XML 70 R60.htm IDEA: XBRL DOCUMENT v3.21.1
Secured Debt Arrangements, Net - Schedule of Assets and Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Jan. 01, 2020
Dec. 31, 2019
Assets:          
Commercial mortgage loans, net $ 6,820,074 $ 6,496,977 $ 6,430,618    
Other assets 68,882 74,640      
Total Assets 7,225,371 6,940,020      
Liabilities:          
Secured debt arrangements, net (net of deferred financing costs of $2.3 million and $0.7 million in 2021 and 2020, respectively) 775,974        
Accounts payable, accrued expenses and other liabilities [1] 74,899 74,887      
Total Liabilities 4,949,618 4,669,491      
Allowance reserve 36,435 38,102 58,273    
Off-balance sheet, credit loss, liability 3,794 3,365 $ 6,059 $ 3,365 $ 0
Commercial Mortgage Portfolio Segment          
Assets:          
Commercial mortgage loans, net [2],[3] 5,754,258 5,451,084      
Liabilities:          
Allowance reserve 18,210     $ 17,012  
VIE          
Assets:          
Cash 2,572 2,020      
Commercial mortgage loans, net 1,712,897 1,290,393      
Other assets 6,837 15,831      
Total Assets 1,722,306 1,308,244      
Liabilities:          
Secured debt arrangements, net (net of deferred financing costs of $2.3 million and $0.7 million in 2021 and 2020, respectively) 1,171,036 857,043      
Accounts payable, accrued expenses and other liabilities 2,310 1,307      
Total Liabilities 1,173,346 858,350      
Deferred financing costs 2,300 700      
VIE | Commercial Mortgage Portfolio Segment          
Liabilities:          
Allowance reserve 7,400 4,400      
Off-balance sheet, credit loss, liability $ 1,200 $ 300      
[1] Includes $3,794 and $3,365 of General CECL Allowance related to unfunded commitments on commercial mortgage loans, subordinate loans and other lending assets, net in 2021 and 2020, respectively.
[2] Includes $5,319,621 and $5,418,999 pledged as collateral under secured debt arrangements in 2021 and 2020, respectively
[3] Net of $211,435 and $213,102 CECL Allowances in 2021 and 2020, respectively, comprised of $175,000 Specific CECL Allowance and $36,435 and $38,102 General CECL Allowance, respectively.