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Loans and Investments - Loan Modifications (Details)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Sep. 30, 2023
USD ($)
Jun. 30, 2021
USD ($)
Dec. 31, 2023
USD ($)
loan
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
loan
Dec. 31, 2022
USD ($)
loan
Dec. 31, 2021
USD ($)
loan
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Recoveries of reserves         $ 4,776 $ 1,500 $ 24,315    
Loans and investments, gross     $ 12,615,006   12,615,006 14,456,123      
Interest reserve         156,100 123,700      
Principal paydowns         3,354,055 3,818,554 2,516,771    
Purchase of loan         1,362,171 5,955,061 9,209,475    
Loans and investments, net allowance for credit losses     195,664   $ 195,664 $ 132,559 $ 113,241 $ 148,329  
Proceeds from full satisfaction of loans   $ 95,000              
Reversal of allowance for credit losses   7,500              
Interest income from loans   $ 3,500              
Loan modification, refinancing, and extensions | loan         0 0 0    
Bridge Loans                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Variable rate, spread (as a percent)       3.40%          
Loans and investments, gross     12,273,244 $ 70,500 $ 12,273,244 $ 14,096,054      
Financing receivable, fixed interest rate 0.0300                
Financing receivable, accrual rate 0.0300                
Financing receivable, total fixed rate 0.0600                
Financing receivable, borrower required funding $ 10,500                
Interest reserve 2,500                
Financing receivable, borrower requirement, capital improvements $ 8,000                
Mezzanine Loans                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Loans and investments, gross     248,457   248,457 213,499      
Multifamily                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Loans and investments, net allowance for credit losses     $ 110,847   110,847 37,961 $ 18,707 36,468  
Multifamily | Bridge Loans | Interest Deferral, Extended Maturity, And Interest Forgiveness                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Number of financing receivables modified during period | loan     3            
Financing receivable, amount modified in period     $ 241,000            
Financing receivable modified, weighted average term increase from modification     1 year            
Percentage of deferred interest waived     0.25            
Multifamily | Bridge Loans | Interest Deferral, Extended Maturity, And Interest Forgiveness | Minimum                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Percentage of interest foregone     0.0200            
Multifamily | Bridge Loans | Interest Deferral, Extended Maturity, And Interest Forgiveness | Minimum | Secured Overnight Financing Rate (SOFR)                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Variable rate, spread (as a percent)     4.00%            
Multifamily | Bridge Loans | Interest Deferral, Extended Maturity, And Interest Forgiveness | Maximum                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Percentage of interest foregone     0.0215            
Multifamily | Bridge Loans | Interest Deferral, Extended Maturity, And Interest Forgiveness | Maximum | Secured Overnight Financing Rate (SOFR)                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Variable rate, spread (as a percent)     4.30%            
Multifamily | Bridge Loans | Rate of Interest and Extended Maturity                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Financing receivable, amount modified in period     $ 86,900            
Financing receivable modified, weighted average term increase from modification     1 year            
Financing receivable modified, pay rate of interest     $ 500            
Multifamily | Bridge Loans | Rate of Interest and Extended Maturity | Secured Overnight Financing Rate (SOFR)                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Variable rate, spread (as a percent)     4.25%            
Office                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Financing receivable, net of reserve     $ 37,100   37,100        
Loan reserve     8,000   8,000        
Recoveries of reserves     2,300            
Loans and investments, net allowance for credit losses     142   142 8,162 8,073 1,846  
Retail                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Recoveries of reserves         2,500        
Loans and investments, net allowance for credit losses     $ 3,293   $ 3,293 $ 5,819 5,819 $ 13,861  
Retail | Loan Modification Agreement                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Percentage of interest foregone               2.00  
Maturity period (in years)               3 years  
Principal paydowns               $ 6,000  
Principal reduction               8,000  
Additional reserve deposit               $ 4,600  
Retail | LIBOR | Loan Modification Agreement                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Variable rate, spread (as a percent)               5.50%  
LIBOR floor rate               6.50%  
Retail | Bridge Loans | Loan Modification Agreement                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Principal amount               $ 26,500  
Retail | Bridge Loans | LIBOR | Loan Modification Agreement                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Variable rate, spread (as a percent)               6.00%  
LIBOR floor rate               2.375%  
Retail | Mezzanine Loans | Loan Modification Agreement                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Principal amount               $ 6,100  
Fixed rate of interest (as a percent)               12.00%  
Hotel | Forbearance Agreement                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Fixed rate of interest (as a percent)   9.50%              
Principal reduction               $ 10,000  
Pay rate (as a percent)               1.00%  
Hotel | LIBOR | Forbearance Agreement                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Variable rate, spread (as a percent)               3.00%  
LIBOR floor rate               1.50%  
Hotel | Bridge Loans                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Principal amount                 $ 110,000
Purchase of loan             60,000   $ 50,000
Loans and investments, net allowance for credit losses             7,500    
Loan discount             $ 39,900    
Total discount received               $ 20,100