2024 Q1 Form 10-K Financial Statement
#000145247724000011 Filed on February 20, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $9.362M | $18.92M | $38.24M |
YoY Change | 0.16% | 13.1% | -0.33% |
Cost Of Revenue | $9.753M | $9.998M | $37.82M |
YoY Change | 11.26% | 17.5% | 72.78% |
Gross Profit | $8.282M | $8.920M | $33.93M |
YoY Change | 0.08% | 8.54% | -0.5% |
Gross Profit Margin | 88.46% | 47.15% | 88.75% |
Selling, General & Admin | $1.013M | $1.236M | $4.915M |
YoY Change | 27.26% | 67.03% | 20.47% |
% of Gross Profit | 12.23% | 13.86% | 14.48% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $368.0K | $294.0K | $604.0K |
YoY Change | |||
% of Gross Profit | 4.44% | 3.3% | 1.78% |
Operating Expenses | $2.401M | $2.419M | $6.712M |
YoY Change | 431.19% | 66.6% | 6.34% |
Operating Profit | $5.881M | $6.501M | $27.22M |
YoY Change | -24.82% | -3.92% | -2.05% |
Interest Expense | $8.673M | $33.52M | |
YoY Change | 12.72% | 90.12% | |
% of Operating Profit | 147.47% | 123.14% | |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $5.236M | $5.942M | $25.93M |
YoY Change | -33.07% | -12.18% | -6.58% |
Income Tax | $3.000K | -$103.0K | -$38.00K |
% Of Pretax Income | 0.06% | -1.73% | -0.15% |
Net Earnings | $5.233M | $6.045M | $25.97M |
YoY Change | -32.94% | -10.58% | -6.06% |
Net Earnings / Revenue | 55.9% | 31.95% | 67.91% |
Basic Earnings Per Share | $0.35 | $1.76 | |
Diluted Earnings Per Share | $0.35 | $0.41 | $1.76 |
COMMON SHARES | |||
Basic Shares Outstanding | 14.81M shares | 14.81M shares | 14.63M shares |
Diluted Shares Outstanding | 14.68M shares | 14.63M shares |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $93.30M | $87.86M | $87.86M |
YoY Change | 10.67% | 23.64% | 23.64% |
Cash & Equivalents | $93.30M | $87.86M | $87.86M |
Short-Term Investments | |||
Other Short-Term Assets | $2.459M | $2.537M | $2.537M |
YoY Change | 109.1% | -56.64% | -56.64% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $95.76M | $90.39M | $90.39M |
YoY Change | 12.03% | 17.53% | 17.53% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $602.0M | $641.1M | $641.1M |
YoY Change | -3.11% | -4.3% | -4.3% |
TOTAL ASSETS | |||
Total Short-Term Assets | $95.76M | $90.39M | $90.39M |
Total Long-Term Assets | $602.0M | $641.1M | $641.1M |
Total Assets | $697.7M | $731.5M | $731.5M |
YoY Change | -1.28% | -2.05% | -2.05% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.734M | $3.808M | $3.808M |
YoY Change | 14.47% | 100.11% | 100.11% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $157.1M | ||
YoY Change | |||
Total Short-Term Liabilities | $162.0M | $5.855M | $5.855M |
YoY Change | 2776.67% | 56.26% | 56.26% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $264.1M | $454.4M | $454.4M |
YoY Change | -39.06% | -3.63% | -3.63% |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $264.1M | $454.4M | $454.4M |
YoY Change | -39.06% | -3.63% | -3.63% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $162.0M | $5.855M | $5.855M |
Total Long-Term Liabilities | $264.1M | $454.4M | $454.4M |
Total Liabilities | $426.2M | $460.3M | $460.3M |
YoY Change | -2.93% | -3.15% | -3.15% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $76.89M | $71.66M | |
YoY Change | 43.73% | 37.04% | |
Common Stock | $239.7M | $239.5M | |
YoY Change | 0.46% | 0.39% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $271.6M | $271.2M | $271.2M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $697.7M | $731.5M | $731.5M |
YoY Change | -1.28% | -2.05% | -2.05% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $5.233M | $6.045M | $25.97M |
YoY Change | -32.94% | -10.58% | -6.06% |
Depreciation, Depletion And Amortization | $368.0K | $294.0K | $604.0K |
YoY Change | |||
Cash From Operating Activities | $4.724M | $5.330M | $20.27M |
YoY Change | -28.17% | 91.18% | 58.97% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $39.55M | $46.54M | $35.84M |
YoY Change | -21.31% | 67.41% | -142.64% |
Cash From Investing Activities | $39.55M | $46.54M | $35.84M |
YoY Change | -21.31% | 67.41% | -142.64% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $5.184M | $20.64M | |
YoY Change | 0.72% | 41.02% | |
Common Stock Issuance & Retirement, Net | $183.0K | ||
YoY Change | 33.58% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$38.84M | -24.55M | -$39.33M |
YoY Change | -10.94% | -31.74% | -133.88% |
NET CHANGE | |||
Cash From Operating Activities | $4.724M | 5.330M | $20.27M |
Cash From Investing Activities | $39.55M | 46.54M | $35.84M |
Cash From Financing Activities | -$38.84M | -24.55M | -$39.33M |
Net Change In Cash | $5.443M | 27.33M | $16.79M |
