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DEBT OBLIGATIONS, NET - Additional Information (Details)
3 Months Ended 9 Months Ended 12 Months Ended
Feb. 26, 2019
Extension
Feb. 06, 2019
USD ($)
Jul. 20, 2018
Apr. 03, 2018
USD ($)
Jan. 04, 2018
Dec. 06, 2017
USD ($)
Mar. 31, 2019
USD ($)
counterparty
agreement
Extension
Mar. 31, 2018
USD ($)
Mar. 31, 2017
USD ($)
Sep. 30, 2018
agreement
Dec. 31, 2018
USD ($)
Extension
Jan. 01, 2021
USD ($)
Apr. 01, 2020
USD ($)
Dec. 27, 2018
USD ($)
May 07, 2018
USD ($)
Dec. 21, 2017
USD ($)
Oct. 17, 2017
USD ($)
Feb. 19, 2016
Committed Loan and Securities Repurchase Facilities                                    
Gross amounts of recognized liabilities             $ 1,030,082,000       $ 663,686,000              
Mortgage loan receivables held for investment, net, at amortized cost:                                    
Amortization of premiums             386,000 $ 253,000                    
Mortgage loan and financing related to property sales   $ 6,600,000                                
Gain (loss) on extinguishment/defeasance of debt   $ (1,100,000)         (1,070,000) (69,000)                    
Collateralized Debt Obligations [Abstract]                                    
Gross amounts offset in the balance sheet             0       0              
Proceeds from borrowings under debt obligations             $ 4,042,942,000 1,312,451,000                    
Borrowings from Federal Home Loan Bank (FHLB) [Abstract]                                    
Percent of FHLB advances to total debt obligations outstanding             27.30%                      
Retained earnings, appropriated             $ 849,000,000                      
Sales proceeds from non-recourse debt             15,800,000                      
Tuebor                                    
Borrowings from Federal Home Loan Bank (FHLB) [Abstract]                                    
Amount restricted from transfer             1,800,000,000                      
Revolving credit facility                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed amount on credit agreement                             $ 300,000,000      
Debt borrowings term       1 year                            
Revolving credit facility | One-Month LIBOR                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed amount on credit agreement             $ 266,430,000                      
Basis spread on variable rate (as a percent)     25.00%                              
Borrowing Under Credit Facilties and Debt Issuance Costs [Abstract]                                    
Number of extension maturity periods | Extension 2           3                      
Length of extension options 12 months           12 months                      
Mortgage loan receivables held for investment, net, at amortized cost:                                    
Stated interest rate on debt instrument (as a percent)             3.25%                      
Revolving credit facility | Minimum                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed amount on credit agreement       $ 350,000,000                            
Revolving credit facility | Maximum                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed amount on credit agreement       $ 450,000,000                            
Letters of credit                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed amount on credit agreement             $ 25,000,000                      
Committed Loan Repurchase Facility                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed amount on credit agreement             1,750,000,000                      
Committed financing             1,750,000,000       1,750,000,000     $ 100,000,000        
Length of additional extension maturity periods         1 year                          
Gross amounts of recognized liabilities             $ 611,406,000       497,531,000              
Mortgage loan receivables held for investment, net, at amortized cost:                                    
Number of agreements | agreement             6                      
Collateralized Debt Obligations [Abstract]                                    
Gross amounts offset in the balance sheet             $ 902,725,000       744,310,000              
Term master repurchase agreement                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed financing             400,000,000                      
Total Repurchase Facilities                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed financing             $ 2,150,000,000       2,150,000,000              
Repurchase agreements, number of counterparties | counterparty             8                      
Gross amounts of recognized liabilities             $ 1,030,082,000       663,685,000              
Collateralized Debt Obligations [Abstract]                                    
Gross amounts offset in the balance sheet             $ 1,383,995,000       932,113,000              
Total Repurchase Facilities | Deutshe Bank, J.P. Morgan and Wells Fargo                                    
Committed Loan and Securities Repurchase Facilities                                    
Repurchase agreements, number of counterparties | counterparty             2                      
Excess collateral over amounts borrowed under repurchase agreements             $ 82,200,000                      
