XML 131 R103.htm IDEA: XBRL DOCUMENT v3.20.1
Agreements and transactions with related parties (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Related-party transactions      
Amount unpaid $ 2,561   $ 2,697
Purchase of loans, held-for-investment 52,067 $ 128,991  
Investment in unconsolidated joint ventures $ 53,379   $ 58,850
Management agreement      
Related-party transactions      
Minimum notice period for termination 180 days    
Management fee      
Related-party transactions      
Fee percentage for results up to threshold 1.50%    
Fee threshold $ 500,000    
Fee percentage for results in excess of threshold 1.00%    
Incentive distribution      
Related-party transactions      
Incentive multiplier 15.00%    
Core earnings period 12 months    
Percentage of Incentive fee multiplied by the weighted average of issue price 8.00%    
The period over which core earnings must exceed the minimum threshold per the terms of the agreement 48 months    
Minimum core earnings threshold $ 0    
Minimum | Management agreement      
Related-party transactions      
Independent director votes required for approval 66.70%    
Manager | Management fee      
Related-party transactions      
Fees $ 2,600 2,000  
Amount unpaid 2,600 4,100  
Manager | Incentive distribution      
Related-party transactions      
Amount unpaid   200  
Manager | Expense reimbursement      
Related-party transactions      
Reimbursable expenses 1,300 800  
Amount unpaid $ 200 $ 1,000