Variable Interest Entities ("VIEs")

12 Months Ended

Dec. 31, 2021

Variable Interest Entity Disclosure [Abstract]

Variable Interest Entities (VIEs)

Variable Interest Entities (“VIEs”)

Our maximum risk of loss in VIEs in which we are not the primary beneficiary at December 31, 2021 is presented in the table below.

$ in thousands	Carrying Amount	Company's Maximum Risk of Loss
Non-Agency CMBS	62,909	62,909
Non-Agency RMBS	9,070	9,070
Investments in unconsolidated ventures	12,476	12,476
Total	84,455	84,455

Refer to Note 4 - “Mortgage-Backed and Credit Risk Transfer Securities” and Note 5 - “Other Assets” for additional details regarding these investments.