$LFT
Lument Finance Trust, Inc.

2022 Q4 Form 10-Q Financial Statement

#000162828022028979 Filed on November 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $19.28M $14.75M
YoY Change 75.23% 55.72%
Cost Of Revenue $12.40M $9.265M
YoY Change 156.61% 95.55%
Gross Profit $6.888M $5.483M
YoY Change 11.57% 15.85%
Gross Profit Margin 35.72% 37.18%
Selling, General & Admin $2.474M $2.576M
YoY Change 7.56% 11.71%
% of Gross Profit 35.91% 46.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $4.931M $4.181M
YoY Change 104.93% 74.39%
Operating Profit $1.957M $1.303M
YoY Change -48.07% -44.23%
Interest Expense -$22.25K $37.31K
YoY Change -62.92% -162.18%
% of Operating Profit -1.14% 2.86%
Other Income/Expense, Net
YoY Change
Pretax Income $2.096M $1.402M
YoY Change -44.44% -41.14%
Income Tax $31.73K -$97.97K
% Of Pretax Income 1.51% -6.99%
Net Earnings $879.8K $1.500M
YoY Change -75.99% -36.82%
Net Earnings / Revenue 4.56% 10.17%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $0.02 $0.01
COMMON SHARES
Basic Shares Outstanding 52.23M shares 52.23M shares
Diluted Shares Outstanding 52.23M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.86M $48.49M
YoY Change 197.37% 9.99%
Cash & Equivalents $43.86M $48.49M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $49.66M $53.35M
YoY Change 20.74% -44.46%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.508M $28.22M
YoY Change -0.63% -80.94%
Total Long-Term Assets $1.078B $1.075B
YoY Change 7.0% 12.72%
TOTAL ASSETS
Total Short-Term Assets $49.66M $53.35M
Total Long-Term Assets $1.078B $1.075B
Total Assets $1.128B $1.129B
YoY Change 7.54% 7.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $584.0K $372.8K
YoY Change 295.12% -84.35%
Accrued Expenses $2.361M $1.662M
YoY Change 235.31% 156.09%
Deferred Revenue
YoY Change
Short-Term Debt $829.3M $828.7M
YoY Change 0.31% 0.31%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $838.0M $836.5M
YoY Change 0.64% 0.29%
LONG-TERM LIABILITIES
Long-Term Debt $46.97M $46.91M
YoY Change 0.27% 0.22%
Other Long-Term Liabilities $584.0K $372.8K
YoY Change 483.99% -84.47%
Total Long-Term Liabilities $46.97M $46.91M
YoY Change 0.27% 0.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $838.0M $836.5M
Total Long-Term Liabilities $46.97M $46.91M
Total Liabilities $885.0M $883.4M
YoY Change 0.62% 0.29%
SHAREHOLDERS EQUITY
Retained Earnings $31.25M $29.19M
YoY Change 46.12% 64.68%
Common Stock $522.3K $522.3K
YoY Change 109.37% 109.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $242.9M $245.2M
YoY Change
Total Liabilities & Shareholders Equity $1.128B $1.129B
YoY Change 7.54% 7.49%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $879.8K $1.500M
YoY Change -75.99% -36.82%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $4.552M $3.441M
YoY Change 136.88% -29.25%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$29.57M $28.87M
YoY Change -82.84% -117.94%
Cash From Investing Activities -$29.57M $28.87M
YoY Change -82.84% -117.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.323M -4.315M
YoY Change 25.18% -227.16%
NET CHANGE
Cash From Operating Activities 4.552M 3.441M
Cash From Investing Activities -29.57M 28.87M
Cash From Financing Activities -4.323M -4.315M
Net Change In Cash -29.34M 28.00M
YoY Change -83.12% -118.34%
FREE CASH FLOW
Cash From Operating Activities $4.552M $3.441M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001547546
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-35845
dei Entity Registrant Name
EntityRegistrantName
LUMENT FINANCE TRUST, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
45-4966519
dei Entity Address Address Line1
EntityAddressAddressLine1
230 Park Avenue
dei Entity Address Address Line2
EntityAddressAddressLine2
20th Floor
dei Entity Address City Or Town
EntityAddressCityOrTown
New York
dei Entity Address State Or Province
EntityAddressStateOrProvince
NY
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
10169
dei City Area Code
CityAreaCode
212
dei Local Phone Number
LocalPhoneNumber
317-5700
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
52231152 shares
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48485316 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14749046 usd
CY2022Q3 us-gaap Assets
Assets
1128666950 usd
CY2021Q4 us-gaap Assets
Assets
1048923353 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
28222095 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3530006 usd
CY2022Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
1045953691 usd
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
1001825294 usd
CY2022Q3 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
1872937 usd
CY2021Q4 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
0 usd
CY2022Q3 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
1044080754 usd
CY2021Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
1001825294 usd
CY2022Q3 oaks Mortgage Service Rights At Fair Value
MortgageServiceRightsAtFairValue
817907 usd
CY2021Q4 oaks Mortgage Service Rights At Fair Value
MortgageServiceRightsAtFairValue
551997 usd
CY2022Q3 us-gaap Interest Receivable
InterestReceivable
4259025 usd
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
3977752 usd
CY2022Q3 oaks Paydown Receivable
