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Secured Debt Arrangements, Net - Schedule of Net Income from VIE (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Mar. 31, 2024 | Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |  |  |  |
Interest income from commercial mortgage loans | $ 179,388 |  | $ 174,124 |  | $ 363,104 | $ 340,271
Interest expense | (128,472) |  | (116,278) |  | (256,359) | (221,146)
Net interest income | 51,758 |  | 62,956 |  | 108,436 | 133,942
General and administrative expense | 7,488 |  | 7,471 |  | 14,861 | 14,486
Decrease (increase) in current expected credit loss allowance, net | (10,258) |  | (61,648) |  | (157,942) | (66,038)
Foreign currency translation gain (loss) | (1,362) |  | 21,557 |  | (20,925) | 40,191
Net income (loss) | 35,785 | $ (104,524) | (83,400) | $ 48,916 | (68,739) | (34,484)
VIE |  |  |  |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |  |  |  |
Interest income from commercial mortgage loans | 63,596 |  | 52,781 |  | 128,119 | 99,758
Interest expense | (36,019) |  | (27,241) |  | (72,102) | (50,374)
Net interest income | 27,577 |  | 25,540 |  | 56,017 | 49,384
General and administrative expense | 2 |  | 7 |  | 2 | 7
Decrease (increase) in current expected credit loss allowance, net | (1,574) |  | (774) |  | (4,139) | (575)
Foreign currency translation gain (loss) | (487) |  | 10,709 |  | (13,410) | 20,711
Net income (loss) | $ 25,514 |  | $ 35,468 |  | $ 38,466 | $ 69,513

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