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Loans - Ratings (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended
Apr. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
item
Jun. 30, 2019
USD ($)
item
Jun. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
Investments in loans          
Total gross loans   $ 10,384,421 $ 10,384,421   $ 9,833,405
Total gross loans (as a percent)   100.00% 100.00%   100.00%
Allowance for impaired loans   $ 29,900 $ 29,900    
Unamortized discount   7,000 7,000    
Provision for impaired loans       $ 29,852  
Average recorded investment   172,900 186,000    
Carrying amount of loans 90 days or more past due   29,200 29,200    
Unfunded commitment   4,600 4,600    
TDRs for which interest income was recognized   0 0    
New York City          
Investments in loans          
Allowance for impaired loans   21,600 21,600    
Greater Chicago          
Investments in loans          
Allowance for impaired loans   $ 8,300 $ 8,300    
Number of impaired individual mortgage loans held-for-investment | item   2 2    
Recorded investment   $ 12,200 $ 12,200    
Unpaid principal balance   12,000 12,000    
Montgomery, Alabama          
Investments in loans          
Recorded investment   9,000 9,000    
Unpaid principal balance   20,900 20,900    
Unamortized discount   3,600 3,600    
Montgomery, Alabama | Maximum          
Investments in loans          
Allowance for impaired loans   8,300 8,300    
Orlando, Florida          
Investments in loans          
Recorded investment $ 18,500        
Unpaid principal balance 21,900        
Unamortized discount 3,400        
Provision for impaired loans $ 0        
Rating 1          
Investments in loans          
Total gross loans   $ 24,076 $ 24,076   $ 30,305
Total gross loans (as a percent)   0.20% 0.20%   0.30%
Rating 1 | Maximum          
Investments in loans          
LTV (as a percent)   65.00% 65.00%    
Rating 2          
Investments in loans          
Total gross loans   $ 3,520,234 $ 3,520,234   $ 3,549,546
Total gross loans (as a percent)   33.90% 33.90%   36.10%
Rating 2 | Maximum          
Investments in loans          
LTV (as a percent)   70.00% 70.00%    
Rating 3          
Investments in loans          
Total gross loans   $ 3,676,489 $ 3,676,489   $ 3,334,111
Total gross loans (as a percent)   35.40% 35.40%   33.90%
Rating 3 | Maximum          
Investments in loans          
LTV (as a percent)   80.00% 80.00%    
Rating 4          
Investments in loans          
Total gross loans         $ 63,094
Total gross loans (as a percent)         0.60%
Allowance for loan losses as a percent of carrying amount     1.50%    
Rating 4 | Minimum          
Investments in loans          
LTV (as a percent)   80.00% 80.00%    
Rating 4 | Maximum          
Investments in loans          
LTV (as a percent)   90.00% 90.00%    
Rating 5          
Investments in loans          
Total gross loans   $ 60,637 $ 60,637    
Total gross loans (as a percent)   0.60% 0.60%    
Allowance for loan losses as a percent of carrying amount     5.00%    
Rating 5 | Minimum          
Investments in loans          
LTV (as a percent)   90.00% 90.00%    
N/A          
Investments in loans          
Total gross loans   $ 1,515,664 $ 1,515,664   $ 1,668,797
Total gross loans (as a percent)   14.60% 14.60%   17.00%
Total          
Investments in loans          
Total gross loans   $ 8,797,100 $ 8,797,100   $ 8,645,853
Unsecured promissory note | New York City          
Investments in loans          
Allowance for impaired loans   0 0    
Recorded investment   6,700 6,700    
Unpaid principal balance   7,400 7,400    
First Mortgage Loan and Mezzanine Loan | New York City          
Investments in loans          
Accrued interest     38,400    
Amount of loan impairment charges on individual loans held-for-investment     21,600    
Recorded investment   139,600 139,600    
Unpaid principal balance   110,100 110,100    
Total loans held-for-investment          
Investments in loans          
Total gross loans   8,797,100 8,797,100   8,571,507
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Rating 1          
Investments in loans          
Total gross loans   812 812   6,538
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Rating 2          