PaydownReceivable
601972 usd
CY2021Q4 oaks Paydown Receivable
PaydownReceivable
22400000 usd
CY2022Q3 us-gaap Other Assets
OtherAssets
2199881 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
1889258 usd
CY2022Q3 oaks Collateralized Loan Obligations
CollateralizedLoanObligations
828673313 usd
CY2021Q4 oaks Collateralized Loan Obligations
CollateralizedLoanObligations
826782543 usd
CY2022Q3 us-gaap Secured Long Term Debt
SecuredLongTermDebt
46908234 usd
CY2021Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
46845502 usd
CY2022Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1662145 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
704055 usd
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
4135161 usd
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3242809 usd
CY2022Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1648799 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1825142 usd
CY2022Q3 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
372789 usd
CY2021Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
147802 usd
CY2022Q3 us-gaap Liabilities
Liabilities
883400441 usd
CY2021Q4 us-gaap Liabilities
Liabilities
879547853 usd
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2021 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.07875
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.07875
CY2022Q3 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
60000000 usd
CY2021Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
60000000 usd
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2400000 shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2400000 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2400000 shares
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2400000 shares
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
57254935 usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
57254935 usd
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52231152 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
52231152 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24947883 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24947883 shares
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
522252 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
249434 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
314609303 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
233833749 usd
CY2022Q3 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
156405599 usd
CY2021Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
143449310 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
29186118 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
21387192 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
245167009 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
169276000 usd
CY2022Q3 us-gaap Minority Interest
MinorityInterest
99500 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
99500 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
245266509 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
169375500 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1128666950 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1048923353 usd
CY2022Q3 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
14743563 usd
CY2021Q3 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
9465332 usd
us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
37386399 usd
us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
25163428 usd
CY2022Q3 us-gaap Interest Income And Fees Bankers Acceptances Certificates Of Deposit And Commercial Paper
InterestIncomeAndFeesBankersAcceptancesCertificatesOfDepositAndCommercialPaper
4969 usd
CY2021Q3 us-gaap Interest Income And Fees Bankers Acceptances Certificates Of Deposit And Commercial Paper
InterestIncomeAndFeesBankersAcceptancesCertificatesOfDepositAndCommercialPaper
5724 usd
us-gaap Interest Income And Fees Bankers Acceptances Certificates Of Deposit And Commercial Paper
InterestIncomeAndFeesBankersAcceptancesCertificatesOfDepositAndCommercialPaper
14736 usd
us-gaap Interest Income And Fees Bankers Acceptances Certificates Of Deposit And Commercial Paper
InterestIncomeAndFeesBankersAcceptancesCertificatesOfDepositAndCommercialPaper
22802 usd
CY2022Q3 oaks Interest Expense Collateralized Loan Obligations
InterestExpenseCollateralizedLoanObligations
8317893 usd
CY2021Q3 oaks Interest Expense Collateralized Loan Obligations
InterestExpenseCollateralizedLoanObligations
3891089 usd
oaks Interest Expense Collateralized Loan Obligations
InterestExpenseCollateralizedLoanObligations
17607021 usd
oaks Interest Expense Collateralized Loan Obligations
InterestExpenseCollateralizedLoanObligations
8288278 usd
CY2022Q3 oaks Interest Expense Secured Term Loan
InterestExpenseSecuredTermLoan
947509 usd
CY2021Q3 oaks Interest Expense Secured Term Loan
InterestExpenseSecuredTermLoan
846988 usd
oaks Interest Expense Secured Term Loan
InterestExpenseSecuredTermLoan
2807362 usd
oaks Interest Expense Secured Term Loan
InterestExpenseSecuredTermLoan
2393216 usd
CY2022Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5483130 usd
CY2021Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4732979 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
16986752 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
14504736 usd
CY2022Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1521023 usd
CY2021Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1872937 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 usd
CY2022Q3 oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
37312 usd
CY2021Q3 oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
-59776 usd
oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
265910 usd
oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
-300666 usd
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1663926 usd
CY2022Q3 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
62451 usd
CY2021Q3 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
106392 usd
us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
185685 usd
us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
326314 usd
CY2022Q3 oaks Other Noninterest Income Loss
OtherNoninterestIncomeLoss
-1421260 usd
CY2021Q3 oaks Other Noninterest Income Loss
OtherNoninterestIncomeLoss
46616 usd
oaks Other Noninterest Income Loss
OtherNoninterestIncomeLoss
-1421342 usd
oaks Other Noninterest Income Loss
OtherNoninterestIncomeLoss
-1638278 usd
CY2022Q3 oaks Management And Incentive Fees
ManagementAndIncentiveFees
1096144 usd
CY2021Q3 oaks Management And Incentive Fees
ManagementAndIncentiveFees
807967 usd
oaks Management And Incentive Fees
ManagementAndIncentiveFees
3111413 usd
oaks Management And Incentive Fees
ManagementAndIncentiveFees
2254431 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
851528 usd
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
935817 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2664680 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2136144 usd
CY2022Q3 oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
555307 usd
CY2021Q3 oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
511117 usd
oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
1594662 usd
oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
1320170 usd
CY2022Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-83574 usd
CY2021Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-91378 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-237572 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-174185 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
73016 usd
CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
50991 usd
us-gaap Share Based Compensation
ShareBasedCompensation
178797 usd
us-gaap Share Based Compensation
ShareBasedCompensation
149617 usd
CY2022Q3 us-gaap Noninterest Expense
NoninterestExpense
2659569 usd
CY2021Q3 us-gaap Noninterest Expense
NoninterestExpense
2397270 usd
us-gaap Noninterest Expense
NoninterestExpense
7787124 usd
us-gaap Noninterest Expense
NoninterestExpense
6034547 usd
CY2022Q3 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
1402301 usd
CY2021Q3 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
2382325 usd
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
7778286 usd
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
6831911 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-97974 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7857 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-20640 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-31442 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
1500275 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
2374468 usd
us-gaap Net Income Loss
NetIncomeLoss
7798926 usd
us-gaap Net Income Loss
NetIncomeLoss
6863353 usd
CY2022Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1185042 usd
CY2021Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1198167 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3555042 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1927542 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
315233 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1176301 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4243884 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4935811 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
315233 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
315233 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1176301 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1176301 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4243884 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4243884 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4935811 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4935811 usd
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52231152 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24947883 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47031833 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24945130 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.06
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.09
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.27
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
169375500 usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
83468443 usd
CY2022Q1 oaks Cost Of Issuing Of Common Stock Values
CostOfIssuingOfCommonStockValues
2404070 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
4638 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
2954799 usd
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
3133509 usd
CY2022Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1184958 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
249080843 usd
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
18810 usd
CY2022Q2 oaks Cost Of Issuing Of Common Stock Values
CostOfIssuingOfCommonStockValues
14196 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
-14334 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
3343852 usd
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
3133869 usd
CY2022Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1185042 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
248096064 usd
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 usd
CY2022Q3 oaks Cost Of Issuing Of Common Stock Values
CostOfIssuingOfCommonStockValues
14352 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
3433 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
1500275 usd
CY2022Q3 us-gaap Dividends Common Stock
DividendsCommonStock
3133869 usd
CY2022Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1185042 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
245266509 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
113703152 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
2885 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
2808643 usd
CY2021Q1 us-gaap Dividends Common Stock
DividendsCommonStock
2244904 usd
CY2021Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3708 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
114266068 usd
oaks Accretion Of Discounts On Held For Investment Loans
AccretionOfDiscountsOnHeldForInvestmentLoans
125098 usd
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
11700 usd
CY2021Q2 oaks Preferred Stock Issued During Period Value New Issues
PreferredStockIssuedDuringPeriodValueNewIssues
57258435 usd
CY2021Q2 oaks Preferred Stock Issued During Period Value New Issues
PreferredStockIssuedDuringPeriodValueNewIssues
57258435 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
-8459 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
1680242 usd
CY2021Q2 us-gaap Dividends Common Stock
DividendsCommonStock
2245309 usd
CY2021Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
725667 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
170237010 usd
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 usd
CY2021Q3 oaks Cost Of Issuing Of Common Stock Values
CostOfIssuingOfCommonStockValues
11201 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
4741 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
2374468 usd
CY2021Q3 us-gaap Dividends Common Stock
DividendsCommonStock
2245310 usd
CY2021Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1198166 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
169161542 usd
us-gaap Net Income Loss
NetIncomeLoss
7798926 usd
us-gaap Net Income Loss
NetIncomeLoss
6863353 usd
oaks Accretion Of Discounts On Held For Investment Loans
AccretionOfDiscountsOnHeldForInvestmentLoans
24773 usd
oaks Amortization Of Premiums On Held For Investment Loans
AmortizationOfPremiumsOnHeldForInvestmentLoans
55804 usd
oaks Amortization Of Premiums On Held For Investment Loans
AmortizationOfPremiumsOnHeldForInvestmentLoans
361227 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
0 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-207767 usd
oaks Amortization Of Offering Costs
AmortizationOfOfferingCosts
-100219 usd
oaks Amortization Of Offering Costs
AmortizationOfOfferingCosts
-11201 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2072877 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1260660 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1872937 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1663926 usd
oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
265910 usd
oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
-300666 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
12547 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
10867 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
281273 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1067059 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
310623 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
371732 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
958090 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
216110 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-176343 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
472199 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
224987 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
2043121 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11736702 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11925131 usd
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
269596827 usd
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
647459391 usd
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
247335751 usd
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
391394015 usd
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