YoY Change | -58.89% | -608.9% | -62.5% |
FREE CASH FLOW | |||
Cash From Operating Activities | $4.724M | $5.330M | $20.27M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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|
271579000 | usd |
CY2023 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
1124000 | usd |
CY2023 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
183000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
|
3000 | usd |
CY2023 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
20639000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
271248000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
25965000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
27640000 | usd |
CY2023 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
4128000 | usd |
CY2022 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
10689000 | usd |
CY2023 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
-799000 | usd |
CY2022 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
0 | usd |
CY2023 | us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
3333000 | usd |
CY2022 | us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
3780000 | usd |
CY2023 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1405000 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1033000 | usd |
CY2023 | us-gaap |
Straight Line Rent
StraightLineRent
|
647000 | usd |
CY2022 | us-gaap |
Straight Line Rent
StraightLineRent
|
0 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
604000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
20270000 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
0 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1121000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1018000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
498000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
1921000 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-630000 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1625000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
12751000 | usd |
CY2023 | sevn |
Payments For Originations Of Mortgage Loans Held For Investments
PaymentsForOriginationsOfMortgageLoansHeldForInvestments
|
131679000 | usd |
CY2022 | sevn |
Payments For Originations Of Mortgage Loans Held For Investments
PaymentsForOriginationsOfMortgageLoansHeldForInvestments
|
200938000 | usd |
CY2023 | sevn |
Payments For Additional Originations Of Mortgage Loans Held For Investments
PaymentsForAdditionalOriginationsOfMortgageLoansHeldForInvestments
|
5416000 | usd |
CY2022 | sevn |
Payments For Additional Originations Of Mortgage Loans Held For Investments
PaymentsForAdditionalOriginationsOfMortgageLoansHeldForInvestments
|
16697000 | usd |
CY2023 | sevn |
Repayment Of Loan Held For Investment
RepaymentOfLoanHeldForInvestment
|
172283000 | usd |
CY2022 | sevn |
Repayment Of Loan Held For Investment
RepaymentOfLoanHeldForInvestment
|
133568000 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
|
1742000 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
|
0 | usd |
CY2023 | us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
1086000 | usd |
CY2022 | us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
0 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
35844000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-84067000 | usd |
CY2023 | sevn |
Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
|
123208000 | usd |
CY2022 | sevn |
Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
|
284867000 | usd |
CY2023 | sevn |
Repayments For Securities Sold Under Agreements To Repurchase
RepaymentsForSecuritiesSoldUnderAgreementsToRepurchase
|
141009000 | usd |
CY2022 | sevn |
Repayments For Securities Sold Under Agreements To Repurchase
RepaymentsForSecuritiesSoldUnderAgreementsToRepurchase
|
152121000 | usd |
CY2023 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
703000 | usd |
CY2022 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1885000 | usd |
CY2023 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
183000 | usd |
CY2022 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
137000 | usd |
CY2023 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
20639000 | usd |
CY2022 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
14636000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-39326000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
116088000 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
16788000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
44772000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
