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v3.22.2.2

Agreements and transactions with related parties (Details) |  |  | 3 Months Ended | 9 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | ---
Jul. 15, 2022 USD ($) | Mar. 19, 2021 USD ($) item | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Dec. 31, 2021 USD ($)
Related-party transactions |  |  |  |  |  |  |
Temporary reduction in the quarterly base management fee following the effective date of the merger |  | $ 1,000,000 |  |  |  |  |
Number of quarters the temporary reduction in quarterly base management fee is effective | item |  | 4 |  |  |  |  |
Amount unpaid |  |  | $ 6,469,000 |  | $ 6,469,000 |  | $ 5,232,000
Purchase of loans, held-for-investment |  |  |  |  | 675,198,000 | $ 111,810,000 |
Investment in unconsolidated joint ventures (including $8,268 and $8,894 held at fair value) |  |  | 119,272,000 |  | $ 119,272,000 |  | 141,148,000
Management agreement |  |  |  |  |  |  |
Related-party transactions |  |  |  |  |  |  |
Automatically renewal period |  |  |  |  | 1 year |  |
Minimum notice period for termination |  |  |  |  | 180 days |  |
Termination fee multiplier |  |  |  |  | 3 |  |
Period immediately preceding the termination used as basis for determination of the termination fee due |  |  |  |  | 24 months |  |
Management fee |  |  |  |  |  |  |
Related-party transactions |  |  |  |  |  |  |
Fee percentage for results up to threshold |  |  |  |  | 1.50% |  |
Fee threshold |  |  |  |  | $ 500,000,000 |  |
Fee percentage for results in excess of threshold |  |  |  |  | 1.00% |  |
Incentive distribution |  |  |  |  |  |  |
Related-party transactions |  |  |  |  |  |  |
Incentive multiplier |  |  |  |  | 15.00% |  |
Core earnings period |  |  |  |  | 12 months |  |
Percentage of Incentive fee multiplied by the weighted average of issue price |  |  |  |  | 8.00% |  |
The period over which core earnings must exceed the minimum threshold per the terms of the agreement |  |  |  |  | 48 months |  |
Minimum core earnings threshold |  |  |  |  | $ 0 |  |
Minimum | Management agreement |  |  |  |  |  |  |
Related-party transactions |  |  |  |  |  |  |
Independent director votes required for approval |  |  |  |  | 66.70% |  |
Manager | Management fee |  |  |  |  |  |  |
Related-party transactions |  |  |  |  |  |  |
Fees |  |  | 5,400,000 | $ 2,700,000 | $ 14,100,000 | 8,100,000 |
Amount unpaid |  |  | 5,400,000 | 2,700,000 | 5,400,000 | 2,700,000 |
Manager | Incentive distribution |  |  |  |  |  |  |
Related-party transactions |  |  |  |  |  |  |
Incentive distribution paid |  |  | 900,000 | 2,800,000 | 900,000 | 3,100,000 |
Amount unpaid |  |  | 900,000 | 2,800,000 | 900,000 | 2,800,000 |
Manager | Expense reimbursement |  |  |  |  |  |  |
Related-party transactions |  |  |  |  |  |  |
Reimbursable expenses |  |  | 2,400,000 | 1,500,000 | 8,200,000 | 7,000,000.0 |
Amount unpaid |  |  | $ 5,600,000 | $ 1,000,000.0 | 5,600,000 | $ 1,000,000.0 |
Manager | Waterfall Atlas Fund, LP |  |  |  |  |  |  |
Related-party transactions |  |  |  |  |  |  |
Commitment to invest into a parallel vehicle | $ 125,000,000.0 |  |  |  |  |  |
Distributions due as a percentage of carried interest distributions received by the General Partner | 15.00% |  |  |  |  |  |
Incremental percentage by which the entity's internal rate of return is to exceed the investment internal rate of return | 1.50% |  |  |  |  |  |
Cash contributions |  |  |  |  | 36,600,000 |  |
Amount of investment contributions committed but not yet funded |  |  |  |  | $ 88,400,000 |  |
Affiliate of Manager | Investment in unconsolidated joint ventures |  |  |  |  |  |  |
Related-party transactions |  |  |  |  |  |  |
Purchase of investment |  |  |  |  |  |  | $ 6,300,000

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