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v3.23.2

Secured Debt Arrangements, Net - Schedule of Net Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2022 | Mar. 31, 2022 | Jun. 30, 2023 | Jun. 30, 2022
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |  |  |  |
Interest income from commercial mortgage loans | $ 174,124 |  | $ 99,386 |  | $ 340,271 | $ 183,810
Interest expense | (116,278) |  | (56,529) |  | (221,146) | (101,647)
Net interest income | 62,956 |  | 57,387 |  | 133,942 | 112,528
General and administrative expenses | (7,471) |  | (7,130) |  | (14,486) | (14,317)
Decrease (increase) in current expected credit loss allowance, net | (61,648) |  | 944 |  | (66,038) | (17,667)
Foreign currency translation gain (loss) | 21,557 |  | (84,838) |  | 40,191 | (117,356)
Net income (loss) | (83,400) | $ 48,916 | 70,951 | $ 15,238 | (34,484) | 86,189
VIE |  |  |  |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |  |  |  |
Interest income from commercial mortgage loans | 52,781 |  | 27,463 |  | 99,758 | 56,177
Interest expense | (27,241) |  | (10,574) |  | (50,374) | (20,162)
Net interest income | 25,540 |  | 16,889 |  | 49,384 | 36,015
General and administrative expenses | (7) |  | 0 |  | (7) | 0
Decrease (increase) in current expected credit loss allowance, net | (774) |  | 468 |  | (575) | 3,809
Foreign currency translation gain (loss) | 10,709 |  | (41,879) |  | 20,711 | (61,508)
Net income (loss) | $ 35,468 |  | $ (24,522) |  | $ 69,513 | $ (21,684)

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