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      "text": "Portfolio Funding Activity – Outstanding Principal (1) $5,777 $556 $5,221 3Q'19 Portfolio 4Q'19 Fundings 4Q'19 Repayments (3) 4Q'19 Portfolio 1Q'20 Fundings 1Q'20 Repayments 1Q'20 Portfolio 2Q'20 Fundings (4) 2Q'20 Repayments 2Q'20 Portfolio (5) 3Q'20 Fundings (4) 3Q'20 Repayments³) 3Q'20 Portfolio (5)",
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      "text": "(1) Includes capital committed to our investment in an aggregator vehicle that invests in CMBS.\n(2) Future funding obligations are generally contingent upon certain events and may not result in investment by us.\n(3) Includes $1.2 million and $65.0 million vertical loan syndications for 3Q'20 and 4Q'19, respectively.\n(4) Includes $1.4 million and $1.0 million PIK interest for 3Q'20 and 2Q'20, respectively.\n(5) Gross of write-off of $4.7 million on a $5.5 million mezzanine loan.",
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