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Loans Held-for-Investment (Details)
$ in Thousands
9 Months Ended
Sep. 30, 2020
USD ($)
loan
Sep. 30, 2019
Jun. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
loan
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Unpaid principal balance $ 4,072,788     $ 4,257,145
Unamortized (discount) premium (72)     (124)
Unamortized net deferred origination fees (20,515)     (30,809)
Allowance for credit losses (73,339)   $ (76,710) (16,692)
Carrying value 3,978,862     4,226,212
Unfunded commitments $ 596,440     $ 748,878
Number of loans | loan 110     120
Weighted average coupon 5.10%     5.40%
Weighted average years to maturity 1 year 3 months 18 days 1 year 9 months 18 days    
First Mortgage        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Unpaid principal balance $ 4,045,912     $ 4,229,194
Unamortized (discount) premium (72)     (124)
Unamortized net deferred origination fees (20,543)     (30,788)
Allowance for credit losses (71,632)      
Carrying value 3,953,665     4,198,282
Unfunded commitments $ 596,440     $ 748,878
Number of loans | loan 107     117
Weighted average coupon 5.10%     5.40%
Weighted average years to maturity 1 year 3 months 18 days 1 year 9 months 18 days    
Second Mortgage        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Unpaid principal balance $ 12,586     $ 13,503
Unamortized (discount) premium 0     0
Unamortized net deferred origination fees 28     (21)
Allowance for credit losses (1,421)      
Carrying value 11,193     13,482
Unfunded commitments $ 0     $ 0
Number of loans | loan 2     2
Weighted average coupon 10.40%     11.70%
Weighted average years to maturity 1 year 2 months 12 days 2 years    
Junior Loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Unpaid principal balance $ 14,290     $ 14,448
Unamortized (discount) premium 0     0
Unamortized net deferred origination fees 0     0
Allowance for credit losses (286)      
Carrying value 14,004     14,448
Unfunded commitments $ 0     $ 0
Number of loans | loan 1     1
Weighted average coupon 8.00%     8.00%
Weighted average years to maturity 6 years 3 months 18 days 7 years 1 month 6 days