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Loans - Activity in Portfolio (Details)
$ in Thousands
1 Months Ended 12 Months Ended
Dec. 31, 2023
USD ($)
power_plant
May 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
May 31, 2022
USD ($)
Feb. 28, 2022
USD ($)
Dec. 31, 2023
USD ($)
power_plant
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Apr. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Activity in allowance for loan losses                    
Credit loss allowance at beginning of the period           $ 99,413        
Credit loss (reversal) provision, net           232,712 $ 49,049 $ 4,633    
Credit loss allowance at the end of the period $ 309,039   $ 99,413     309,039 99,413      
Activity in loan portfolio                    
Balance at the beginning of the period           21,186,033 18,413,649 12,139,908    
Acquisitions/originations/additional funding           3,474,242 10,178,734 13,990,579    
Capitalized interest           125,747 124,150 119,136    
Basis of loans sold           (866,104) (4,253,551) (4,176,868)    
Loan maturities/principal repayments           (3,647,171) (2,258,630) (4,197,809)    
Discount accretion/premium amortization           67,112 62,557 57,948    
Changes in fair value           62,702 (346,222) 69,050    
Foreign currency translation gain (loss), net           153,472 (306,946) (72,130)    
Credit loss provision, net           (232,712) (49,049) (4,633)    
Loan foreclosure, equity control and conversion to equity interest           (102,774) (290,311) (36,308)    
Transfer to/from other asset/liability classifications or between segments           (661) (88,348) 524,776    
Balance at the end of the period 20,219,886   21,186,033     20,219,886 21,186,033 18,413,649    
Carrying Value 20,528,925   21,285,446     20,528,925 21,285,446      
Texas Mezzanine Borrower                    
Activity in loan portfolio                    
Net consideration transferred       $ 50,200            
90 days or greater past due | Non-Credit Deterioration                    
Activity in loan portfolio                    
Carrying Value $ 488,900         $ 488,900        
Past due loan converted to equity interests                   $ 7,300
Chicago                    
Activity in allowance for loan losses                    
Number of natural gas power plants | power_plant 2         2        
Unfunded commitments                    
Activity in allowance for loan losses                    
Credit loss allowance at beginning of the period           $ 9,873 6,837 6,070    
Credit loss (reversal) provision, net           1,055 3,036 767    
Credit loss allowance at the end of the period $ 10,928   9,873     10,928 9,873 6,837    
Unfunded commitments 1,346,445         1,346,445        
Activity in loan portfolio                    
Credit loss provision, net           (1,055) (3,036) (767)    
HTM Preferred Intrests                    
Activity in allowance for loan losses                    
Credit loss allowance at beginning of the period           0 0 0    
Credit loss (reversal) provision, net           1,548 0 0    
Credit loss allowance at the end of the period 1,548   0     1,548 0 0    
Unfunded commitments 8,282         8,282        
Activity in loan portfolio                    
Credit loss provision, net           (1,548) 0 0    
CMBS                    
Activity in allowance for loan losses                    
Credit loss allowance at beginning of the period           52 0 0    
Credit loss (reversal) provision, net           22 52 0    
Credit loss allowance at the end of the period 74   52     74 52 0    
Unfunded commitments 34,743         34,743        
Activity in loan portfolio                    
Credit loss provision, net           (22) (52) 0    
Residential Loans | Commercial and Residential Lending Segment                    
Activity in loan portfolio                    
Face amount           0 1,057,013 216,827    
Residential Loans | Agency-Eligible Residential Loan | Commercial and Residential Lending Segment                    
Activity in loan portfolio                    
Face amount         $ 745,000   745,000      
Contingency expense             88,400      
Total loans held-for-investment                    
Activity in allowance for loan losses                    
Credit loss allowance at beginning of the period           99,413        
Credit loss allowance at the end of the period 309,039   99,413     309,039 99,413      
Activity in loan portfolio                    
Carrying Value 17,883,288   18,500,852     17,883,288 18,500,852      
Total loans held-for-investment | First mortgage loan participation                    
Activity in loan portfolio                    
Carrying Value 14,956,646   15,562,452     14,956,646 15,562,452      
Loans under fair value option                    
Activity in allowance for loan losses                    
Credit loss (reversal) provision, net           0 0 0    
Credit loss allowance at the end of the period 0         0        
Activity in loan portfolio                    
Balance at the beginning of the period           2,784,594 2,876,800 1,052,835    
Acquisitions/originations/additional funding           757,355 4,634,722 5,351,034    
Capitalized interest           172 508 2,650    
Basis of loans sold           (813,104) (4,216,618) (3,856,736)    
