XML 51 R36.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Loans and Investments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Loans and Investments [Abstract] |
Summary of Structured Business Loan and Investment Portfolio | Our Structured Business loan and investment portfolio consists of ($ in thousands):
| December 31, 2024 |  | Percent of Total |  | Loan Count |  | Wtd. Avg. Pay Rate (1) |  | Wtd. Avg. Remaining Months to Maturity (2) |  | Wtd. Avg. First Dollar LTV Ratio (3) |  | Wtd. Avg. Last Dollar LTV Ratio (4)
Bridge loans (5) | $ | 10,893,106 |  |  | 96 | % |  | 688 |  | 6.89 | % |  | 11.6 |  |  | 0 | % |  | 80 | %
Mezzanine loans | 255,556 |  |  | 2 | % |  | 58 |  | 7.52 | % |  | 51.8 |  |  | 51 | % |  | 82 | %
Preferred equity investments | 148,845 |  |  | 1 | % |  | 27 |  | 6.42 | % |  | 53.9 |  |  | 62 | % |  | 79 | %
Construction - multifamily | 4,367 |  |  | <1% |  | 2 |  | 9.97 | % |  | 20.8 |  |  | 0 | % |  | 42 | %
SFR permanent loans | 3,082 |  |  | <1% |  | 1 |  | 9.36 | % |  | 10.3 |  |  | 0 | % |  | 40 | %
Total UPB | 11,304,956 |  |  | 100 | % |  | 776 |  | 6.90 | % |  | 13.1 |  |  | 2 | % |  | 80 | %
Allowance for credit losses | (238,967) |  |  |  |  |  |  |  |  |  |  |  |  |
Unearned revenue | (31,992) |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and investments, net (6) | $ | 11,033,997 |  |  |  |  |  |  |  |  |  |  |  |  |
| December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Bridge loans (5) | $ | 12,273,244 |  |  | 97 | % |  | 679 |  | 8.45 | % |  | 12.0 |  | 0 | % |  | 78 | %
Mezzanine loans | 248,457 |  |  | 2 | % |  | 49 |  | 8.41 | % |  | 56.6 |  | 48 | % |  | 80 | %
Preferred equity investments | 85,741 |  |  | 1 | % |  | 17 |  | 3.95 | % |  | 60.3 |  | 53 | % |  | 82 | %
SFR permanent loans | 7,564 |  |  | <1% |  | 2 |  | 9.84 | % |  | 13.9 |  | 0 | % |  | 56 | %
Total UPB | 12,615,006 |  |  | 100 | % |  | 747 |  | 8.42 | % |  | 13.2 |  | 1 | % |  | 78 | %
Allowance for credit losses | (195,664) |  |  |  |  |  |  |  |  |  |  |  |  |
Unearned revenue | (41,536) |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and investments, net (6) | $ | 12,377,806 |  |  |  |  |  |  |  |  |  |  |  |  |
________________________________________ (1)“Weighted Average Pay Rate” is a weighted average, based on the UPB of each loan in our portfolio, of the interest rate required to be paid as stated in the individual loan agreements. Certain loans and investments that require an accrual rate to be paid at maturity are not included in the weighted average pay rate as shown in the table. (2)Including extension options, the weighted average remaining months to maturity at December 31, 2024 and 2023 was 22.7 and 29.4, respectively. (3)The “First Dollar Loan-to-Value (“LTV”) Ratio” is calculated by comparing the total of our senior most dollar and all senior lien positions within the capital stack to the fair value of the underlying collateral to determine the point at which we will absorb a total loss of our position. (4)The “Last Dollar LTV Ratio” is calculated by comparing the total of the carrying value of our loan and all senior lien positions within the capital stack to the fair value of the underlying collateral to determine the point at which we will initially absorb a loss. (5)At December 31, 2024 and 2023, bridge loans included 423 and 354, respectively, of SFR loans with a total gross loan commitment of $4.18 billion and $2.86 billion, respectively, of which $1.99 billion and $1.32 billion, respectively, was funded. (6)Excludes exit fee receivables of $46.6 million and $38.5 million at December 31, 2024 and 2023, respectively, which is included in other assets on the consolidated balance sheets.
