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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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Allowance for credit losses for loans held for investment:          
Beginning balance, allowance for credit loss [1]     $ 197,272    
Allowance for credit losses, net $ 89,069 $ 42,290 96,853 $ 47,174  
Ending balance, allowance for credit loss 250,244 [1] 93,400 250,244 [1] 93,400  
Allowance for credit losses on unfunded loan commitments:          
Beginning balance, allowance for credit loss     17,314    
Ending balance, allowance for credit loss 28,041   28,041    
Total allowance for credit losses 278,285 93,383 278,285 93,383 $ 214,586
Total unpaid principal balance 4,567,250   4,567,250   5,004,798
Senior loans          
Allowance for credit losses on unfunded loan commitments:          
Total allowance for credit losses 278,285 92,712 278,285 92,712  
Subordinated and mezzanine loans          
Allowance for credit losses on unfunded loan commitments:          
Total allowance for credit losses 0 671 0 671  
General reserve          
Allowance for credit losses for loans held for investment:          
Beginning balance, allowance for credit loss     119,190    
Ending balance, allowance for credit loss 93,830   93,830    
Allowance for credit losses on unfunded loan commitments:          
Beginning balance, allowance for credit loss     10,927    
Ending balance, allowance for credit loss 8,287   8,287    
Total allowance for credit losses 102,117   102,117   130,117
Total unpaid principal balance 4,074,992   4,074,992   4,759,663
Specific reserve          
Allowance for credit losses for loans held for investment:          
Beginning balance, allowance for credit loss     78,082    
Ending balance, allowance for credit loss 156,414   156,414    
Allowance for credit losses on unfunded loan commitments:          
Beginning balance, allowance for credit loss     6,387    
Ending balance, allowance for credit loss 19,754   19,754    
Total allowance for credit losses 176,168   176,168   84,469
Total unpaid principal balance 492,258   492,258   $ 245,135
Loans held for investment          
Allowance for credit losses for loans held for investment:          
Beginning balance, allowance for credit loss 201,508 46,307 197,272 41,999  
Allowance for credit losses, net 48,736 37,849 52,972 42,157  
Ending balance, allowance for credit loss 250,244 84,156 250,244 84,156  
Loans held for investment | Senior loans          
Allowance for credit losses for loans held for investment:          
Beginning balance, allowance for credit loss 201,508 45,940 197,272 41,193  
Allowance for credit losses, net 48,736 37,545 52,972 42,292  
Ending balance, allowance for credit loss 250,244 83,485 250,244 83,485  
Loans held for investment | Subordinated and mezzanine loans          
Allowance for credit losses for loans held for investment:          
Beginning balance, allowance for credit loss 0 367 0 806  
Allowance for credit losses, net 0 304 0 (135)  
Ending balance, allowance for credit loss 0 671 0 671  
Unfunded loan commitments          
Allowance for credit losses on unfunded loan commitments:          
Beginning balance, allowance for credit loss 20,862 4,786 17,314 4,210  
Allowance for credit losses, net 7,179 4,441 10,727 5,017  
Ending balance, allowance for credit loss 28,041 9,227 28,041 9,227  
Unfunded loan commitments | Senior loans          
Allowance for credit losses on unfunded loan commitments:          
Beginning balance, allowance for credit loss 20,862 4,786 17,314 4,210  
Allowance for credit losses, net 7,179 4,441 10,727 5,017  
Ending balance, allowance for credit loss 28,041 9,227 28,041 9,227  
Unfunded loan commitments | Subordinated and mezzanine loans          
Allowance for credit losses on unfunded loan commitments:          
Beginning balance, allowance for credit loss 0 0 0 0  
Allowance for credit losses, net 0 0 0 0  
Ending balance, allowance for credit loss $ 0 $ 0 $ 0 $ 0  
[1] The Company’s consolidated Total Assets and Total Liabilities as of June 30, 2023 include assets and liabilities of variable interest entities (“VIEs”) of $2.8 billion and $2.1 billion, respectively. The Company’s consolidated Total Assets and Total Liabilities as of December 31, 2022 include assets and liabilities of VIEs of $3.3 billion and $2.5 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.(2)Includes $28.0 million and $17.3 million of reserve for expected losses for unfunded loan commitments as of June 30, 2023 and December 31, 2022, respectively.