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Loans - Activity in Portfolio (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended
Feb. 28, 2025
Mar. 31, 2025
Mar. 31, 2024
Activity in allowance for loan losses      
Credit loss allowance at beginning of the period   $ 448,295  
Credit loss (reversal) provision, net   (20,228) $ 24,153
Credit loss allowance at the end of the period   428,067  
Activity in loan portfolio      
Balance at the beginning of the period   17,953,021 20,219,886
Acquisitions/originations/additional funding   1,934,679 554,693
Capitalized interest   22,343 20,418
Basis of loans sold   (297,319) (218,597)
Loan maturities/principal repayments   (802,782) (1,147,302)
Discount accretion/premium amortization   13,964 19,891
Changes in fair value   58,404 (29,013)
Foreign currency translation gain (loss), net   116,986 (99,593)
Credit loss reversal (provision), net   20,228 (24,153)
Loan foreclosure   (50,909)  
Transfer to/from other asset classifications or between segments     0
Balance at the end of the period   18,968,615 19,296,230
Funded Commitments      
Activity in allowance for loan losses      
Credit loss allowance at beginning of the period   448,295  
Credit loss (reversal) provision, net   (20,228)  
Credit loss allowance at the end of the period   428,067  
Activity in loan portfolio      
Credit loss reversal (provision), net   20,228  
Unfunded commitments      
Activity in allowance for loan losses      
Credit loss allowance at beginning of the period   31,519  
Credit loss (reversal) provision, net   (3,798)  
Credit loss allowance at the end of the period   27,721  
Unfunded commitments   1,454,299  
Activity in loan portfolio      
Credit loss reversal (provision), net   3,798  
HTM Preferred Intrests      
Activity in allowance for loan losses      
Credit loss allowance at beginning of the period   14,018  
Credit loss (reversal) provision, net   (3,188)  
Credit loss allowance at the end of the period   10,830  
Unfunded commitments   57,011  
Activity in loan portfolio      
Credit loss reversal (provision), net   3,188  
CMBS      
Activity in allowance for loan losses      
Credit loss allowance at beginning of the period   21  
Credit loss (reversal) provision, net   (21)  
Credit loss allowance at the end of the period   0  
Unfunded commitments   0  
Activity in loan portfolio      
Credit loss reversal (provision), net   21  
Held-for-Investment Loans      
Activity in allowance for loan losses      
Credit loss allowance at beginning of the period   448,295  
Credit loss allowance at the end of the period   428,067  
Held-for-Sale Loans      
Activity in allowance for loan losses      
Credit loss (reversal) provision, net   0 1,546
Credit loss allowance at the end of the period   0  
Activity in loan portfolio      
Balance at the beginning of the period   2,516,008 2,645,637
Acquisitions/originations/additional funding   231,109 289,508
Capitalized interest   0 0
Basis of loans sold   (297,319) (218,597)
Loan maturities/principal repayments   (54,628) (45,316)
Discount accretion/premium amortization   0 0
Changes in fair value   58,404 (29,013)
Foreign currency translation gain (loss), net   0 0
Credit loss reversal (provision), net   0 (1,546)
Loan foreclosure   (6,938)  
Transfer to/from other asset classifications or between segments     48,695
Balance at the end of the period   2,446,636 2,689,368
Commercial loans:      
Activity in allowance for loan losses      
Credit loss allowance at the end of the period   415,675  
Commercial loans: | First Mortgage And Mezzanine Loan | GEORGIA      
Activity in loan portfolio      
Loan foreclosure $ (44,000)    
Commercial loans: | Funded Commitments      
Activity in allowance for loan losses      
Credit loss allowance at beginning of the period   436,812  
Credit loss (reversal) provision, net   (21,137)  
Credit loss allowance at the end of the period   415,675  
Activity in loan portfolio      
Credit loss reversal (provision), net   21,137  
Commercial loans: | Loans Held-for-Investment      
Activity in allowance for loan losses      
Credit loss allowance at beginning of the period   16,530  
Credit loss (reversal) provision, net   (441)  
Credit loss allowance at the end of the period   16,089  
Unfunded commitments   1,309,900  
Activity in loan portfolio      
Credit loss reversal (provision), net   441  
Commercial loans: | HTM Preferred Intrests      
Activity in allowance for loan losses      
Unfunded commitments   20,000  
Commercial loans: | Held-for-Investment Loans      
Activity in allowance for loan losses      
Credit loss allowance at beginning of the period   436,812  
Credit loss (reversal) provision, net   (21,137) 23,312
Credit loss allowance at the end of the period   415,675  
Activity in loan portfolio      
Balance at the beginning of the period   12,895,064 15,078,589
Acquisitions/originations/additional funding   1,108,511 131,886
Capitalized interest   22,343 20,418
Basis of loans sold   0 0
Loan maturities/principal repayments   (312,601) (892,855)
Discount accretion/premium amortization   7,241 15,090
Changes in fair value   0 0
Foreign currency translation gain (loss), net   115,323 (99,145)
Credit loss reversal (provision), net   21,137 (23,312)
Loan foreclosure   (43,971)  
Transfer to/from other asset classifications or between segments     0
Balance at the end of the period   13,813,047 14,230,671
Infrastructure loans:      
Activity in allowance for loan losses      
Credit loss allowance at the end of the period   12,392  
Infrastructure loans: | Funded Commitments      
Activity in allowance for loan losses      
Credit loss allowance at beginning of the period   11,483  
Credit loss (reversal) provision, net   909  
Credit loss allowance at the end of the period   12,392  
Activity in loan portfolio      
Credit loss reversal (provision), net   (909)  
Infrastructure loans: | Loans Held-for-Investment      
Activity in allowance for loan losses      
Credit loss allowance at beginning of the period   950  
Credit loss (reversal) provision, net   (148)  
Credit loss allowance at the end of the period   802  
Unfunded commitments   87,388  
Activity in loan portfolio      
Credit loss reversal (provision), net   148  
Infrastructure loans: | Held-for-Investment Loans      
Activity in allowance for loan losses      
Credit loss allowance at beginning of the period   11,483  
Credit loss (reversal) provision, net   909 (705)
Credit loss allowance at the end of the period   12,392  
Activity in loan portfolio      
Balance at the beginning of the period   2,541,949 2,495,660
Acquisitions/originations/additional funding   595,059 133,299
Capitalized interest   0 0
Basis of loans sold   0 0
Loan maturities/principal repayments   (435,553) (209,131)
Discount accretion/premium amortization   6,723 4,801
Changes in fair value   0 0
Foreign currency translation gain (loss), net   1,663 (448)
Credit loss reversal (provision), net   (909) 705
Loan foreclosure   0  
Transfer to/from other asset classifications or between segments     (48,695)
Balance at the end of the period   2,708,932 $ 2,376,191
Residential Loans | Residential Loans      
Activity in loan portfolio      
Loan foreclosure   $ 6,900