71067000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
26295000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
87855000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
71067000 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
32079000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
15710000 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
135000 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
134000 | usd |
CY2023 | us-gaap |
Transfer To Other Real Estate
TransferToOtherRealEstate
|
14800000 | usd |
CY2022 | us-gaap |
Transfer To Other Real Estate
TransferToOtherRealEstate
|
0 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
Actual results could differ from those estimates. Significant estimates in the accompanying consolidated financial statements include our allowance for credit losses and the fair value of financial instruments. | |
CY2023 | us-gaap |
Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
|
1 | |
CY2023 | us-gaap |
Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
|
<div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Allowance for Credit Losses. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On January 1, 2023, we adopted Accounting Standards Update, or ASU, No. 2016-13, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Financial Instruments - Credit Losses (Topic 326)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">: </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Measurement of Credit Losses on Financial Instruments</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, which replaces the “incurred loss” model for recognizing credit losses with a forward-looking “expected loss” model that generally will result in the earlier recognition of credit losses. The measurement of current expected credit losses, or CECL, is based upon historical experience, current conditions, and reasonable and supportable forecasts incorporating forward-looking information that affect the collectability of the reported amount. ASU No. 2016-13 is applicable to financial assets measured at amortized cost and off-balance sheet credit exposures, such as unfunded loan commitments. </span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The allowance for credit losses required under ASU No. 2016-13 is a valuation account that is deducted from the related loans’ amortized cost basis in our consolidated balance sheets. Our loans typically include commitments to fund incremental proceeds to borrowers over the life of the loan; these future funding commitments are also subject to the CECL model. The allowance for credit losses related to unfunded loan commitments is included in accounts payable, accrued liabilities and other liabilities in our consolidated balance sheets. </span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Given the lack of historical loss data related to our loan portfolio, we estimate our expected losses using an analytical model that considers the likelihood of default and loss given default for each individual loan. This analytical model incorporates data from a third party database with historical loan loss information for commercial mortgage-backed securities, or CMBS, and commercial real estate, or CRE, loans since 1998. We estimate the allowance for credit losses for our loan portfolio, including unfunded loan commitments, at the individual loan level. Significant inputs to the model include certain loan specific data, such as loan to value, or LTV, property type, geographic location, occupancy, vintage year, remaining loan term, net operating income, expected timing and amounts of future loan fundings, and macroeconomic forecast assumptions, including the performance of CRE assets, unemployment rates, interest rates and other factors. We utilize the model to estimate credit losses over a reasonable and supportable economic forecast period, followed by a straight-line reversion period to average historical losses. Average historical losses are established using a population of third party historical loss data that approximates our portfolio as of the measurement date. We evaluate the estimated allowance for each of our loans individually and we consider our internal loan risk rating as the primary credit quality indicator underlying our assessment.