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v3.20.2

Secured Debt Arrangements, Net - Schedule of Assets and Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019
--- | --- | --- | --- | --- | ---
Assets: |  |  |  |  |  |
Carrying value, net |  | $ 6,437,037 |  |  |  | $ 6,375,093
Other assets |  | 43,644 |  |  |  | 52,716
Total Assets |  | 6,932,569 |  |  |  | 6,888,363
Liabilities: |  |  |  |  |  |
Accounts payable, accrued expenses and other liabilities | [1] | 89,222 |  |  |  | 100,712
Total Liabilities |  | 4,613,288 |  |  |  | 4,258,388
Deferred financing costs |  | 12,746 |  |  |  | 17,190
Allowance reserve |  | 39,276 |  |  |  |
Off-Balance Sheet, Credit Loss, Liability |  | 3,595 | $ 4,119 | $ 6,059 | $ 3,088 | 0
Commercial Mortgage Portfolio Segment |  |  |  |  |  |
Assets: |  |  |  |  |  |
Carrying value, net | [2],[3] | 5,427,945 |  |  |  | $ 5,326,967
Liabilities: |  |  |  |  |  |
Allowance reserve |  | 20,161 |  |  | $ 12,149 |
VIE |  |  |  |  |  |
Assets: |  |  |  |  |  |
Cash |  | 921 |  |  |  |
Carrying value, net |  | 1,224,154 |  |  |  |
Other assets |  | 9,401 |  |  |  |
Total Assets |  | 1,234,476 |  |  |  |
Liabilities: |  |  |  |  |  |
Secured debt arrangements, net (net of deferred financing costs of $0.2 million) |  | 813,431 |  |  |  |
Accounts payable, accrued expenses and other liabilities |  | 1,084 |  |  |  |
Total Liabilities |  | 814,515 |  |  |  |
Deferred financing costs |  | 200 |  |  |  |
VIE | Commercial Mortgage Portfolio Segment |  |  |  |  |  |
Liabilities: |  |  |  |  |  |
Allowance reserve |  | 6,100 |  |  |  |
Off-Balance Sheet, Credit Loss, Liability |  | $ 300 |  |  |  |
[1] | Includes $3,595 of General CECL Allowance related to unfunded commitments on commercial mortgage loans, subordinate loans and other lending assets, net in 2020.
[2] | Includes $5,405,220 and $4,852,087 pledged as collateral under secured debt arrangements in 2020 and 2019, respectively
[3] | Net of $236,207 CECL Allowances in 2020, comprised of $196,931 Specific CECL Allowance and $39,276 General CECL Allowance. Net of $56,981 provision for loan loss in 2019.

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