Loan maturities/principal repayments           (185,884) (193,105) (352,711)    
Discount accretion/premium amortization           0 0 504    
Changes in fair value           62,702 (343,053) 67,864    
Foreign currency translation gain (loss), net           0 0 0    
Credit loss provision, net           0 0 0    
Loan foreclosure, equity control and conversion to equity interest           (929) 0 0    
Transfer to/from other asset/liability classifications or between segments           40,731 25,340 611,360    
Balance at the end of the period 2,645,637   2,784,594     2,645,637 2,784,594 2,876,800    
Carrying Value 2,645,637   2,784,594     2,645,637 2,784,594      
Funded commitments                    
Activity in allowance for loan losses                    
Credit loss allowance at beginning of the period           99,413 67,270 77,444    
Credit loss (reversal) provision, net           232,712 49,049 4,633    
Charge-offs           (23,086) (16,906) (14,807)    
Transfers               0    
Credit loss allowance at the end of the period 309,039   99,413     309,039 99,413 67,270    
Charge-offs           23,086 16,906 14,807    
Activity in loan portfolio                    
Credit loss provision, net           (232,712) (49,049) (4,633)    
Commercial Portfolio Segment                    
Activity in allowance for loan losses                    
Credit loss allowance at the end of the period 298,775         298,775        
Activity in loan portfolio                    
Carrying Value 15,377,364         15,377,364        
Commercial Portfolio Segment | Credit deteriorated                    
Activity in allowance for loan losses                    
Credit loss allowance at the end of the period 4,925         4,925        
Activity in loan portfolio                    
Carrying Value 4,925         4,925        
Commercial Portfolio Segment | Senior Loans | Chicago                    
Activity in loan portfolio                    
Loan foreclosure, equity control and conversion to equity interest   $ (41,100)                
Commercial Portfolio Segment | Senior Loans | California                    
Activity in loan portfolio                    
Loan converted to equity interest     223,800              
Commercial Portfolio Segment | Senior Loans | New York | 90 days or greater past due | Non-Credit Deterioration                    
Activity in loan portfolio                    
Carrying Value 9,200         9,200        
Commercial Portfolio Segment | Mortgage Loan And Mezzanine Loan | Pacific Northwest                    
Activity in loan portfolio                    
Loan foreclosure, equity control and conversion to equity interest (60,800)                  
Commercial Portfolio Segment | Total loans held-for-investment                    
Activity in allowance for loan losses                    
Credit loss allowance at beginning of the period           88,801        
Credit loss (reversal) provision, net           222,266 42,201 (7,947)    
Credit loss allowance at the end of the period 298,775   88,801     298,775 88,801      
Activity in loan portfolio                    
Balance at the beginning of the period           16,048,507 13,450,198 9,583,949    
Acquisitions/originations/additional funding           1,713,979 4,882,414 7,822,441    
Capitalized interest           125,057 121,500 112,178    
Basis of loans sold           (53,000) (10,109) (307,454)    
Loan maturities/principal repayments           (2,596,738) (1,764,638) (3,508,969)    
Discount accretion/premium amortization           53,418 52,939 52,416    
Changes in fair value           0 0 0    
Foreign currency translation gain (loss), net           152,869 (304,051) (71,419)    
Credit loss provision, net           (222,266) (42,201) 7,947    
Loan foreclosure, equity control and conversion to equity interest           (101,845) (273,929) (36,308)    
Transfer to/from other asset/liability classifications or between segments           (41,392) (63,616) (204,583)    
Balance at the end of the period 15,078,589   16,048,507     15,078,589 16,048,507 13,450,198    
Carrying Value 15,377,364   16,137,308     15,377,364 16,137,308      
Commercial Portfolio Segment | Funded commitments                    
Activity in allowance for loan losses                    
Credit loss allowance at beginning of the period           88,801 46,600 69,611    
Credit loss (reversal) provision, net           222,266 42,201 (7,947)    
Charge-offs           (12,292) 0 (14,807)    
Transfers               (257)    
Credit loss allowance at the end of the period 298,775   88,801     298,775 88,801 46,600    
Charge-offs           12,292 0 14,807    
Activity in loan portfolio                    
Credit loss provision, net           (222,266) (42,201) 7,947    
Commercial Portfolio Segment | Funded commitments | Chicago                    
Activity in allowance for loan losses                    
Charge-offs               (7,000)    
Charge-offs               7,000    
Commercial Portfolio Segment | Funded commitments | New York                    
Activity in allowance for loan losses                    
Charge-offs               (7,800)    
Charge-offs               7,800    
Commercial Portfolio Segment | Unfunded Loan Commitment, Loans Held-For-Investment                    
Activity in allowance for loan losses                    
Credit loss allowance at beginning of the period           9,749 6,692 5,258    
