$LFT
Lument Finance Trust, Inc.

2024 Q4 Form 10-Q Financial Statement

#000162828024047234 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $29.67M
YoY Change -6.87%
Cost Of Revenue $21.31M
YoY Change -4.47%
Gross Profit $8.358M
YoY Change -12.39%
Gross Profit Margin 28.17%
Selling, General & Admin $1.690M
YoY Change -25.87%
% of Gross Profit 20.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.088M
YoY Change -35.57%
Operating Profit $6.270M
YoY Change -0.48%
Interest Expense -$46.02K
YoY Change
% of Operating Profit -0.73%
Other Income/Expense, Net
YoY Change
Pretax Income $6.284M
YoY Change -1.5%
Income Tax $3.489K
% Of Pretax Income 0.06%
Net Earnings $6.281M
YoY Change -1.24%
Net Earnings / Revenue 21.17%
Basic Earnings Per Share $0.10
Diluted Earnings Per Share $0.10
COMMON SHARES
Basic Shares Outstanding 52.29M shares 52.28M shares
Diluted Shares Outstanding 52.28M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.59M
YoY Change 5.04%
Cash & Equivalents $45.59M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $52.41M
YoY Change -36.93%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $19.49M
YoY Change 214.37%
Total Long-Term Assets $1.204B
YoY Change -11.52%
TOTAL ASSETS
Total Short-Term Assets $52.41M
Total Long-Term Assets $1.204B
Total Assets $1.256B
YoY Change -12.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $3.153M
YoY Change -17.02%
Deferred Revenue
YoY Change
Short-Term Debt $955.1M
YoY Change -16.61%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $964.9M
YoY Change -16.46%
LONG-TERM LIABILITIES
Long-Term Debt $47.41M
YoY Change 0.44%
Other Long-Term Liabilities $528.0K
YoY Change 32.01%
Total Long-Term Liabilities $47.94M
YoY Change 0.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $964.9M
Total Long-Term Liabilities $47.94M
Total Liabilities $1.013B
YoY Change -15.79%
SHAREHOLDERS EQUITY
Retained Earnings $65.23M
YoY Change 54.0%
Common Stock $522.9K
YoY Change 0.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $243.0M
YoY Change
Total Liabilities & Shareholders Equity $1.256B
YoY Change -12.98%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $6.281M
YoY Change -1.24%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $6.229M
YoY Change 14.93%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $39.31M
YoY Change -110.77%
Cash From Investing Activities $39.31M
YoY Change -110.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -47.06M
YoY Change -115.2%
NET CHANGE
Cash From Operating Activities 6.229M
Cash From Investing Activities 39.31M
Cash From Financing Activities -47.06M
Net Change In Cash -1.514M
YoY Change -96.98%
FREE CASH FLOW
Cash From Operating Activities $6.229M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9544365 usd
CY2024Q3 us-gaap Noninterest Expense
NoninterestExpense
2897067 usd
CY2023Q3 us-gaap Noninterest Expense
NoninterestExpense
2445687 usd
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
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
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
52292107 shares
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51247063 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19490910 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
270129 usd
CY2024Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
1191183049 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
1389940203 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
9515493 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
6059006 usd
CY2024Q3 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
1181667556 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
1383881197 usd
CY2024Q3 oaks Mortgage Service Rights At Fair Value
MortgageServiceRightsAtFairValue
640309 usd
CY2023Q4 oaks Mortgage Service Rights At Fair Value
MortgageServiceRightsAtFairValue
691973 usd
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
8588805 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
1789333 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
2253280 usd
CY2024Q3 us-gaap Assets
Assets
1255998871 usd
CY2023Q4 us-gaap Assets
Assets
1446932447 usd
CY2024Q3 us-gaap Secured Long Term Debt
SecuredLongTermDebt
47407286 usd
CY2023Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
47220226 usd
CY2024Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3153060 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
4092701 usd
CY2024Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
5184660 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
4654904 usd
CY2024Q3 oaks Management Fees And Expenses Payable
ManagementFeesAndExpensesPayable
1486946 usd
CY2023Q4 oaks Management Fees And Expenses Payable
ManagementFeesAndExpensesPayable
1587875 usd
CY2024Q3 us-gaap Other Liabilities
OtherLiabilities
528018 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
2373609 usd
CY2024Q3 us-gaap Liabilities
Liabilities
1012854649 usd
CY2023Q4 us-gaap Liabilities
Liabilities
1206140067 usd
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.07875
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.07875
CY2024Q3 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
60000000 usd
CY2023Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
60000000 usd
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2400000 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2400000 shares
CY2024Q3 us-gaap Preferred Stock Value
PreferredStockValue
57254935 usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
