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v3.21.1

Commercial Mortgage, Subordinate Loans and Other Lending Assets, Net - Activity Relating to Loan Investment Portfolio (Details) - USD ($) $ in Thousands | 3 Months Ended |  |  |  |
--- | --- | --- | --- | --- | ---
Mar. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019
Specific CECL Allowance |  |  |  |  |
Specific provision for loan loss, beginning | $ (175,000) |  |  |  |
Specific provision for loan loss, ending | (175,000) |  |  |  |
Carrying Value, Net(2) |  |  |  |  |
Carrying value, beginning balance | 6,535,079 |  |  |  |
Carrying value, ending balance | 6,856,509 |  |  |  |
General CECL allowance | (36,435) | $ (38,102) | $ (58,273) |  |
Carrying value, net | 6,820,074 | 6,496,977 | 6,430,618 |  |
General CECL allowance related to unfunded commitments | 3,794 | 3,365 | $ 6,059 | $ 3,365 | $ 0
Commercial Mortgage and Subordinated Portfolio Segment |  |  |  |  |
Principal Balance |  |  |  |  |
Principal balance, beginning | 6,728,424 |  |  |  |
New loan fundings | 417,161 |  |  |  |
Add-on loan fundings | 133,437 |  |  |  |
Loan repayments and sales | (232,038) |  |  |  |
Gain (loss) on foreign currency translation | (17,175) |  |  |  |
PIK interest and amortization of fees | 21,339 |  |  |  |
Principal balance, ending | 7,051,148 |  |  |  |
Deferred Fees/Other Items |  |  |  |  |
Deferred fees/other items, beginning | (18,345) |  |  |  |
Gain (loss) on foreign currency translation | 125 |  |  |  |
Deferred fees | (6,564) |  |  |  |
PIK interest and amortization of fees | 5,145 |  |  |  |
Deferred fees/other items, ending | (19,639) |  |  |  |
Specific CECL Allowance |  |  |  |  |
Specific provision for loan loss, beginning | (175,000) |  |  |  |
Specific provision for loan loss, ending | (175,000) |  |  |  |
Carrying Value, Net(2) |  |  |  |  |
Carrying value, beginning balance | 6,535,079 |  |  |  |
New loan fundings | 417,161 |  |  |  |
Add-on loan fundings | 133,437 |  |  |  |
Loan repayments and sales | (232,038) |  |  |  |
Gain (loss) on foreign currency translation | (17,050) |  |  |  |
Deferred fees | (6,564) |  |  |  |
PIK interest and amortization of fees | 26,484 |  |  |  |
Carrying value, ending balance | 6,856,509 |  |  |  |
Carrying value, net | $ 140,800 | $ 136,100 |  |  |

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