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Secured Borrowings - Narrative (Details)
$ in Thousands
1 Months Ended 12 Months Ended
Sep. 30, 2021
USD ($)
Jul. 31, 2021
USD ($)
hotel
Dec. 31, 2021
USD ($)
extension
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
May 31, 2021
USD ($)
Apr. 30, 2021
USD ($)
Aug. 31, 2019
USD ($)
Secured Borrowings                
Payment of debt     $ 11,929,179 $ 6,137,778 $ 8,671,085      
Principal amount of notes purchased by third-party investors   $ 210,100            
JPMorgan Chase Bank N.A.                
Secured Borrowings                
Amount at risk     $ 667,200          
Weighted average extended maturities     3 years 8 months 12 days          
Morgan Stanley Bank, N.A.                
Secured Borrowings                
Amount at risk     $ 660,400          
Weighted average extended maturities     3 years 9 months 18 days          
Revolving credit facility                
Secured Borrowings                
Maximum borrowing capacity $ 150,000   $ 150,000          
Increase in borrowing capacity $ 30,000              
RMBS                
Secured Borrowings                
Securitizations of loans   $ 230,000            
Number of hotels | hotel   41            
LIBOR | Revolving credit facility                
Secured Borrowings                
Decrease in basis spread 0.50%              
SOFR | Revolving credit facility                
Secured Borrowings                
Pricing margin 2.50%              
Secured Borrowings                
Secured Borrowings                
Amortization of deferred financing costs     35,600 36,400 34,300      
Long term debt, gross     $ 12,654,420 10,233,589        
Repurchase Agreements                
Secured Borrowings                
Percentage of repurchase agreements for which margin calls are limited to collateral specific credit marks     66.00%          
Percentage of repurchase agreements containing margin call provisions for general capital market activity     34.00%          
Percentage of repurchase agreements containing margin call provisions that pertain to loans held-for-sale     7.00%          
Woodstar Portfolio                
Secured Borrowings                
Proceeds from debt     $ 462,900          
Woodstar I Portfolio                
Secured Borrowings                
Payment of debt     222,000          
Maximum borrowing capacity     $ 380,000          
Maturity period     2 years          
Number of extension options | extension     3          
Extension term     1 year          
Interest rate cap strike percentage     1.00%          
Woodstar I Portfolio | LIBOR                
Secured Borrowings                
Pricing margin     2.11%          
Woodstar II Portfolio                
Secured Borrowings                
Maximum borrowing capacity     $ 82,900          
Maturity period     7 years          
Woodstar II Portfolio | LIBOR                
Secured Borrowings                
Pricing margin     4.36%          
Term Loan Facility                
Secured Borrowings                
Maximum borrowing capacity     $ 788,800          
Floor interest rate (as a percent) 0.75%   0.75%          
Increase in borrowing capacity $ 150,000              
Term Loan Facility | LIBOR                
Secured Borrowings                
Pricing margin 3.25%              
Decrease in basis spread 0.25%              
CLOs and SASB                
Secured Borrowings                
Amortization of deferred financing costs     $ 5,700 2,500 900      
Incurred debt issuance costs     26,900          
Deferred financing costs, net of amortization     17,700 5,800        
STWD 2021-FL2                
Secured Borrowings                
Principal amount of notes purchased by third-party investors           $ 1,100,000    
Amount issued           1,300,000    
Long term debt, gross           70,100    
Liquidation preference           $ 127,500    
Additional contribution to CLO     58,600          
STWD 2019-FL1                
Secured Borrowings                
Principal amount of notes purchased by third-party investors               $ 936,400
Amount issued               1,100,000
Long term debt, gross               86,600
Liquidation preference               $ 77,000
Additional contribution to CLO     261,900 $ 134,700 $ 88,100      
STWD 2021-SIF1                
Secured Borrowings                
Principal amount of notes purchased by third-party investors             $ 410,000  
Amount issued             500,000  
Liquidation preference             $ 90,000  
Additional contribution to CLO     $ 45,900