Schedule of the Loan Portfolio's Internal Risk Ratings and LTV Ratios by Asset Class | A summary of the loan portfolio’s internal risk ratings and LTV ratios by asset class at December 31, 2024, and charge-offs recorded during 2024 is as follows ($ in thousands):
|  | UPB by Origination Year |  | Total |  | Wtd. Avg. First Dollar LTV Ratio |  | Wtd. Avg. Last Dollar LTV Ratio
Asset Class / Risk Rating |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |
Multifamily: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 308,228 |  |  | $ | 41,713 |  |  | $ | 69,000 |  |  | $ | 10,205 |  |  | $ | 2,010 |  |  | $ | 24,823 |  |  | $ | 455,979 |  |  |  |  |
Pass/Watch |  | 357,724 |  |  | 308,353 |  |  | 1,012,593 |  |  | 462,709 |  |  | 119,860 |  |  | 113,100 |  |  | 2,374,339 |  |  |  |  |
Special Mention |  | 79,618 |  |  | 31,344 |  |  | 2,340,782 |  |  | 2,958,064 |  |  | — |  |  | 94,529 |  |  | 5,504,337 |  |  |  |  |
Substandard |  | — |  |  | 658 |  |  | 159,100 |  |  | 206,277 |  |  | — |  |  | 21,700 |  |  | 387,735 |  |  |  |  |
Doubtful |  | 12,460 |  |  | — |  |  | 193,850 |  |  | 159,379 |  |  | 14,800 |  |  | 9,765 |  |  | 390,254 |  |  |  |  |
Total Multifamily |  | $ | 758,030 |  |  | $ | 382,068 |  |  | $ | 3,775,325 |  |  | $ | 3,796,634 |  |  | $ | 136,670 |  |  | $ | 263,917 |  |  | $ | 9,112,644 |  |  | 2 | % |  | 83 | %
Single-Family Rental: |  | Percentage of portfolio |  | 81 | % |  |  |  |
Pass |  | $ | 246,234 |  |  | $ | 32,875 |  |  | $ | 10,683 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 289,792 |  |  |  |  |
Pass/Watch |  | 422,063 |  |  | 410,419 |  |  | 356,567 |  |  | 94,503 |  |  | 41,848 |  |  | — |  |  | 1,325,400 |  |  |  |  |
Special Mention |  | — |  |  | 31,043 |  |  | 139,125 |  |  | 107,155 |  |  | 87,967 |  |  | — |  |  | 365,290 |  |  |  |  |
Doubtful |  | 5,704 |  |  | 10,786 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 16,490 |  |  |  |  |
Total Single-Family Rental |  | $ | 674,001 |  |  | $ | 485,123 |  |  | $ | 506,375 |  |  | $ | 201,658 |  |  | $ | 129,815 |  |  | $ | — |  |  | $ | 1,996,972 |  |  | 0 | % |  | 61 | %
Land: |  | Percentage of portfolio |  | 18 | % |  |  |  |
Pass |  | $ | 7,282 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 7,282 |  |  |  |  |
Special Mention |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,500 |  |  | — |  |  | 3,500 |  |  |  |  |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 127,928 |  |  | 127,928 |  |  |  |  |
Total Land |  | $ | 7,282 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,500 |  |  | $ | 127,928 |  |  | $ | 138,710 |  |  | 0 | % |  | 96 | %
Office: |  | Percentage of portfolio |  | 1 | % |  |  |  |
Special Mention |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 35,410 |  |  | $ | — |  |  | $ | 35,410 |  |  |  |  |
Total Office |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 35,410 |  |  | $ | — |  |  | $ | 35,410 |  |  | 0 | % |  | 94 | %
Retail: |  | Percentage of portfolio |  | <1% |  |  |  |
Substandard |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 19,520 |  |  | $ | 19,520 |  |  |  |  |
Total Retail |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 19,520 |  |  | $ | 19,520 |  |  | 0 | % |  | 88 | %
Commercial: |  | Percentage of portfolio |  | < 1% |  |  |  |
Doubtful |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,700 |  |  | $ | 1,700 |  |  |  |  |
Total Commercial |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,700 |  |  | $ | 1,700 |  |  | 0 | % |  | 100 | %
|  | Percentage of portfolio |  | < 1% |  |  |  |
Grand Total |  | $ | 1,439,313 |  |  | $ | 867,191 |  |  | $ | 4,281,700 |  |  | $ | 3,998,292 |  |  | $ | 305,395 |  |  | $ | 413,065 |  |  | $ | 11,304,956 |  |  | 2 | % |  | 80 | %