Credit loss (reversal) provision, net           (1,007) 3,057 1,434    
Credit loss allowance at the end of the period 8,742   9,749     8,742 9,749 6,692    
Unfunded commitments 1,237,874         1,237,874        
Activity in loan portfolio                    
Credit loss provision, net           1,007 (3,057) (1,434)    
Infrastructure Portfolio Segment                    
Activity in allowance for loan losses                    
Credit loss allowance at the end of the period 10,264         10,264        
Activity in loan portfolio                    
Carrying Value 2,505,924         2,505,924        
Infrastructure Portfolio Segment | Infrastructure Loans | Chicago | Credit deteriorated                    
Activity in allowance for loan losses                    
Charge-offs           (10,800)        
Charge-offs           10,800        
Infrastructure Portfolio Segment | Senior Loans | Chicago | Credit deteriorated                    
Activity in loan portfolio                    
Carrying Value 4,900         4,900        
Infrastructure Portfolio Segment | Senior Loans | Massachusetts                    
Activity in loan portfolio                    
Loan converted to equity interest     16,400              
Infrastructure Portfolio Segment | Total loans held-for-investment                    
Activity in allowance for loan losses                    
Credit loss allowance at beginning of the period           10,612        
Credit loss (reversal) provision, net           10,446 6,848 12,580    
Credit loss allowance at the end of the period 10,264   10,612     10,264 10,612      
Activity in loan portfolio                    
Balance at the beginning of the period           2,352,932 2,027,426 1,412,440    
Acquisitions/originations/additional funding           1,002,908 661,598 817,104    
Capitalized interest           518 503 0    
Basis of loans sold           0 (26,824) (12,678)    
Loan maturities/principal repayments           (864,549) (293,264) (304,878)    
Discount accretion/premium amortization           13,694 9,618 5,028    
Changes in fair value           0 0 0    
Foreign currency translation gain (loss), net           603 (2,895) (711)    
Credit loss provision, net           (10,446) (6,848) (12,580)    
Loan foreclosure, equity control and conversion to equity interest           0 (16,382) 0    
Transfer to/from other asset/liability classifications or between segments           0 0 123,701    
Balance at the end of the period 2,495,660   2,352,932     2,495,660 2,352,932 2,027,426    
Carrying Value 2,505,924   2,363,544     2,505,924 2,363,544      
Infrastructure Portfolio Segment | Funded commitments                    
Activity in allowance for loan losses                    
Credit loss allowance at beginning of the period           10,612 20,670 7,833    
Credit loss (reversal) provision, net           10,446 6,848 12,580    
Charge-offs           (10,794) (16,906) 0    
Transfers               257    
Credit loss allowance at the end of the period 10,264   10,612     10,264 10,612 20,670    
Charge-offs           10,794 16,906 0    
Activity in loan portfolio                    
Credit loss provision, net           (10,446) (6,848) (12,580)    
Infrastructure Portfolio Segment | Unfunded Loan Commitment, Loans Held-For-Investment                    
Activity in allowance for loan losses                    
Credit loss allowance at beginning of the period           72 145 812    
Credit loss (reversal) provision, net           492 (73) (667)    
Credit loss allowance at the end of the period 564   72     564 72 145    
Unfunded commitments 65,546         65,546        
Activity in loan portfolio                    
Credit loss provision, net           (492) 73 667    
Residential Portfolio Segment | 90 days or greater past due | Non-Credit Deterioration                    
Activity in loan portfolio                    
Carrying Value 67,600         67,600        
Residential Portfolio Segment | Residential Loans                    
Activity in loan portfolio                    
Loan foreclosure, equity control and conversion to equity interest           (900)        
Residential Portfolio Segment | First mortgage loan participation | New York                    
Activity in loan portfolio                    
Carrying Value                 $ 29,000  
Residential Portfolio Segment | Total loans held-for-investment                    
Activity in allowance for loan losses                    
Credit loss (reversal) provision, net           0 0 0    
Activity in loan portfolio                    
Balance at the beginning of the period           0 59,225 90,684    
Acquisitions/originations/additional funding           0 0 0    
Capitalized interest           0 1,639 4,308    
Basis of loans sold           0 0 0    
Loan maturities/principal repayments           0 (7,623) (31,251)    
Discount accretion/premium amortization           0 0 0    
Changes in fair value           0 (3,169) 1,186    
Foreign currency translation gain (loss), net           0 0 0    
Credit loss provision, net           0 0 0    
Loan foreclosure, equity control and conversion to equity interest           0 0 0    
Transfer to/from other asset/liability classifications or between segments           0 (50,072) (5,702)    
Balance at the end of the period $ 0   $ 0     $ 0 $ 0 $ 59,225