</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If a loan is determined to be collateral dependent (because the repayment of the loan is expected to be provided substantially through the operation or sale of the underlying collateral property) and the borrower is experiencing financial difficulties, but foreclosure is not probable, we may elect to apply a practical expedient to determine the loan's allowance for credit losses by comparing the collateral's fair value, less costs to sell, if applicable, to the amortized cost basis of the loan. For collateral-dependent loans for which foreclosure is probable, the related allowance for credit losses is determined using the fair value, less costs to sell, if applicable, of the collateral compared to the loan's amortized cost.</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Upon adoption of ASU No. 2016-13 using the modified retrospective transition method and, based on our loan portfolio, the then current economic environment and expectations for future conditions, we recorded a cumulative-effect adjustment reducing our cumulative net income in our consolidated balance sheets by $6,595, establishing an allowance for credit losses of $4,893 with respect to our then outstanding loans held for investment and increasing accounts payable, accrued liabilities and other liabilities by $1,702 with respect to our then unfunded loan commitments. No reserve for loan losses or allowance for credit losses was recognized within our consolidated financial statements prior to our adoption of ASU No. 2016-13.</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Concurrent with our adoption of ASU No. 2016-13, on January 1, 2023, we adopted ASU No. 2022-02, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, which eliminated the guidance for and recognitions of troubled debt restructurings for all entities that adopted ASU No. 2016-13. Instead, an entity must determine whether a modification results in a new loan or continuation of an existing loan under Accounting Standards Codification, or ASC, 310, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Receivables (Topic 310).</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> If a borrower is experiencing financial difficulty, enhanced disclosures are required. ASU No. 2022-02 also requires disclosure of current period gross write offs by year of origination. The adoption of ASU No. 2022-02 using the prospective transition method did not have a material impact on our consolidated financial statements. See Note 3 to our Consolidated Financial Statements included in Part IV, Item 15 of this 2023 Annual Report for further information regarding loan modifications.</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We evaluate the credit quality of each of our loans at least quarterly by assessing a variety of risk factors in relation to each loan and assigning a risk rating to each loan based on those factors. Factors considered in these evaluations include, but are not limited to, property type, geographic and local market dynamics, physical condition, leasing and tenant profile, projected cash flow, risk of loss, current LTV, debt yield, collateral performance, structure, exit plan and sponsorship. Loans are rated “1” (less risk) through “5” (greater risk) as defined below:</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">“1” lower risk—Criteria reflects a sponsor having a strong financial condition and low credit risk and our evaluation of management's experience; collateral performance exceeding performance metrics included in the business plan or credit underwriting; and the property demonstrating stabilized occupancy and/or market rates, resulting in strong current cash flow and net operating income and/or having a very low LTV. </span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">“2” average risk—Criteria reflects a sponsor having a stable financial condition and our evaluation of management's experience; collateral performance meeting or exceeding substantially all performance metrics included in the business plan or credit underwriting; and the property demonstrating improved occupancy at market rents, resulting in sufficient current cash flow and/or having a low LTV.</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">“3” acceptable risk—Criteria reflects a sponsor having a history of repaying loans at maturity and meeting its credit obligations and our evaluation of management's experience; collateral performance expected to meet performance metrics included in the business plan or credit underwriting; and the property having a moderate LTV. New loans and loans with a limited history will typically be assigned this rating and will be adjusted to other levels from time to time as appropriate.</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">“4” higher risk—Criteria reflects a sponsor having a history of unresolved missed or late payments, maturity extensions and difficulty timely fulfilling its credit obligations and our evaluation of management's experience; collateral performance failing to meet the business plan or credit underwriting; the existence of a risk of default possibly leading to a loss and/or potential weaknesses that deserve management’s attention; and/or the property having a high LTV.</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> “5” loss likely—Criteria reflects a very high risk of realizing a principal loss or having incurred a principal loss; a sponsor having a history of default payments, trouble fulfilling its credit obligations, deeds in lieu of foreclosures, and/or bankruptcies; collateral performance is significantly worse than performance metrics included in the business plan; loan covenants or performance milestones having been breached or not attained; timely exit via sale or refinancing being uncertain; and/or the property having a very high LTV.</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">See Note 3 for further information regarding our allowance for credit losses and our loan portfolio’s assessment under our internal risk rating policy.</span></div> | |
CY2023Q4 | sevn |
Real Estate Owned Gross
RealEstateOwnedGross
|
11393000 | usd |
CY2023Q4 | us-gaap |
Real Estate Owned Accumulated Depreciation
RealEstateOwnedAccumulatedDepreciation
|
115000 | usd |
CY2023Q4 | sevn |
Real Estate Owned Net
RealEstateOwnedNet
|
11278000 | usd |
CY2023Q4 | sevn |
Real Estate Owned Depreciation Expense
RealEstateOwnedDepreciationExpense
|
136000 | usd |
CY2023Q4 | sevn |
Real Estate Investment Accumulated Amortization
RealEstateInvestmentAccumulatedAmortization
|
458000 | usd |
CY2023Q4 | sevn |
Real Estate Investment Other Acquired Real Estate Leases
RealEstateInvestmentOtherAcquiredRealEstateLeases
|
4595000 | usd |
CY2023Q4 | sevn |
Real Estate Investment Accumulated Amortization
RealEstateInvestmentAccumulatedAmortization
|
458000 | usd |
CY2023Q4 | sevn |
Real Estate Investment Other Acquired Real Estate Leases Net
RealEstateInvestmentOtherAcquiredRealEstateLeasesNet
|
4137000 | usd |
CY2023Q4 | sevn |
Real Estate Lease Weighted Average Remaining Lease Term
RealEstateLeaseWeightedAverageRemainingLeaseTerm
|
P7Y4M24D | |
CY2023Q4 | sevn |
Real Estate Acquired Amortization In Year Next Twelve Months
RealEstateAcquiredAmortizationInYearNextTwelveMonths
|
771000 | usd |
CY2023Q4 | sevn |
Real Estate Acquired Amortization In Year Two
RealEstateAcquiredAmortizationInYearTwo
|
594000 | usd |
CY2023Q4 | sevn |
Real Estate Acquired Amortization In Year Three
RealEstateAcquiredAmortizationInYearThree
|
493000 | usd |
CY2023Q4 | sevn |
Real Estate Acquired Amortization In Year Four
RealEstateAcquiredAmortizationInYearFour
|
493000 | usd |
CY2023Q4 | sevn |
Real Estate Acquired Amortization In Year Five
RealEstateAcquiredAmortizationInYearFive
|
466000 | usd |
CY2023Q4 | sevn |
Real Estate Acquired Amortization Thereafter
RealEstateAcquiredAmortizationThereafter
|
1320000 | usd |
CY2023 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
24 | loan |
CY2022 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
27 | loan |
CY2023Q4 | sevn |
Loans Held For Investment Commitments
LoansHeldForInvestmentCommitments
|
670293000 | usd |
CY2022Q4 | sevn |
Loans Held For Investment Commitments
LoansHeldForInvestmentCommitments
|
727562000 | usd |
CY2023Q4 | sevn |
Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
|
40401000 | usd |
CY2022Q4 | sevn |
Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
|
49007000 | usd |
CY2023Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
629892000 | usd |
CY2022Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
678555000 | usd |
CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
|
622086000 | usd |
CY2022Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
|
669929000 | usd |
CY2023Q4 | sevn |
Loans Receivable Weighted Average Coupon Rate Percentage
LoansReceivableWeightedAverageCouponRatePercentage
|
0.0919 | |
CY2022Q4 | sevn |
Loans Receivable Weighted Average Coupon Rate Percentage
LoansReceivableWeightedAverageCouponRatePercentage
|
0.0807 | |
CY2023Q4 | sevn |
Loans Receivable Average All In Yield Percentage
LoansReceivableAverageAllInYieldPercentage
|
0.0964 | |
CY2022Q4 | sevn |
Loans Receivable Average All In Yield Percentage
LoansReceivableAverageAllInYieldPercentage
|
0.0857 | |
CY2023Q4 | sevn |
Loans Receivable Weighted Average Libor Floor Percentage
LoansReceivableWeightedAverageLIBORFloorPercentage
|
0.0136 | |
CY2022Q4 | sevn |
