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v3.22.2.2

Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Activity Relating to Loan Investment Portfolio (Details) - USD ($) $ in Thousands | 9 Months Ended |  |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Sep. 30, 2022 | Sep. 30, 2021 | Aug. 03, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020
Principal Balance |  |  |  |  |  |  |  |  |
Principal value, beginning balance | $ 7,890,848 |  |  |  |  |  |  |  |
Principal value, ending balance | 8,753,291 |  |  |  |  |  |  |  |
Specific CECL Allowance |  |  |  |  |  |  |  |  |
Specific provision for loan loss, beginning | (145,000) |  |  |  |  |  |  |  |
Specific provision for loan loss, ending | (119,000) |  |  |  |  |  |  |  |
Carry Value, Net |  |  |  |  |  |  |  |  |
Transfer to real estate owned, held for sale | 156,201 | $ 0 |  |  |  |  |  |  |
General CECL allowance | (21,985) |  |  |  |  | $ (33,588) |  |  |
Carrying value, net | 8,731,306 |  | $ 226,500 |  |  | 7,857,260 |  |  |
General CECL Allowance on unfunded commitments | 2,812 | 2,193 |  | $ 3,999 | $ 3,928 | 3,106 | $ 2,444 | $ 3,794 | $ 3,365
Commercial Mortgage and Subordinated Portfolio Segment |  |  |  |  |  |  |  |  |
Principal Balance |  |  |  |  |  |  |  |  |
Principal value, beginning balance | 8,072,377 |  |  |  |  |  |  |  |
New funding of loans | 2,753,609 |  |  |  |  |  |  |  |
Add-on loan fundings | 493,027 |  |  |  |  |  |  |  |
Loan repayments and sales | (1,511,311) |  |  |  |  |  |  |  |
Gain (loss) on foreign currency translation | (675,007) |  |  |  |  |  |  |  |
Transfer to real estate owned | (225,036) |  |  |  |  |  |  |  |
PIK interest and amortization of fees | 16,149 |  |  |  |  |  |  |  |
Principal value, ending balance | 8,923,808 |  |  |  |  |  |  |  |
Deferred Fees/Other Items |  |  |  |  |  |  |  |  |
Deferred fees/other items, beginning | (36,529) |  |  |  |  |  |  |  |
Gain (loss) on foreign currency translation | 6,425 |  |  |  |  |  |  |  |
Transfer to real estate owned | (1,423) |  |  |  |  |  |  |  |
Deferred fees and other items | (42,779) |  |  |  |  |  |  |  |
PIK interest and amortization of fees | 22,789 |  |  |  |  |  |  |  |
Deferred fees/other items, ending | (51,517) |  |  |  |  |  |  |  |
Specific CECL Allowance |  |  |  |  |  |  |  |  |
Specific provision for loan loss, beginning | (145,000) | (175,000) |  |  |  |  |  |  |
Specific provision for loan loss, ending | (119,000) | $ (145,000) |  |  |  |  |  |  |
Carry Value, Net |  |  |  |  |  |  |  |  |
Carrying value, beginning balance | 7,890,848 |  |  |  |  |  |  |  |
New funding of loans | 2,753,609 |  |  |  |  |  |  |  |
Add-on loan fundings | 493,027 |  |  |  |  |  |  |  |
Loan repayments and sales | (1,511,311) |  |  |  |  |  |  |  |
Gain (loss) on foreign currency translation | (668,582) |  |  |  |  |  |  |  |
Specific CECL Allowance, net | 26,000 |  |  |  |  |  |  |  |
Transfer to real estate owned, held for sale | (226,459) |  |  |  |  |  |  |  |
Deferred fees and other items | (42,779) |  |  |  |  |  |  |  |
PIK interest and amortization of fees | 38,938 |  |  |  |  |  |  |  |
Carrying value, ending balance | 8,753,291 |  |  |  |  |  |  |  |
Carrying value, net | $ 206,800 |  |  |  |  | $ 97,800 |  |  |

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