57254935 usd
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52292107 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
52248631 shares
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
522922 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
522487 usd
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
314657793 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
314587299 usd
CY2024Q3 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
194624189 usd
CY2023Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
179045749 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
65233261 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
47373908 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
243044722 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
240692880 usd
CY2024Q3 us-gaap Minority Interest
MinorityInterest
99500 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
99500 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
243144222 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
240792380 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1255998871 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1446932447 usd
CY2024Q3 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
28926111 usd
us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
93553383 usd
us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
74830619 usd
CY2024Q3 us-gaap Interest Income And Fees Bankers Acceptances Certificates Of Deposit And Commercial Paper
InterestIncomeAndFeesBankersAcceptancesCertificatesOfDepositAndCommercialPaper
744724 usd
CY2023Q3 us-gaap Interest Income And Fees Bankers Acceptances Certificates Of Deposit And Commercial Paper
InterestIncomeAndFeesBankersAcceptancesCertificatesOfDepositAndCommercialPaper
789442 usd
us-gaap Interest Income And Fees Bankers Acceptances Certificates Of Deposit And Commercial Paper
InterestIncomeAndFeesBankersAcceptancesCertificatesOfDepositAndCommercialPaper
1878550 usd
CY2024Q3 oaks Interest Expense Secured Term Loan
InterestExpenseSecuredTermLoan
947510 usd
CY2023Q3 oaks Interest Expense Secured Term Loan
InterestExpenseSecuredTermLoan
947509 usd
oaks Interest Expense Secured Term Loan
InterestExpenseSecuredTermLoan
2821931 usd
oaks Interest Expense Secured Term Loan
InterestExpenseSecuredTermLoan
2811631 usd
CY2024Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9484463 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
31999947 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
25299713 usd
CY2024Q3 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
6284214 usd
CY2023Q3 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
6379530 usd
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
14710425 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3489 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19803 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13351 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9780 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
6280725 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
6359727 usd
us-gaap Net Income Loss
NetIncomeLoss
17859353 usd
us-gaap Net Income Loss
NetIncomeLoss
14700645 usd
CY2024Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1185041 usd
CY2023Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1185042 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5095684 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5174685 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
14304312 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14304312 usd
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52283669 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52231152 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.08
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.07
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
240792380 usd
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001547546
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2400000 shares
us-gaap Interest Income And Fees Bankers Acceptances Certificates Of Deposit And Commercial Paper
InterestIncomeAndFeesBankersAcceptancesCertificatesOfDepositAndCommercialPaper
2197768 usd
oaks Interest Expense Collateralized Loan Obligations And Secured Financings
InterestExpenseCollateralizedLoanObligationsAndSecuredFinancings
60929273 usd
oaks Interest Expense Collateralized Loan Obligations And Secured Financings
InterestExpenseCollateralizedLoanObligationsAndSecuredFinancings
48597825 usd
oaks Management And Incentive Fees
ManagementAndIncentiveFees
5507768 usd
oaks Management And Incentive Fees
ManagementAndIncentiveFees
3253205 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3425430 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2692236 usd
oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
1293627 usd
oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
1372511 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-138036 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-2042346 usd
us-gaap Noninterest Expense
NoninterestExpense
10698611 usd
us-gaap Noninterest Expense
NoninterestExpense
9542742 usd
oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
-51664 usd
us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
117056 usd
oaks Other Noninterest Income Loss
OtherNoninterestIncomeLoss
-3428632 usd
oaks Other Noninterest Income Loss
OtherNoninterestIncomeLoss
-1046546 usd
