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v3.23.3

Secured Debt Arrangements, Net - Schedule of Net Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2023 | Sep. 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 | $ 180,441 |  |  | $ 120,821 |  |  | $ 520,712 | $ 304,631
Interest expense | (121,817) |  |  | (72,302) |  |  | (342,963) | (173,949)
Net interest income | 60,223 |  |  | 61,873 |  |  | 194,165 | 174,401
General and administrative expenses | (7,664) |  |  | (7,184) |  |  | (22,150) | (21,501)
Decrease (increase) in current expected credit loss allowance, net | 5,833 |  |  | 55,564 |  |  | (60,205) | 37,897
Foreign currency translation gain (loss) | (44,165) |  |  | (92,782) |  |  | (3,974) | (210,138)
Net income | 46,071 | $ (83,400) | $ 48,916 | 183,030 | $ 70,951 | $ 15,238 | 11,587 | 269,219
VIE |  |  |  |  |  |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |  |  |  |  |  |
Interest income from commercial mortgage loans | 56,537 |  |  | 30,518 |  |  | 156,295 | 86,695
Interest expense | (30,379) |  |  | (12,668) |  |  | (80,753) | (32,830)
Net interest income | 26,158 |  |  | 17,850 |  |  | 75,542 | 53,865
General and administrative expenses | (2) |  |  | 0 |  |  | (9) | 0
Decrease (increase) in current expected credit loss allowance, net | 1,744 |  |  | 889 |  |  | 1,169 | 4,698
Foreign currency translation gain (loss) | (24,266) |  |  | (50,237) |  |  | (3,555) | (111,745)
Net income | $ 3,634 |  |  | $ (31,498) |  |  | $ 73,147 | $ (53,182)

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