Investments in loans          
Total gross loans   3,316,307 3,316,307   3,356,342
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Rating 3          
Investments in loans          
Total gross loans   3,361,878 3,361,878   2,987,296
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Rating 4          
Investments in loans          
Total gross loans         63,094
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Rating 5          
Investments in loans          
Total gross loans   60,637 60,637    
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | N/A          
Investments in loans          
Total gross loans   139,614 139,614   193,847
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Total          
Investments in loans          
Total gross loans   6,879,248 6,879,248   6,607,117
Total loans held-for-investment | First Priority Infrastructure Loans | N/A          
Investments in loans          
Total gross loans   1,356,511 1,356,511   1,456,779
Total loans held-for-investment | First Priority Infrastructure Loans | Total          
Investments in loans          
Total gross loans   1,356,511 1,356,511   1,456,779
Total loans held-for-investment | Subordinated mortgages          
Investments in loans          
Total gross loans   52,926 52,926   52,778
Total loans held-for-investment | Subordinated mortgages | Rating 2          
Investments in loans          
Total gross loans   38,017 38,017   7,392
Total loans held-for-investment | Subordinated mortgages | Rating 3          
Investments in loans          
Total gross loans   2,933 2,933   33,410
Total loans held-for-investment | Subordinated mortgages | N/A          
Investments in loans          
Total gross loans   11,976 11,976   11,976
Total loans held-for-investment | Subordinated mortgages | Total          
Investments in loans          
Total gross loans   52,926 52,926   52,778
Total loans held-for-investment | Mezzanine Loans          
Investments in loans          
Total gross loans   446,484 446,484   393,832
Total loans held-for-investment | Mezzanine Loans | Rating 2          
Investments in loans          
Total gross loans   165,910 165,910   111,466
Total loans held-for-investment | Mezzanine Loans | Rating 3          
Investments in loans          
Total gross loans   280,574 280,574   282,366
Total loans held-for-investment | Mezzanine Loans | Total          
Investments in loans          
Total gross loans   446,484 446,484   393,832
Total loans held-for-investment | Other          
Investments in loans          
Total gross loans   61,931 61,931   61,001
Total loans held-for-investment | Other | Rating 1          
Investments in loans          
Total gross loans   23,264 23,264   23,767
Total loans held-for-investment | Other | Rating 3          
Investments in loans          
Total gross loans   31,104 31,104   31,039
Total loans held-for-investment | Other | N/A          
Investments in loans          
Total gross loans   7,563 7,563   6,195
Total loans held-for-investment | Other | Total          
Investments in loans          
Total gross loans   61,931 61,931   $ 61,001
Loans held-for-sale          
Investments in loans          
Total gross loans   $ 1,587,321 $ 1,587,321    
Total gross loans (as a percent)   15.30% 15.30%   12.10%
Loans held-for-sale | Total          
Investments in loans          
Total gross loans         $ 1,187,552
Loans held-for-sale, residential          
Investments in loans          
Total gross loans   $ 1,156,778 $ 1,156,778   623,660
Carrying amount of loans 90 days or more past due   4,500 4,500    
Loans held-for-sale, commercial          
Investments in loans          
Total gross loans   215,620 215,620   94,117
Loans Held For Sale Infrastructure          
Investments in loans          
Total gross loans   214,923 214,923   469,775
Carrying amount of loans 90 days or more past due   $ 36,200 $ 36,200    
Loans transferred as secured borrowings          
Investments in loans          
Total gross loans         74,346
Loans transferred as secured borrowings | Rating 2          
Investments in loans          
Total gross loans         74,346
Loans transferred as secured borrowings | Total          
Investments in loans          
Total gross loans         $ 74,346