Annual report pursuant to Section 13 and 15(d)

Variable Interest Entities (Tables)

v3.25.0.1
Variable Interest Entities (Tables)
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities
The following table presents a summary of the assets and liabilities of all consolidated trusts as reported on the consolidated balance sheets as of December 31, 2024 and December 31, 2023:
(in thousands) December 31,
2024
December 31,
2023
Note receivable (1)
$ —  $ 399,317 
Restricted cash 44,631  45,642 
Accrued interest receivable (1)
—  551 
Other assets 118,686  79,749 
Total Assets $ 163,317  $ 525,259 
Term notes payable $ —  $ 399,317 
Revolving credit facilities 90,300  34,300 
Accrued interest payable 560  816 
Other liabilities 44,071  45,377 
Total Liabilities $ 134,931  $ 479,810 
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(1)Receivables due from a wholly owned subsidiary of the Company to the trusts are eliminated in consolidation in accordance with U.S. GAAP.