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Loans Held for Investment and the Allowance for Credit Losses - Summary of Activity in Allowance for Credit Losses for Loans Held for Investment Portfolio by Class of Financing Receivable (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance [1]     $ 41,999  
Allowance for credit losses for loans held for investment [1] $ 84,156   84,156  
Total allowance for credit losses 93,383 $ 55,312 93,383 $ 55,312
Loans held for investment        
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance 46,307 56,641 41,999 59,940
Allowance for (reversal of) credit losses, net 37,849 (4,700) 42,157 (7,999)
Allowance for credit losses for loans held for investment 84,156 51,941 84,156 51,941
Unfunded Loan Commitment        
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance 4,786 2,149 4,210 2,888
Allowance for (reversal of) credit losses, net 4,441 1,222 5,017 483
Allowance for credit losses on unfunded loan commitments 9,227 3,371 9,227 3,371
Senior loans        
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Total allowance for credit losses 92,712 54,791 92,712 54,791
Senior loans | Loans held for investment        
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance 45,940 55,155 41,193 58,210
Allowance for (reversal of) credit losses, net 37,545 (3,724) 42,292 (6,779)
Allowance for credit losses for loans held for investment 83,485 51,431 83,485 51,431
Senior loans | Unfunded Loan Commitment        
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance 4,786 2,084 4,210 2,756
Allowance for (reversal of) credit losses, net 4,441 1,276 5,017 604
Allowance for credit losses on unfunded loan commitments 9,227 3,360 9,227 3,360
Subordinated and mezzanine loans        
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Total allowance for credit losses 671 521 671 521
Subordinated and mezzanine loans | Loans held for investment        
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance 367 1,486 806 1,730
Allowance for (reversal of) credit losses, net 304 (976) (135) (1,220)
Allowance for credit losses for loans held for investment 671 510 671 510
Subordinated and mezzanine loans | Unfunded Loan Commitment        
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance 0 65 0 132
Allowance for (reversal of) credit losses, net 0 (54) 0 (121)
Allowance for credit losses on unfunded loan commitments $ 0 $ 11 $ 0 $ 11
[1] The Company’s consolidated Total Assets and Total Liabilities as of June 30, 2022 include assets and liabilities of variable interest entities (“VIEs”) of $3.2 billion and $2.6 billion, respectively. The Company’s consolidated Total Assets and Total Liabilities as of December 31, 2021 include assets and liabilities of VIEs of $3.2 billion and $2.6 billion, respectively. These assets can be used only to satisfy obligations of the VIEs, and creditors of the VIEs have recourse only to these assets, and not to TPG RE Finance Trust, Inc. See Note 5 to the Consolidated Financial Statements for details.