Charge-offs |  | $ | 464 |  |  | $ | — |  |  | $ | 4,077 |  |  | $ | 7,668 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,209 |  |  |  |  |
A summary of the loan portfolio’s internal risk ratings and LTV ratios by asset class at December 31, 2023, and charge-offs recorded during 2023 is as follows ($ in thousands):
|  | UPB by Origination Year |  | Total |  | Wtd. Avg. First Dollar LTV Ratio |  | Wtd. Avg. Last Dollar LTV Ratio
Asset Class / Risk Rating |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |
Multifamily: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 80,814 |  |  | $ | 53,316 |  |  | $ | 26,185 |  |  | $ | 2,010 |  |  | $ | 4,598 |  |  | $ | 20,300 |  |  | $ | 187,223 |  |  |  |  |
Pass/Watch |  | 317,358 |  |  | 2,561,938 |  |  | 2,223,155 |  |  | 119,860 |  |  | 84,600 |  |  | 58,044 |  |  | 5,364,955 |  |  |  |  |
Special Mention |  | 24,424 |  |  | 1,762,539 |  |  | 2,631,689 |  |  | 180,750 |  |  | 140,685 |  |  | 350 |  |  | 4,740,437 |  |  |  |  |
Substandard |  | — |  |  | 435,878 |  |  | 322,987 |  |  | 8,006 |  |  | — |  |  | — |  |  | 766,871 |  |  |  |  |
Doubtful |  | — |  |  | — |  |  | 13,930 |  |  | 14,800 |  |  | 9,765 |  |  | — |  |  | 38,495 |  |  |  |  |
Total Multifamily |  | $ | 422,596 |  |  | $ | 4,813,671 |  |  | $ | 5,217,946 |  |  | $ | 325,426 |  |  | $ | 239,648 |  |  | $ | 78,694 |  |  | $ | 11,097,981 |  |  | 1 | % |  | 80 | %
Single-Family Rental: |  | Percentage of portfolio |  | 88 | % |  |  |  |
Pass |  | $ | 9,709 |  |  | $ | 608 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 10,317 |  |  |  |  |
Pass/Watch |  | 289,482 |  |  | 465,057 |  |  | 144,846 |  |  | 119,692 |  |  | — |  |  | — |  |  | 1,019,077 |  |  |  |  |
Special Mention |  | 31,131 |  |  | 45,145 |  |  | 218,697 |  |  | — |  |  | — |  |  | — |  |  | 294,973 |  |  |  |  |
Total Single-Family Rental |  | $ | 330,322 |  |  | $ | 510,810 |  |  | $ | 363,543 |  |  | $ | 119,692 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,324,367 |  |  | 0 | % |  | 62 | %
Land: |  | Percentage of portfolio |  | 10 | % |  |  |  |
Pass/Watch |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,600 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,600 |  |  |  |  |
Special Mention |  | — |  |  | — |  |  | — |  |  | 3,500 |  |  | — |  |  | — |  |  | 3,500 |  |  |  |  |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 127,928 |  |  | 127,928 |  |  |  |  |
Total Land |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 8,100 |  |  | $ | — |  |  | $ | 127,928 |  |  | $ | 136,028 |  |  | 0 | % |  | 97 | %
Office: |  | Percentage of portfolio |  | 1 | % |  |  |  |
Special Mention |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 35,410 |  |  | $ | — |  |  | $ | — |  |  | $ | 35,410 |  |  |  |  |
Total Office |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 35,410 |  |  | $ | — |  |  | $ | — |  |  | $ | 35,410 |  |  | 0 | % |  | 80 | %
Retail: |  | Percentage of portfolio |  | < 1% |  |  |  |
Substandard |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 19,520 |  |  | $ | 19,520 |  |  |  |  |
Total Retail |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 19,520 |  |  | $ | 19,520 |  |  | 0 | % |  | 88 | %
Commercial: |  | Percentage of portfolio |  | < 1% |  |  |  |
Doubtful |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,700 |  |  | $ | 1,700 |  |  |  |  |
Total Commercial |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,700 |  |  | $ | 1,700 |  |  | 63 | % |  | 66 | %
|  | Percentage of portfolio |  | < 1% |  |  |  |
Grand Total |  | $ | 752,918 |  |  | $ | 5,324,481 |  |  | $ | 5,581,489 |  |  | $ | 488,628 |  |  | $ | 239,648 |  |  | $ | 227,842 |  |  | $ | 12,615,006 |  |  | 1 | % |  | 78 | %
Charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,700 |  |  | $ | 5,700 |  |  |  |  |
Schedule of the Changes in the Allowance for Credit Losses | A summary of the changes in the allowance for credit losses is as follows (in thousands):
| Year Ended December 31, 2024
| Multifamily |  | Land |  | Retail |  | Commercial |  | Single-Family Rental |  | Office |  | Other |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 110,847 |  |  | $ | 78,058 |  |  | $ | 3,293 |  |  | $ | 1,700 |  |  | $ | 1,624 |  |  | $ | 142 |  |  | $ | — |  |  | $ | 195,664 |
Provision for credit losses (net of recoveries) | 49,501 |  |  | 72 |  |  | — |  |  | — |  |  | 5,900 |  |  | 39 |  |  | — |  |  | 55,512 |
Charge-offs (1) | (12,209) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (12,209) |
Ending balance | $ | 148,139 |  |  | $ | 78,130 |  |  | $ | 3,293 |  |  | $ | 1,700 |  |  | $ | 7,524 |  |  | $ | 181 |  |  | $ | — |  |  | $ | 238,967 |
| Year Ended December 31, 2023
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 37,961 |  |  | $ | 78,068 |  |  | $ | 5,819 |  |  | $ | 1,700 |  |  | $ | 780 |  |  | $ | 8,162 |  |  | $ | 69 |  |  | $ | 132,559 |
Provision for credit losses (net of recoveries) | 72,886 |  |  | (10) |  |  | (2,526) |  |  | — |  |  | 844 |  |  | (2,320) |  |  | (69) |  |  | 68,805 |
Charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,700) |  |  | — |  |  | (5,700) |
Ending balance | $ | 110,847 |  |  | $ | 78,058 |  |  | $ | 3,293 |  |  | $ | 1,700 |  |  | $ | 1,624 |  |  | $ | 142 |  |  | $ | — |  |  | $ | 195,664 |
| Year Ended December 31, 2022
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 18,707 |  |  | $ | 77,970 |  |  | $ | 5,819 |  |  | $ | 1,700 |  |  | $ | 319 |  |  | $ | 8,073 |  |  | $ | 653 |  |  | $ | 113,241 |
Provision for credit losses (net of recoveries) | 19,254 |  |  | 98 |  |  | — |  |  | — |  |  | 461 |  |  | 89 |  |  | (584) |  |  | 19,318 |
Ending balance | $ | 37,961 |  |  | $ | 78,068 |  |  | $ | 5,819 |  |  | $ | 1,700 |  |  | $ | 780 |  |  | $ | 8,162 |  |  | $ | 69 |  |  | $ | 132,559 |
________________________ (1)Includes $8.4 million of specific reserves on two multifamily bridge loans that we foreclosed on and took back the underlying collateral as REO assets at fair value.
Summary of Specific Loans Considered Impaired by Asset Class | A summary of our specific reserve loans considered impaired by asset class is as follows ($ in thousands):
|  | December 31, 2024
Asset Class |  | UPB (1) |  | Carrying Value |  | Allowance for Credit Losses |  | Wtd. Avg. First Dollar LTV Ratio |  | Wtd. Avg. Last Dollar LTV Ratio
Multifamily |  | $ | 456,261 |  |  | $ | 444,400 |  |  | $ | 60,887 |  |  | 0 | % |  | 99 | %
Land |  | 134,215 |  |  | 127,868 |  |  | 77,869 |  |  | 0 | % |  | 99 | %
Retail |  | 19,520 |  |  | 15,068 |  |  | 3,293 |  |  | 0 | % |  | 87 | %
Commercial |  | 1,700 |  |  | 1,700 |  |  | 1,700 |  |  | 0 | % |  | 100 | %
Total |  | $ | 611,696 |  |  | $ | 589,036 |  |  | $ | 143,749 |  |  | 0 | % |  | 99 | %
|  | December 31, 2023
Multifamily |  | $ | 272,493 |  |  | $ | 260,291 |  |  | $ | 37,750 |  |  | 0 | % |  | 100 | %
Land |  | 134,215 |  |  | 127,868 |  |  | 77,869 |  |  | 0 | % |  | 99 | %
Retail |  | 19,521 |  |  | 15,037 |  |  | 3,292 |  |  | 0 | % |  | 88 | %
Commercial |  | 1,700 |  |  | 1,700 |  |  | 1,700 |  |  | 0 | % |  | 100 | %
Total |  | $ | 427,929 |  |  | $ | 404,896 |  |  | $ | 120,611 |  |  | 0 | % |  | 99 | %
________________________________________ (1)Represents the UPB of twenty-seven and nineteen impaired loans (less unearned revenue and other holdbacks and adjustments) by asset class at December 31, 2024 and 2023, respectively.
