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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Preferred stock, par value per share (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 25,000,000 25,000,000
Common stock, par value per share (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 125,000,000 125,000,000
Common stock, shares issued (in shares) 23,627,677 23,130,956
Common stock, shares outstanding (in shares) 23,627,677 23,130,956
Mortgage loans held-for-investment, net [1],[2] $ 961,277,000 $ 989,084,000
Allowance for beneficial interests credit losses 5,985,000 6,107,000
Property held-for-sale, valuation allowances 1,300,000 700,000
Basis   417,263,000
HTM, allowance for expected credit losses 0  
Unrealized losses on debt securities available-for-sale transferred to held-to-maturity (982,000)  
Noncontrolling interest [3] 2,129,000 2,137,000
Debt securities available-for-sale, at fair value    
Basis 153,864,000 282,711,000
Debt securities accumulated unrealized gain (loss) $ (11,800,000) $ 25,600,000
2017-D    
Ownership percentage by parent (as percent) 50.00% 50.00%
Ownership percentage by third parties (as percent) 50.00% 50.00%
AS Ajax E II LLC    
Ownership percentage by parent (as percent) 53.10% 53.10%
Great Ajax II REIT    
Ownership percentage by parent (as percent) 99.90% 99.90%
Mortgage loans    
Mortgage loans held-for-investment, net $ 652,258,000 $ 675,826,000
Secured Debt    
Deferred issuance costs (3,800,000) (4,700,000)
Convertible Debt    
Deferred issuance costs 0 (300,000)
Notes Payable    
Deferred issuance costs (3,600,000) (4,000,000)
Consolidated entities    
Mortgages held-for-investment 900,000 900,000
Consolidated entities | 2017-D    
Noncontrolling interest 1,000,000 1,000,000
Consolidated entities | AS Ajax E II LLC    
Noncontrolling interest 1,000,000 1,100,000
Consolidated entities | Great Ajax II REIT    
Noncontrolling interest 100,000 100,000
Beneficial interests in securitization trusts    
Allowance for beneficial interests credit losses $ 0 $ 0
Common stock, par value $0.01 per share    
Common stock, shares outstanding (in shares) 23,627,677 23,130,956
Accumulated net investment gain (loss) attributable to parent    
Unrealized losses on debt securities available-for-sale transferred to held-to-maturity $ (7,770,000) $ 0
Preferred stock - series A shares    
Preferred stock, fixed-to-floating rate cumulative redeemable 7.25% 7.25%
Preferred stock, liquidation preference per share (in dollars per share) $ 25.00 $ 25.00
Preferred stock, shares issued (in shares) 424,949 424,949
Preferred stock, shares outstanding (in shares) 424,949 424,949
Preferred stock - series B shares    
Preferred stock, fixed-to-floating rate cumulative redeemable 5.00% 5.00%
Preferred stock, liquidation preference per share (in dollars per share) $ 25.00 $ 25.00
Preferred stock, shares issued (in shares) 1,135,590 1,135,590
Preferred stock, shares outstanding (in shares) 1,135,590 1,135,590
[1] As of both June 30, 2023 and December 31, 2022, balances for Mortgage loans held-for-investment, net include $0.9 million from a 50.0% owned joint venture, which the Company consolidates under U.S. Generally Accepted Accounting Principles ("U.S. GAAP" or "GAAP").
[2] Mortgage loans held-for-investment, net include $652.3 million and $675.8 million of loans at June 30, 2023 and December 31, 2022, 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 held-for-investment, net include $6.0 million and $6.1 million of allowance for expected credit losses at June 30, 2023 and December 31, 2022, respectively.
[3] As of June 30, 2023, non-controlling interests includes $1.0 million from a 50.0% owned joint venture, $1.0 million from a 53.1% owned subsidiary and $0.1 million from a 99.9% owned subsidiary which the Company consolidates. As of December 31, 2022, non-controlling interests includes $1.0 million from a 50.0% owned joint venture, $1.1 million from a 53.1% owned subsidiary and $0.1 million from a 99.9% owned subsidiary which the Company consolidates.