Strong Second Quarter Results
Distributable earnings were reported at $0.31 per share, which was at the high end of the guidance range.
Successful Loan Originations
Two new first mortgage loans were originated totaling $46 million, reflecting a selective approach to lending.
Portfolio Performance
All loans in the portfolio remained current on debt service with a weighted average risk rating of 2.9.
Strong Pipeline
The company averaged over $1 billion in monthly loan registrations, indicating strong demand for flexible floating rate debt solutions.