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Commercial Mortgage, Subordinate Loans and Other Lending Assets, Net - Activity Relating to Loan Investment Portfolio (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Sep. 30, 2020 | Jun. 30, 2020 | Sep. 30, 2020 | Mar. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019
Deferred Fees/Other Items |  |  |  |  |  |
Realized loss on investment |  |  | $ 3,127 |  |  |
Specific Provision for Loan Loss |  |  |  |  |  |
Specific CECL Allowance | $ 550 |  | (139,950) |  |  |
Carrying Value, Net |  |  |  |  |  |
Carrying value, beginning balance |  |  | 6,375,093 |  |  |
Specific CECL Allowance | 550 |  | (139,950) |  |  |
Carrying value, ending balance | 6,476,313 |  | 6,476,313 |  |  |
General CECL allowance | (39,276) |  | (39,276) |  |  |
Carrying value, net | 6,437,037 |  | 6,437,037 |  |  | $ 6,375,093
General CECL allowance related to unfunded commitments | 3,595 | $ 4,119 | 3,595 | $ 6,059 | $ 3,088 | 0
Commercial Mortgage and Subordinated Portfolio Segment |  |  |  |  |  |
Principal Balance |  |  |  |  |  |
Principal balance, beginning |  |  | 6,467,842 |  |  |
New loan fundings |  |  | 457,449 |  |  |
Add-on loan fundings |  |  | 309,820 |  |  |
Loan repayments and sales |  |  | (543,535) |  |  |
Gain (loss) on foreign currency translation |  |  | (15,060) |  |  |
Realized loss on investment |  |  | (20,569) |  |  |
PIK interest and amortization of fees |  |  | 38,197 |  |  |
Principal balance, ending | 6,694,144 |  | 6,694,144 |  |  |
Deferred Fees/Other Items |  |  |  |  |  |
Deferred fees/other items, beginning |  |  | (35,768) |  |  |
Gain (loss) on foreign currency translation |  |  | 543 |  |  |
Deferred fees |  |  | (6,027) |  |  |
PIK interest and amortization of fees |  |  | 17,225 |  |  |
Deferred fees/other items, ending | (20,900) |  | (20,900) |  |  |
Specific Provision for Loan Loss |  |  |  |  |  |
Specific provision for loan loss, beginning | (197,481) | (206,981) | (56,981) |  |  |
Specific CECL Allowance |  |  | (139,950) |  |  |
Specific provision for loan loss, ending | (196,931) | $ (197,481) | (196,931) |  |  |
Carrying Value, Net |  |  |  |  |  |
Carrying value, beginning balance |  |  | 6,375,093 |  |  |
New loan fundings |  |  | 457,449 |  |  |
Add-on loan fundings |  |  | 309,820 |  |  |
Loan repayments and sales |  |  | (543,535) |  |  |
Gain (loss) on foreign currency translation |  |  | (14,517) |  |  |
Specific CECL Allowance |  |  | (139,950) |  |  |
Realized loss on investment |  |  | (17,442) |  |  |
Deferred fees |  |  | (6,027) |  |  |
PIK interest and amortization of fees |  |  | 55,422 |  |  |
Carrying value, ending balance | 6,476,313 |  | 6,476,313 |  |  |
Carrying value, net | 156,400 |  | 156,400 |  |  | $ 126,700
General CECL allowance related to unfunded commitments | $ 3,600 |  | $ 3,600 |  |  |

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- Definition The balance represents the amount of loans that are secured by real estate mortgages, offset by the reserve to cover probable credit losses on the loan portfolio. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(c)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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