XML 85 R63.htm IDEA: XBRL DOCUMENT v3.20.2
LOANS - Commercial Real Estate Held for Investment (Details) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Principal payments $ (431,867)  
Realized gain (138,600)  
Beginning allowance (20,100)  
Ending allowance (206,700) $ (20,100)
Commercial Mortgage    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning balance 1,606,091 1,296,803
Originations & advances 188,087 593,913
Principal payments (115,394) (316,663)
Principal write off (7,000)  
Transfers (43,151) 40,058
Net (increase) decrease in origination fees (892) (4,384)
Realized gain 204  
Amortization of net origination fees 2,735 5,571
Net (increase) decrease in allowance   (9,207)
Beginning allowance (12,703)  
Current period allowance (136,410)  
Write offs 7,000  
Ending allowance (149,879) (12,703)
Ending balance 1,493,504 1,606,091
Mezzanine loans | Commercial Mortgage    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning balance 170,023 315,601
Originations & advances 12,010 21,709
Principal payments 0 (149,633)
Principal write off (7,000)  
Transfers 10,000 (8,675)
Net (increase) decrease in origination fees (80) (184)
Realized gain 0  
Amortization of net origination fees 94 412
Net (increase) decrease in allowance   (9,207)
Beginning allowance (12,703)  
Current period allowance (68,590)  
Write offs 7,000  
Ending allowance (75,629) (12,703)
Ending balance 122,121 170,023
Impact of adopting CECL | Commercial Mortgage    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning allowance (7,766)  
Ending allowance   (7,766)
Impact of adopting CECL | Mezzanine loans | Commercial Mortgage    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning allowance (1,336)  
Ending allowance   (1,336)
CECL provision, adjusted balance | Commercial Mortgage    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning balance 1,618,794  
Ending balance   1,618,794
CECL provision, adjusted balance | Mezzanine loans | Commercial Mortgage    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning balance 182,726  
Ending balance   182,726
Senior Mortgages | Commercial Mortgage    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning balance 499,690 981,202
Originations & advances 176,077 572,204
Principal payments (59,675) (16,785)
Principal write off 0  
Transfers (107,623) (1,034,754)
Net (increase) decrease in origination fees (812) (4,200)
Realized gain 204  
Amortization of net origination fees 1,430 2,023
Net (increase) decrease in allowance   0
Beginning allowance 0  
Current period allowance (10,262)  
Write offs 0  
Ending allowance (12,526) 0
Ending balance 496,765 499,690
Senior Mortgages | Impact of adopting CECL | Commercial Mortgage    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning allowance (2,264)  
Ending allowance   (2,264)
Senior Mortgages | CECL provision, adjusted balance | Commercial Mortgage    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning balance 499,690  
Ending balance   499,690
Senior Securitized Mortgages | Commercial Mortgage    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning balance 936,378 0
Originations & advances 0 0
Principal payments (55,719) (150,245)
Principal write off 0  
Transfers 54,472 1,083,487
Net (increase) decrease in origination fees 0 0
Realized gain 0  
Amortization of net origination fees 1,211 3,136
Net (increase) decrease in allowance   0
Beginning allowance 0  
Current period allowance (57,558)  
Write offs 0  
Ending allowance (61,724) 0
Ending balance 874,618 936,378
Senior Securitized Mortgages | Impact of adopting CECL | Commercial Mortgage    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning allowance (4,166)  
Ending allowance   (4,166)
Senior Securitized Mortgages | CECL provision, adjusted balance | Commercial Mortgage    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning balance $ 936,378  
Ending balance   $ 936,378