Ratio indebtedness over total equity (as a percent)             5.00%                      
Haircut on repurchase agreements (as a percent)             25.80%                      
Uncommitted securities Repurchase Facilities | Minimum                                    
Borrowing Under Credit Facilties and Debt Issuance Costs [Abstract]                                    
Advance rates (as a percent)             75.00%                      
Uncommitted securities Repurchase Facilities | Maximum                                    
Borrowing Under Credit Facilties and Debt Issuance Costs [Abstract]                                    
Advance rates (as a percent)             95.00%                      
Participation Financing - Mortgage Loan Receivable                                    
Committed Loan and Securities Repurchase Facilities                                    
Gross amounts of recognized liabilities             $ 2,400,000       2,500,000              
Collateralized Debt Obligations [Abstract]                                    
Proceeds from borrowings under debt obligations                 $ 4,000,000                  
Senior Unsecured Notes                                    
Collateralized Debt Obligations [Abstract]                                    
Unamortized debt issuance costs             10,509,000                      
2/24/2022 | Committed Loan Repurchase Facility                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed financing             600,000,000                      
Gross amounts of recognized liabilities             $ 200,501,000                      
Borrowing Under Credit Facilties and Debt Issuance Costs [Abstract]                                    
Number of extension maturity periods | Extension             2                      
Length of extension options             12 months                      
Collateralized Debt Obligations [Abstract]                                    
Gross amounts offset in the balance sheet             $ 278,295,000                      
2/24/2022 | Committed Loan Repurchase Facility | Minimum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             4.23%                      
2/24/2022 | Committed Loan Repurchase Facility | Maximum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             4.73%                      
10/1/2020 | Committed Loan Repurchase Facility                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed financing                     600,000,000              
Gross amounts of recognized liabilities                     $ 180,597,000              
Borrowing Under Credit Facilties and Debt Issuance Costs [Abstract]                                    
Number of extension maturity periods | Extension                     2              
Length of extension options                     12 months              
Collateralized Debt Obligations [Abstract]                                    
Gross amounts offset in the balance sheet                     $ 262,642,000              
10/1/2020 | Committed Loan Repurchase Facility | Minimum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate                     4.21%              
10/1/2020 | Committed Loan Repurchase Facility | Maximum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate                     4.96%              
Various Date | Uncommitted securities Repurchase Facilities                                    
Committed Loan and Securities Repurchase Facilities                                    
Gross amounts of recognized liabilities             $ 324,827,000       $ 166,154,000              
Collateralized Debt Obligations [Abstract]                                    
Gross amounts offset in the balance sheet             $ 368,046,000       $ 187,803,000              
Various Date | Uncommitted securities Repurchase Facilities | Minimum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             3.08%       2.99%              
Various Date | Uncommitted securities Repurchase Facilities | Maximum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             4.23%       4.55%              
Various Date | Mortgage loan financing                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed financing             $ 739,500,000       $ 743,902,000              
Gross amounts of recognized liabilities             739,500,000       743,902,000              
Collateralized Debt Obligations [Abstract]                                    
Gross amounts offset in the balance sheet             $ 931,275,000       $ 939,362,000              
Various Date | Mortgage loan financing | Minimum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             4.25%       4.25%              
Various Date | Mortgage loan financing | Maximum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             7.00%       7.00%              
Various Date | CLO Debt                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed financing             $ 497,334,000       $ 601,543,000              
Gross amounts of recognized liabilities             497,334,000       601,543,000              
Collateralized Debt Obligations [Abstract]                                    
Unamortized debt issuance costs             1,900,000       2,600,000              
Gross amounts offset in the balance sheet             $ 680,031,000       $ 710,502,000         $ 431,500,000 $ 456,900,000  
