XML 63 R51.htm IDEA: XBRL DOCUMENT v3.21.2
Loans and Investments - Purchased Credit Deterioration and Troubled Debt Restructurings (Details)
$ in Thousands
1 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
USD ($)
loan
Jan. 31, 2021
Aug. 31, 2020
USD ($)
Jun. 30, 2021
USD ($)
item
loan
Jun. 30, 2020
USD ($)
item
Dec. 31, 2020
USD ($)
loan
Dec. 31, 2019
USD ($)
Mar. 31, 2021
USD ($)
Mar. 31, 2020
USD ($)
Sep. 30, 2019
USD ($)
Financing Receivable, Recorded Investment, Past Due [Line Items]                    
Purchase of loan       $ 2,814,170 $ 1,117,004          
Allowance for credit losses $ 138,447     $ 138,447 $ 152,811 $ 148,329   $ 147,300 $ 142,252 $ 152,811
Troubled debt restructurings, number | item       2            
Other loans modification | item       0 0          
Interest reserve       $ 84,400   $ 78,300        
Number of loans covered under interest reserve | loan 262     262   186        
Aggregate UPB covered under interest reserve $ 4,690,000     $ 4,690,000   $ 3,600,000        
Proceeds from full satisfaction of loans 95,000                  
Reversal of allowance for credit losses 7,500     7,500            
Interest income from loans 3,500                  
Hotel                    
Financing Receivable, Recorded Investment, Past Due [Line Items]                    
Allowance for credit losses 225     225 $ 7,672 7,759   7,754 7,528  
Hotel | Forbearance agreement                    
Financing Receivable, Recorded Investment, Past Due [Line Items]                    
Pay rate (as a percent)     1.00%              
Mortgage Loans on Real Estate Fixed Interest Rate   9.50%                
Fixed rate of interest (as a percent)   9.50%                
Principal reduction     $ (10,000)              
Hotel | Forbearance agreement | LIBOR                    
Financing Receivable, Recorded Investment, Past Due [Line Items]                    
Variable rate, spread (as a percent)     3.00%              
LIBOR Floor rate     1.50%              
Retail                    
Financing Receivable, Recorded Investment, Past Due [Line Items]                    
Allowance for credit losses 13,819     13,819 $ 13,981 13,861   $ 13,848 11,322  
Retail | Loan modification agreement                    
Financing Receivable, Recorded Investment, Past Due [Line Items]                    
Maturity period (in years)     3 years              
Percentage of interest foregone     2.00              
Principal paydowns     $ 6,000              
Principal reduction     (8,000)              
Additional reserve deposit     4,600              
Charge-offs     $ 8,000              
Retail | Loan modification agreement | LIBOR                    
Financing Receivable, Recorded Investment, Past Due [Line Items]                    
Variable rate, spread (as a percent)     5.50%              
LIBOR Floor rate     6.50%              
Bridge loans                    
Financing Receivable, Recorded Investment, Past Due [Line Items]                    
Principal amount 35,000     35,000            
Bridge loans | Hotel                    
Financing Receivable, Recorded Investment, Past Due [Line Items]                    
Purchase of loan     $ 60,000       $ 50,000      
Principal amount             $ 110,000      
Allowance for credit losses                 $ 7,500  
Loan discount     39,900              
Total discount received     20,100              
Bridge loans | Retail | Loan modification agreement                    
Financing Receivable, Recorded Investment, Past Due [Line Items]                    
Principal amount     $ 26,500              
Bridge loans | Retail | Loan modification agreement | LIBOR                    
Financing Receivable, Recorded Investment, Past Due [Line Items]                    
Variable rate, spread (as a percent)     6.00%              
LIBOR Floor rate     2.375%              
Mezzanine loans | Retail | Loan modification agreement                    
Financing Receivable, Recorded Investment, Past Due [Line Items]                    
Principal amount     $ 6,100              
Mortgage Loans on Real Estate Fixed Interest Rate     12.00%              
Fixed rate of interest (as a percent)     12.00%              
Greater than 90 Days Past Due                    
Financing Receivable, Recorded Investment, Past Due [Line Items]                    
Loans past due 90 days or more still accruing interest $ 0     $ 0   $ 0