Loans Receivable Weighted Average Libor Floor Percentage
LoansReceivableWeightedAverageLIBORFloorPercentage
|
0.0062 | |
CY2023 | sevn |
Loans Receivable Weighted Average Term Of Maturity
LoansReceivableWeightedAverageTermOfMaturity
|
P3Y | |
CY2022 | sevn |
Loans Receivable Weighted Average Term Of Maturity
LoansReceivableWeightedAverageTermOfMaturity
|
P3Y3M18D | |
CY2023Q4 | sevn |
Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
|
3.0 | |
CY2022Q4 | sevn |
Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
|
2.9 | |
CY2021Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
590590000 | usd |
CY2021Q4 | sevn |
Real Estate Companies Investment In Mortgage Loans On Real Estate Deferred Fees And Other Items
RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateDeferredFeesAndOtherItems
|
19810000 | usd |
CY2021Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
570780000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
17310000 | usd |
CY2022 | sevn |
Mortgage Loan Additional Funding Deferred Fees And Other Items
MortgageLoanAdditionalFundingDeferredFeesAndOtherItems
|
0 | usd |
CY2022 | sevn |
Mortgage Loan Additional Funding Net
MortgageLoanAdditionalFundingNet
|
17310000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
203244000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate Other Deductions
MortgageLoansOnRealEstateOtherDeductions
|
2306000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate Period Increase Decrease
MortgageLoansOnRealEstatePeriodIncreaseDecrease
|
200938000 | usd |
CY2022 | sevn |
Mortgage Loan Repayments Gross
MortgageLoanRepaymentsGross
|
132589000 | usd |
CY2022 | sevn |
Mortgage Loan Repayments Deferred Fees And Other Items
MortgageLoanRepaymentsDeferredFeesAndOtherItems
|
979000 | usd |
CY2022 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
133568000 | usd |
CY2022 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
3780000 | usd |
CY2022 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
3780000 | usd |
CY2022 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
10689000 | usd |
CY2022 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
10689000 | usd |
CY2022Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
678555000 | usd |
CY2022Q4 | sevn |
Real Estate Companies Investment In Mortgage Loans On Real Estate Deferred Fees And Other Items
RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateDeferredFeesAndOtherItems
|
8626000 | usd |
CY2022Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
669929000 | usd |
CY2023 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
5650000 | usd |
CY2023 | sevn |
Mortgage Loan Additional Funding Deferred Fees And Other Items
MortgageLoanAdditionalFundingDeferredFeesAndOtherItems
|
-14000 | usd |
CY2023 | sevn |
Mortgage Loan Additional Funding Net
MortgageLoanAdditionalFundingNet
|
5636000 | usd |
CY2023 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
133300000 | usd |
CY2023 | us-gaap |
Mortgage Loans On Real Estate Other Deductions
MortgageLoansOnRealEstateOtherDeductions
|
1621000 | usd |
CY2023 | us-gaap |
Mortgage Loans On Real Estate Period Increase Decrease
MortgageLoansOnRealEstatePeriodIncreaseDecrease
|
131679000 | usd |
CY2023 | sevn |
Mortgage Loan Repayments Gross
MortgageLoanRepaymentsGross
|
171748000 | usd |
CY2023 | sevn |
Mortgage Loan Repayments Deferred Fees And Other Items
MortgageLoanRepaymentsDeferredFeesAndOtherItems
|
535000 | usd |
CY2023 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
172283000 | usd |
CY2023 | sevn |
Mortgage Loans On Real Estate Transfer To Real Estate Owned Principal
MortgageLoansOnRealEstateTransferToRealEstateOwnedPrincipal
|
-15865000 | usd |
CY2023 | sevn |
Mortgage Loans On Real Estate Transfer To Real Estate Owned Deferred Fees And Other Items
MortgageLoansOnRealEstateTransferToRealEstateOwnedDeferredFeesAndOtherItems
|
-95000 | usd |
CY2023 | sevn |
Mortgage Loans On Real Estate Transfer To Real Estate Owned Amortized Cost
MortgageLoansOnRealEstateTransferToRealEstateOwnedAmortizedCost
|
15960000 | usd |
CY2023 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
3333000 | usd |
CY2023 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
3333000 | usd |
CY2023 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
4128000 | usd |
CY2023 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
4128000 | usd |
CY2023Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
629892000 | usd |
CY2023Q4 | sevn |
Real Estate Companies Investment In Mortgage Loans On Real Estate Deferred Fees And Other Items
RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateDeferredFeesAndOtherItems
