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Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Carrying Value and Estimated Fair Value of Company's Financial Instruments
The following table presents the carrying value and estimated fair value of our financial instruments not carried at fair value on our condensed consolidated balance sheets at June 30, 2023 and December 31, 2022 ($ in thousands):
June 30, 2023December 31, 2022
 Carrying
Value		Estimated
Fair Value		Carrying
Value		Estimated
Fair Value
Cash and cash equivalents$308,052 $308,052 $222,030 $222,030 
Commercial mortgage loans, net7,831,859 7,748,900 8,121,109 8,083,410 
Subordinate loans and other lending assets, net(1)
463,569 455,864 560,881 558,740 
Secured debt arrangements, net(5,365,427)(5,365,427)(5,296,825)(5,296,825)
Term loans, net(761,605)(712,725)(763,813)(731,709)
Senior secured notes, net(495,238)(386,250)(494,844)(400,950)
2023 Notes(185,869)(185,384)(229,361)(225,366)
Debt related to real estate owned, held for investment, net(160,928)(160,928)(160,294)(160,294)
Participations sold— — (25,130)(25,130)
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(1)Includes subordinate risk retention interests in securitization vehicles with an estimated fair value that approximates their carrying value.