Schedule of our Non-Performing Loans by Asset Class | A summary of our non-performing loans by asset class is as follows (in thousands):
| December 31, 2024 |  | December 31, 2023
| UPB |  | Carrying Value |  | UPB |  | Carrying Value
Multifamily | $ | 649,227 |  |  | $ | 620,072 |  |  | $ | 271,532 |  |  | $ | 260,129 |
Commercial | 1,700 |  |  | 1,700 |  |  | 1,700 |  |  | 1,700 |
Retail | 920 |  |  | 910 |  |  | 920 |  |  | 910 |
Total | $ | 651,847 |  |  | $ | 622,682 |  |  | $ | 274,152 |  |  | $ | 262,739 |
|  | Year ended December 31, 2024 |  |
Beginning balance (twenty-four multifamily bridge loans) |  | $ | 956,917 |  |  |
Loans that progressed to greater than 60 days past due |  | (676,881) |  |  |
Loans modified or paid off (1) |  | (1,103,676) |  |  |
Additional loans that are now less than 60 days past due experiencing late and partial payments |  | 991,068 |  |  |
Ending balance (nine multifamily bridge loans) |  | $ | 167,428 |  |  |
________________________ (1)The modifications included bringing the loans current by paying past due interest owed (see Loan Modifications section below).
Financing Receivable, Modified | The following table represents the UPB of loan modifications, as of the modification date, made to borrowers experiencing financial difficulty during 2024 and the deferred interest recorded on those loans at December 31, 2024 (in thousands):
Asset Class |  | Payment Deferrals With/Without Term Extensions (1) |  | Term Extensions (2) |  | Rate Reductions With/Without Term Extensions (3) |  | Other (4) |  | Total (5)(6) |  | December 31, 2024 Deferred Interest (7)
Multifamily |  | $ | 2,312,067 |  |  | $ | 984,372 |  |  | $ | 134,630 |  |  | $ | 574,491 |  |  | $ | 4,005,560 |  |  | $ | 28,600 |
Single-Family Rental |  | 74,078 |  |  | — |  |  | 38,479 |  |  | — |  |  | 112,557 |  |  | 570 |
Total UPB |  | $ | 2,386,145 |  |  | $ | 984,372 |  |  | $ | 173,109 |  |  | $ | 574,491 |  |  | $ | 4,118,117 |  |  | $ | 29,170 |
________________________ (1)These loans were modified to a weighted average pay rate and deferred rate of 5.99% and 2.06%, respectively, at December 31, 2024 and to extend the weighted average term by 14.4 months. These modifications include loans with a total UPB of $379.0 million in which the pay rate increases from time-to-time throughout the loans maturities. (2)These loans were modified to extend the maturity date. The weighted average term extension was 11.7 months. (3)These loans were modified to extend the weighted average term by 23.6 months and to reduce the weighted average interest rate by 0.62%. (4)These loan modifications included amending certain terms, such as reallocating and/or replenishment of reserves. (5)The total UPB of the loan modifications made during 2024 was $3.97 billion at December 31, 2024 and represents 35% of our total Structured Business loans and investments portfolio. (6)At December 31, 2024, modified loans with a total UPB of $413.4 million have specific reserves totaling $44.3 million. (7)These amounts are included in other assets on the consolidated balance sheets. The following table represents the UPB of loan modifications, as of the modification date, made to borrowers experiencing financial difficulty during 2023 and the deferred interest recorded on those loans at December 31, 2024 (in thousands):
Asset Class |  | Payment Deferrals With Term Extensions (1)(2) |  | December 31, 2024 Deferred Interest (3)
Multifamily |  | $ | 398,461 |  |  | $ | 9,945 |
________________________ (1)These loans were modified to a weighted average pay rate and deferred rate of 5.92% and 2.16% at December 31, 2024, respectively, and to extend the weighted average term by 14.6 months. (2)The total UPB of the loan modifications made during 2023 was $351.8 million at December 31, 2024 and represents 3% of our total Structured Business loans and investments portfolio. (3)The deferred interest balance was $2.3 million at December 31, 2023. These amounts are included in other assets on the consolidated balance sheets.

X
- References No definition available. + Details
Name: | abr_LoansAndInvestmentsAbstract
Namespace Prefix: | abr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Purchased Financial Assets with Credit Deterioration + References No definition available. + Details
Name: | abr_PurchasedFinancialAssetsWithCreditDeteriorationTableTextBlock
Namespace Prefix: | abr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
Name: | us-gaap_InvestmentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7A Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-14 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-80 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable modified for debtor experiencing financial difficulty. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-34 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 33 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-33 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481933/310-10-55-12A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-42 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-42 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration