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Related party Transactions - Narrative (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 08, 2014
Jun. 30, 2020
USD ($)
loan
Jun. 30, 2019
USD ($)
loan
Jun. 30, 2020
USD ($)
calender
loan
Jun. 30, 2019
USD ($)
loan
Dec. 31, 2019
USD ($)
Related Party Transaction [Line Items]            
Income/(loss) on sale of mortgage loans [1]   $ 0 $ 7,014 $ (705) $ 7,014  
Management fee payable   2,139   $ 2,139   $ 1,634
Period of termination of license agreement       30 days    
Investment In Securities   $ 0 $ 20,200 $ 61,300 $ 84,200  
Number of sold loans | loan   0 962 26 962  
Mortgage Loans On Real Estate Commitments To Purchase Or Sell Unpaid Principal Balance     $ 200,100 $ 26,200 $ 200,100  
Investment in debt securities   $ 257,990   $ 257,990   231,685
Percentage of ownership interests in joint venture   34.00%   34.00%    
Investments in beneficial interests   $ 69,876   $ 69,876   57,954
Related party expense – management fee   2,143 1,652 $ 3,942 3,340  
Percentage Of Management Fees Payable in Cash, Minimum       50.00%    
Percentage Of Management Fees Payable In Cash, Maximum       100.00%    
Percentage Of Incentive Fees Payable in Cash       100.00%    
Carrying value of mortgages [2],[3]   1,080,617   $ 1,080,617   1,151,469
Mortgage loans            
Related Party Transaction [Line Items]            
Carrying value of mortgages   26,100   26,100    
Prepaid expenses and other assets            
Related Party Transaction [Line Items]            
Amount of transaction   560   560   241
Thetis            
Related Party Transaction [Line Items]            
Related party expense – management fee     1,600   3,200  
Thetis | Management fees            
Related Party Transaction [Line Items]            
Related party expense – management fee   2,143 1,652 $ 3,942 3,340  
Thetis | Management Agreement            
Related Party Transaction [Line Items]            
Base management fee percentage       1.50%    
Thetis | Amended And Restated Management Agreement            
Related Party Transaction [Line Items]            
Management fee payable   1,000   $ 1,000    
Percentage of base management fees payable in cash       75.00%    
Percentage of base management fee payable in shares of common stock       25.00%    
Percentage in excess of base management fees payable in cash       50.00%    
Percentage in excess of base management fees payable in shares       50.00%    
Period of common shares held as base management fee (at least)       3 years    
Percentage of remaining incentive fee payable in common stock       20.00%    
Percentage of remaining incentive fee in excess of book value       8.00%    
Number of calender quarters | calender       8    
Incentive Fee Expense   0 0 $ 0 200  
Percentage of Independent Directors       66.67%    
Thetis | Prepaid expenses and other assets            
Related Party Transaction [Line Items]            
Amount of transaction   59   $ 59   87
Gregory            
Related Party Transaction [Line Items]            
Line of Credit Facility, Maximum Borrowing Capacity   $ 12,000   $ 12,000    
Fixed interest rate   7.20%   7.20%    
Gregory | Servicing Agreement            
Related Party Transaction [Line Items]            
Servicing fees percentage       0.42%    
Percentage of Purchase Price of REO 1.00%          
Gregory | Servicing Agreement | Minimum [Member]            
Related Party Transaction [Line Items]            
Servicing fees percentage       0.65%    
Gregory | Servicing Agreement | Maximum [Member]            
Related Party Transaction [Line Items]            
Servicing fees percentage       1.25%    
Gregory | Prepaid expenses and other assets            
Related Party Transaction [Line Items]            
Amount of transaction   $ 918   $ 918   687
Gregory | Prepaid expenses and other assets | Receivable from Servicer for REO acquisitions            
Related Party Transaction [Line Items]            
Amount of transaction   0   0   $ 585
2019-C            
Related Party Transaction [Line Items]            
Investment In Securities     12,100   12,100  
2019-C | Mortgage loans            
Related Party Transaction [Line Items]            
Carrying value of mortgages     176,900   176,900  
Beneficial interests            
Related Party Transaction [Line Items]            
Investment in beneficial interests   $ 0   7,100 17,400  
Beneficial interests | 2019-C            
Related Party Transaction [Line Items]            
Investment in beneficial interests     8,000   8,000  
Senior Notes            
Related Party Transaction [Line Items]            
Investment in senior notes     7,500 49,600 57,500  
Subordinated Debt            
Related Party Transaction [Line Items]            
Investment in subordinate notes     $ 4,700 $ 4,600 $ 9,300  
[1] The Company sold no mortgage loans during the three months ended June 30, 2020. During the six months ended June 30, 2020, the Company sold 26 SBC mortgage loans with a carrying value of $26.1 million and UPB of $26.2 million for a loss of $0.7 million. Comparatively, during the three and six months ended June 30, 2019, the Company sold 962 loans with a carrying value of $176.9 million and UPB of $200.1 million for a gain of $7.0 million.
[2] 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").
[3] 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.