0 usd
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
48890010 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22261076 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-304955386 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
81136045 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
57258435 usd
oaks Proceeds From Collateralized Loan Obligations
ProceedsFromCollateralizedLoanObligations
0 usd
oaks Proceeds From Collateralized Loan Obligations
ProceedsFromCollateralizedLoanObligations
833750000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
7500000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
465316126 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
119375 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
8731741 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
8512687 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
7732853 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3551250 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
926249 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
68952733 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
415801466 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
58428359 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
122771211 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18279052 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69375356 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76707411 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
192146567 usd
us-gaap Interest Paid Net
InterestPaidNet
17383416 usd
us-gaap Interest Paid Net
InterestPaidNet
8996957 usd
oaks Dividends Declared Not Yet Paid
DividendsDeclaredNotYetPaid
4135161 usd
oaks Dividends Declared Not Yet Paid
DividendsDeclaredNotYetPaid
3443476 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">The financial statements have been prepared on the accrual basis of accounting in accordance with GAAP. The preparation of financial statements in conformity with GAAP requires the Company to make a number of significant estimates. As of September 30, 2022, global macroeconomic conditions, including heightened inflation, changes to fiscal and monetary policy, higher interest rates, currency fluctuations, labor shortages and challenges in the supply chain, coupled with the war in Ukraine and the ongoing effects of the novel coronavirus ("COVID-19") pandemic, have the potential to negatively impact the Company and it borrowers. These current macroeconomic conditions may continue to aggravate and could cause the United States economy or other global economies to experience an economic slowdown or recession. We anticipate our business operations could be materially adversely affected by a prolonged recession in the United States or other major global economy. </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">We believe the estimates and assumptions underlying our consolidated financial statements are reasonable and supportable based on the information available as of September 30, 2022, however uncertainty over the ultimate impact of COVID-19, rising inflation and increases in interest rates on the global economy generally, and our business in particular, makes any estimates and assumptions as of September 30, 2022 inherently less certain than they would be absent the current and potential impacts of COVID-19, macroeconomic changes, and geopolitical events. Actual results could differ from our estimates and the differences may be material.</span></div>
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48485316 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14749046 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
28222095 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3530006 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76707411 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18279052 usd
CY2022Q3 oaks Number Of Non Accrual Loans
NumberOfNonAccrualLoans
1 loan
CY2022Q3 oaks Reserve For Impaired Loan
ReserveForImpairedLoan
1500000 usd
oaks Reserve For Impaired Loan
ReserveForImpairedLoan
1900000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0 usd
CY2022Q3 oaks Number Of Sub Servers
NumberOfSubServers
2 sub-servicer
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
52231152 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
52231152 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52231152 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52231152 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24947883 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24947883 shares
CY2015Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000 usd
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2400000 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2400000 shares
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2400000 shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2400000 shares
CY2022Q3 oaks Weighted Average Libor Floor Rate
WeightedAverageLIBORFloorRate
0.0026
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1872937 usd
CY2022Q3 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
1044080754 usd
CY2022Q3 oaks One Month Libor Rate
OneMonthLIBORRate
0.0266
CY2021Q4 oaks One Month Libor Rate
OneMonthLIBORRate
0.0010
CY2022Q3 oaks One Month Sofr Rate
OneMonthSOFRRate
0.0260
CY2021Q4 oaks One Month Sofr Rate
OneMonthSOFRRate
0.0000
CY2022Q3 oaks Weighted Average Floating Rate
WeightedAverageFloatingRate
0.835
CY2021Q4 oaks Weighted Average Libor Floor Rate
WeightedAverageLIBORFloorRate
0.0049
CY2022Q3 oaks Weighted Average Sofr Rate
WeightedAverageSOFRRate
0.165
CY2021 oaks Financing Receivable Floating Rate Percentage
FinancingReceivableFloatingRatePercentage
1
CY2022Q3 oaks Average Risk Rate
AverageRiskRate
2.7
CY2021Q4 oaks Average Risk Rate
AverageRiskRate
2.3
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
351914 usd
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0 usd
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0 usd
CY2022Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1521023 usd
CY2021Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1872937 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 usd
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1872937 usd
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0 usd
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1872937 usd
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0 usd
CY2022Q3 oaks Number Of Impaired Loans
NumberOfImpairedLoans
1 loan
CY2022Q3 oaks Impaired Financing Receivable Collateralized Unpaid Principal Balance
ImpairedFinancingReceivableCollateralizedUnpaidPrincipalBalance
10300000 usd
CY2022Q3 oaks Reserve For Impaired Loan
ReserveForImpairedLoan
1500000 usd
oaks Reserve For Impaired Loan
ReserveForImpairedLoan
1900000 usd
CY2021Q2 oaks Number Of Newly Formed Subsidiaries
NumberOfNewlyFormedSubsidiaries
2 subsidiary
CY2021Q2 oaks Variable Interest Entity Qualitative And Quantitative Information Equity Interest
VariableInterestEntityQualitativeAndQuantitativeInformationEquityInterest
96250000 usd
CY2021Q2 oaks Proceeds From Issuance Of Debt Securities Allocated To Acquire Additional Loan Obligations
ProceedsFromIssuanceOfDebtSecuritiesAllocatedToAcquireAdditionalLoanObligations
330300000 usd
CY2021Q2 oaks Period To Acquire Additional Loan Obligations From Closing Date
PeriodToAcquireAdditionalLoanObligationsFromClosingDate
P180D
CY2021Q2 oaks Collateralized Loan Obligation Leverage Ratio
CollateralizedLoanObligationLeverageRatio
0.83
CY2022Q3 oaks One Month Libor Rate
OneMonthLIBORRate
0.0266
CY2021Q4 oaks One Month Libor Rate
OneMonthLIBORRate
0.0010
CY2022Q3 oaks One Month Sofr Rate
OneMonthSOFRRate
0.0260
CY2021Q4 oaks One Month Sofr Rate
OneMonthSOFRRate
0.0000
CY2022Q3 oaks Weighted Average Libor Floor Rate
WeightedAverageLIBORFloorRate
0.0026
CY2021Q4 oaks Weighted Average Libor Floor Rate
WeightedAverageLIBORFloorRate
0.0049
CY2022Q3 oaks Financing Receivable Sofr Spread Rate
FinancingReceivableSOFRSpreadRate
0.0336
CY2021Q4 oaks Financing Receivable Sofr Spread Rate
FinancingReceivableSOFRSpreadRate
0.0342
oaks Financing Receivable Floating Rate Percentage
FinancingReceivableFloatingRatePercentage
0.865
CY2022Q3 oaks Financing Receivable Floating Rate One Month Percentage
FinancingReceivableFloatingRateOneMonthPercentage
0.135
CY2021 oaks Financing Receivable Floating Rate Percentage
FinancingReceivableFloatingRatePercentage
1
CY2021Q4 oaks Financing Receivable Lobr Spread Rate
FinancingReceivableLOBRSpreadRate
0.0143
CY2022Q3 oaks Financing Receivable Lobr Spread Rate
FinancingReceivableLOBRSpreadRate
0.0143
CY2019Q1 oaks Collateralized Loan Obligation Unamortized Discount
CollateralizedLoanObligationUnamortizedDiscount
39200000 usd
CY2022Q3 oaks Collateralized Loan Obligation Deferred Financing Costs
CollateralizedLoanObligationDeferredFinancingCosts
841766 usd
CY2021Q4 oaks Collateralized Loan Obligation Deferred Financing Costs
CollateralizedLoanObligationDeferredFinancingCosts
904498 usd
us-gaap Management Fee Expense
ManagementFeeExpense
3111413 usd
CY2022Q3 us-gaap Secured Debt
SecuredDebt
47750000 usd
CY2022Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
47750000 usd
CY2021Q4 us-gaap Secured Debt
SecuredDebt
47750000 usd
CY2021Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
47750000 usd
CY2022Q3 us-gaap Secured Debt
SecuredDebt
47750000 usd
CY2022Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
47750000 usd
CY2021Q4 us-gaap Secured Debt
SecuredDebt
47750000 usd
CY2021Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
47750000 usd
CY2022Q3 oaks Number Of Sub Servers
NumberOfSubServers
2 sub-servicer
CY2022Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
817907 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
551997 usd
oaks Management Fee Percentage
ManagementFeePercentage
0.015
oaks Quarterly Management Fee Percentage
QuarterlyManagementFeePercentage
0.00375
CY2022Q3 us-gaap Management Fee Expense
ManagementFeeExpense
1096144 usd
CY2021Q3 us-gaap Management Fee Expense
ManagementFeeExpense
807967 usd
CY2022Q3 us-gaap Management Fee Payable
ManagementFeePayable
1095000 usd
CY2021Q3 us-gaap Management Fee Payable
ManagementFeePayable
811000 usd
CY2021Q3 oaks Incentive Fees
IncentiveFees
0 usd
CY2022Q3 oaks Incentive Fees
IncentiveFees
0 usd
us-gaap Management Fee Expense
ManagementFeeExpense
2122199 usd
CY2022Q3 us-gaap Management Fee Payable
ManagementFeePayable
1095000 usd
oaks Reduction To Reimbursable Expenses As Percentage Of Exit Fees Waived Percent
ReductionToReimbursableExpensesAsPercentageOfExitFeesWaivedPercent
0.50
CY2021Q3 us-gaap Management Fee Payable
ManagementFeePayable
811000 usd
oaks Incentive Fees
IncentiveFees
0 usd
oaks Incentive Fees
IncentiveFees
132232 usd
CY2022Q3 oaks Incentive Fees Payable
IncentiveFeesPayable
0 usd
CY2021Q3 oaks Incentive Fees Payable
IncentiveFeesPayable
132232 usd
CY2022Q3 oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
555307 usd
CY2021Q3 oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
511117 usd
CY2022Q3 oaks Reimbursable Costs Payable
ReimbursableCostsPayable
553799 usd
CY2021Q3 oaks Reimbursable Costs Payable
ReimbursableCostsPayable
512730 usd
oaks Reduction To Reimbursable Expenses As Percentage Of Exit Fees Waived Percent
ReductionToReimbursableExpensesAsPercentageOfExitFeesWaivedPercent
0.50
CY2022Q3 oaks Reimbursable Operating Expense Waived
ReimbursableOperatingExpenseWaived
204400 usd
CY2022Q3 oaks Reimbursable Operating Expense Reduction
ReimbursableOperatingExpenseReduction
102200 usd
CY2021Q3 oaks Reimbursable Operating Expense Waived
ReimbursableOperatingExpenseWaived
190540 usd
CY2021Q3 oaks Reimbursable Operating Expense Reduction
ReimbursableOperatingExpenseReduction
95270 usd
oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
1594662 usd
oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
1320170 usd
CY2022Q3 oaks Reimbursable Costs Payable
ReimbursableCostsPayable
553799 usd
CY2021Q3 oaks Reimbursable Costs Payable
ReimbursableCostsPayable
512730 usd
oaks Reimbursable Operating Expense Waived
ReimbursableOperatingExpenseWaived
903947 usd
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
oaks Reimbursable Operating Expense Reduction
ReimbursableOperatingExpenseReduction
451974 usd
oaks Reimbursable Operating Expense Waived
ReimbursableOperatingExpenseWaived
542458 usd
oaks Reimbursable Operating Expense Reduction
ReimbursableOperatingExpenseReduction
271229 usd
CY2021Q2 oaks Number Of Participation Interests Funded
NumberOfParticipationInterestsFunded
18 contract
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
52231152 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52231152 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24947883 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24947883 shares
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
1500275 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
2374468 usd
CY2022Q3 us-gaap Dividends Common Stock
DividendsCommonStock
3133869 usd
CY2021Q3 us-gaap Dividends Common Stock
DividendsCommonStock
2245310 usd
CY2022Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1185042 usd
CY2021Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1198166 usd
CY2022Q3 us-gaap Dividends
Dividends
4318911 usd
CY2021Q3 us-gaap Dividends
Dividends
3443476 usd
CY2022Q3 us-gaap Undistributed Earnings
UndistributedEarnings
-2818636 usd
CY2021Q3 us-gaap Undistributed Earnings
UndistributedEarnings
-1069008 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52225152 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24943383 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4500 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52231152 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24947883 shares
us-gaap Net Income Loss
NetIncomeLoss
7798926 usd
us-gaap Net Income Loss
NetIncomeLoss
6863353 usd
us-gaap Dividends Common Stock
DividendsCommonStock
9401247 usd
us-gaap Dividends Common Stock
DividendsCommonStock
6735523 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
3555042 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
1927542 usd
us-gaap Dividends
Dividends
12956289 usd
us-gaap Dividends
Dividends
8663065 usd
us-gaap Undistributed Earnings
UndistributedEarnings
-5157363 usd
us-gaap Undistributed Earnings
UndistributedEarnings
-1799712 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47026745 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24940630 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5088 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4500 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47031833 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24945130 shares

Files In Submission

Name View Source Status
0001628280-22-028979-index-headers.html Edgar Link pending
0001628280-22-028979-index.html Edgar Link pending
0001628280-22-028979.txt Edgar Link pending
0001628280-22-028979-xbrl.zip Edgar Link pending
a20220930exhibit31-1.htm Edgar Link pending
a20220930exhibit31-2.htm Edgar Link pending
a20220930exhibit32-1.htm Edgar Link pending
a20220930exhibit32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
oaks-20220930.htm Edgar Link pending
oaks-20220930.xsd Edgar Link pending
oaks-20220930_g1.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
oaks-20220930_cal.xml Edgar Link unprocessable
oaks-20220930_def.xml Edgar Link unprocessable
oaks-20220930_lab.xml Edgar Link unprocessable
oaks-20220930_htm.xml Edgar Link completed
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
oaks-20220930_pre.xml Edgar Link unprocessable