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
17872704 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3555041 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3555042 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14304312 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11145603 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5095684 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5174685 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5174685 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
11145603 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11145603 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52231152 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.23
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.19
dei Amendment Flag
AmendmentFlag
false
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52248631 shares
oaks Financing Receivable Excluding Accrued Interest Including Loss On Unfunded Loan Commitments Expense Reversal
FinancingReceivableExcludingAccruedInterestIncludingLossOnUnfundedLoanCommitmentsExpenseReversal
3494024 usd
oaks Financing Receivable Excluding Accrued Interest Including Loss On Unfunded Loan Commitments Expense Reversal
FinancingReceivableExcludingAccruedInterestIncludingLossOnUnfundedLoanCommitmentsExpenseReversal
1166962 usd
oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
-47350 usd
us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
167766 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52266444 shares
CY2022 us-gaap Accounting Standards Update Extensible List
AccountingStandardsUpdateExtensibleList
http://fasb.org/us-gaap/2024#AccountingStandardsUpdate201613Member
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45587573 usd
CY2024Q3 us-gaap Interest Receivable
InterestReceivable
6823190 usd
CY2024Q3 oaks Collateralized Loan Obligations And Secured Financing Net
CollateralizedLoanObligationsAndSecuredFinancingNet
955094679 usd
CY2023Q4 oaks Collateralized Loan Obligations And Secured Financing Net
CollateralizedLoanObligationsAndSecuredFinancingNet
1146210752 usd
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2400000 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
52292107 shares
CY2023Q3 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
31067350 usd
CY2024Q3 oaks Interest Expense Collateralized Loan Obligations And Secured Financings
InterestExpenseCollateralizedLoanObligationsAndSecuredFinancings
19238862 usd
CY2023Q3 oaks Interest Expense Collateralized Loan Obligations And Secured Financings
InterestExpenseCollateralizedLoanObligationsAndSecuredFinancings
21364918 usd
CY2024Q3 oaks Management And Incentive Fees
ManagementAndIncentiveFees
1126820 usd
CY2023Q3 oaks Management And Incentive Fees
ManagementAndIncentiveFees
1072569 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1160346 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
861447 usd
CY2024Q3 oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
418553 usd
CY2023Q3 oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
284859 usd
CY2024Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-80098 usd
CY2023Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-168062 usd
CY2024Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
111250 usd
CY2023Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
58750 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
333750 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
182444 usd
CY2024Q3 oaks Financing Receivable Excluding Accrued Interest Including Loss On Unfunded Loan Commitments Expense Reversal
FinancingReceivableExcludingAccruedInterestIncludingLossOnUnfundedLoanCommitmentsExpenseReversal
317448 usd
CY2023Q3 oaks Financing Receivable Excluding Accrued Interest Including Loss On Unfunded Loan Commitments Expense Reversal
FinancingReceivableExcludingAccruedInterestIncludingLossOnUnfundedLoanCommitmentsExpenseReversal
791563 usd
CY2024Q3 oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
-46017 usd
CY2023Q3 oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
1573 usd
CY2024Q3 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
60283 usd
CY2023Q3 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
70842 usd
CY2024Q3 oaks Other Noninterest Income Loss
OtherNoninterestIncomeLoss
-303182 usd
CY2023Q3 oaks Other Noninterest Income Loss
OtherNoninterestIncomeLoss
-719148 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5095684 usd
CY2024Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
19947 usd
CY2024Q1 oaks Cost Of Issuing Of Common Stock Values
CostOfIssuingOfCommonStockValues
14196 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
6980182 usd
CY2024Q1 us-gaap Dividends Common Stock
DividendsCommonStock
3658012 usd
CY2024Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1184999 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
242935302 usd
CY2024Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
42494 usd
CY2024Q2 oaks Cost Of Issuing Of Common Stock Values
CostOfIssuingOfCommonStockValues
14196 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
4598446 usd
CY2024Q2 us-gaap Dividends Common Stock
DividendsCommonStock
4182019 usd
CY2024Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1185001 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
242195026 usd
CY2024Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
42496 usd
CY2024Q3 oaks Cost Of Issuing Of Common Stock Values
