XML 78 R67.htm IDEA: XBRL DOCUMENT v3.22.0.1
Secured Debt Arrangements, Net - Schedule of Net Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]      
Interest income from commercial mortgage loans $ 327,702 $ 309,134 $ 322,475
Interest expense (162,522) (148,891) (152,926)
Net interest income 265,593 278,678 334,482
General and administrative expenses (28,845) (26,849) (24,097)
Provision for loan losses and impairments 34,773 [1] (125,600) [1] (20,000)
Foreign currency gain (loss) (31,687) 26,916 19,818
Net income 223,515 18,377 $ 230,174
VIE      
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]      
Interest income from commercial mortgage loans 86,377 29,511  
Interest expense (25,661) (8,312)  
Net interest income 60,716 21,199  
General and administrative expenses 0 (178)  
Provision for loan losses and impairments (7,148) (916)  
Foreign currency gain (loss) (13,102) 39,731  
Net income $ 40,466 $ 59,836  
[1] Comprised of $30,000 and $(118,019) Specific CECL Reversals (Allowance) for the years ended December 31, 2021 and 2020, respectively, $4,773 and $(10,600) of General CECL Reversals (Allowance) for the years ended December 31, 2021 and 2020, respectively, and a $3,019 reversal of a previously recorded impairment on an equity investment for the year ended December 31, 2020. For the year ended December 31, 2019 the balance represents provision per loan losses as determined by the authoritative guidance at the time.