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Variable interest entities and securitization activities - Securitized Debt Obligations (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021
--- | --- | ---
Variable interest entities |  |
Current Principal Balance | $ 5,636,003 | $ 5,089,157
Current principal balance of non-company sponsored securitized loans | 8,700 | 30,600
Consolidated VIEs |  |
Variable interest entities |  |
Current Principal Balance | 4,484,837 | 3,232,859
Carrying value | $ 4,421,103 | $ 3,183,711
Weighted Average Rate | 3.20% | 2.20%
ReadyCap Lending Small Business Trust 2019-2 |  |
Variable interest entities |  |
Current Principal Balance | $ 55,221 | $ 79,294
Carrying value | $ 54,580 | $ 78,268
Weighted Average Rate | 3.40% | 2.60%
Sutherland Commercial Mortgage Trust 2017-SBC6 |  |
Variable interest entities |  |
Current Principal Balance | $ 9,722 | $ 16,729
Carrying value | $ 9,581 | $ 16,471
Weighted Average Rate | 4.30% | 3.80%
Sutherland Commercial Mortgage Trust 2019-SBC8 |  |
Variable interest entities |  |
Current Principal Balance | $ 127,529 | $ 145,351
Carrying value | $ 125,589 | $ 143,153
Weighted Average Rate | 2.90% | 2.90%
Sutherland Commercial Mortgage Trust 2020-SBC9 |  |
Variable interest entities |  |
Current Principal Balance |  | $ 86,680
Carrying value |  | $ 85,459
Weighted Average Rate | 4.20% | 4.10%
Sutherland Commercial Mortgage Trust 2021-SBC10 |  |
Variable interest entities |  |
Current Principal Balance | $ 115,881 | $ 159,745
Carrying value | $ 114,086 | $ 157,483
Weighted Average Rate | 1.60% | 1.60%
ReadyCap Commercial Mortgage Trust 2014-1 |  |
Variable interest entities |  |
Current Principal Balance |  | $ 6,770
Carrying value |  | $ 6,756
Weighted Average Rate | 5.70% | 5.70%
ReadyCap Commercial Mortgage Trust 2015-2 |  |
Variable interest entities |  |
Current Principal Balance | $ 2,873 | $ 17,598
Carrying value | $ 2,462 | $ 15,960
Weighted Average Rate | 5.10% | 5.10%
ReadyCap Commercial Mortgage Trust 2016-3 |  |
Variable interest entities |  |
Current Principal Balance | $ 12,602 | $ 19,106
Carrying value | $ 11,965 | $ 18,285
Weighted Average Rate | 5.10% | 4.90%
ReadyCap Commercial Mortgage Trust 2018-4 |  |
Variable interest entities |  |
Current Principal Balance | $ 62,811 | $ 81,379
Carrying value | $ 60,572 | $ 78,751
Weighted Average Rate | 4.30% | 4.10%
ReadyCap Commercial Mortgage Trust 2019-5 |  |
Variable interest entities |  |
Current Principal Balance | $ 117,304 | $ 150,547
Carrying value | $ 110,939 | $ 143,204
Weighted Average Rate | 4.50% | 4.30%
ReadyCap Commercial Mortgage Trust 2019-6 |  |
Variable interest entities |  |
Current Principal Balance | $ 216,964 | $ 269,315
Carrying value | $ 212,054 | $ 263,752
Weighted Average Rate | 3.30% | 3.20%
ReadyCap Commercial Mortgage Trust 2022-7 |  |
Variable interest entities |  |
Current Principal Balance | $ 203,257 |
Carrying value | $ 194,932 |
Weighted Average Rate | 4.20% |
Ready Capital Mortgage Financing 2019-FL3 |  |
Variable interest entities |  |
Current Principal Balance | $ 59,556 | $ 92,930
Carrying value | $ 59,556 | $ 92,921
Weighted Average Rate | 3.00% | 1.60%
Ready Capital Mortgage Financing 2020-FL4 |  |
Variable interest entities |  |
Current Principal Balance | $ 236,085 | $ 304,157
Carrying value | $ 234,384 | $ 300,832
Weighted Average Rate | 4.10% | 3.10%
Ready Capital Mortgage Financing 2021-FL5 |  |
Variable interest entities |  |
Current Principal Balance | $ 444,208 | $ 506,721
Carrying value | $ 441,474 | $ 501,697
Weighted Average Rate | 2.40% | 1.50%
Ready Capital Mortgage Financing 2021-FL6 |  |
Variable interest entities |  |
Current Principal Balance | $ 542,990 | $ 543,223
Carrying value | $ 538,070 | $ 536,270
Weighted Average Rate | 2.20% | 1.30%
Ready Capital Mortgage Financing 2021-FL7 |  |
Variable interest entities |  |
Current Principal Balance | $ 752,104 | $ 753,314
Carrying value | $ 745,738 | $ 744,449
Weighted Average Rate | 2.50% | 1.60%
Ready Capital Mortgage Financing 2022-FL8 |  |
Variable interest entities |  |
Current Principal Balance | $ 913,675 |
Carrying value | $ 906,004 |
Weighted Average Rate | 3.00% |
Ready Capital Mortgage Financing 2022-FL9 |  |
Variable interest entities |  |
Current Principal Balance | $ 612,055 |
Carrying value | $ 599,117 |
Weighted Average Rate | 5.10% |

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- Definition The carrying amount of the consolidated Variable Interest Entity's securitized debt obligations included in the reporting entity's statement of financial position. + References No definition available. + Details
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- Definition This is the principal amount outstanding for securitized loans only (across all types of loans). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719 + Details
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