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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
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Principal Balance      
Principal value, beginning balance $ 8,384,575    
New loan fundings 955,328 $ 181,017  
Principal value, ending balance 7,864,803    
Specific CECL Allowance      
Specific provision for loan loss, beginning (26,482)    
Specific provision for loan loss, ending (34,192)    
Carry Value, Net      
Valuation allowance, loan held for sale (128,191) (86,604)  
General CECL allowance (34,192)   $ (26,482)
Carrying value, net 7,830,611   $ 8,358,093
Commercial Mortgage and Subordinated Portfolio Segment      
Principal Balance      
Principal value, beginning balance 8,610,110    
New loan fundings 955,328    
Add-on loan fundings 530,747    
Loan repayments and sale (1,711,682)    
Gain (loss) on foreign currency translation 155,874    
Transfer to Other Assets (159,667)    
Valuation allowance, loan held for sale (137,312)    
Principal value, ending balance 8,243,398    
Deferred Fees/Other Items      
Deferred fees/other items, beginning (32,535)    
Gain (loss) on foreign currency translation (825)    
Valuation allowance, loan held for sale 9,121    
Deferred fees and other items (34,468)    
Amortization of fees 22,612    
Deferred fees/other items, ending (36,095)    
Specific CECL Allowance      
Specific provision for loan loss, beginning (193,000) (133,500)  
Increase in Specific CECL Allowance, net (149,500)    
Specific provision for loan loss, ending (342,500) $ (193,000)  
Carry Value, Net      
Carrying value, beginning balance 8,384,575    
Add-on loan fundings 530,747    
Loan repayments (1,711,682)    
Gain (loss) on foreign currency translation 155,049    
Transfer to Other Assets (159,667)    
Valuation allowance, loan held for sale (128,191)    
Deferred fees and other items (34,468)    
Amortization of fees 22,612    
Carrying value, ending balance $ 7,864,803