Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Details)

v3.23.2
RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Details) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Related Party Transactions [Abstract]    
Average total assets subject to base management fee $ 786,200 $ 712,600
Multiplied by prorated annual base management fee of 2.0% 0.50% 0.50%
Base management fee [1] $ 3,931 $ 3,563
Credits to fees from Adviser - other (1,275) (750)
Net base management fee 2,656 2,813
Loan servicing fee [1] 2,172 1,758
Credits to base management fee – loan servicing fee (2,172) (1,758)
Net loan servicing fee 0 0
Incentive fee – income-based 2,127 2,076
Incentive fee – capital gains-based 67 933
Total incentive fee [1] 2,194 3,009
Credits to fees from Adviser - other 0 0
Net total incentive fee $ 2,194 $ 3,009
[1] Refer to Note 4 — Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for additional information.