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Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Schedule of Activity Relating to Loan Portfolio (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Principal Balance        
Principal value, beginning balance   $ 8,384,575    
New loan fundings   495,280 $ 181,017  
Principal value, ending balance   8,329,221    
Specific CECL Allowance        
Specific provision for loan loss, beginning   (26,482)    
Specific provision for loan loss, ending   (35,319)    
Carry Value, Net        
Carrying value, beginning balance   693,700    
Valuation allowance, loan held for sale   (679) (86,604)  
Carrying value, ending balance   461,500    
General CECL allowance   (35,319)   $ (26,482)
Carrying value, net   8,293,902   $ 8,358,093
Commercial Mortgage and Subordinated Portfolio Segment        
Principal Balance        
Principal value, beginning balance   8,610,110    
New loan fundings   495,280    
Add-on loan fundings   437,838    
Loan repayments and sale   (758,889)    
Gain (loss) on foreign currency translation   (76,324)    
Valuation allowance, loan held for sale   (679)    
Principal value, ending balance   8,707,336    
Deferred Fees/Other Items        
Deferred fees/other items, beginning   (32,535)    
Gain (loss) on foreign currency translation   221    
Deferred fees and other items   (18,540)    
Amortization of fees   15,239    
Deferred fees/other items, ending   (35,615)    
Specific CECL Allowance        
Specific provision for loan loss, beginning $ (133,500) (193,000) (133,500)  
Increase in Specific CECL Allowance, net   (149,500)    
Specific provision for loan loss, ending $ (193,000) (342,500) $ (193,000)  
Carry Value, Net        
Carrying value, beginning balance   8,384,575    
Add-on loan fundings   437,838    
Loan repayments   (758,889)    
Gain (loss) on foreign currency translation   (76,103)    
Valuation allowance, loan held for sale   (679)    
Deferred fees and other items   (18,540)    
Amortization of fees   15,239    
Carrying value, ending balance   $ 8,329,221