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Mortgage Loans - Narrative (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2020
USD ($)
numberOfLoanPools
loan
payment
Dec. 31, 2019
USD ($)
Mar. 31, 2019
USD ($)
loan
Dec. 31, 2018
USD ($)
Mortgage Loans on Real Estate        
Mortgage loans, net [1],[2] $ 1,098,629 $ 1,151,469    
Financing Receivable, Allowance for Credit Loss (16,136) (1,960) $ (1,318) $ (1,164)
Current period additions to allowance account 1,898   0  
Interest income 19,600   26,400  
Aggregate unpaid principal balance of mortgage loans on real estate 26,200 176,900    
Provision for credit losses (2,122)   (154)  
Estimated Market Value Of Underlying Collaterals 44,200      
Loan purchase price $ 25,400      
Number of loan pools | numberOfLoanPools 4      
Number of Recent Payments Made on RPL Mortgage Loans | payment 7      
Loss on sale of mortgage loans $ (705)   $ 0  
Number of sold loans | loan 26   0  
RPLs, NPLs, and Originated SBCs [Member]        
Mortgage Loans on Real Estate        
Mortgage loans, net $ 1,100,000 [2] 1,200,000    
Mortgages purchased        
Mortgage Loans on Real Estate        
Mortgage loans, net 26,100      
SBC loans acquired at or near origination        
Mortgage Loans on Real Estate        
Mortgage loans, net $ 4,212 23,434    
Number of originated SBC loans acquired | loan 0   19  
Aggregate unpaid principal balance of mortgage loans on real estate     $ 17,800  
SBC        
Mortgage Loans on Real Estate        
Mortgage loans, net $ 5 11,652    
7f7 and better        
Mortgage Loans on Real Estate        
Mortgage loans, net $ 412,776 419,378    
Number of Recent Payments Made on RPL Mortgage Loans | numberOfLoanPools 7      
Great Ajax II REIT        
Mortgage Loans on Real Estate        
Mortgage loans, net $ 315,497 216,476    
4f4-6f6 and below        
Mortgage Loans on Real Estate        
Mortgage loans, net $ 164,456 170,318    
Number of Recent Payments Made on RPL Mortgage Loans | numberOfLoanPools 4      
Originated        
Mortgage Loans on Real Estate        
Mortgage loans, net $ 5,420 23,434    
Number of loan pools | numberOfLoanPools 1      
Residential RPL loan pools        
Mortgage Loans on Real Estate        
Mortgage loans, net $ 1,066,555 1,085,514    
Number of mortgage loans on real estate | loan 26   38  
Aggregate unpaid principal balance of mortgage loans on real estate $ 2,000   $ 8,500  
Mortgage Loans On Real Estate Commitments To Purchase Number | loan 26   38  
Nonperforming loan pools        
Mortgage Loans on Real Estate        
Mortgage loans, net $ 27,857 $ 30,869    
Number of mortgage loans on real estate | loan 1   0  
Aggregate unpaid principal balance of mortgage loans on real estate $ 200      
Mortgage Loans On Real Estate Commitments To Purchase Number | loan 1   0  
[1] As of March 31, 2020, balances for Mortgage loans, net includes $316.5 million and Secured borrowings, net of deferred costs includes $271.6 million from the 50% and 63% owned joint ventures, respectively. As of December 31, 2019, balances for Mortgage loans, net include $341.8 million and Secured borrowings, net of deferred costs includes $284.8 million from a 50% and 63% owned joint ventures, all of which the Company consolidates under U.S. Generally Accepted Accounting Principles ("U.S. GAAP").
[2] Mortgage loans net include $888.2 million and $908.6 million of loans at March 31, 2020 and December 31, 2019, 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 $16.1 million and $2.0 million of allowance for loan credit losses at March 31, 2020 and December 31, 2019, respectively.