|
3430000 | usd |
CY2023 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
24 | loan |
CY2023Q4 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
CY2022 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
27 | loan |
CY2022Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
669929000 | usd |
CY2022Q4 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
CY2023 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
24 | loan |
CY2023Q4 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
CY2022 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
27 | loan |
CY2022Q4 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
CY2023Q4 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
|
132204000 | usd |
CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
|
209580000 | usd |
CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
|
246130000 | usd |
CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
|
38548000 | usd |
CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
626462000 | usd |
CY2022 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
27 | loan |
CY2022Q4 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
CY2022Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
|
206022000 | usd |
CY2022Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
|
340818000 | usd |
CY2022Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
|
78448000 | usd |
CY2022Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
|
44641000 | usd |
CY2022Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
669929000 | usd |
CY2023 | us-gaap |
Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
|
88000 | usd |
CY2023Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
|
14800000 | usd |
CY2023Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
|
2880000 | usd |
CY2023Q2 | sevn |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Building And Building Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingAndBuildingImprovements
|
7325000 | usd |
CY2023Q2 | sevn |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Real Estate Leases
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRealEstateLeases
|
4595000 | usd |
CY2023Q4 | us-gaap |
Real Estate Investments Other
RealEstateInvestmentsOther
|
1352000 | usd |
CY2023Q4 | sevn |
Real Estate Investment Other Straight Line Rent Receivable
RealEstateInvestmentOtherStraightLineRentReceivable
|
647000 | usd |
CY2023Q4 | sevn |
Real Estate Owned Accrued Expenses And Other Liabilities
RealEstateOwnedAccruedExpensesAndOtherLiabilities
|
517000 | usd |
CY2023 | us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
647000 | usd |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
1743000 | usd |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
1925000 | usd |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
1824000 | usd |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
1892000 | usd |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
|
1868000 | usd |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
|
5957000 | usd |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
15209000 | usd |
CY2023 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
17421 | shares |
CY2022 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
13898 | shares |
CY2023 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
183000 | usd |
CY2022 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
137000 | usd |
CY2023 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.40 | |
CY2023 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
20639000 | usd |
CY2023 | sevn |
Common Stock Dividends Return Of Capital Percentage
CommonStockDividendsReturnOfCapitalPercentage
|
0 | |
CY2023 | sevn |
Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
|
1 | |
CY2023 | sevn |
Common Stock Dividends Qualified Dividend Percentage
CommonStockDividendsQualifiedDividendPercentage
|
0 | |
CY2022 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.00 | |
CY2022 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
14636000 | usd |
CY2022 | sevn |
Common Stock Dividends Return Of Capital Percentage
CommonStockDividendsReturnOfCapitalPercentage
|
0 | |
CY2022 | sevn |
Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
|
1 | |
CY2022 | sevn |
Common Stock Dividends Qualified Dividend Percentage
CommonStockDividendsQualifiedDividendPercentage
|
0 | |
CY2023Q4 | dei |
Entity Number Of Employees
EntityNumberOfEmployees
|
0 | employee |
CY2021Q1 | sevn |
Base Management Fee Percent Fee Annualized
BaseManagementFeePercentFeeAnnualized
|
0.015 | |
CY2021Q1 | sevn |
Base Management Fee Percent Fee Quarterly
