XML 97 R70.htm IDEA: XBRL DOCUMENT v3.24.0.1
Secured Debt Arrangements, Net - Schedule of Net Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]      
Interest income from commercial mortgage loans $ 701,002 $ 456,513 $ 327,702
Interest expense (466,110) (270,525) (162,522)
Net interest income 252,172 241,578 265,593
General and administrative expenses (29,520) (29,662) (28,845)
Decrease (increase) in current expected credit loss allowance, net (59,428) 17,623 34,773
Foreign currency translation gain (loss) 52,031 (116,399) (31,687)
Net income 58,127 265,232 $ 223,515
VIE      
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]      
Interest income from commercial mortgage loans 217,132 126,847  
Interest expense (113,910) (51,487)  
Net interest income 103,222 75,360  
General and administrative expenses (16) 0  
Decrease (increase) in current expected credit loss allowance, net 277 1,101  
Foreign currency translation gain (loss) 29,425 (62,058)  
Net income $ 132,908 $ 14,403