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Mortgage Loans - Schedule of loan portfolio basis by asset type (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020
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Mortgage Loans on Real Estate |  |  |
Mortgage loans, net | [1],[2] | $ 955,628 | $ 1,119,372
SBC loans |  |  |
Mortgage Loans on Real Estate |  |  |
Mortgage loans, net |  | 21,292 | 23,194
Residential RPLs |  |  |
Mortgage Loans on Real Estate |  |  |
Mortgage loans, net |  | 897,516 | 1,057,454
Residential NPLs |  |  |
Mortgage Loans on Real Estate |  |  |
Mortgage loans, net |  | $ 36,820 | $ 38,724
[1] | As of June 30, 2021, balances for Mortgage loans, net include $1.9 million from a 50.0% owned joint venture. As of December 31, 2020, balances for Mortgage loans, net include $307.1 million and Secured borrowings, net of deferred costs includes $250.6 million from 50.0% and 63.0% owned joint ventures, all of which the Company consolidates under U.S. Generally Accepted Accounting Principles ("U.S. GAAP"). The creditors do not have recourse to the primary beneficiary (Great Ajax Corp.). See Note 9 — Debt.
[2] | Mortgage loans, net include $821.6 million and $842.2 million of loans at June 30, 2021 and December 31, 2020, 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 $9.8 million and $13.7 million of allowance for loan credit losses at June 30, 2021 and December 31, 2020, respectively.

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