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Mortgage Notes Receivable - Allowance for loan loss (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Allowance for Credit Loss, Beginning Balance [1],[2],[3] $ 10,394  
Adoption of ASU 2016-13 41,492 [4],[5],[6] $ 10,394 [1],[2],[3]
Allowance for Credit Loss, Ending Balance 41,492 [4],[5],[6] 10,394 [1],[2],[3]
Unfunded Loan Commitment [Member]    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Allowance for Credit Loss, Beginning Balance [7] 904 0
Adoption of ASU 2016-13 [7] 1,474 904
Provision for credit losses, net [7] 570 904
Charge-offs [7],[8] 0 0
Allowance for Credit Loss, Ending Balance [7] 1,474 904
Funded And Unfunded Loan Commitment [Member]    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Allowance for Credit Loss, Beginning Balance 11,298 10,590
Adoption of ASU 2016-13 42,966 11,298
Provision for credit losses, net 38,266 6,179
Charge-offs [8] (6,598) (5,471)
Allowance for Credit Loss, Ending Balance 42,966 11,298
Funded Loan Commitment [Member]    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Allowance for Credit Loss, Beginning Balance 10,394 10,590
Adoption of ASU 2016-13 41,492 10,394
Provision for credit losses, net 37,696 5,275
Charge-offs [8] (6,598) (5,471)
Allowance for Credit Loss, Ending Balance $ 41,492 $ 10,394
[1] Includes $0.7 million in loan specific allowances for loans deemed collateral dependent based on the excess amortized cost over the fair value of the underlying collateral. In addition, $0.9 million of the CECL allowance is excluded from this table because it relates to unfunded commitments and has been recorded as a liability under accounts payable and accrued liabilities in our consolidated balance sheet.
[2] Includes $0.7 million in loan specific allowances for loans deemed collateral dependent based on the excess amortized cost over the fair value of the underlying collateral. In addition, $0.9 million of the CECL allowance is excluded from this table because it relates to unfunded commitments and has been recorded as a liability under accounts payable and accrued liabilities in our consolidated balance sheet.
[3] Represents LTV as of origination or latest amendment. LTVs above 65% generally represent loans in contractual default status where we have agreed to extend funds to the borrower above 65% in order to ensure successful completion of the construction and return of capital.
[4] Includes $35.0 million in loan specific allowances for loans deemed collateral dependent based on the excess amortized cost over the fair value of the underlying collateral. In addition, $1.5 million of the CECL allowance is excluded from this table because it relates to unfunded commitments and has been recorded as a liability under accounts payable and accrued liabilities in our consolidated balance sheet.
[5] Represents LTV as of origination or latest amendment. LTVs above 65% generally represent loans in contractual default status where we have agreed to extend funds to the borrower above 65% in order to facilitate successful completion of the construction and return of capital.
[6] Represents the year of either origination or amendment where the loan incurred a full re-underwriting in connection with the amendment.
[7] CECL allowance related to unfunded commitments is presented as a liability under accounts payable and accrued liabilities in our consolidated balance sheet.
[8] Charge-offs result from either loan repayments where the proceeds are less than the principal outstanding or transfers to investment in real property at the time that we take ownership of the property where the fair values of the underlying collateral are less than the principal outstanding.