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Collateralized Debt Obligations (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Mortgages Payable in Consolidated VIEs | The following tables present a summary of the Company's CDOs as of June 30, 2022 and December 31, 2021, respectively (dollar amounts in thousands):
| June 30, 2022
| Outstanding Face Amount |  | Carrying Value |  | Weighted Average Interest Rate (1) |  |  |  | Stated Maturity (2)
Consolidated SLST (3) | $ | 742,601 |  |  | $ | 710,233 |  |  | 2.75 | % |  |  |  | 2059
Residential loan securitizations | 1,112,421 |  |  | 1,107,091 |  |  | 2.77 | % |  |  |  | 2026 - 2061
Total collateralized debt obligations | $ | 1,855,022 |  |  | $ | 1,817,324 |  |  |  |  |  |  |
| December 31, 2021
| Outstanding Face Amount |  | Carrying Value |  | Weighted Average Interest Rate (1) |  |  |  | Stated Maturity (2)
Consolidated SLST (3) | $ | 814,256 |  |  | $ | 839,419 |  |  | 2.75 | % |  |  |  | 2059
Residential loan securitizations | 686,122 |  |  | 682,802 |  |  | 2.43 | % |  |  |  | 2026 - 2061
Total collateralized debt obligations | $ | 1,500,378 |  |  | $ | 1,522,221 |  |  |  |  |  |  |
(1)Weighted average interest rate is calculated using the outstanding face amount and stated interest rate of notes issued by the securitization and not owned by the Company. (2)The actual maturity of the Company's CDOs are primarily determined by the rate of principal prepayments on the assets of the issuing entity. The CDOs are also subject to redemption prior to the stated maturity according to the terms of the respective governing documents. As a result, the actual maturity of the CDOs may occur earlier than the stated maturity. (3)The Company has elected the fair value option for CDOs issued by Consolidated SLST (see Note 14). The following table presents detailed information for these mortgages payable on real estate as of June 30, 2022 and December 31, 2021, respectively (dollar amounts in thousands):
| Maximum Committed Mortgage Principal Amount |  | Outstanding Mortgage Balance |  | Net Deferred Finance Cost |  | Mortgage Payable, Net |  | Stated Maturity |  | Weighted Average Interest Rate (1) |  |
June 30, 2022 | $ | 1,354,367 |  |  | $ | 1,272,515 |  |  | $ | (21,456) |  |  | $ | 1,251,059 |  |  | 2024 - 2032 |  | 4.00 | % |  |
December 31, 2021 | 745,915 |  |  | 718,717 |  |  | (9,361) |  |  | 709,356 |  |  | 2024 - 2031 |  | 3.56 | % |  |
(1)Weighted average interest rate is calculated using the outstanding mortgage balance and interest rate as of the date indicated.
Schedule of Maturities of Collateralized Debt Obligations | The Company's collateralized debt obligations as of June 30, 2022 had stated maturities as follows:
Year ending December 31, |  | Total
2022 |  | $ | — |
2023 |  | — |
2024 |  | — |
2025 |  | — |
2026 |  | 180,000 |
2027 |  | 225,000 |
Thereafter |  | 1,450,022 |
Total |  | $ | 1,855,022 |
As of June 30, 2022, maturities for debt on the Company's condensed consolidated balance sheet are as follows (dollar amounts in thousands):
Year Ending December 31, |  | Outstanding Balance
2022 |  | $ | — |
2023 |  | — |
2024 |  | 294,814 |
2025 |  | 535,240 |
2026 |  | 133,772 |
2027 |  | — |
Thereafter |  | 453,689 |
|  | $ | 1,417,515 |

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