XML 100 R81.htm IDEA: XBRL DOCUMENT v3.20.2
Debt - Narrative (Details)
1 Months Ended 3 Months Ended 6 Months Ended
Oct. 31, 2019
USD ($)
loan
Jun. 30, 2020
USD ($)
agreement
Mar. 31, 2020
USD ($)
loan
Jun. 30, 2020
USD ($)
extension
agreement
Aug. 06, 2020
USD ($)
May 06, 2020
USD ($)
Dec. 31, 2019
USD ($)
Feb. 04, 2019
USD ($)
Dec. 17, 2018
USD ($)
Feb. 01, 2018
USD ($)
Debt Instrument [Line Items]                    
Principal amount   $ 2,919,670,000   $ 2,919,670,000            
Carrying value of investments in tranche   23,100,000   23,100,000            
Credit facilities   900,173,000   900,173,000     $ 1,099,233,000      
Master repurchase facilities                    
Debt Instrument [Line Items]                    
Maximum borrowing capacity   $ 2,300,000,000   $ 2,300,000,000            
CMBS credit facilities | Subsequent event                    
Debt Instrument [Line Items]                    
Credit facilities         $ 38,400,000          
Real estate securities, available for sale | CMBS credit facilities                    
Debt Instrument [Line Items]                    
Number of master repurchase agreements | agreement   8   8            
Payment on margin calls     $ 48,900,000              
Master repurchase facilities                    
Debt Instrument [Line Items]                    
Principal amount   $ 900,173,000   $ 900,173,000            
Master repurchase facilities | Bank credit facility                    
Debt Instrument [Line Items]                    
Maximum borrowing capacity   450,000,000   $ 450,000,000            
Master repurchase facilities | Revolving credit facility | Credit Agreement                    
Debt Instrument [Line Items]                    
Maximum borrowing capacity           $ 450,000,000.0   $ 560,000,000.0 $ 525,000,000.0 $ 400,000,000.0
Number of optional extensions to initial maturity date | extension       2            
Debt term extension available (in years)       6 months            
Unused amount, commitment fee percentage       0.35%            
Debt covenant, minimum tangible net worth           $ 1,500,000,000        
Master repurchase facilities | Master repurchase facilities                    
Debt Instrument [Line Items]                    
Maximum borrowing capacity   2,250,000,000   $ 2,250,000,000            
Principal amount   666,800,000   666,800,000            
Master repurchase facilities | CMBS credit facilities                    
Debt Instrument [Line Items]                    
Subordinated investments in tranche   6,800,000   $ 6,800,000            
Debt repaid   $ 73,900,000                
Blended borrowing advance rate   62.00%                
Line of credit, additional loss (as a percentage)   15.00%                
Contractual interest rate   4.25%   4.25%            
Master repurchase facilities | Non-subordinated CMBS                    
Debt Instrument [Line Items]                    
Principal amount   $ 31,600,000   $ 31,600,000            
Master repurchase facilities | Real estate securities, available for sale | CMBS credit facilities                    
Debt Instrument [Line Items]                    
Debt repaid   66,100,000                
Bank credit facility                    
Debt Instrument [Line Items]                    
Principal amount   195,000,000.0   $ 195,000,000.0            
Bank credit facility | Bank credit facility                    
Debt Instrument [Line Items]                    
Number of optional extensions to initial maturity date | extension       2            
Debt term extension available (in years)       6 months            
Securitization Bonds Payable, Net                    
Debt Instrument [Line Items]                    
Principal amount   840,423,000   $ 840,423,000            
LIBOR | Master repurchase facilities                    
Debt Instrument [Line Items]                    
Interest rate margin (in percentage)       2.25%            
LIBOR | Master repurchase facilities | Revolving credit facility | Credit Agreement                    
Debt Instrument [Line Items]                    
Interest rate margin (in percentage)       2.25%            
Base Rate | Master repurchase facilities | Revolving credit facility | Credit Agreement                    
Debt Instrument [Line Items]                    
Interest rate margin (in percentage)       1.25%            
Collateral pledged                    
Debt Instrument [Line Items]                    
Carrying value of CMBS Credit Facilities serving as collateral   60,000,000.0   $ 60,000,000.0            
Minimum | Master repurchase facilities | Revolving credit facility | Credit Agreement                    
Debt Instrument [Line Items]                    
Unused amount, commitment fee percentage       0.25%            
Minimum | LIBOR | Master repurchase facilities | Master repurchase facilities                    
Debt Instrument [Line Items]                    
Interest rate margin (in percentage)       1.50%            
Maximum | Master repurchase facilities | Revolving credit facility | Credit Agreement                    
Debt Instrument [Line Items]                    
Unused amount, commitment fee percentage       0.35%            
Maximum | LIBOR | Master repurchase facilities | Master repurchase facilities                    
Debt Instrument [Line Items]                    
Interest rate margin (in percentage)       2.60%            
Senior loan | Master repurchase facilities | Master repurchase facilities                    
Debt Instrument [Line Items]                    
Carrying value served as collateral   1,000,000,000.0   $ 1,000,000,000.0            
Senior loan | Securitization Bonds Payable, Net                    
Debt Instrument [Line Items]                    
Carrying value served as collateral   $ 1,000,000,000.0   $ 1,000,000,000.0            
Hospitality loan                    
Debt Instrument [Line Items]                    
Loans paydown | loan     2              
Retail loan                    
Debt Instrument [Line Items]                    
Loans paydown | loan     1              
CLNC 2019-FL1 | Investment grade notes                    
Debt Instrument [Line Items]                    
Sale of notes $ 840,400,000                  
Advance rate 83.50%                  
Number of loans | loan 22                  
CLNC 2019-FL1 | LIBOR | Investment grade notes                    
Debt Instrument [Line Items]                    
Weighted average cost of funds percentage 1.59%