XML 77 R63.htm IDEA: XBRL DOCUMENT v3.24.0.1
Loans - Held for Investment (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Investments in loans        
Carrying Value $ 20,528,925 $ 21,285,446    
Face Amount 20,934,221 21,734,785    
Credit loss allowances (309,039) (99,413)    
Total net loans 20,219,886 $ 21,186,033 $ 18,413,649 $ 12,139,908
Commercial Portfolio Segment        
Investments in loans        
Carrying Value 15,377,364      
Credit loss allowances (298,775)      
Infrastructure Portfolio Segment        
Investments in loans        
Carrying Value 2,505,924      
Credit loss allowances $ (10,264)      
Residential Portfolio Segment        
Investments in loans        
Weighted Average Life 27 years 9 months 18 days 28 years 9 months 18 days    
Loans held for investment        
Investments in loans        
Carrying Value $ 17,883,288 $ 18,500,852    
Face Amount 17,979,695 18,617,970    
Credit loss allowances (309,039) (99,413)    
Loans held for investment | Commercial Portfolio Segment        
Investments in loans        
Carrying Value 15,377,364 16,137,308    
Face Amount 15,429,451 16,222,208    
Credit loss allowances (298,775) (88,801)    
Total net loans 15,078,589 16,048,507 13,450,198 9,583,949
Loans held for investment | Infrastructure Portfolio Segment        
Investments in loans        
Carrying Value 2,505,924 2,363,544    
Face Amount $ 2,550,244 $ 2,395,762    
Weighted Average Life 3 years 10 months 24 days 3 years 10 months 24 days    
Credit loss allowances $ (10,264) $ (10,612)    
Total net loans 2,495,660 2,352,932 2,027,426 1,412,440
Loans held for investment | Residential Portfolio Segment        
Investments in loans        
Total net loans $ 0 $ 0 59,225 90,684
Loans held for investment | Weighted-average | Infrastructure Portfolio Segment        
Investments in loans        
Weighted Average Coupon 9.50% 8.60%    
Loans under fair value option        
Investments in loans        
Carrying Value $ 2,645,637 $ 2,784,594    
Face Amount 2,954,526 3,116,815    
Credit loss allowances 0      
Total net loans 2,645,637 2,784,594 $ 2,876,800 $ 1,052,835
Loans under fair value option | Residential, fair value option        
Investments in loans        
Carrying Value 2,604,594 2,763,458    
Face Amount 2,909,126 3,092,915    
Loans under fair value option | Commercial, fair value option        
Investments in loans        
Carrying Value 41,043 21,136    
Face Amount $ 45,400 $ 23,900    
Weighted Average Life 5 years 2 months 12 days 8 years 7 months 6 days    
Loans under fair value option | Weighted-average | Residential, fair value option        
Investments in loans        
Weighted Average Coupon 4.50% 4.50%    
Loans under fair value option | Weighted-average | Commercial, fair value option        
Investments in loans        
Weighted Average Coupon 5.50% 5.70%    
First Mortgages | Loans held for investment        
Investments in loans        
Carrying Value $ 14,956,646 $ 15,562,452    
Face Amount $ 15,005,827 $ 15,648,358    
Weighted Average Life 2 years 9 months 18 days 3 years 3 months 18 days    
First Mortgages | Loans held for investment | Weighted-average        
Investments in loans        
Weighted Average Coupon 9.00% 7.90%    
Subordinated Mortgages | Loans held for investment        
Investments in loans        
Carrying Value $ 76,560 $ 71,100    
Face Amount $ 76,882 $ 72,118    
Weighted Average Life 2 years 2 months 12 days 3 years 2 months 12 days    
Subordinated Mortgages | Loans held for investment | Weighted-average        
Investments in loans        
Weighted Average Coupon 14.80% 13.60%    
Mezzanine Loans        
Investments in loans        
Total net loans $ 1,000,000 $ 1,300,000    
Mezzanine Loans | Loans held for investment        
Investments in loans        
Carrying Value 273,146 445,363    
Face Amount $ 274,899 $ 442,339    
Weighted Average Life 2 years 8 months 12 days 1 year 10 months 24 days    
Mezzanine Loans | Loans held for investment | Weighted-average        
Investments in loans        
Weighted Average Coupon 13.70% 12.90%    
Other | Loans held for investment        
Investments in loans        
Carrying Value $ 71,012 $ 58,393    
Face Amount $ 71,843 $ 59,393    
Weighted Average Life 1 year 9 months 18 days 1 year 8 months 12 days    
Other | Loans held for investment | Weighted-average        
Investments in loans        
Weighted Average Coupon 9.60% 8.20%