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Repurchase Agreements, Loan Participations Sold, Notes Payable and Secured Term Loan, Net - Summary of Notes Payable (Details) - USD ($)
1 Months Ended 12 Months Ended
Mar. 12, 2021
Jan. 31, 2021
Jan. 05, 2021
Jan. 31, 2022
Jun. 02, 2021
Dec. 31, 2021
Dec. 31, 2020
Debt Instrument [Line Items]              
Contractual Maturity Date       Jul. 05, 2022 Feb. 09, 2024    
Maximum Extension Date       Jan. 04, 2023      
Outstanding principal balance             $ 500,000,000
Carrying value           $ 167,744,000 [1] 516,484,000 [2]
Loan held by company           $ 420,844,000 [1] 888,232,000 [2]
Notes Payable [Member]              
Debt Instrument [Line Items]              
Contractual Maturity Date Oct. 01, 2021         Jan. 04, 2022 [3],[4]  
Maximum Extension Date Jan. 04, 2022 Jul. 30, 2021 Apr. 01, 2021     Jan. 04, 2022 [3],[4]  
Outstanding principal balance           $ 48,000,000 [3],[4] 305,294,000 [5]
Carrying value           48,000,000 [3],[4] 303,515,000 [5]
Loan held by company [6]           $ 116,512,000 [3],[4] $ 540,204,000 [5]
Notes Payable One              
Debt Instrument [Line Items]              
Contractual Maturity Date [7]             Jan. 04, 2021
Maximum Extension Date [7]             Apr. 01, 2021
Outstanding principal balance [7]             $ 52,938,000
Carrying value [7]             52,938,000
Loan held by company [6],[7]             $ 116,514,000
Notes Payable Two              
Debt Instrument [Line Items]              
Contractual Maturity Date             Aug. 02, 2022
Maximum Extension Date             Aug. 02, 2023
Outstanding principal balance             $ 99,579,000
Carrying value             98,553,000
Loan held by company [6]             $ 132,761,000
Notes Payable Three              
Debt Instrument [Line Items]              
Contractual Maturity Date [8]             Jan. 31, 2021
Maximum Extension Date [8]             Jul. 30, 2021
Outstanding principal balance [8]             $ 40,000,000
Carrying value [8]             39,950,000
Loan held by company [6],[8]             $ 67,146,000
Notes Payable Four              
Debt Instrument [Line Items]              
Contractual Maturity Date [9]             Jul. 30, 2021
Maximum Extension Date [9]             Jul. 30, 2023
Outstanding principal balance [9]             $ 92,777,000
Carrying value [9]             92,322,000
Loan held by company [6],[9]             $ 117,165,000
Notes Payable Five              
Debt Instrument [Line Items]              
Contractual Maturity Date             Jan. 15, 2022
Maximum Extension Date             Jan. 15, 2022
Outstanding principal balance             $ 20,000,000
Carrying value             19,752,000
Loan held by company [6]             $ 106,618,000
[1] This financing has a LIBOR floor of 1.85%.
[2] Weighted average interest rate as of December 31, 2020 was 5.09%. Weighted average is based on outstanding principal as of December 31, 2020.
[3] Weighted average interest rate as of December 31, 2021 was LIBOR plus 4.00%. One-month LIBOR as of December 31, 2021 was 0.10%. This financing has a LIBOR floor of 2.43%. Weighted average is based on outstanding principal as of December 31, 2021.
[4] In January 2022, the initial maturity was extended to July 5, 2022 and the maximum maturity date was extended to January 4, 2023.
[5] Weighted average interest rate as of December 31, 2020 was LIBOR plus 3.44%. One-month LIBOR as of December 31, 2020 was 0.14%. Weighted average is based on outstanding principal as of December 31, 2020.
[6] Includes all cash reserve balances held by the servicer.
[7] On January 5, 2021, the note was extended to the maximum extended maturity date of April 1, 2021. On March 12, 2021, the Company entered into an agreement to extend the contractual maturity date to October 1, 2021 and the maximum extended maturity date to January 4, 2022.
[8] On January 31, 2021, the note was extended to the maximum extended maturity date of July 30, 2021.
[9] The Company has guaranteed a portion of this note payable. The Company’s maximum exposure is limited to $20.0 million.