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v3.21.2

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands |  |  | 3 Months Ended | 6 Months Ended |
--- | --- | --- | --- | --- | ---
Jul. 26, 2021 | Jul. 15, 2021 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Total carrying value, net |  |  |  | $ 7,520,105 | $ 6,496,977 | $ 7,520,105 | $ 6,496,977 | $ 6,496,977
Preferred stock, shares outstanding |  |  |  | 6,770,393 |  | 6,770,393 |  | 6,770,393
Preferred stock, par value (in dollars per share) |  |  |  | $ 0.01 |  | $ 0.01 |  | $ 0.01
Payment in kind interest |  |  |  | $ 13,700 | $ 12,400 | $ 30,600 | $ 24,800 |
Commercial Mortgage Portfolio Segment |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Total carrying value, net | [1],[2] |  |  | 6,653,197 |  | 6,653,197 |  | $ 5,451,084
Mezzanine Loans |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Total carrying value, net |  |  |  | 423,000 |  | 423,000 |  |
Debt instrument, face amount |  |  |  | $ 297,000 |  | 297,000 |  |
Payment in kind interest |  |  |  |  |  | $ 124,000 |  |
Subsequent Event |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Proceeds from loan repayments |  | $ 297,300 |  |  |  |  |  |
Preferred stock dividend percentage |  |  | 7.25% |  |  |  |  |
Subsequent Event | Commercial Mortgage Portfolio Segment | First Mortgage |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Investment in mortgage loans on real estate, face amount of mortgages |  | 441,000 |  |  |  |  |  |
Mortgage loans on real estate, funded amount of mortgages |  | 141,000 |  |  |  |  |  |
Funded amount of mortgages |  | 32,000 |  |  |  |  |  |
Subsequent Event | Senior Mezzanine Loans |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Total carrying value, net |  | 230,000 |  |  |  |  |  |
Subsequent Event | Junior Mezzanine A Loan |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Total carrying value, net |  | 112,000 |  |  |  |  |  |
Subsequent Event | Junior Mezzanine B Loan |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Total carrying value, net |  | $ 81,000 |  |  |  |  |  |
Subsequent Event | Series B Preferred Stock |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Preferred stock, shares outstanding |  |  | 6,770,393 |  |  |  |  |
Subsequent Event | Cumulative Preferred Stock |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Convertible preferred stock, shares issued upon conversion |  |  | 6,770,393 |  |  |  |  |
Preferred stock, par value (in dollars per share) |  |  | $ 0.01 |  |  |  |  |
Preferred stock, liquidation preference per share (in dollars per share) |  |  | $ 25.00 |  |  |  |  |
[1] | Includes $5,489,059 and $5,418,999 pledged as collateral under secured debt arrangements in 2021 and 2020, respectively
[2] | Net of $183,199 and $213,102 CECL Allowances in 2021 and 2020, respectively, comprised of $145,000 and $175,000 Specific CECL Allowance and $38,199 and $38,102 General CECL Allowance, respectively.

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