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Other Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2024
Other Assets And Liabilities Disclosure [Abstract]  
Summary of Components of Other Assets
The following table details the components of our other assets ($ in thousands):
 December 31, 2024December 31, 2023
Accrued interest receivable$160,131 $214,835 
Accounts receivable and other assets(1)
134,030 2,420 
Loan portfolio payments held by servicer(2)
113,199 152,423 
Real estate intangible assets, net77,289 — 
Derivative assets72,454 1,890 
Other real estate assets
9,338 — 
Collateral deposited under derivative agreements4,810 103,500 
Prepaid expenses1,002 1,020 
Total$572,253 $476,088 
(1)Includes $95.5 million of cash collateral held by our CLOs that will be subsequently remitted by the trustee to repay a portion of the outstanding senior CLO securities.
(2)Primarily represents loan principal held by our third-party loan servicer as of the balance sheet date that were remitted to us during the subsequent remittance cycle.
Summary of Components of Other Liabilities
The following table details the components of our other liabilities ($ in thousands):
 December 31, 2024December 31, 2023
Accrued dividends payable$81,214 $107,390 
Accrued interest payable77,855 97,820 
Other real estate liabilities
72,018 — 
Accrued management and incentive fees payable18,534 26,342 
Accounts payable and other liabilities13,834 7,265 
Current expected credit loss reserves for unfunded loan commitments(1)
10,412 15,371 
Derivative liabilities5,238 94,817 
Secured debt repayments pending servicer remittance(2)
3,742 13,526 
Total$282,847 $362,531 
(1)Represents the CECL reserve related to our unfunded loan commitments. See Note 2 for further discussion of the CECL reserves.
(2)Represents pending transfers from our third-party loan servicer that were remitted to our banking counterparties during the subsequent remittance cycle.