XML 64 R53.htm IDEA: XBRL DOCUMENT v3.21.2
Loans - Held for Investment (Details) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Dec. 31, 2019
Investments in loans        
Carrying Value $ 15,534,090 $ 12,217,352    
Face Amount 15,552,428 12,262,840    
Credit loss allowances (57,573) (77,444)    
Total net loans 15,476,517 12,139,908 $ 11,931,325 $ 11,470,224
Loans held for investment        
Investments in loans        
Carrying Value 13,350,571 11,164,517    
Face Amount 13,430,893 11,230,344    
Credit loss allowances (57,573) (77,444)    
Loans held-for-sale        
Investments in loans        
Carrying Value 2,183,519 1,052,835    
Face Amount 2,121,535 1,032,496    
Total net loans 2,183,519 1,052,835 1,012,673 884,150
Commercial Portfolio Segment        
Investments in loans        
Carrying Value 11,561,011      
Commercial Portfolio Segment | Loans held for investment        
Investments in loans        
Carrying Value 11,561,011 9,653,560    
Face Amount 11,619,682 9,703,608    
Credit loss allowances (48,359) (69,611)    
Total net loans 11,512,652 9,583,949 9,118,177 8,517,054
Infrastructure Portfolio Segment        
Investments in loans        
Carrying Value 1,698,061      
Reclassification to held for investment 30,700      
Infrastructure Portfolio Segment | Loans held for investment        
Investments in loans        
Carrying Value 1,698,061 1,420,273    
Face Amount $ 1,719,931 $ 1,439,940    
Weighted Average Life 3 years 10 months 24 days 4 years 3 months 18 days    
Credit loss allowances $ (9,214) $ (7,833)    
Total net loans $ 1,688,847 $ 1,412,440 1,544,068 1,397,448
Infrastructure Portfolio Segment | Loans held for investment | Weighted-average        
Investments in loans        
Weighted Average Coupon 4.30% 4.40%    
Infrastructure Portfolio Segment | Loans held-for-sale        
Investments in loans        
Carrying Value $ 84,253 $ 120,540    
Face Amount $ 84,457 $ 120,900    
Weighted Average Life 1 year 6 months 3 years 2 months 12 days    
Infrastructure Portfolio Segment | Loans held-for-sale | Weighted-average        
Investments in loans        
Weighted Average Coupon 2.80% 3.10%    
Residential Portfolio Segment        
Investments in loans        
Weighted Average Life 29 years 6 months 27 years 10 months 24 days    
Reclassification to held for investment $ 94,200      
Reclassification to held-for-sale 94,900      
Residential Portfolio Segment | Loans held for investment        
Investments in loans        
Total net loans 91,499 $ 90,684 $ 256,407 $ 671,572
RMBS, fair value option | Loans held-for-sale        
Investments in loans        
Carrying Value 1,813,458 841,963    
Face Amount $ 1,758,342 $ 820,807    
RMBS, fair value option | Loans held-for-sale | Weighted-average        
Investments in loans        
Weighted Average Coupon 4.30% 6.00%    
CMBS, fair value option | Loans held-for-sale        
Investments in loans        
Carrying Value $ 285,808 $ 90,332    
Face Amount $ 278,736 $ 90,789    
Weighted Average Life 9 years 8 months 12 days 10 years    
CMBS, fair value option | Loans held-for-sale | Weighted-average        
Investments in loans        
Weighted Average Coupon 3.60% 3.90%    
First mortgage loan participation | Loans held for investment        
Investments in loans        
Carrying Value $ 10,984,936 $ 8,931,772    
Face Amount $ 11,043,211 $ 8,978,373    
Weighted Average Life 1 year 9 months 18 days 1 year 6 months    
First mortgage loan participation | Loans held for investment | Weighted-average        
Investments in loans        
Weighted Average Coupon 4.90% 5.30%    
Subordinated mortgages | Loans held for investment        
Investments in loans        
Carrying Value $ 81,159 $ 71,185    
Face Amount $ 82,916 $ 72,257    
Weighted Average Life 3 years 2 years 9 months 18 days    
Subordinated mortgages | Loans held for investment | Weighted-average        
Investments in loans        
Weighted Average Coupon 9.60% 8.80%    
Mezzanine Loans        
Investments in loans        
Total net loans $ 1,200,000 $ 877,300    
Mezzanine Loans | Loans held for investment        
Investments in loans        
Carrying Value 477,227 620,319    
Face Amount $ 474,105 $ 619,352    
Weighted Average Life 1 year 3 months 18 days 1 year 7 months 6 days    
Mezzanine Loans | Loans held for investment | Weighted-average        
Investments in loans        
Weighted Average Coupon 9.60% 10.10%    
Other | Loans held for investment        
Investments in loans        
Carrying Value $ 17,689 $ 30,284    
Face Amount $ 19,450 $ 33,626    
Weighted Average Life 2 years 3 months 18 days 1 year 9 months 18 days    
Other | Loans held for investment | Weighted-average        
Investments in loans        
Weighted Average Coupon 8.20% 8.90%    
Residential loans, fair value option | Loans held for investment        
Investments in loans        
Carrying Value $ 91,499 $ 90,684    
Face Amount $ 91,280 $ 86,796    
Residential loans, fair value option | Loans held for investment | Weighted-average        
Investments in loans        
Weighted Average Coupon 6.10% 6.00%    
Residential loans, fair value option | Residential Portfolio Segment | Loans held for investment        
Investments in loans        
Carrying Value $ 91,499