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Mortgage Loans - Schedule of Carrying Value of Mortgage Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019
--- | --- | ---
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages | [1],[2] | $ 1,080,617 | $ 1,151,469
Great Ajax II REIT |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 308,596 | 321,861
7f7 and better |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 232,820 | 230,431
2018-C |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 174,854 | 179,302
2017-D |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 137,121 | 148,120
CALIFORNIA |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 118,747 | 134,424
4f4-6f6 and below |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 103,080 | 113,897
Non-PCD |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 5,399 | 23,434
Current |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 691,313 | 676,143
Current | Great Ajax II REIT |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 254,360 | 265,677
Current | 7f7 and better |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 163,097 | 147,722
Current | 2018-C |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 96,276 | 75,253
Current | 2017-D |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 83,239 | 68,996
Current | CALIFORNIA |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 80,421 | 90,658
Current | 4f4-6f6 and below |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 12,493 | 6,412
Current | Non-PCD |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 1,427 | 21,425
30 |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 94,932 | 146,208
30 | Great Ajax II REIT |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 21,214 | 37,553
30 | 7f7 and better |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 22,875 | 29,371
30 | 2018-C |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 18,616 | 33,904
30 | 2017-D |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 15,549 | 28,318
30 | CALIFORNIA |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 9,721 | 12,733
30 | 4f4-6f6 and below |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 6,706 | 4,329
30 | Non-PCD |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 251 | 0
60 |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 88,312 | 93,806
60 | Great Ajax II REIT |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 19,437 | 14,034
60 | 7f7 and better |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 21,155 | 22,645
60 | 2018-C |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 17,081 | 19,756
60 | 2017-D |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 12,160 | 14,452
60 | CALIFORNIA |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 8,926 | 9,123
60 | 4f4-6f6 and below |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 7,617 | 12,946
60 | Non-PCD |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 1,936 | 850
90 |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 166,808 | 197,015
90 | Great Ajax II REIT |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 13,484 | 4,597
90 | 7f7 and better |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 25,181 | 28,864
90 | 2018-C |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 35,369 | 42,315
90 | 2017-D |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 23,899 | 33,166
90 | CALIFORNIA |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 17,918 | 20,737
90 | 4f4-6f6 and below |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 49,172 | 66,177
90 | Non-PCD |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 1,785 | 1,159
Foreclosure |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 39,252 | 38,297
Foreclosure | Great Ajax II REIT |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 101 | 0
Foreclosure | 7f7 and better |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 512 | 1,829
Foreclosure | 2018-C |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 7,512 | 8,074
Foreclosure | 2017-D |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 2,274 | 3,188
Foreclosure | CALIFORNIA |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 1,761 | 1,173
Foreclosure | 4f4-6f6 and below |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 27,092 | 24,033
Foreclosure | Non-PCD |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | $ 0 | $ 0
[1] | As of June 30, 2020, balances for Mortgage loans, net includes $312.0 million and Secured borrowings, net of deferred costs includes $263.6 million from 50% and 63% owned joint ventures, respectively. As of December 31, 2019, balances for Mortgage loans, net include $341.8 million and Secured borrowings, net of deferred costs includes $284.8 million from 50% and 63% owned joint ventures, all of which the Company consolidates under U.S. Generally Accepted Accounting Principles ("U.S. GAAP").
[2] | Mortgage loans net include $871.7 million and $908.6 million of loans at June 30, 2020 and December 31, 2019, respectively, transferred to securitization trusts that are variable interest entities (“VIEs”); these loans can only be used to settle obligations of the VIEs. Secured borrowings consist of notes issued by VIEs that can only be settled with the assets and cash flows of the VIEs. The creditors do not have recourse to the primary beneficiary (Great Ajax Corp.). See Note 9 — Debt. Mortgage loans, net include $14.5 million and $2.0 million of allowance for loan credit losses at June 30, 2020 and December 31, 2019, respectively.

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