CostOfIssuingOfCommonStockValues
5616 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
6280725 usd
CY2024Q3 us-gaap Dividends Common Stock
DividendsCommonStock
4183368 usd
CY2024Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1185041 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
243144222 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
243001497 usd
CY2023Q1 oaks Cost Of Issuing Of Common Stock Values
CostOfIssuingOfCommonStockValues
14040 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
3358 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
5766691 usd
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
3133869 usd
CY2023Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1184958 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
240847239 usd
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
13620 usd
CY2023Q2 oaks Cost Of Issuing Of Common Stock Values
CostOfIssuingOfCommonStockValues
14196 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
-10784 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
2574227 usd
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
3133869 usd
CY2023Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1185042 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
239091195 usd
CY2023Q3 oaks Cost Of Issuing Of Common Stock Values
CostOfIssuingOfCommonStockValues
14352 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
6359727 usd
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
3656181 usd
CY2023Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1185042 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
240595347 usd
us-gaap Net Income Loss
NetIncomeLoss
17859353 usd
us-gaap Net Income Loss
NetIncomeLoss
14700645 usd
oaks Accretion Of Discounts On Held For Investment Loans
AccretionOfDiscountsOnHeldForInvestmentLoans
2656178 usd
oaks Accretion Of Discounts On Held For Investment Loans
AccretionOfDiscountsOnHeldForInvestmentLoans
431009 usd
oaks Amortization Of Premiums On Held For Investment Loans
AmortizationOfPremiumsOnHeldForInvestmentLoans
0 usd
oaks Amortization Of Premiums On Held For Investment Loans
AmortizationOfPremiumsOnHeldForInvestmentLoans
16201 usd
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
172598 usd
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
195022 usd
oaks Amortization Of Offering Costs
AmortizationOfOfferingCosts
-34008 usd
oaks Amortization Of Offering Costs
AmortizationOfOfferingCosts
-42588 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2847760 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2302706 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
3456487 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
1166962 usd
oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
-51664 usd
oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
-47350 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6194 usd
us-gaap Share Based Compensation
ShareBasedCompensation
104938 usd
us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-1765615 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2809908 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-463947 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
272085 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-939642 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1472032 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-100929 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-242236 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1845591 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-205860 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
20800818 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15513382 usd
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
45423744 usd
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
517608525 usd
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
247009674 usd
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
203425029 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
201585930 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-314183496 usd
oaks Proceeds From Collateralized Loan Obligations And Secured Financings
ProceedsFromCollateralizedLoanObligationsAndSecuredFinancings
0 usd
oaks Proceeds From Collateralized Loan Obligations And Secured Financings
ProceedsFromCollateralizedLoanObligationsAndSecuredFinancings
317700000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
193776773 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3809453 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11497434 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
9401607 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
3551250 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-208825457 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
300937690 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
13561291 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2267576 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51517192 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47366365 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
65078483 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49633941 usd
us-gaap Interest Paid Net
InterestPaidNet
61843086 usd
us-gaap Interest Paid Net
InterestPaidNet
47634719 usd
CY2024Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
5184660 usd
CY2023Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
4657473 usd
oaks Loan Principal Payments Held By Servicer
LoanPrincipalPaymentsHeldByServicer
18822381 usd
oaks Loan Principal Payments Held By Servicer
LoanPrincipalPaymentsHeldByServicer
0 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. These include estimates of fair value of certain assets and liabilities, amount and timing of credit losses, prepayment rates, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the financial statements and the reported amounts of certain revenues and expenses during the reported period. It is likely that changes in these estimates (e.g. valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. The Company's estimates are inherently subjective in nature and actual results could differ from its estimates and the differences may be material.</span></div>
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45587573 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51247063 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
65078483 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51517192 usd
CY2024Q3 oaks Number Of Commercial Real Estate Loans Included In Loan Performance Analytical Model
NumberOfCommercialRealEstateLoansIncludedInLoanPerformanceAnalyticalModel
125000 loan
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
1076148186 usd
CY2022Q4 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
4258668 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
1071889518 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
583989 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
31250852 usd
CY2024Q3 oaks Number Of Sub Servers
NumberOfSubServers
2 sub-servicer
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52292107 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
52292107 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
52248631 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52248631 shares
CY2015Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
9515493 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
6059006 usd
CY2024Q3 oaks One Month Sofr Rate
OneMonthSOFRRate
0.0516
CY2023Q4 oaks One Month Sofr Rate
OneMonthSOFRRate
0.0533
CY2024Q3 oaks Weighted Average Libor Floor Rate
WeightedAverageLIBORFloorRate
0.0055
CY2023Q4 oaks Weighted Average Libor Floor Rate
WeightedAverageLIBORFloorRate
0.0038
CY2024Q3 oaks Weighted Average Floating Rate
WeightedAverageFloatingRate
1.000
CY2023Q4 oaks Weighted Average Floating Rate
WeightedAverageFloatingRate
1.000
CY2024Q3 oaks Average Risk Rate
AverageRiskRate
3.6
CY2023Q4 oaks Average Risk Rate
AverageRiskRate
3.5
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
9515493 usd
CY2024Q3 oaks Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Unfunded Loan Commitments
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestUnfundedLoanCommitments
81184 usd
CY2024Q3 oaks Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Including Unfunded Loan Commitments
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestIncludingUnfundedLoanCommitments
9596677 usd
CY2024Q3 oaks Financing Receivable Excluding Accrued Interest Net Of Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestNetOfAllowanceForCreditLoss
1195799230 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
6059006 usd
CY2023Q4 oaks Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Unfunded Loan Commitments
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestUnfundedLoanCommitments
43647 usd
CY2023Q4 oaks Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Including Unfunded Loan Commitments
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestIncludingUnfundedLoanCommitments
6102653 usd
CY2023Q4 oaks Financing Receivable Excluding Accrued Interest Net Of Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestNetOfAllowanceForCreditLoss
1397385160 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Period Increase Decrease
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossPeriodIncreaseDecrease
300000 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
9500000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
6000000 usd
CY2022 oaks Reserve For Impaired Loan
ReserveForImpairedLoan
4300000 usd
CY2023Q3 oaks Reserve For Impaired Loan
ReserveForImpairedLoan
4300000 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
CY2023Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0314
CY2023Q3 oaks Debt Weighted Average Excluding Fees And Transaction Costs Term
DebtWeightedAverageExcludingFeesAndTransactionCostsTerm
P30D
CY2024Q3 oaks One Month Sofr Rate
OneMonthSOFRRate
0.0516
CY2023Q4 oaks One Month Sofr Rate
OneMonthSOFRRate
0.0533
CY2024Q3 oaks Weighted Average Libor Floor Rate Collateralized Loan Obligations
WeightedAverageLIBORFloorRateCollateralizedLoanObligations
0.0056
CY2023Q4 oaks Weighted Average Libor Floor Rate Collateralized Loan Obligations
WeightedAverageLIBORFloorRateCollateralizedLoanObligations
0.0038
CY2024Q3 oaks Financing Receivable Sofr Spread Rate
FinancingReceivableSOFRSpreadRate
0.0358
CY2023Q4 oaks Financing Receivable Sofr Spread Rate
FinancingReceivableSOFRSpreadRate
0.0354
us-gaap Loans Receivable Basis Spread On Variable Rate During Period
LoansReceivableBasisSpreadOnVariableRateDuringPeriod
0.0213
CY2023 us-gaap Loans Receivable Basis Spread On Variable Rate During Period
LoansReceivableBasisSpreadOnVariableRateDuringPeriod
0.0199
CY2019Q1 oaks Collateralized Loan Obligation Unamortized Discount
CollateralizedLoanObligationUnamortizedDiscount
39200000 usd