BaseManagementFeePercentFeeQuarterly
|
0.00375 | |
CY2021Q1 | sevn |
Management Fee Incentive Fee Percentage
ManagementFeeIncentiveFeePercentage
|
0.20 | |
CY2021Q1 | sevn |
Management Fee Incentive Fee Percentage Annual
ManagementFeeIncentiveFeePercentageAnnual
|
0.07 | |
CY2023 | sevn |
Management Agreement Term
ManagementAgreementTerm
|
P1Y | |
CY2023 | sevn |
Management Agreement Termination Upon Written Notice Delivery Term
ManagementAgreementTerminationUponWrittenNoticeDeliveryTerm
|
P180D | |
CY2023 | sevn |
Management Agreement Termination Upon Written Notice Delivery Term
ManagementAgreementTerminationUponWrittenNoticeDeliveryTerm
|
P180D | |
CY2023 | sevn |
Management Agreement Termination Upon Written Notice Cause Event Term
ManagementAgreementTerminationUponWrittenNoticeCauseEventTerm
|
P30D | |
CY2023 | sevn |
Management Agreement Termination Fee Multiplier
ManagementAgreementTerminationFeeMultiplier
|
3 | |
CY2023 | sevn |
Management Agreement Termination Fee Calculation Period
ManagementAgreementTerminationFeeCalculationPeriod
|
P24M | |
CY2023 | sevn |
Management Agreement Termination Fee
ManagementAgreementTerminationFee
|
1600000 | usd |
CY2023 | sevn |
Management Agreement Formation Costs Included In Termination Fee
ManagementAgreementFormationCostsIncludedInTerminationFee
|
6680000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
25965000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
27640000 | usd |
CY2023 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
219000 | usd |
CY2022 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
193000 | usd |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
25746000 | usd |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
25746000 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
27447000 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
27447000 | usd |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14625000 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14625000 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14540000 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14540000 | shares |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.76 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.76 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.89 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.89 | |
CY2023Q4 | sevn |
Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
|
40401000 | usd |
CY2023Q4 | sevn |
Unspent Leasing Related Obligation
UnspentLeasingRelatedObligation
|
361000 | usd |
CY2021Q4 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Net
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateNet
|
570780000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
203244000 | usd |
CY2022 | sevn |
Mortgage Loan Additional Funding Net
MortgageLoanAdditionalFundingNet
|
17310000 | usd |
CY2022 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
10689000 | usd |
CY2022 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Amortization Of Deferred Fees
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateAmortizationOfDeferredFees
|
3780000 | usd |
CY2022 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
133568000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate Other Deductions
MortgageLoansOnRealEstateOtherDeductions
|
2306000 | usd |
CY2022Q4 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Net
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateNet
|
669929000 | usd |
CY2023 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
133300000 | usd |
CY2023 | sevn |
Mortgage Loan Additional Funding Net
MortgageLoanAdditionalFundingNet
|
5636000 | usd |
CY2023 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
4128000 | usd |
CY2023 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
3333000 | usd |
CY2023 | sevn |
Sec Schedule1228 Real Estate Companies Investment In Real Estate Allowance For Credit Losses Period Increase Decrease
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAllowanceForCreditLossesPeriodIncreaseDecrease
|
517000 | usd |
CY2023 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
172283000 | usd |
CY2023 | sevn |
Mortgage Loans On Real Estate Transfer To Real Estate Owned Amortized Cost
MortgageLoansOnRealEstateTransferToRealEstateOwnedAmortizedCost
|
15960000 | usd |
CY2023 | us-gaap |
Mortgage Loans On Real Estate Other Deductions
MortgageLoansOnRealEstateOtherDeductions
|
1621000 | usd |
CY2023Q4 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Net
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateNet
|
622086000 | usd |