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v3.24.3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2024 | Dec. 31, 2023
--- | --- | ---
Real estate owned, accumulated depreciation | $ 20,883 | $ 10,404
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01
Preferred stock, shares authorized | 50,000,000 | 50,000,000
Preferred stock, liquidation preference | $ 169,260 | $ 169,260
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01
Common stock, shares authorized | 450,000,000 | 450,000,000
Common stock, shares issued | 138,169,164 | 141,358,605
Common stock, shares outstanding | 138,169,164 | 141,358,605
Collateral pledged under secured debt arrangements | $ 7,864,803 | $ 8,384,575
Financing receivable, pledged status | us-gaap:AssetPledgedAsCollateralMember | us-gaap:AssetPledgedAsCollateralMember
CECL allowance | $ 376,692 | $ 219,482
Specific CECL Allowance | 342,500 | 193,000
General CECL allowance | 34,192 | 26,482
General CECL allowance on unfunded commitments | $ 3,850 | $ 4,017
Series B-1 Preferred Stock |  |
Preferred stock, shares outstanding | 6,770,393 | 6,770,393
Preferred stock, shares issued | 6,770,393 | 6,770,393
Commercial Mortgage Portfolio Segment |  |
Collateral pledged under secured debt arrangements | $ 7,456,389 | $ 7,691,141
Subordinate Mortgage Portfolio Segment |  |
Collateral pledged under secured debt arrangements |  | 232,817
Secured Debt Arrangements |  |
Collateral pledged under secured debt arrangements | $ 76,179 | $ 154,048

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