Gabe Wasserman

“So the loan on nonaccrual, which was placed on nonaccrual in Q425 sponsorship, is still looking to raise equity to recapitalize that project. And we are working with them closely to try to support them in those efforts and help them raise equity and make introductions.”

“Yeah, everyone is current on all their obligations under their loans, and we continue to have active asset management and monitor all of our investments and work with our partners to understand that they're meeting their milestones and their business plans.”

“Not sure when we got cut out, but, you know, we're actively working with all of our partners to understand when loans may be repaid and then working internally on evaluated alternative investment options when that capital comes back or alternatively talking with them about refinancing options.”

“I can take the first part of that question, and others can weigh in as well. Since we founded the company in 2017, we've had a rigorous risk management process.”

“So in the fourth quarter, most of the allowance is really driven by Moody's, which is the service provider that we use to help us model out and project future losses.”