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Fair Value of Financial Instruments - Carrying Value and Estimated Fair Value of Company's Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019
--- | --- | ---
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Participations sold | $ (34,974) | $ 0
Debt related to real estate owned, held for sale | (33,000) | 0
Commercial Mortgage Portfolio Segment |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Participations sold | (9,217) | 0
Subordinate Mortgage Portfolio Segment |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Participations sold | (25,757) | 0
Carrying Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Cash and cash equivalents | 325,498 | 452,282
Carrying Value | Level III |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Secured debt arrangements, net | (3,436,672) | (3,078,366)
Senior secured term loan, net | (483,465) | (487,961)
Participations sold | (34,974) | 0
Debt related to real estate owned, held for sale | (33,000) | 0
Carrying Value | Level III | 2022 Notes |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Notes | (340,361) | (337,755)
Carrying Value | Level III | 2023 Notes |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Notes | (225,293) | (223,818)
Carrying Value | Level III | Commercial Mortgage Portfolio Segment |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 5,451,084 | 5,326,967
Carrying Value | Level III | Subordinate Mortgage Portfolio Segment |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 1,045,893 | 1,048,126
Estimate of Fair Value Measurement |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Cash and cash equivalents | 325,498 | 452,282
Estimate of Fair Value Measurement | Level III |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Secured debt arrangements, net | (3,436,672) | (3,078,366)
Senior secured term loan, net | (475,263) | (499,988)
Participations sold | (34,919) | 0
Debt related to real estate owned, held for sale | (33,000) | 0
Estimate of Fair Value Measurement | Level III | 2022 Notes |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Notes | (327,381) | (348,060)
Estimate of Fair Value Measurement | Level III | 2023 Notes |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Notes | (214,875) | (234,600)
Estimate of Fair Value Measurement | Level III | Commercial Mortgage Portfolio Segment |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 5,361,948 | 5,380,693
Estimate of Fair Value Measurement | Level III | Subordinate Mortgage Portfolio Segment |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | $ 1,027,582 | $ 1,050,961

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- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References No definition available. + Details
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