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v3.20.4

Secured Debt Arrangements, Net - Schedule of Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019
--- | --- | --- | --- | --- | --- | ---
Assets: |  |  |  |  |  |  |
Commercial mortgage loans, net |  | $ 6,496,977 |  |  |  |  | $ 6,375,093
Other assets |  | 74,640 |  |  |  |  | 60,988
Total Assets |  | 6,940,020 |  |  |  |  | 6,888,363
Liabilities: |  |  |  |  |  |  |
Accounts payable, accrued expenses and other liabilities | [1] | 74,887 |  |  |  |  | 100,712
Total Liabilities |  | 4,669,491 |  |  |  |  | 4,258,388
Deferred financing costs |  | 12,993 |  |  |  |  | 17,190
Allowance reserve |  | 38,102 |  |  |  |  |
Off-Balance Sheet, Credit Loss, Liability |  | 3,365 | $ 3,595 | $ 4,119 | $ 6,059 | $ 3,088 | 0
Commercial Mortgage Portfolio Segment |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |
Commercial mortgage loans, net | [2],[3] | 5,451,084 |  |  |  |  | $ 5,326,967
Liabilities: |  |  |  |  |  |  |
Allowance reserve |  | 17,012 |  |  |  | $ 12,149 |
VIE |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |
Cash |  | 2,020 |  |  |  |  |
Commercial mortgage loans, net |  | 1,290,393 |  |  |  |  |
Other assets |  | 15,831 |  |  |  |  |
Total Assets |  | 1,308,244 |  |  |  |  |
Liabilities: |  |  |  |  |  |  |
Secured debt arrangements, net (net of deferred financing costs of $0.7 million) |  | 857,043 |  |  |  |  |
Accounts payable, accrued expenses and other liabilities |  | 1,307 |  |  |  |  |
Total Liabilities |  | 858,350 |  |  |  |  |
Deferred financing costs |  | 700 |  |  |  |  |
VIE | Commercial Mortgage Portfolio Segment |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |
Allowance reserve |  | 4,400 |  |  |  |  |
Off-Balance Sheet, Credit Loss, Liability |  | $ 300 |  |  |  |  |
[1] | Includes $3,365 of General CECL Allowance related to unfunded commitments on commercial mortgage loans, subordinate loans and other lending assets, net in 2020.
[2] | Includes $5,418,999 and $4,852,087 pledged as collateral under secured debt arrangements in 2020 and 2019, respectively
[3] | Net of $213,102 CECL Allowances in 2020, comprised of $175,000 Specific CECL Allowance and $38,102 General CECL Allowance. Net of $56,981 provision for loan loss in 2019.

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