XML 65 R54.htm IDEA: XBRL DOCUMENT v3.23.2
Variable Interest Entities and Collateralized Loan Obligations - Summary of Variable Interest Entities Assets and Liabilities (Details)
$ in Thousands
Jun. 30, 2023
USD ($)
loan
Dec. 31, 2022
USD ($)
Assets    
Cash and cash equivalents [1] $ 307,445 $ 254,050
Collateralized loan obligation proceeds held at trustee [1] 194,059 297,168
Accounts receivable from servicer/trustee [1] 83,489 163,648
Total assets [1] 4,983,721 5,545,138
Liabilities    
Accrued interest payable [1] 10,468 11,080
Total liabilities [1] 3,764,141 4,223,142
Unamortized deferred financing costs 6,600 9,000
Variable Interest Entity, Primary Beneficiary    
Assets    
Cash and cash equivalents 32,251 28,011
Collateralized loan obligation proceeds held at trustee 194,059 297,168
Accounts receivable from servicer/trustee 83,462 156,633
Accrued interest receivable 2,736 5,584
Loans held for investment, net 2,474,839 2,779,978
Total assets 2,787,347 3,267,374
Liabilities    
Accrued interest payable 6,103 6,106
Accrued expenses 399 761
Collateralized loan obligations, net 2,136,382 2,452,212
Total liabilities $ 2,142,884 2,467,254
Number of loans held for investment | loan 3  
Loans held for investment $ 3,200 2,900
Variable Interest Entity, Primary Beneficiary | FL5 Securities    
Assets    
Collateralized loan obligation proceeds held at trustee 194,100 72,500
Accounts receivable from servicer/trustee 12,700  
Variable Interest Entity, Primary Beneficiary | FL4 Securities    
Assets    
Collateralized loan obligation proceeds held at trustee   224,700
Accounts receivable from servicer/trustee 61,400  
Variable Interest Entity, Primary Beneficiary | TRTX 2019-FL3    
Assets    
Accounts receivable from servicer/trustee 9,100 155,200
Affiliated Entity    
Liabilities    
Payable to affiliates [1] 5,949 5,984
Affiliated Entity | Variable Interest Entity, Primary Beneficiary    
Liabilities    
Payable to affiliates $ 0 $ 8,175
[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.