XML 74 R48.htm IDEA: XBRL DOCUMENT v3.24.0.1
MORTGAGE LOAN RECEIVABLES - Additional Information (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2023
USD ($)
property
loans
Dec. 31, 2022
USD ($)
loans
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Outstanding face amount $ 3,195,576 $ 3,938,615    
Allowance for current expected credit losses 43,900 21,500    
General CECL Reserve 43,165 20,755 $ 31,752 $ 41,507
Increase in reserve of unfunded commitments 700 700    
Individually impaired loans 0 26,012    
Provision for (release of) loan loss reserves, net 25,096 3,711 (8,713)  
Recoveries 0 3,105 0  
Increase (decrease) of reserve on unfunded commitments   300    
Asset Specific Reserve, Company Loan        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
General CECL Reserve   $ 2,700    
Number or loans in default | loans   2    
Provision for (release of) loan loss reserves, net 25,100 $ 6,500    
Total mortgage loan receivables held for investment, net, at amortized cost        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Loans receivable with variable rates of interest $ 2,800,000 $ 3,400,000    
Loans receivable with variable rates of interest 87.80% 87.20%    
Loans receivable with variable rates of interest, subject to interest rate floors 100.00% 99.20%    
Outstanding face amount $ 3,164,226 $ 3,907,265    
General CECL Reserve 43,165 20,755 31,752 $ 41,507
Provision for (release of) loan loss reserves, net 25,110 3,398 $ (8,605)  
Total mortgage loan receivables held for investment, net, at amortized cost | London Interbank Offered Rate (LIBOR)        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Loans receivable with variable rates of interest   2,300,000    
Total mortgage loan receivables held for investment, net, at amortized cost | Secured Overnight Financing Rate (SOFR)        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Loans receivable with variable rates of interest   1,100,000    
Mortgage loan  receivables held for sale        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Outstanding face amount $ 31,350 $ 31,350    
Percentage of loans receivable with fixed rates of interest 100.00% 100.00%    
First mortgage loans        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Outstanding face amount $ 3,131,803 $ 3,841,315    
Number of loans modified | loans 2      
Amortized cost basis $ 106,500      
Loans modified, amount of mortgage loan receivable portfolio 3.40%      
Weighted-average extension length 2 years 3 months 18 days      
Principal paydown $ 6,000      
Reserve funding $ 6,500      
Common equity interest received 15.00%      
Equity interest received, number of companies | property 1      
Accrued interest income $ 2,600