XML 71 R62.htm IDEA: XBRL DOCUMENT 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)