974316, "bottom": 0.7025329970620708 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q3'25", "series": "USDA", "value": "$67.3", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c19" ], "box": { "left": 0.6792738714239203, "top": 0.6013938614435321, "right": 0.7077053459621944, "bottom": 0.6142809362646371 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q3'25", "series": "Working Capital", "value": "$41.9", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c24" ], "box": { "left": 0.6792738714239203, "top": 0.5732022309100788, "right": 0.7077053459621944, "bottom": 0.5860893057311838 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q3'25", "series": "Total", "value": "$421.9M", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c46" ], "box": { "left": 0.6712247348484849, "top": 0.5324842182026144, "right": 0.715440643939394, "bottom": 0.5453688446560226 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q4'25", "series": "Bridge", "value": "$89.4", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c2" ], "box": { "left": 0.8450283732337887, "top": 0.8109925058355989, "right": 0.8734598477720628, "bottom": 0.8238795806567037 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q4'25", "series": "Freddie Mac", "value": "$145.4", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c10" ], "box": { "left": 0.8421868674883207, "top": 0.73254622957154, "right": 0.8769327986073, "bottom": 0.745433304392645 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q4'25", "series": "SBA", "value": "$84.4", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c15" ], "box": { "left": 0.8450283732337887, "top": 0.6553256763741533, "right": 0.8734598477720628, "bottom": 0.6682127511952581 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q4'25", "series": "USDA", "value": "$18.4", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c20" ], "box": { "left": 0.8450283732337887, "top": 0.6210054305102822, "right": 0.8734598477720628, "bottom": 0.6338925053313872 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q4'25", "series": "Working Capital", "value": "$37.0", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c25" ], "box": { "left": 0.8450283732337887, "top": 0.602619584510204, "right": 0.8734598477720628, "bottom": 0.6155066593313089 } }, { "page": 10, "picture_ref": "#/pictures/28", "chart_title": "Quarterly Investment Activity", "label": "Q4'25", "series": "Total", "value": "$374.6M", "status": "reconciled", "note": null, "fragment_ids": [ "p10.c47" ], "box": { "left": 0.8375252651515152, "top": 0.5635953456535948, "right": 0.8817411742424243, "bottom": 0.5764799721070031 } }, { "page": 13, "picture_ref": "#/pictures/32", "chart_title": "Book Value per Share", "label": "Q3'25 GAAP BVPS", "series": "", "value": "$10.28", "status": "reconciled", "note": null, "fragment_ids": [ "p13.c2", "p13.c7" ], "box": { "left": 0.21464646725101008, "top": 0.2809323028202741, "right": 0.25325819345521194, "bottom": 0.29524819684955783 } }, { "page": 13, "picture_ref": "#/pictures/32", "chart_title": "Book Value per Share", "label": "Net Income (Loss)", "series": "", "value": "$(1.46)", "status": "reconciled", "note": null, "fragment_ids": [ "p13.c3", "p13.c8" ], "box": { "left": 0.35195707638055557, "top": 0.5860793684643917, "right": 0.39195860246598363, "bottom": 0.6003952624936754 } }, { "page": 13, "picture_ref": "#/pictures/32", "chart_title": "Book Value per Share", "label": "Dividends", "series": "", "value": "$(0.01)", "status": "reconciled", "note": null, "fragment_ids": [ "p13.c4", "p13.c9" ], "box": { "left": 0.4902146552282828, "top": 0.5885303489114504, "right": 0.5302161813137108, "bottom": 0.6028462429407342 } }, { "page": 13, "picture_ref": "#/pictures/32", "chart_title": "Book Value per Share", "label": "Share Repurchases", "series": "", "value": "$0.04", "status": "reconciled", "note": null, "fragment_ids": [ "p13.c5", "p13.c10" ], "box": { "left": 0.6332070826669192, "top": 0.5480891715379211, "right": 0.6647984652874449, "bottom": 0.5624050655672048 } }, { "page": 13, "picture_ref": "#/pictures/32", "chart_title": "Book Value per Share", "label": "Q4'25 GAAP BVPS", "series": "", "value": "$8.79", "status": "reconciled", "note": null, "fragment_ids": [ "p13.c6", "p13.c11" ], "box": { "left": 0.7714646615146464, "top": 0.5603440737732153, "right": 0.8030560441351722, "bottom": 0.5746599678024991 } }, { "page": 14, "picture_ref": "#/pictures/33", "chart_title": "Capitalization", "label": "PPPLF", "series": "Debt Balance", "value": "$9", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c5", "p14.c6" ], "box": { "left": 0.27631313131313134, "top": 0.222500669379085, "right": 0.29175757575757577, "bottom": 0.23824854615547286 } }, { "page": 14, "picture_ref": "#/pictures/33", "chart_title": "Capitalization", "label": "PPPLF", "series": "Leverage Ratio", "value": "0.0x", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c5", "p14.c7" ], "box": { "left": 0.41138890151515156, "top": 0.222500669379085, "right": 0.43841667929292927, "bottom": 0.23824854615547286 } }, { "page": 