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DEBT OBLIGATIONS, NET - Schedule of Company's Debt Obligations (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2023
USD ($)
extensionOfMaturityPeriod
Dec. 31, 2022
USD ($)
extensionOfMaturityPeriod
Assets Sold under Agreements to Repurchase [Line Items]    
Carrying Value of Debt Obligations $ 769,266 $ 847,863
Debt obligations 3,022,835  
Carrying Amount of Collateral 0 0
Committed Loan Repurchase Facility    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount 1,200,000 1,300,000
Carrying Value of Debt Obligations 651,224 616,894
Committed but Unfunded 548,776 683,106
Carrying Amount of Collateral 906,081 860,485
Fair Value of Collateral 902,850 861,284
Committed Loan Repurchase Facility | Maturing on 27 September 2025    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount 500,000 500,000
Carrying Value of Debt Obligations 318,983 318,983
Committed but Unfunded 181,017 181,017
Carrying Amount of Collateral 431,809 428,477
Fair Value of Collateral $ 431,395 $ 429,276
Number of extension maturity periods | extensionOfMaturityPeriod 2 2
Length of extension options 12 months 12 months
Committed Loan Repurchase Facility | Maturing On February 26 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount   $ 100,000
Carrying Value of Debt Obligations   0
Committed but Unfunded   100,000
Carrying Amount of Collateral   0
Fair Value of Collateral   $ 0
Number of extension maturity periods | extensionOfMaturityPeriod   1
Length of extension options   12 months
Committed Loan Repurchase Facility | Maturing on 19 December 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount $ 300,000 $ 300,000
Carrying Value of Debt Obligations 206,867 157,558
Committed but Unfunded 93,133 142,442
Carrying Amount of Collateral 306,449 244,102
Fair Value of Collateral $ 303,632 $ 244,102
Number of extension maturity periods | extensionOfMaturityPeriod 2 2
Length of extension options 364 days 364 days
Committed Loan Repurchase Facility | Maturing on April 30 2024    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount $ 100,000 $ 100,000
Carrying Value of Debt Obligations 47,415 47,415
Committed but Unfunded 52,585 52,585
Carrying Amount of Collateral 64,263 63,307
Fair Value of Collateral $ 64,263 $ 63,307
Number of extension maturity periods | extensionOfMaturityPeriod 3 3
Length of extension options 12 months 12 months
Committed Loan Repurchase Facility | Maturing On 2 January 2024    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount $ 100,000  
Carrying Value of Debt Obligations 77,959  
Committed but Unfunded 22,041  
Carrying Amount of Collateral 103,560  
Fair Value of Collateral $ 103,560  
Number of extension maturity periods | extensionOfMaturityPeriod 1  
Length of extension options 12 months  
Committed Loan Repurchase Facility | Maturing On 3 January 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount   $ 100,000
Carrying Value of Debt Obligations   77,959
Committed but Unfunded   22,041
Carrying Amount of Collateral   103,393
Fair Value of Collateral   103,393
Committed Loan Repurchase Facility | Maturing On 22 January 2024    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount $ 100,000 100,000
Carrying Value of Debt Obligations 0 0
Committed but Unfunded 100,000 100,000
Carrying Amount of Collateral 0 0
Fair Value of Collateral $ 0 $ 0
Number of extension maturity periods | extensionOfMaturityPeriod 2 2
Length of extension options 12 months 12 months
Committed Loan Repurchase Facility | Maturing On 14 July 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount $ 100,000 $ 100,000
Carrying Value of Debt Obligations 0 14,979
Committed but Unfunded 100,000 85,021
Carrying Amount of Collateral 0 21,206
Fair Value of Collateral $ 0 $ 21,206
Length of extension options 364 days 364 days
Committed Securities Repurchase Facility | Maturing On 27 May 2024    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount $ 100,000  
Carrying Value of Debt Obligations 8,032  
Committed but Unfunded 91,968  
Carrying Amount of Collateral 9,150  
Fair Value of Collateral 9,150  
Committed Securities Repurchase Facility | Maturing On 27 May 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount   $ 100,000
Carrying Value of Debt Obligations   8,640
Committed but Unfunded   91,360
Carrying Amount of Collateral   10,023
Fair Value of Collateral   10,023
Uncommitted Securities Repurchase Facility | Maturing On 27 April 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Carrying Value of Debt Obligations 110,011  
Carrying Amount of Collateral 121,387  
Fair Value of Collateral 121,387  
Restricted securities held-to-maturity 1,900  
Uncommitted Securities Repurchase Facility | Maturing On 2 March 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Carrying Value of Debt Obligations   222,328
Carrying Amount of Collateral   247,351
Fair Value of Collateral   247,351
Restricted securities held-to-maturity   2,000
Total Repurchase Facilities    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount 1,300,000 1,400,000
Carrying Value of Debt Obligations 769,267 847,862
Committed but Unfunded 640,744 774,466
Carrying Amount of Collateral 1,036,618 1,117,859
Fair Value of Collateral 1,033,387 1,118,658
Revolving Credit Facility | Maturing On 27 July 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount 323,850 323,850
Carrying Value of Debt Obligations 0 0
Committed but Unfunded $ 323,850 $ 323,850
Number of extension maturity periods | extensionOfMaturityPeriod 4 4
Length of extension options 12 months 12 months
Mortgage Loan Financing | Various Date    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount $ 469,385 $ 497,454
Carrying Value of Debt Obligations 469,690 497,991
Committed but Unfunded 0 0
Carrying Amount of Collateral 523,041 559,885
Fair Value of Collateral 667,818 710,977
CLO Debt    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount 1,100,000  
