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v3.22.2.2

Secured Debt Arrangements, Net - Schedule of Net Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Sep. 30, 2022 | Sep. 30, 2021
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |  |  |  |  |  |  |  |
Interest income from commercial mortgage loans | $ 120,821 |  |  | $ 84,304 |  |  | $ 304,631 |  | $ 242,107 |
Interest expense | (72,302) |  |  | (42,391) |  |  | (173,949) |  | (117,792) |
Net interest income | 61,873 |  |  | 60,749 |  |  | 174,401 |  | 206,385 |
Financing Receivable, Credit Loss, Expense (Reversal) | 55,564 |  |  | 5,766 |  |  | 37,897 | [1] | 36,590 | [1]
Foreign currency translation gain (loss) | (92,782) |  |  | (24,413) |  |  | (210,138) |  | (27,808) |
Net income | 183,030 | $ 70,951 | $ 15,238 | 60,392 | $ 67,691 | $ 58,335 | 269,219 |  | 186,418 |
VIE |  |  |  |  |  |  |  |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |  |  |  |  |  |  |  |
Interest income from commercial mortgage loans | 30,518 |  |  | 23,446 |  |  | 86,695 |  | 60,482 |
Interest expense | (12,668) |  |  | (7,014) |  |  | (32,830) |  | (18,000) |
Net interest income | 17,850 |  |  | 16,432 |  |  | 53,865 |  | 42,482 |
Financing Receivable, Credit Loss, Expense (Reversal) | 889 |  |  | 1,819 |  |  | 4,698 |  | (3,849) |
Foreign currency translation gain (loss) | (50,237) |  |  | (15,866) |  |  | (111,745) |  | (13,976) |
Net income | $ (31,498) |  |  | $ 2,385 |  |  | $ (53,182) |  | $ 24,657 |
[1] | Comprised of $53,000 and $26,000 Specific CECL Reversals and $2,564 and $11,897 of General CECL Reversals for the three and nine months ended September 30, 2022, respectively. Comprised of $0 and $30,000 Specific CECL Reversals and $5,766 and $6,590 of General CECL Reversals for the three and nine months ended September 30, 2021, respectively.

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