XML 99 R63.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Secured Debt Arrangements, Net - Schedule of Assets and Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Assets:        
Cash and cash equivalents $ 161,190 $ 225,438    
Other assets 103,529 85,623    
Total Assets 9,224,992 9,296,730    
Liabilities:        
Total Liabilities 7,177,557 7,087,997    
Allowance reserve 32,558 26,482    
Off-balance sheet, credit loss, liability 3,625 4,017 $ 4,695 $ 4,347
Commercial Mortgage Portfolio Segment        
Assets:        
Carrying value, net [1],[2] 7,846,460 7,925,359    
Liabilities:        
Allowance reserve 31,397 25,723    
VIE        
Assets:        
Cash and cash equivalents 327 924    
Carrying value, net 2,775,504 2,903,186    
Other assets 46,490 41,180    
Total Assets 2,822,321 2,945,290    
Liabilities:        
Secured debt arrangements, net (net of deferred financing costs of $1.7 million and $2.0 million in 2024 and 2023, respectively) 2,054,681 2,155,197    
Accounts payable, accrued expenses and other liabilities 11,328 9,083    
Total Liabilities 2,066,009 2,164,280    
Deferred financing costs 1,700 2,000    
VIE | Commercial Mortgage Portfolio Segment        
Liabilities:        
Allowance reserve 10,800 8,300    
Off-balance sheet, credit loss, liability $ 2,600 $ 2,500    
[1] Includes $7,642,848 and $7,705,491 pledged as collateral under secured debt arrangements in 2024 and 2023, respectively.
[2] Net of $367,558 and $219,482 CECL Allowances comprised of $335,000 and $193,000 Specific CECL Allowance and $32,558    and $26,482 General CECL Allowance in 2024 and 2023, respectively.