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USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Summary of Loan and Borrowing Characteristics (Details)
9 Months Ended 12 Months Ended
Sep. 30, 2023
USD ($)
instrument
contract
mortgageLoan
Dec. 31, 2022
USD ($)
contract
mortgageLoan
instrument
Variable Interest Entity [Line Items]    
Collateralized loan obligations [1] $ 1,145,317,374 $ 829,310,498
One month LIBOR rate (as a percent)   4.18%
One month SOFR rate ( as a percent) 5.33% 4.19%
Weighted average LIBOR floor rate (as a percent) 0.41% 0.25%
SOFR spread rate (as a percent) 3.56% 3.41%
Basis spread on one-month LIBOR (percent) 1.99% 1.43%
One-Month LIBOR Rate    
Variable Interest Entity [Line Items]    
One month LIBOR rate (as a percent)   4.32%
Financing receivable, floating Rate (as a percent) 100.00% 80.40%
Secured​ Overnight ​Financing​ Rate    
Variable Interest Entity [Line Items]    
Financing receivable, floating Rate (as a percent)   19.60%
30-Day SOFR    
Variable Interest Entity [Line Items]    
30-day SOFR rate 0.0534  
Commercial Real Estate Portfolio Segment    
Variable Interest Entity [Line Items]    
Collateral (loan investments) (Count) | mortgageLoan 87 71
Carrying Value $ 1,355,547,986 $ 1,076,148,186
Financing receivable, floating Rate (as a percent) 100.00% 100.00%
2021-FL1 CLO    
Variable Interest Entity [Line Items]    
Financings provided, (Count) | instrument 2 1
Collateralized loan obligations $ 1,145,317,374 $ 829,310,498
2021-FL1 CLO | One-Month LIBOR Rate    
Variable Interest Entity [Line Items]    
Weighted average yield (percent) 8.89% 7.60%
Weighted average yield (percent) 7.32% 5.75%
2021-FL1 CLO | Commercial Real Estate Portfolio Segment    
Variable Interest Entity [Line Items]    
Collateral (loan investments) (Count) | contract 86 64
Principal Value | 2021-FL1 CLO    
Variable Interest Entity [Line Items]    
Carrying Value $ 1,350,912,660 $ 996,492,150
Collateralized loan obligations 1,151,450,000 833,750,000
Carrying Value | 2021-FL1 CLO    
Variable Interest Entity [Line Items]    
Carrying Value 1,339,006,196 996,511,403
Collateralized loan obligations 1,145,317,374 829,310,498
Debt issuance costs 2,548,732 4,439,502
Carrying Value | LMF 2023-1 Financing    
Variable Interest Entity [Line Items]    
Debt issuance costs $ 3,583,894 $ 3,583,894
[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 September 30, 2023 and December 31, 2022, assets of consolidated VIEs totaled $1,384,961,307 and $1,005,507,371, respectively and the liabilities of consolidated VIEs totaled $1,149,063,668 and $831,575,144 respectively. See Note 4 for further discussion.