Various Date | CLO Debt | Minimum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             3.36%       3.34%              
Various Date | CLO Debt | Maximum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             6.08%       6.06%              
Various Date | CLO Debt | Weighted Average                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             4.65%                      
Various Date | Borrowings from the FHLB                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed financing             $ 1,945,795,000       $ 1,933,522,000              
Gross amounts of recognized liabilities             1,291,449,000       1,286,000,000              
Collateralized Debt Obligations [Abstract]                                    
Gross amounts offset in the balance sheet             $ 1,608,381,000       $ 1,652,952,000              
Various Date | Borrowings from the FHLB | Minimum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             1.47%       1.18%              
Various Date | Borrowings from the FHLB | Maximum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             3.08%       3.01%              
Various Date | Senior Unsecured Notes                                    
Collateralized Debt Obligations [Abstract]                                    
Unamortized debt issuance costs             $ 10,500,000       $ 11,200,000              
Borrowings from Federal Home Loan Bank (FHLB) [Abstract]                                    
Loan refinance             $ 1,166,201,000       $ 1,166,201,000              
Various Date | Senior Unsecured Notes | Minimum                                    
Mortgage loan receivables held for investment, net, at amortized cost:                                    
Stated interest rate on debt instrument (as a percent)             5.25%       5.25%              
Various Date | Senior Unsecured Notes | Maximum                                    
Mortgage loan receivables held for investment, net, at amortized cost:                                    
Stated interest rate on debt instrument (as a percent)             5.875%       5.875%              
4/7/2019 | Committed Loan Repurchase Facility                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed financing                     $ 300,000,000              
Gross amounts of recognized liabilities                     $ 120,631,000              
Borrowing Under Credit Facilties and Debt Issuance Costs [Abstract]                                    
Number of extension maturity periods | Extension                     1              
Length of extension options                     364 days              
Collateralized Debt Obligations [Abstract]                                    
Gross amounts offset in the balance sheet                     $ 204,747,000              
4/7/2019 | Committed Loan Repurchase Facility | Minimum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate                     4.46%              
4/7/2019 | Committed Loan Repurchase Facility | Maximum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate                     4.96%              
5/6/2021 | Committed Loan Repurchase Facility                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed financing             $ 300,000,000       $ 300,000,000              
Length of additional extension maturity periods             6 months       6 months              
Gross amounts of recognized liabilities             $ 117,275,000       $ 79,886,000              
Borrowing Under Credit Facilties and Debt Issuance Costs [Abstract]                                    
Number of extension maturity periods | Extension             1       1              
Length of extension options             12 months       12 months              
Collateralized Debt Obligations [Abstract]                                    
Gross amounts offset in the balance sheet             $ 173,142,000       $ 117,382,000              
5/6/2021 | Committed Loan Repurchase Facility | Minimum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             4.50%       4.44%              
5/6/2021 | Committed Loan Repurchase Facility | Maximum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             5.00%       4.94%              
7/20/2021 | Committed Loan Repurchase Facility                                    
Committed Loan and Securities Repurchase Facilities                                    
Committed financing             $ 100,000,000       $ 100,000,000              
Gross amounts of recognized liabilities             $ 54,893,000       $ 52,738,000              
Borrowing Under Credit Facilties and Debt Issuance Costs [Abstract]                                    
Number of extension maturity periods | Extension             1       1              
Length of extension options             12 months       12 months              
Collateralized Debt Obligations [Abstract]                                    
Gross amounts offset in the balance sheet             $ 79,822,000       $ 72,154,000              
7/20/2021 | Committed Loan Repurchase Facility | Minimum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             4.61%       4.58%              
7/20/2021 | Committed Loan Repurchase Facility | Maximum                                    
Collateralized Debt Obligations [Abstract]                                    
Interest rate             4.98%       4.96%              
