Loan Securitization/Sale Activities (Tables)

9 Months Ended

Sep. 30, 2023

Loan Securitization/Sale Activities

Schedule of Face Amount and Proceeds of Loans

The following summarizes the face amount and proceeds of commercial and residential loans securitized for the three and nine months ended September 30, 2023 and 2022 (amounts in thousands):

	Commercial Loans				Residential Loans
	Face Amount		Proceeds		Face Amount		Proceeds
For the Three Months Ended September 30,
2023	$	119,764	$	123,633	$	—	$	—
2022	33,000		30,957		—		—
For the Nine Months Ended September 30,
2023	$	292,651	$	294,951	$	—	$	—
2022	1,038,889		1,022,754		1,905,829		1,913,459

Schedule of Loans Sold

The following table summarizes our loans sold by the Commercial and Residential Lending Segment, net of expenses (amounts in thousands):

	Loan Transfers Accounted for as Sales
	Commercial Loans				Residential Loans
For the Three Months Ended September 30,	Face amount (1)		Proceeds (1)		Face Amount		Proceeds
2023	$	42,496	$	42,370	$	—	$	—
2022	63,656		64,539		1,152		1,141
For the Nine Months Ended September 30,
2023	$	95,496	$	95,282	$	—	$	—
2022	70,636		71,008		1,057,013		1,056,683

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(1)During the three and nine months ended September 30, 2023, we sold $42.5 million and $95.5 million, respectively, of mezzanine loans at par less costs to sell. During the three and nine months ended September 30, 2022, we sold $63.7 million of whole loan interests for proceeds of $64.5 million. During the nine months ended September 30, 2022, we also sold $7.0 million of senior interests in first mortgage loans for proceeds of $6.5 million.