Subsequent Events	9 Months Ended
Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Investment Sales Subsequent to September 30, 2020, the Company sold 14 real estate properties in its Legacy, Non-Strategic Portfolio for total gross proceeds of $29.3 million. The Company received $27.3 million of net proceeds and will recognize a net gain of approximately $2.0 million. Additionally, the Company sold six CRE securities for $14.7 million in gross sales proceeds and will recognize a gain of approximately $3.6 million. In connection with these sales, the Company repaid $6.6 million of financing on its CMBS Credit Facilities. In October 2020, the Company completed a discounted payoff on the Corporate Term loan totaling $12.1 million. The Company recorded $1.6 million of provision for loan losses during the nine months ended September 30, 2020. Loan Originations Subsequent to September 30, 2020, the Company originated a senior loan with a total commitment of $22.8 million which is secured by an office property. The loan bears interest at 3.6% plus LIBOR. Master Repurchase Facilities Subsequent to September 30, 2020, the Company exercised a one-year extension option on Bank 2 Facility 3, extending the maturity to October 2021. The Company additionally reduced the capacity from $200.0 million to $21.4 million.

Subsequent Events

9 Months Ended

Sep. 30, 2020

Investment Sales

Subsequent to September 30, 2020, the Company sold 14 real estate properties in its Legacy, Non-Strategic Portfolio for total gross proceeds of $29.3 million. The Company received $27.3 million of net proceeds and will recognize a net gain of approximately $2.0 million.

Additionally, the Company sold six CRE securities for $14.7 million in gross sales proceeds and will recognize a gain of approximately $3.6 million. In connection with these sales, the Company repaid $6.6 million of financing on its CMBS Credit Facilities.

In October 2020, the Company completed a discounted payoff on the Corporate Term loan totaling $12.1 million. The Company recorded $1.6 million of provision for loan losses during the nine months ended September 30, 2020.

Loan Originations

Subsequent to September 30, 2020, the Company originated a senior loan with a total commitment of $22.8 million which is secured by an office property. The loan bears interest at 3.6% plus LIBOR.

Master Repurchase Facilities

Subsequent to September 30, 2020, the Company exercised a one-year extension option on Bank 2 Facility 3, extending the maturity to October 2021. The Company additionally reduced the capacity from $200.0 million to $21.4 million.