Unamortized debt issuance costs 4,800  
CLO Debt | Various Date    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount 1,064,365 1,064,365
Carrying Value of Debt Obligations 1,059,593 1,058,462
Committed but Unfunded 0 0
Carrying Amount of Collateral 1,331,079 1,308,654
Fair Value of Collateral 1,331,079 1,308,654
Unamortized debt issuance costs 4,800 5,900
Borrowings from the FHLB | Various Date    
Assets Sold under Agreements to Repurchase [Line Items]    
Committed / Principal Amount 213,000 213,000
Carrying Value of Debt Obligations 213,000 213,000
Committed but Unfunded 0 0
Carrying Amount of Collateral 250,747 248,806
Fair Value of Collateral 250,747 248,806
Restricted securities held-to-maturity 6,600 6,600
Senior Unsecured Notes    
Assets Sold under Agreements to Repurchase [Line Items]    
Unamortized debt issuance costs 14,185  
Senior Unsecured Notes | Various Date    
Assets Sold under Agreements to Repurchase [Line Items]    
Debt issued 1,585,063 1,643,794
Senior Unsecured Notes 1,570,878 1,628,382
Committed but Unfunded 0 0
Unamortized debt issuance costs 14,200 15,400
Total Debt Obligations    
Assets Sold under Agreements to Repurchase [Line Items]    
Debt issued 4,955,663 5,142,463
Debt obligations 4,082,428 4,245,697
Committed but Unfunded 964,594 1,098,316
Carrying Amount of Collateral 3,141,485 3,235,204
Fair Value of Collateral $ 3,283,031 $ 3,387,095
Minimum | Committed Loan Repurchase Facility | Maturing on 27 September 2025    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 6.54% 6.07%
Minimum | Committed Loan Repurchase Facility | Maturing On February 26 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate   0.00%
Minimum | Committed Loan Repurchase Facility | Maturing on 19 December 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 6.54% 6.19%
Minimum | Committed Loan Repurchase Facility | Maturing on April 30 2024    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 6.55% 6.00%
Minimum | Committed Loan Repurchase Facility | Maturing On 2 January 2024    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 6.06%  
Minimum | Committed Loan Repurchase Facility | Maturing On 3 January 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate   5.74%
Minimum | Committed Loan Repurchase Facility | Maturing On 22 January 2024    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 0.00% 0.00%
Minimum | Committed Loan Repurchase Facility | Maturing On 14 July 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 0.00% 7.07%
Minimum | Committed Securities Repurchase Facility | Maturing On 27 May 2024    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 5.46%  
Minimum | Committed Securities Repurchase Facility | Maturing On 27 May 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate   5.04%
Minimum | Uncommitted Securities Repurchase Facility | Maturing On 27 April 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 5.32%  
Minimum | Uncommitted Securities Repurchase Facility | Maturing On 2 March 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate   4.73%
Minimum | Revolving Credit Facility | Maturing On 27 July 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 0.00% 0.00%
Minimum | Mortgage Loan Financing | Various Date    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 4.25% 4.25%
Minimum | CLO Debt | Various Date    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 5.88% 5.52%
Minimum | Borrowings from the FHLB | Various Date    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 274.00% 274.00%
Minimum | Senior Unsecured Notes | Various Date    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 4.25% 4.25%
Maximum | Committed Loan Repurchase Facility | Maturing on 27 September 2025    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 7.04% 6.57%
Maximum | Committed Loan Repurchase Facility | Maturing On February 26 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate   0.00%
Maximum | Committed Loan Repurchase Facility | Maturing on 19 December 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 7.85% 7.07%
Maximum | Committed Loan Repurchase Facility | Maturing on April 30 2024    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 6.55% 6.00%
Maximum | Committed Loan Repurchase Facility | Maturing On 2 January 2024    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 6.56%  
Maximum | Committed Loan Repurchase Facility | Maturing On 3 January 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate   6.24%
Maximum | Committed Loan Repurchase Facility | Maturing On 22 January 2024    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 0.00% 0.00%
Maximum | Committed Loan Repurchase Facility | Maturing On 14 July 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 0.00% 7.07%
Maximum | Committed Securities Repurchase Facility | Maturing On 27 May 2024    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 5.71%  
Maximum | Committed Securities Repurchase Facility | Maturing On 27 May 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate   5.29%
Maximum | Uncommitted Securities Repurchase Facility | Maturing On 27 April 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 6.68%  
Maximum | Uncommitted Securities Repurchase Facility | Maturing On 2 March 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate   6.00%
Maximum | Revolving Credit Facility | Maturing On 27 July 2023    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 0.00% 0.00%
Maximum | Mortgage Loan Financing | Various Date    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 8.53% 8.03%
Maximum | CLO Debt | Various Date    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 8.33% 7.97%
Maximum | Borrowings from the FHLB | Various Date    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 5.18% 4.70%
Maximum | Senior Unsecured Notes | Various Date    
Assets Sold under Agreements to Repurchase [Line Items]    
Interest rate 5.25% 5.25%