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Secured Borrowings - Narrative (Details)
$ in Thousands
1 Months Ended 12 Months Ended
Feb. 28, 2022
USD ($)
Jan. 31, 2022
USD ($)
Jul. 31, 2021
USD ($)
hotel
Apr. 30, 2021
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
May 31, 2021
USD ($)
Aug. 31, 2019
USD ($)
Secured Borrowings                  
Principal amount of notes purchased by third-party investors     $ 210,100            
RMBS                  
Secured Borrowings                  
Securitizations of loans     $ 230,000            
Number of hotels | hotel     41            
Morgan Stanley Bank, N.A.                  
Secured Borrowings                  
Amount at risk         $ 858,400        
Weighted average extended maturities         3 years 8 months 12 days        
Repurchase Agreements                  
Secured Borrowings                  
Percentage of repurchase agreements for which margin calls are limited to collateral specific credit marks         67.00%        
Percentage of repurchase agreements containing margin call provisions for general capital market activity         33.00%        
Percentage of repurchase agreements containing margin call provisions that pertain to loans held-for-sale         6.00%        
Secured Borrowings                  
Secured Borrowings                  
Amortization of deferred financing costs         $ 40,700 $ 38,200 $ 35,600    
Long term debt, gross         13,948,828 14,610,127      
Residential Loans Credit Facility                  
Secured Borrowings                  
Maximum borrowing capacity         1,800,000        
Residential Loans Credit Facility | Line of Credit                  
Secured Borrowings                  
Decrease (increase) in borrowing capacity, existing facilities         $ (87,900)        
Decrease in weighted average spread         0.39%        
Commercial Loans Repurchase Facility                  
Secured Borrowings                  
Maximum borrowing capacity         $ 63,400        
Commercial Loans Repurchase Facility | Line of Credit                  
Secured Borrowings                  
Decrease (increase) in borrowing capacity, existing facilities         206,000        
STWD 2022-FL3                  
Secured Borrowings                  
Face Amount $ 1,000,000                
Principal amount of notes purchased by third-party investors 842,500                
Long term debt, gross 82,500                
Liquidation preference $ 75,000                
CLO contribution period 2 years                
Additional contribution to CLO         52,200 80,000      
STWD 2021-FL2                  
Secured Borrowings                  
Face Amount               $ 1,300,000  
Principal amount of notes purchased by third-party investors               1,100,000  
Long term debt, gross               70,100  
Liquidation preference               $ 127,500  
Additional contribution to CLO         99,100 257,200 58,600    
Repayments of debt         1,200        
STWD 2019-FL1                  
Secured Borrowings                  
Face Amount                 $ 1,100,000
Principal amount of notes purchased by third-party investors                 936,400
Long term debt, gross                 86,600
Liquidation preference                 $ 77,000
Additional contribution to CLO             261,900    
Repayments of debt         168,600 197,200      
STWD 2021-SIF2                  
Secured Borrowings                  
Face Amount   $ 500,000              
Principal amount of notes purchased by third-party investors   410,000              
Liquidation preference   $ 90,000              
CLO contribution period   3 years              
Additional contribution to CLO         205,700 112,900      
STWD 2021-SIF1                  
Secured Borrowings                  
Face Amount       $ 500,000          
Principal amount of notes purchased by third-party investors       410,000          
Liquidation preference       $ 90,000          
CLO contribution period       3 years          
Additional contribution to CLO         213,800 93,800 45,900    
CLOs and SASB                  
Secured Borrowings                  
Amortization of deferred financing costs         8,700 10,500 $ 5,700    
Incurred debt issuance costs         37,900        
Deferred financing costs, net of amortization         $ 9,500 $ 18,200