XML 77 R64.htm IDEA: XBRL DOCUMENT v3.20.4
Secured Debt Arrangements, Net - Schedule of Net Income (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]                      
Interest income from commercial mortgage loans                 $ 309,134 $ 322,475 $ 263,709
Interest expense $ (35,364) $ (34,824) $ (37,498) $ (41,205) $ (43,779) $ (39,341) $ (33,511) $ (36,295) (148,891) (152,926) (114,597)
Net interest income 64,696 68,555 70,759 74,668 81,446 85,216 84,990 82,830 278,678 334,482 289,292
General and administrative expenses (7,269) (6,624) (6,425) (6,531) (5,533) (5,839) (6,574) (6,151) (26,849) (24,097) (20,470)
Reversal of (provision for) loan losses [1]                 (125,600) (20,000) (20,000)
Foreign currency translation gain (loss) 35,304 27,002 2,559 (37,949) 39,830 (19,129) (7,777) 6,894 26,916 19,818 (30,335)
Net income 36,680 $ 49,338 $ 60,201 $ (127,842) $ 71,903 $ 29,089 $ 61,424 $ 67,758 18,377 $ 230,174 $ 219,986
VIE                      
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]                      
Interest income from commercial mortgage loans 29,511                    
Interest expense (8,312)                    
Net interest income 21,199                    
General and administrative expenses                 $ (178)    
Reversal of (provision for) loan losses (916)                    
Foreign currency translation gain (loss) 39,731                    
Net income $ 59,836                    
[1] Comprised of $118,019 of Specific CECL Allowance, $10,600 of General CECL Allowance, and a $3,019 reversal of a previously recorded impairment on an equity investment for the year ended December 31, 2020, respectively. For the years ended December 31, 2019 and 2018 the balance represents provision per loan losses as determined by the authoritative guidance at the time.