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Fair Value - Schedule of Assets and Liabilities at Fair Value (Details) - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Consolidated balance sheet at fair value disclosure (assets)    
Carrying value [1],[2] $ 1,151,469 $ 1,310,873
Investments at fair value 231,685 146,811
Consolidated balance sheet at fair value (liabilities)    
Borrowings under repurchase transactions 414,114 534,089
Convertible senior notes, net [3] 118,784 117,525
Beneficial interests in securitization trusts    
Consolidated balance sheet at fair value (liabilities)    
Available-for-sale Securities 57,954 22,086
Carrying Value    
Consolidated balance sheet at fair value disclosure (assets)    
Carrying value 1,151,469 1,310,873
Investment in debt securities at fair value   146,811
Consolidated balance sheet at fair value (liabilities)    
Secured borrowings, net 652,747 610,199
Borrowings under repurchase transactions 414,114 534,089
Convertible senior notes, net 118,784 117,525
Level 1 Quoted prices in active markets    
Consolidated balance sheet at fair value disclosure (assets)    
Carrying value 0 0
Investment In debt securities, fair value 0 0
Trading Securities 0 0
Consolidated balance sheet at fair value (liabilities)    
Secured borrowings, fair value 0 0
Borrowings under repurchase agreement, fair value 0 0
Convertible senior notes, net, fair value 132,173 118,103
Level 2 Observable inputs other than Level 1 prices    
Consolidated balance sheet at fair value disclosure (assets)    
Carrying value 0 0
Investment In debt securities, fair value 231,685 146,811
Trading Securities 57,954 22,086
Consolidated balance sheet at fair value (liabilities)    
Secured borrowings, fair value 0 0
Borrowings under repurchase agreement, fair value 414,114 534,089
Convertible senior notes, net, fair value 0 0
Level 3 Unobservable inputs    
Consolidated balance sheet at fair value disclosure (assets)    
Carrying value 1,260,385 1,448,895
Investment In debt securities, fair value 0 0
Trading Securities, Equity 0 0
Consolidated balance sheet at fair value (liabilities)    
Secured borrowings, fair value 657,918 610,217
Borrowings under repurchase agreement, fair value 0 0
Convertible senior notes, net, fair value 0 0
Manager | Carrying Value    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments 1,755 1,016
Manager | Level 1 Quoted prices in active markets    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments, Fair Value Disclosure 0 0
Manager | Level 2 Observable inputs other than Level 1 prices    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments, Fair Value Disclosure 0 0
Manager | Level 3 Unobservable inputs    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments, Fair Value Disclosure 7,712 5,231
Great Ajax F S | Carrying Value    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments 3,023 2,844
Great Ajax F S | Level 1 Quoted prices in active markets    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments, Fair Value Disclosure 0 0
Great Ajax F S | Level 2 Observable inputs other than Level 1 prices    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments, Fair Value Disclosure 0 0
Great Ajax F S | Level 3 Unobservable inputs    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments, Fair Value Disclosure 3,320 3,320
AS Ajax E | Carrying Value    
Consolidated balance sheet at fair value disclosure (assets)    
Real Estate Investments, Net 931 1,037
AS Ajax E | Level 1 Quoted prices in active markets    
Consolidated balance sheet at fair value disclosure (assets)    
Fair value adjustment recognized in the consolidated Statements of Income 0 0
AS Ajax E | Level 2 Observable inputs other than Level 1 prices    
Consolidated balance sheet at fair value disclosure (assets)    
Fair value adjustment recognized in the consolidated Statements of Income 1,012 1,239
AS Ajax E | Level 3 Unobservable inputs    
Consolidated balance sheet at fair value disclosure (assets)    
Fair value adjustment recognized in the consolidated Statements of Income 0 0
Gaea | Carrying Value    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments 19,995  
Gaea | Level 1 Quoted prices in active markets    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments, Fair Value Disclosure 0  
Gaea | Level 2 Observable inputs other than Level 1 prices    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments, Fair Value Disclosure 0  
Gaea | Level 3 Unobservable inputs    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments, Fair Value Disclosure 19,995  
Legacy entities | Carrying Value    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments 760  
Legacy entities | Level 1 Quoted prices in active markets    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments, Fair Value Disclosure 0  
Legacy entities | Level 2 Observable inputs other than Level 1 prices    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments, Fair Value Disclosure 0  
Legacy entities | Level 3 Unobservable inputs    
Consolidated balance sheet at fair value disclosure (assets)    
Equity Method Investments, Fair Value Disclosure 760  
RPLs, NPLs, and Originated SBCs    
Consolidated balance sheet at fair value disclosure (assets)    
Carrying value [2] $ 1,200,000 $ 1,300,000
[1] As of December 31, 2019, balances for Mortgage loans, net includes $341.8 million and Secured borrowings, net of deferred costs includes $284.8 million from the 50.0% and 63.0% owned joint ventures, respectively. As of December 31, 2018, balances for Mortgage loans, net include $377.0 million and Secured borrowings, net of deferred costs includes $231.9 million from the 50.0% and 63.0% owned joint ventures, all of which the Company consolidates under U.S. Generally Accepted Accounting Principles ("U.S. GAAP").
[2] Mortgage loans, net include $908.6 million and $897.8 million of loans at December 31, 2019 and December 31, 2018, respectively, transferred to securitization trusts that are variable interest entities (“VIEs”); these loans can only be used to settle obligations of the VIEs. Secured borrowings consist of notes issued by VIEs that can only be settled with the assets and cash flows of the VIEs. The creditors do not have recourse to the primary beneficiary (Great Ajax Corp.). See Note 9 — Debt. Mortgage loans, net include $2.0 million and $1.2 million of allowance for loan losses at December 31, 2019 and December 31, 2018, respectively.
[3] Secured borrowings and Convertible senior notes are presented net of deferred issuance costs.