Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2022

Related Party Transactions [Abstract]

Schedule of related party transactions

The Company’s consolidated statements of income included the following significant related party transactions ($ in thousands):

			Three months ended March 31,
Transaction	Consolidated Statement of Income location	Counterparty	2022		2021
Interest income on securities and beneficial interest and net decrease in the net present value of expected credit losses on beneficial interests	Net interest income after the impact of changes in the net present value of expected credit losses	Various non-consolidated joint ventures	$	7,220	$	5,952
Management fee	Related party expense – management fee	Manager	$	2,293	$	2,273
Loan servicing fees	Related party expense – loan servicing fees	Servicer	$	2,091	$	1,833
Affiliate loan interest income	Interest income	Servicer	$	67	$	—
Income from equity investment	(Loss)/income from investments in affiliates	Gaea	$	42	$	18
Income from equity investment	(Loss)/income from investments in affiliates	AS Ajax E LLC	$	3	$	9
Loss from equity investment	(Loss)/income from investments in affiliates	Loan pool LLCs	$	(8)	$	(7)
(Loss)/income from equity investment	(Loss)/income from investments in affiliates	Manager	$	(41)	$	168
Loss from equity investment	(Loss)/income from investments in affiliates	Great Ajax FS	$	(93)	$	(62)
Impairment on beneficial interests	Other (loss)/income	2018-D and -G	$	(3,973)	$	—

The Company’s consolidated balance sheets included the following significant related party balances ($ in thousands):

			As of March 31, 2022
Transaction	Consolidated Balance Sheet location	Counterparty	Amount
Investment in beneficial interests	Investment in beneficial interests	Various non-consolidated joint ventures	$	139,249
Receivables from Servicer	Receivable from servicer	Servicer	$	19,153
Affiliate loan receivable and interest	Prepaid expenses and other assets	Servicer	$	3,522
Management fee payable	Management fee payable	Manager	$	2,424
Expense reimbursement receivable	Prepaid expenses and other assets	Various non-consolidated joint ventures	$	1,215
Servicing fee payable	Accrued expenses and other liabilities	Servicer	$	69
Expense reimbursements	Accrued expenses and other liabilities	Various non-consolidated joint ventures	$	23
Payable to Servicer	Accrued expenses and other liabilities	Servicer	$	16

			As of March 31, 2022
Transaction	Consolidated Balance Sheet location	Counterparty	Amount
Expense reimbursement receivable	Prepaid expenses and other assets	Servicer	$	15
Expense reimbursements	Accrued expenses and other liabilities	Gaea	$	8

			As of December 31, 2021
Transaction	Consolidated Balance Sheet location	Counterparty	Amount
Purchase of mortgage loans	Mortgage loans held-for-investment, net	2019-C	$	152,883
Investment in beneficial interests	Investment in beneficial interests	Various non-consolidated joint ventures	$	139,588
Receivables from Servicer	Receivable from servicer	Servicer	$	20,899
Affiliate loan receivable and interest	Prepaid expenses and other assets	Servicer	$	3,509
Management fee payable	Management fee payable	Manager	$	2,279
Expense reimbursement receivable	Prepaid expenses and other assets	Various non-consolidated joint ventures	$	1,211
Expense reimbursements	Accrued expenses and other liabilities	Servicer	$	78
Affiliate loan receivable interest	Prepaid expenses and other assets	Gaea	$	21
Expense reimbursement receivable	Prepaid expenses and other assets	Servicer	$	12