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Fair Value of Financial Instruments - Valuation for Level 3 Assets (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Total (losses)/gains (realized/unrealized)      
Balance at beginning of period $ 3,471,854 $ 20,659,268 $ 12,503,064
Included in earnings 99,416 138,979 620,942
Included in other comprehensive income (loss)     (13,665)
Transfers in 0 500,793  
Transfers out (4,133) (254,525) (913)
Transfers to securitization trust 0 0  
Funding/Contributions 145,143 80,500 50,000
Paydowns/Distributions (1,281,879) (744,378) (1,182,762)
Recovery of charge-off 0 35 (3,257)
Sales (77,127) (17,478,375) (76,583)
Purchases 1,581,979 569,557 8,762,442
Balance at the end of period 3,935,253 3,471,854 20,659,268
VIE, Primary Beneficiary      
Total (losses)/gains (realized/unrealized)      
Recovery of charge-off     (3,257)
VIE, Primary Beneficiary | Consolidated SLST      
Total (losses)/gains (realized/unrealized)      
Balance at beginning of period 1,266,785 1,328,886 0
Included in earnings (35,953) 27,898 (445)
Included in other comprehensive income (loss)     0
Transfers in 0 0  
Transfers out 0 0 0
Transfers to securitization trust 0 0  
Funding/Contributions 0 0 0
Paydowns/Distributions (159,950) (89,999) (3,729)
Recovery of charge-off 0 0 0
Sales 0 0 0
Purchases 0 0 1,333,060
Balance at the end of period 1,070,882 1,266,785 1,328,886
VIE, Primary Beneficiary | Consolidated K-Series      
Total (losses)/gains (realized/unrealized)      
Balance at beginning of period 0 17,816,746 11,679,847
Included in earnings   41,795 533,094
Included in other comprehensive income (loss)     0
Transfers in   0  
Transfers out   (237,297) 0
Transfers to securitization trust   0  
Funding/Contributions   0 0
Paydowns/Distributions   (239,796) (992,912)
Recovery of charge-off   35 (3,257)
Sales   (17,381,483) 0
Purchases   0 6,599,974
Balance at the end of period   0 17,816,746
Residential loans      
Total (losses)/gains (realized/unrealized)      
Balance at beginning of period 1,090,930 1,429,754 737,523
Included in earnings 36,844 (9,240) 55,459
Included in other comprehensive income (loss)     0
Transfers in 0 164,279  
Transfers out (2,080) (6,017) (913)
Transfers to securitization trust 305,433 (651,911)  
Funding/Contributions 0 0 0
Paydowns/Distributions (618,790) (308,600) (171,909)
Recovery of charge-off 0 0 0
Sales (74,751) (96,892) (19,814)
Purchases 1,576,570 569,557 829,408
Balance at the end of period 1,703,290 1,090,930 1,429,754
Residential loans held in securitization trusts      
Total (losses)/gains (realized/unrealized)      
Balance at beginning of period 691,451 0  
Included in earnings 43,001 31,402  
Transfers in 0 46,572  
Transfers out (2,053) (2,492)  
Transfers to securitization trust (305,433) 651,911  
Funding/Contributions 0 0  
Paydowns/Distributions (239,436) (35,942)  
Recovery of charge-off 0 0  
Sales (2,376) 0  
Purchases 5,409 0  
Balance at the end of period 801,429 691,451 0
Multi-family loans      
Total (losses)/gains (realized/unrealized)      
Balance at beginning of period 163,593    
Included in earnings 18,795    
Transfers in 0    
Transfers out 0    
Transfers to securitization trust 0    
Funding/Contributions 37,678    
Paydowns/Distributions (100,045)    
Recovery of charge-off 0    
Sales 0    
Purchases 0    
Balance at the end of period 120,021 163,593  
Preferred equity and mezzanine loan investments      
Total (losses)/gains (realized/unrealized)      
Balance at beginning of period 163,593 0  
Included in earnings   20,454  
Transfers in   182,465  
Transfers out   (8,719)  
Transfers to securitization trust   0  
Funding/Contributions   14,164  
Paydowns/Distributions   (44,771)  
Recovery of charge-off   0  
Sales   0  
Purchases   0  
Balance at the end of period   163,593 0
CMBS held in re-securitization trusts      
Total (losses)/gains (realized/unrealized)      
Balance at beginning of period   0 52,700
Included in earnings     17,734
Included in other comprehensive income (loss)     (13,665)
Transfers out     0
Funding/Contributions     0
Paydowns/Distributions     0
Recovery of charge-off     0
Sales     (56,769)
Purchases     0
Balance at the end of period     0
Equity investments      
Total (losses)/gains (realized/unrealized)      
Balance at beginning of period 259,095 83,882 32,994
Included in earnings 36,729 26,670 15,100
Included in other comprehensive income (loss)     0
Transfers in 0 107,477  
Transfers out 0 0 0
Transfers to securitization trust 0 0  
Funding/Contributions 107,465 66,336 50,000
Paydowns/Distributions (163,658) (25,270) (14,212)
Recovery of charge-off 0 0 0
Sales 0 0 0
Purchases 0 0 0
Balance at the end of period $ 239,631 $ 259,095 $ 83,882