CY2024Q3 oaks Collateralized Loan Obligation Deferred Financing Costs
CollateralizedLoanObligationDeferredFinancingCosts
342714 usd
CY2023Q4 oaks Collateralized Loan Obligation Deferred Financing Costs
CollateralizedLoanObligationDeferredFinancingCosts
529774 usd
CY2024Q3 us-gaap Secured Debt
SecuredDebt
47750000 usd
CY2024Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
47750000 usd
CY2023Q4 us-gaap Secured Debt
SecuredDebt
47750000 usd
CY2023Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
47750000 usd
CY2024Q3 us-gaap Secured Debt
SecuredDebt
47750000 usd
CY2024Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
47750000 usd
CY2023Q4 us-gaap Secured Debt
SecuredDebt
47750000 usd
CY2023Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
47750000 usd
CY2024Q3 oaks Number Of Sub Servers
NumberOfSubServers
2 sub-servicer
CY2024Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
640309 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
691973 usd
oaks Annual Management Fee Percentage
AnnualManagementFeePercentage
0.015
oaks Quarterly Management Fee Percentage
QuarterlyManagementFeePercentage
0.00375
CY2024Q3 oaks Reduction To Reimbursable Expenses As Percentage Of Waived Exit Fees Percent
ReductionToReimbursableExpensesAsPercentageOfWaivedExitFeesPercent
0.01
oaks Reduction To Reimbursable Expenses As Percentage Of Waived Exit Fees Percent
ReductionToReimbursableExpensesAsPercentageOfWaivedExitFeesPercent
0.01
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52292107 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
52292107 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
52248631 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52248631 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2400000 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2400000 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2400000 shares
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2400000 shares
us-gaap Dividends Common Stock
DividendsCommonStock
12023399 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.23
CY2024Q1 us-gaap Dividends Common Stock
DividendsCommonStock
3658012 usd
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.070
CY2024Q2 us-gaap Dividends Common Stock
DividendsCommonStock
4182019 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.080
CY2024Q3 us-gaap Dividends Common Stock
DividendsCommonStock
4183368 usd
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.080
CY2023Q2 oaks Fair Market Value Average Closing Prices Share Of Common Stock Reported Nyse Period
FairMarketValueAverageClosingPricesShareOfCommonStockReportedNYSEPeriod
10 tradingday
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
6280725 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
6359727 usd
CY2024Q3 us-gaap Dividends Common Stock
DividendsCommonStock
4183368 usd
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
3656181 usd
CY2024Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1185041 usd
CY2023Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1185042 usd
CY2024Q3 us-gaap Dividends
Dividends
5368409 usd
CY2023Q3 us-gaap Dividends
Dividends
4841223 usd
CY2024Q3 us-gaap Undistributed Earnings
UndistributedEarnings
912316 usd
CY2023Q3 us-gaap Undistributed Earnings
UndistributedEarnings
1518504 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52283669 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52231152 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52283669 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52231152 shares
us-gaap Net Income Loss
NetIncomeLoss
17859353 usd
us-gaap Net Income Loss
NetIncomeLoss
14700645 usd
us-gaap Dividends Common Stock
DividendsCommonStock
12023399 usd
us-gaap Dividends Common Stock
DividendsCommonStock
9923919 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
3555041 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
3555042 usd
us-gaap Dividends
Dividends
15578440 usd
us-gaap Dividends
Dividends
13478961 usd
us-gaap Undistributed Earnings
UndistributedEarnings
2280913 usd
us-gaap Undistributed Earnings
UndistributedEarnings
1221684 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52266444 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52227504 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3648 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52266444 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52231152 shares

Files In Submission

Name View Source Status
0001628280-24-047234-index-headers.html Edgar Link pending
0001628280-24-047234-index.html Edgar Link pending
0001628280-24-047234.txt Edgar Link pending
0001628280-24-047234-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lft10-q20240930_ex31x1.htm Edgar Link pending
lft10-q20240930_ex31x2.htm Edgar Link pending
lft10-q20240930_ex32x1.htm Edgar Link pending
lft10-q20240930_ex32x2.htm Edgar Link pending
MetaLinks.json Edgar Link pending
oaks-20240930.htm Edgar Link pending
oaks-20240930.xsd Edgar Link pending
oaks-20240930_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
oaks-20240930_cal.xml Edgar Link unprocessable
oaks-20240930_def.xml Edgar Link unprocessable
oaks-20240930_lab.xml Edgar Link unprocessable
oaks-20240930_pre.xml Edgar Link unprocessable
oaks-20240930_htm.xml Edgar Link completed
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
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
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.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