Non-Recourse Debt                                    
Collateralized Debt Obligations [Abstract]                                    
Interest expense, debt             $ 100,000                      
Credit Agreement and Revolving Credit Facility                                    
Borrowing Under Credit Facilties and Debt Issuance Costs [Abstract]                                    
Unamortized debt issuance costs             9,000,000       $ 6,300,000              
Mortgage loan financing                                    
Mortgage loan receivables held for investment, net, at amortized cost:                                    
Mortgage loan financing             739,500,000 $ 743,900,000                    
Net unamortized premiums             5,800,000                      
Amortization of premiums             400,000                      
Pledged assets, real estate and lease intangibles, net             $ 931,300,000       $ 939,400,000              
Number of agreements | agreement             2     3                
Mortgage loan financing | Minimum                                    
Mortgage loan receivables held for investment, net, at amortized cost:                                    
Stated interest rate on debt instrument (as a percent)             4.25%                      
Mortgage loan financing | Maximum                                    
Mortgage loan receivables held for investment, net, at amortized cost:                                    
Stated interest rate on debt instrument (as a percent)             7.00%                      
Borrowings from the Federal Home Loan Bank | Tuebor                                    
Committed Loan and Securities Repurchase Facilities                                    
Debt borrowings term             5 years 6 months 3 days       5 years 9 months              
Borrowings from Federal Home Loan Bank (FHLB) [Abstract]                                    
Maximum advance limit           $ 2,000,000,000                        
Advance rates of total assets (as a percent)           40.00%                        
Advance rates of total equity (as a percent)           150.00%                        
FHLB borrowings outstanding             $ 1,300,000,000       $ 1,300,000,000              
Additional committed term financing available from FHLB             $ 654,300,000       $ 647,500,000              
Weighted average term             2 years 4 months 24 days       2 years 6 months              
Weighted average interest rate             2.61%       2.55%              
Maximum percent of FHLB advances to total assets                                   40.00%
Borrowings from the Federal Home Loan Bank | Tuebor | Minimum                                    
Borrowing Under Credit Facilties and Debt Issuance Costs [Abstract]                                    
Advance rates (as a percent)             53.90%       56.40%              
Mortgage loan receivables held for investment, net, at amortized cost:                                    
Stated interest rate on debt instrument (as a percent)             1.47%       1.18%              
Borrowings from the Federal Home Loan Bank | Tuebor | Maximum                                    
Borrowing Under Credit Facilties and Debt Issuance Costs [Abstract]                                    
Advance rates (as a percent)             100.00%       95.20%              
Mortgage loan receivables held for investment, net, at amortized cost:                                    
Stated interest rate on debt instrument (as a percent)             3.08%       3.01%              
Borrowings from the Federal Home Loan Bank | Tuebor | CMBS and U.S. Agency Securities                                    
Borrowings from Federal Home Loan Bank (FHLB) [Abstract]                                    
Collateral for debt instrument             $ 942,900,000       $ 1,000,000,000              
Borrowings from the Federal Home Loan Bank | Tuebor | First mortgage commercial real estate loans                                    
Borrowings from Federal Home Loan Bank (FHLB) [Abstract]                                    
Collateral for debt instrument             660,000,000       $ 637,200,000              
Affiliated Entity | Various Date | CLO Debt                                    
Collateralized Debt Obligations [Abstract]                                    
Ownership percentage                               25.00% 18.50%  
Scenario, Forecast | Borrowings from the Federal Home Loan Bank | Tuebor                                    
Borrowings from Federal Home Loan Bank (FHLB) [Abstract]                                    
Maximum advance limit                       $ 750,000,000 $ 1,500,000,000          
B Participation Interest | Affiliated Entity | Participation Financing - Mortgage Loan Receivable | Related Reserve IV LLC                                    
Collateralized Debt Obligations [Abstract]                                    
Interest expense, debt             $ 100,000                      
LCFH                                    
Borrowings from Federal Home Loan Bank (FHLB) [Abstract]                                    
Ownership interest in LCFH             89.00%                      
LCFH | LCFC                                    
Borrowings from Federal Home Loan Bank (FHLB) [Abstract]                                    
Ownership interest in LCFH             100.00%