XML 74 R63.htm IDEA: XBRL DOCUMENT
v3.21.2

Debt - Schedule of Status of Notes and Securitizations (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020
--- | --- | ---
Debt Instrument [Line Items] |  |  |
Carrying value of mortgages | [1],[2] | $ 955,628 | $ 1,119,372
Mortgage loans |  |  |
Debt Instrument [Line Items] |  |  |
Carrying value of mortgages |  | 821,583 | 842,177
Bond principal balance |  | $ 663,406 | $ 590,761
Percentage of collateral coverage |  | 124.00% | 143.00%
Original balances at securitization cutoff date Mortgage UPB |  | $ 1,606,969 |
Original balances at securitization cutoff date Bond principal balance |  | 1,162,564 |
Mortgage loans | 2017-B |  |  |
Debt Instrument [Line Items] |  |  |
Carrying value of mortgages |  | 0 | $ 110,062
Bond principal balance |  | $ 0 | $ 68,729
Percentage of collateral coverage |  | 0.00% | 160.00%
Original balances at securitization cutoff date Mortgage UPB |  | $ 165,850 |
Original balances at securitization cutoff date Bond principal balance |  | 115,846 |
Mortgage loans | 2017-D |  |  |
Debt Instrument [Line Items] |  |  |
Carrying value of mortgages |  | 0 | $ 133,897
Bond principal balance |  | $ 0 | $ 51,256
Percentage of collateral coverage |  | 0.00% | 261.00%
Original balances at securitization cutoff date Mortgage UPB |  | $ 203,870 |
Original balances at securitization cutoff date Bond principal balance |  | 88,903 |
Cash collateral for borrowed securities |  | 26,700 |
Mortgage loans | 2017-D | Class A Notes |  |  |
Debt Instrument [Line Items] |  |  |
Original Principal |  |  | $ 102,600
Secured borrowings |  |  | 51,300
Mortgage loans | 2018-C |  |  |
Debt Instrument [Line Items] |  |  |
Carrying value of mortgages |  | 0 | 173,221
Bond principal balance |  | $ 0 | $ 131,983
Percentage of collateral coverage |  | 0.00% | 131.00%
Original balances at securitization cutoff date Mortgage UPB |  | $ 222,181 |
Original balances at securitization cutoff date Bond principal balance |  | 167,910 |
Cash collateral for borrowed securities |  | 45,500 |
Mortgage loans | 2018-C | Class A Notes |  |  |
Debt Instrument [Line Items] |  |  |
Original Principal |  |  | $ 132,700
Secured borrowings |  |  | 126,100
Mortgage loans | 2018-C | Class B Notes |  |  |
Debt Instrument [Line Items] |  |  |
Original Principal |  |  | 15,900
Secured borrowings |  |  | 5,900
Mortgage loans | 2019-D |  |  |
Debt Instrument [Line Items] |  |  |
Carrying value of mortgages |  | 133,598 | 148,641
Bond principal balance |  | $ 109,891 | $ 125,008
Percentage of collateral coverage |  | 122.00% | 119.00%
Original balances at securitization cutoff date Mortgage UPB |  | $ 193,301 |
Original balances at securitization cutoff date Bond principal balance |  | 156,670 |
Mortgage loans | 2019-F |  |  |
Debt Instrument [Line Items] |  |  |
Carrying value of mortgages |  | 127,059 | $ 139,996
Bond principal balance |  | $ 94,250 | $ 108,184
Percentage of collateral coverage |  | 135.00% | 129.00%
Original balances at securitization cutoff date Mortgage UPB |  | $ 170,876 |
Original balances at securitization cutoff date Bond principal balance |  | 127,673 |
Mortgage loans | 2020-B |  |  |
Debt Instrument [Line Items] |  |  |
Carrying value of mortgages |  | 127,515 | $ 136,360
Bond principal balance |  | $ 97,540 | $ 105,601
Percentage of collateral coverage |  | 131.00% | 129.00%
Original balances at securitization cutoff date Mortgage UPB |  | $ 156,468 |
Original balances at securitization cutoff date Bond principal balance |  | 114,534 |
Mortgage loans | 2021-A |  |  |
Debt Instrument [Line Items] |  |  |
Carrying value of mortgages |  | 178,494 | $ 0
Bond principal balance |  | $ 160,924 | $ 0
Percentage of collateral coverage |  | 111.00% | 0.00%
Original balances at securitization cutoff date Mortgage UPB |  | $ 206,528 |
Original balances at securitization cutoff date Bond principal balance |  | 175,116 |
Mortgage loans | 2021-B |  |  |
Debt Instrument [Line Items] |  |  |
Carrying value of mortgages |  | 254,917 | $ 0
Bond principal balance |  | $ 200,801 | $ 0
Percentage of collateral coverage |  | 127.00% | 0.00%
Original balances at securitization cutoff date Mortgage UPB |  | $ 287,895 |
Original balances at securitization cutoff date Bond principal balance |  | $ 215,912 |
[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.

X
- Definition Represents the amount related to principal balance of bond at cutoff date. + References No definition available. + Details
Name: | ajx_BondPrincipalBalanceAtCutoffDate
Namespace Prefix: | ajx_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Represents the percentage of collateral coverage. + References No definition available. + Details
Name: | ajx_DebtInstrumentPercentageOfCollateralCoverage
Namespace Prefix: | ajx_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Represents mortgage loans on real estate, Unpaid principal balance at cutoff date. + References No definition available. + Details
Name: | ajx_MortgageLoansOnRealEstateUnpaidPrincipalBalanceAtCutoffDate
Namespace Prefix: | ajx_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of contractual principal due at origination of mortgage loan within investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph Column F -Subsection 29 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29(Column F)) -URI http://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014 + Details
Name: | srt_MortgageLoansOnRealEstateFaceAmountOfMortgages
Namespace Prefix: | srt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Carrying amount as of the balance sheet date of cash collateral held for borrowed securities, for which the cash is restricted as to withdrawal or usage. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.1) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.(a),2) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
Name: | us-gaap_CashCollateralForBorrowedSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29(Column G)) -URI http://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014 + Details
Name: | us-gaap_MortgageLoansOnRealEstate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of liability associated with securities borrowed from entities in exchange for collateral. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226003-175313 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
Name: | us-gaap_SecuritiesBorrowedLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_MortgagesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=ajx_AjaxMortgageLoanTrustB2017Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=ajx_AjaxMortgageLoanTrustD2017Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ajx_ClassANotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=ajx_AjaxMortgageLoanTrust2018CMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ajx_ClassBNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=ajx_AjaxMortgageLoanTrust2019DMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=ajx_AjaxMortgageLoanTrust2019FMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=ajx_AjaxMortgageLoanTrust2020BMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=ajx_AjaxMortgageLoanTrust2021AMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=ajx_AjaxMortgageLoanTrust2021BMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |