XML 54 R42.htm IDEA: XBRL DOCUMENT v3.25.1
USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Narrative (Details)
1 Months Ended
Jul. 12, 2023
USD ($)
Jun. 14, 2021
USD ($)
subsidiary
tranche
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Variable Interest Entity [Line Items]        
Number of wholly-owned subsidiaries | subsidiary   2    
Equity interest retained   $ 96,250,000    
Proceeds from issuance of long-term debt allocated to acquire additional loan obligations   $ 330,300,000    
Period to acquire additional loan obligations from closing date   180 days    
Collateralized loan obligation leverage ratio (as a percent)   0.83    
Debt, weighted average interest rate 3.14%      
Debt weighted average, excluding fees and transaction costs, term 30 days      
Commercial Real Estate Portfolio Segment        
Variable Interest Entity [Line Items]        
Face amount     $ 1,010,888,938 $ 1,065,563,646
LMF 2023-1 Financing | Internal Investment Grade        
Variable Interest Entity [Line Items]        
Face amount $ 47,300,000      
LMF 2023-1 Financing | Internal Investment Grade | Private Placement        
Variable Interest Entity [Line Items]        
Face amount 270,400,000   237,500,000  
Proceeds from collection of finance receivables     $ 32,900,000  
LMF 2023-1 Financing | Multifamily | Commercial Real Estate Portfolio Segment | Internal Investment Grade        
Variable Interest Entity [Line Items]        
Face amount 386,400,000      
Lument Finance Trust        
Variable Interest Entity [Line Items]        
Retained subordinated interests $ 68,600,000      
Financing initial reinvestment period 2 years      
Collateralized Loan Obligations - LFT CRE 2021-FL1, Ltd.        
Variable Interest Entity [Line Items]        
Number of tranches of CLO notes issued | tranche   8    
Aggregate principal of CLO notes   $ 903,800,000    
Initial investment period   2 years 6 months    
Proceeds from issuance of collateralized loan obligations   $ 1,000,000,000    
Collateralized Loan Obligations - LFT CRE 2021-FL1, Ltd. - Investment Grade        
Variable Interest Entity [Line Items]        
Aggregate principal of CLO notes   833,800,000    
Collateralized Loan Obligations - LFT CRE 2021-FL1, Ltd. - Below Investment Grade        
Variable Interest Entity [Line Items]        
Aggregate principal of CLO notes   $ 70,000,000