Quarterly report pursuant to Section 13 or 15(d)

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

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RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Details) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Related Party Transactions [Abstract]    
Average total assets subject to base management fee $ 923,600 $ 786,200
Multiplied by prorated annual base management fee of 2.0% 0.50% 0.50%
Base management fee [1] $ 4,618 $ 3,931
Credits to fees from Adviser - other (627) (1,275)
Net base management fee 3,991 2,656
Loan servicing fee [1] 2,222 2,172
Credits to base management fee – loan servicing fee (2,222) (2,172)
Net loan servicing fee 0 0
Incentive fee – income-based 0 2,127
Incentive fee – capital gains-based (3,788) 67
Total incentive fee (3,788) 2,194
Credits to fees from Adviser - other 0 0
Net total incentive fee [1] $ (3,788) $ 2,194
Base management fee 2.00% 2.00%
[1] Refer to Note 4 — Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for additional information.