14, "picture_ref": "#/pictures/33", "chart_title": "Capitalization", "label": "Securitized Debt Obligations", "series": "Debt Balance", "value": "$1,175", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c8", "p14.c9", "p14.c10" ], "box": { "left": 0.26281564393939394, "top": 0.44553993408496734, "right": 0.30528786616161624, "bottom": 0.4612878108613552 } }, { "page": 14, "picture_ref": "#/pictures/33", "chart_title": "Capitalization", "label": "Securitized Debt Obligations", "series": "Leverage Ratio", "value": "0.8x", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c8", "p14.c9", "p14.c11" ], "box": { "left": 0.41138890151515156, "top": 0.44553993408496734, "right": 0.43841667929292927, "bottom": 0.4612878108613552 } }, { "page": 14, "picture_ref": "#/pictures/33", "chart_title": "Capitalization", "label": "Non-Recourse Secured Borrowings", "series": "Debt Balance", "value": "$1,707", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c12", "p14.c13", "p14.c14" ], "box": { "left": 0.26281564393939394, "top": 0.6992164046732026, "right": 0.30528786616161624, "bottom": 0.7149642814495905 } }, { "page": 14, "picture_ref": "#/pictures/33", "chart_title": "Capitalization", "label": "Non-Recourse Secured Borrowings", "series": "Leverage Ratio", "value": "1.1x", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c12", "p14.c13", "p14.c15" ], "box": { "left": 0.41138890151515156, "top": 0.6992164046732026, "right": 0.43841667929292927, "bottom": 0.7149642814495905 } }, { "page": 14, "picture_ref": "#/pictures/33", "chart_title": "Capitalization", "label": "Recourse Secured Borrowings", "series": "Debt Balance", "value": "$1,082", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c16", "p14.c17", "p14.c18" ], "box": { "left": 0.26281564393939394, "top": 0.7837752282026144, "right": 0.30528786616161624, "bottom": 0.7995231049790023 } }, { "page": 14, "picture_ref": "#/pictures/33", "chart_title": "Capitalization", "label": "Recourse Secured Borrowings", "series": "Leverage Ratio", "value": "0.7x", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c16", "p14.c17", "p14.c19" ], "box": { "left": 0.41138890151515156, "top": 0.7837752282026144, "right": 0.43841667929292927, "bottom": 0.7995231049790023 } }, { "page": 14, "picture_ref": "#/pictures/33", "chart_title": "Capitalization", "label": "Corporate Debt", "series": "Debt Balance", "value": "$1,375", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c20", "p14.c21" ], "box": { "left": 0.26281564393939394, "top": 0.8616019929084967, "right": 0.30528786616161624, "bottom": 0.8773498696848847 } }, { "page": 14, "picture_ref": "#/pictures/33", "chart_title": "Capitalization", "label": "Corporate Debt", "series": "Leverage Ratio", "value": "0.9x", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c20", "p14.c22" ], "box": { "left": 0.41138890151515156, "top": 0.8616019929084967, "right": 0.43841667929292927, "bottom": 0.8773498696848847 } }, { "page": 14, "picture_ref": "#/pictures/35", "chart_title": "Unencumbered Asset Pool", "label": "Unrestricted cash", "series": "", "value": "23%", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c24", "p14.c29" ], "box": { "left": 0.7714365057444444, "top": 0.24472643094900196, "right": 0.7992130215181535, "bottom": 0.26048387166895487 } }, { "page": 14, "picture_ref": "#/pictures/35", "chart_title": "Unencumbered Asset Pool", "label": "Loans", "series": "", "value": "26%", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c25", "p14.c30" ], "box": { "left": 0.7806433355989899, "top": 0.39242276657935227, "right": 0.808419851372699, "bottom": 0.4081802072993052 } }, { "page": 14, "picture_ref": "#/pictures/35", "chart_title": "Unencumbered Asset Pool", "label": "Servicing rights", "series": "", "value": "18%", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c26", "p14.c31" ], "box": { "left": 0.6854317408830808, "top": 0.41954468838453285, "right": 0.7132082566567899, "bottom": 0.4353021291044858 } }, { "page": 14, "picture_ref": "#/pictures/35", "chart_title": "Unencumbered Asset Pool", "label": "REO", "series": "", "value": "7%", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c27", "p14.c32" ], "box": { "left": 0.6483062320626263, "top": 0.35766555289713814, "right": 0.6683678205801877, "bottom": 0.373422993617091 } }, { "page": 14, "picture_ref": "#/pictures/35", "chart_title": "Unencumbered Asset Pool", "label": "Other Assets", "series": "", "value": "26%", "status": "reconciled", "note": null, "fragment_ids": [ "p14.c28", "p14.c33" ], "box": { "left": 0.6647062445330808, "top": 0.25303692061054067, "right": 0.6924827603067898, "bottom": 0.2687943613304936 } }, { "page": 14, "picture_ref": "#/pictures/35", "chart_title": "Unencumbered Asset Pool", "label": "Center Total", "series": "", "value": "$0.7B", "status": "value_unreconciled", "note": "one measurement, read from the page; uncontradicted, not independently corroborated", "fragment_ids": [ "p14.c57" ], "box": { "left": 0.7206692171717173, "top": 0.3099188750653595, "right": 0.7509873989898991, "bottom": 0.32280350151876774 } } ], "errors": [] }