XML 70 R43.htm IDEA: XBRL DOCUMENT v3.20.1
MORTGAGE LOAN RECEIVABLES - Additional Information (Details)
3 Months Ended 12 Months Ended
Jan. 01, 2020
USD ($)
loans
$ / shares
Sep. 19, 2018
Mar. 31, 2018
USD ($)
Mar. 31, 2020
USD ($)
loan
Mar. 31, 2020
USD ($)
Mar. 31, 2020
USD ($)
loans
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Mar. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Sep. 30, 2018
USD ($)
Dec. 31, 2019
USD ($)
loan
Dec. 31, 2018
USD ($)
Dec. 31, 2016
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
Unamortized discounts included in mortgage loan receivables held for investment, at amortized cost       $ 400,000 $ 400,000 $ 400,000 $ 400,000              
General CECL Reserve       49,457,000 49,457,000 49,457,000 49,457,000 $ 20,500,000       $ 20,500,000    
Individually impaired loans       81,316,000 81,316,000 81,316,000 81,316,000              
Provision expense for current expected credit loss (implementation impact)         17,993,000       $ 300,000          
Provision for loan losses         26,581,000       300,000          
Loans nonaccrual status, amount       142,387,000 142,387,000 142,387,000 $ 142,387,000 98,725,000       98,725,000    
Minimum                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
Direct capitalization rate     4.70%       4.60%              
Maximum                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
Direct capitalization rate     5.00%       4.90%              
Total mortgage loan receivables held for investment, net, at amortized cost                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
Loans receivable with variable rates of interest       $ 2,800,000,000 $ 2,800,000,000 $ 2,800,000,000 $ 2,800,000,000 $ 2,500,000,000       $ 2,500,000,000    
Loans receivable with variable rates of interest       80.00% 80.00% 80.00% 80.00% 77.20%       77.20%    
Loans receivable with variable rates of interest, subject to interest rate floors       100.00% 100.00% 100.00% 100.00% 100.00%       100.00%    
General CECL Reserve       $ 49,457,000 $ 49,457,000 $ 49,457,000 $ 49,457,000 $ 20,500,000 18,200,000 $ 17,900,000   $ 20,500,000 $ 17,900,000  
Provision expense for current expected credit loss (implementation impact)         4,964,000                  
Provision for loan losses         (2,000,000)                  
Loans in default, carrying value       $ 61,500,000 61,500,000 61,500,000 $ 61,500,000     45,000,000.0     $ 45,000,000.0  
Total mortgage loan receivables held for investment, net, at amortized cost | Two Company Loans                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
Number or loans in default       2     2           2  
Loans in default, carrying value       $ 26,900,000 26,900,000 26,900,000 $ 26,900,000 26,900,000   46,400,000   $ 26,900,000 $ 46,400,000  
Total mortgage loan receivables held for investment, net, at amortized cost | One Company Loan                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
Loan reserve amount               500,000            
Number or loans in default     1       1         1 1 1
Loans in default, carrying value     $ 5,900,000 4,100,000 4,100,000 4,100,000 $ 4,100,000     4,100,000     $ 4,100,000 $ 5,900,000
Total mortgage loan receivables held for investment, net, at amortized cost | One Company Loan | Series A                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
Loans in default, carrying value                   35,000,000.0     35,000,000.0  
Total mortgage loan receivables held for investment, net, at amortized cost | One Company Loan | Series B                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
Loans in default, carrying value               10,400,000   $ 10,000,000.0   $ 10,400,000 $ 10,000,000.0  
Total mortgage loan receivables held for investment, net, at amortized cost | One Company Loan | Minimum                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
Percentage of equity kicker not subject to investment                   19.00%        
Total mortgage loan receivables held for investment, net, at amortized cost | One Company Loan | Maximum                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
Percentage of equity kicker not subject to investment                   25.00%        
Total mortgage loan receivables held for investment, net, at amortized cost | Asset Specific Reserve, Company Loan                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
Loan reserve amount     $ 2,700,000               $ 10,000,000.0      
Loans in default, carrying value       46,400,000 46,400,000 46,400,000 46,400,000 61,500,000       61,500,000    
Terminal capitalization rate   7.50%                        
Discount rate                     8.75%      
Total mortgage loan receivables held for investment, net, at amortized cost | Two Of Company Loans 2                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
Loans in default, carrying value       7,700,000 7,700,000 7,700,000 7,700,000              
Mortgage loan receivables held for sale                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
Loans receivable with fixed rates of interest       $ 154,800,000 $ 154,800,000 $ 154,800,000 $ 154,800,000 $ 122,700,000       $ 122,700,000    
Percentage of loans receivable with fixed rates of interest       100.00% 100.00% 100.00% 100.00% 100.00%       100.00%    
Provision for loan losses                 $ 0          
Loan on non-accrual status                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
Loans nonaccrual status, amount       $ 0 $ 0 $ 0 $ 0              
Accounting Standards Update 2016-13                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
General CECL Reserve $ 11,600,000     30,200,000 30,200,000 30,200,000 30,200,000              
Increase of reserve to provision expenses         18,000,000.0                  
Percentage of total loan portfolio 0.36%                          
Carrying value of held for investment loan portfolio $ 3,200,000,000                          
Provision expense for current expected credit loss (implementation impact) $ 5,800,000                          
Book value of common stock (in usd per share) | $ / shares $ 0.05                          
Additional CECL reserve recorded       $ 18,600,000 18,600,000 $ 18,600,000 18,600,000              
Loans that previously had asset-specific reserves 3     4   5                
Increase in reserve of unfunded commitments       $ 600,000 600,000 $ 600,000 600,000              
Accounting Standards Update 2016-13 | Asset Specific Reserve, Company Loan                            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                            
General CECL Reserve $ 14,700,000     $ 20,700,000 $ 20,700,000 $ 20,700,000 $ 20,700,000              
Carrying value of financing receivable 39,800,000                          
Aggregate amount of loan specific reserves $ 7,500,000