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Related Party Transactions (Tables) | 6 Months Ended
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Jun. 30, 2021
Related Party Transactions [Abstract] |
Schedule of related party transactions | The Company’s consolidated statements of income included the following significant related party transactions ($ in thousands):
|  |  |  |  |  | Three months ended June 30,
Transaction |  | Consolidated Statement of Income location |  | Counterparty |  | 2021 |  | 2020
Interest income on securities and beneficial interest and net increase in the net present value of expected cash flows on beneficial interests |  | Net interest income after the impact of changes in the net present value of expected cash flows |  | Various non-consolidated joint ventures |  | $ | 8,844 |  |  | $ | 7,831 |
Management fee |  | Related party expense – management fee |  | Manager |  | $ | 2,267 |  |  | $ | 2,143 |
Loan servicing fees |  | Related party expense – loan servicing fees |  | Servicer |  | $ | 1,699 |  |  | $ | 1,936 |
Income from equity investment |  | Income/(loss) from investments in affiliates |  | Manager |  | $ | 283 |  |  | $ | 527 |
Gain on refinancing of securitization trust |  | Other income |  | 2021-C |  | $ | 122 |  |  | $ | — |
Income from equity investment |  | Income/(loss) from investments in affiliates |  | Gaea |  | $ | 42 |  |  | $ | 56 |
|  |  |  |  |  | Three months ended June 30,
Income from equity investment |  | Income/(loss) from investments in affiliates |  | Servicer |  | $ | 7 |  |  | $ | 72 |
Income from equity investment |  | Income/(loss) from investments in affiliates |  | AS Ajax E LLC |  | $ | 7 |  |  | $ | 6 |
Loss from equity investment |  | Income/(loss) from investments in affiliates |  | Loan pool LLCs |  | $ | (14) |  |  | $ | (23) |
|  |  |  |  |  | Six months ended June 30,
Transaction |  | Consolidated Statement of Income location |  | Counterparty |  | 2021 |  | 2020
Interest income on securities and beneficial interest and net increase in the net present value of expected cash flows on beneficial interests |  | Net interest income after the impact of changes in the net present value of expected cash flows |  | Various non-consolidated joint ventures |  | $ | 14,796 |  |  | $ | 9,850 |
Management fee |  | Related party expense – management fee |  | Manager |  | $ | 4,537 |  |  | $ | 3,942 |
Loan servicing fees |  | Related party expense – loan servicing fees |  | Servicer |  | $ | 3,532 |  |  | $ | 3,950 |
Income/(loss) from equity investment |  | Income/(loss) from investments in affiliates |  | Manager |  | $ | 451 |  |  | $ | (439) |
Gain on refinancing of securitization trust |  | Other income |  | 2021-C |  | $ | 122 |  |  | $ | — |
Income from equity investment |  | Income/(loss) from investments in affiliates |  | Gaea |  | $ | 60 |  |  | $ | 60 |
Income from equity investment |  | Income/(loss) from investments in affiliates |  | AS Ajax E LLC |  | $ | 16 |  |  | $ | 16 |
Loss on sale of mortgage loans |  | Loss on sale of mortgage loans |  | Gaea |  | $ | — |  |  | $ | (705) |
(Loss)/income from equity investment |  | Income/(loss) from investments in affiliates |  | Loan pool LLCs |  | $ | (21) |  |  | $ | 56 |
(Loss)/income from equity investment |  | Income/(loss) from investments in affiliates |  | Servicer |  | $ | (55) |  |  | $ | (204) |
The Company’s consolidated balance sheets included the following significant related party balances ($ in thousands):
|  |  |  |  |  | As of June 30, 2021
Transaction |  | Consolidated Balance Sheet location |  | Counterparty |  | Amount
Investment in beneficial interests |  | Investment in beneficial interests |  | Various non-consolidated joint ventures |  | $ | 133,484 |
Receivables from Servicer |  | Receivable from servicer |  | Servicer |  | $ | 23,907 |
Affiliate loan receivable |  | Mortgage loans, net |  | Gaea |  | $ | 7,007 |
Management fee payable |  | Management fee payable |  | Manager |  | $ | 2,267 |
Expense reimbursement receivable |  | Prepaid expenses and other assets |  | Various non-consolidated joint ventures |  | $ | 1,346 |
Expense reimbursement |  | Accrued expenses and other liabilities |  | Servicer |  | $ | (80) |
|  |  |  |  |  | As of December 31, 2020
Transaction |  | Consolidated Balance Sheet location |  | Counterparty |  | Amount
Investment in beneficial interests |  | Investment in beneficial interests |  | Various non-consolidated joint ventures |  | $ | 91,418 |
Receivables from Servicer |  | Receivable from servicer |  | Servicer |  | $ | 15,755 |
Affiliate loan receivable |  | Mortgage loans, net |  | Gaea |  | $ | 11,000 |
Management fee payable |  | Management fee payable |  | Manager |  | $ | 2,247 |
Affiliate loan purchase |  | Mortgage loans, net |  | Servicer |  | $ | 1,838 |
Expense reimbursement receivable |  | Prepaid expenses and other assets |  | Various non-consolidated joint ventures |  | $ | 876 |
Expense reimbursement receivable |  | Prepaid expenses and other assets |  | Manager |  | $ | 18 |
Expense reimbursements |  | Accrued expenses and other liabilities |  | Servicer |  | $ | (44) |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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