XML 54 R43.htm IDEA: XBRL DOCUMENT
v3.21.2

Mortgage Loans - Schedule of carrying value of mortgage loans (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020
--- | --- | ---
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages | [1],[2] | $ 955,628 | $ 1,119,372
Great Ajax II REIT |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 566,666 | 424,997
2018-C |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  |  | 173,221
2017-D |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 129,200 | 133,896
California |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 64,471 | 88,788
7f7 and better |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 144,518 | 142,235
4f4-6f6 and below |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 151,537 | 126,814
Non-PCD |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 28,436 | 29,421
Current |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 644,471 | 591,538
Current | Great Ajax II REIT |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 505,442 | 311,941
Current | 2018-C |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  |  | 70,034
Current | 2017-D |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  |  | 58,198
Current | California |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 22,095 | 42,214
Current | 7f7 and better |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 66,973 | 72,613
Current | 4f4-6f6 and below |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 22,274 | 13,976
Current | Non-PCD |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 27,687 | 22,562
30 |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 52,922 | 132,248
30 | Great Ajax II REIT |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 19,500 | 48,266
30 | 2018-C |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  |  | 20,541
30 | 2017-D |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  |  | 24,906
30 | California |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 5,956 | 7,660
30 | 7f7 and better |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 22,767 | 14,003
30 | 4f4-6f6 and below |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 4,634 | 10,773
30 | Non-PCD |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 65 | 6,099
60 |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 33,584 | 72,475
60 | Great Ajax II REIT |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 8,650 | 19,559
60 | 2018-C |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  |  | 15,300
60 | 2017-D |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  |  | 12,437
60 | California |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 5,280 | 5,519
60 | 7f7 and better |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 12,810 | 12,447
60 | 4f4-6f6 and below |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 6,844 | 7,157
60 | Non-PCD |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 0 | 56
90 |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 178,798 | 277,115
90 | Great Ajax II REIT |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 31,676 | 43,364
90 | 2018-C |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  |  | 57,538
90 | 2017-D |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  |  | 36,106
90 | California |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 25,756 | 29,343
90 | 7f7 and better |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 39,698 | 41,383
90 | 4f4-6f6 and below |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 81,621 | 68,677
90 | Non-PCD |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 47 | 704
Foreclosure |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 45,853 | 45,996
Foreclosure | Great Ajax II REIT |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 1,398 | 1,867
Foreclosure | 2018-C |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  |  | 9,808
Foreclosure | 2017-D |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  |  | 2,249
Foreclosure | California |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 5,384 | 4,052
Foreclosure | 7f7 and better |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 2,270 | 1,789
Foreclosure | 4f4-6f6 and below |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | 36,164 | 26,231
Foreclosure | Non-PCD |  |  |
Mortgage Loans on Real Estate |  |  |
Carrying value of mortgages |  | $ 637 | $ 0
[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 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: | srt_MortgageLoansOnRealEstateLineItems
Namespace Prefix: | srt_
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
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=ajx_GreatAjaxIIREITMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=ajx_AjaxMortgageLoanTrust2017DMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=stpr_CA
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=ajx_A7f7AndBetterMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=ajx_A4f46f6AndBelowMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=ajx_NonPCDLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=ajx_FinancingReceivablesCurrentPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivables30To59DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivables60To89DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=ajx_FinancingReceivablesForeclosurePastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |