XML 49 R38.htm IDEA: XBRL DOCUMENT v3.23.1
COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Summary of Commercial Loan Risk Ratings (Details)
3 Months Ended 12 Months Ended
Mar. 31, 2023
USD ($)
mortgageLoan
Mar. 31, 2022
USD ($)
Dec. 31, 2022
USD ($)
mortgageLoan
Financing Receivable, Credit Quality Indicator [Line Items]      
Commercial mortgage loans held-for-investment, at amortized cost [1] $ 1,019,821,199   $ 1,076,148,186
Average risk rating, moderate 3.2   3.0
Purchase of commercial loans held for investment $ 0 $ 184,992,167  
Commercial Real Estate Portfolio Segment      
Financing Receivable, Credit Quality Indicator [Line Items]      
Number of Loans | mortgageLoan 67   71
Commercial mortgage loans held-for-investment, at amortized cost $ 1,020,479,107   $ 1,076,865,099
Year 1 200,895,674   201,852,224
Year 2 737,717,487   785,619,407
Year 4 41,532,605   42,077,193
Year 5 16,669,520   22,672,623
Before year 5 $ 19,648,386   $ 19,688,071
Commercial Real Estate Portfolio Segment | Risk rating, 1      
Financing Receivable, Credit Quality Indicator [Line Items]      
Number of Loans | mortgageLoan 0   0
Commercial mortgage loans held-for-investment, at amortized cost $ 0   $ 0
Year 1 0   0
Year 2 0   0
Year 4 0   0
Year 5 0   0
Before year 5 $ 0   $ 0
Commercial Real Estate Portfolio Segment | Risk rating, 2      
Financing Receivable, Credit Quality Indicator [Line Items]      
Number of Loans | mortgageLoan 5   11
Commercial mortgage loans held-for-investment, at amortized cost $ 76,325,000   $ 153,933,750
Year 1 75,233,321   85,198,084
Year 2 0   67,999,500
Year 4 0   0
Year 5 0   0
Before year 5 0   $ 0
Commercial loans that paid off $ 46,100,000    
Commercial Real Estate Portfolio Segment | Risk rating, 3      
Financing Receivable, Credit Quality Indicator [Line Items]      
Number of Loans | mortgageLoan 49   55
Commercial mortgage loans held-for-investment, at amortized cost $ 774,200,050   $ 852,474,681
Year 1 59,470,781   101,654,140
Year 2 671,105,519   672,421,907
Year 4 4,804,061   42,077,193
Year 5 16,669,520   16,672,623
Before year 5 $ 19,648,386   $ 19,688,071
Average risk rating, percentage 83.30%   93.80%
Transition of commercial loans held for sale to a higher risk rating $ 77,600,000    
Transition of commercial loans held for sale to a lower risk rating $ 23,300,000    
Commercial Real Estate Portfolio Segment | Risk rating, 4      
Financing Receivable, Credit Quality Indicator [Line Items]      
Number of Loans | mortgageLoan 12   3
Commercial mortgage loans held-for-investment, at amortized cost $ 157,279,802   $ 47,448,000
Year 1 66,191,572   15,000,000
Year 2 53,937,713   32,448,000
Year 4 36,728,544   0
Year 5 0   0
Before year 5 0   $ 0
Transition of commercial loans held for sale to a higher risk rating $ 133,200,000    
Commercial Real Estate Portfolio Segment | Risk rating, 5      
Financing Receivable, Credit Quality Indicator [Line Items]      
Number of Loans | mortgageLoan 1   2
Commercial mortgage loans held-for-investment, at amortized cost $ 12,674,255   $ 23,008,668
Year 1 0   0
Year 2 12,674,255   12,750,000
Year 4 0   0
Year 5 0   6,000,000
Before year 5 0   $ 0
Commercial loans that paid off $ 10,300,000    
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company was the primary beneficiary of these VIEs. As of March 31, 2023 and December 31, 2022, assets of consolidated VIEs totaled $1,002,563,861 and $1,005,507,371, respectively and the liabilities of consolidated VIEs totaled $832,342,571 and $831,575,144 respectively. See Note 4 for further discussion.