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Related Party Transactions (Tables)
 6 Months Ended
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,
TransactionConsolidated Statement of Income locationCounterparty20212020
Interest income on securities and beneficial interest and net increase in the net present value of expected cash flows on beneficial interestsNet interest income after the impact of changes in the net present value of expected cash flowsVarious non-consolidated joint ventures$8,844 $7,831 
Management feeRelated party expense – management feeManager$2,267 $2,143 
Loan servicing feesRelated party expense – loan servicing feesServicer$1,699 $1,936 
Income from equity investmentIncome/(loss) from investments in affiliatesManager$283 $527 
Gain on refinancing of securitization trustOther income2021-C$122 $— 
Income from equity investmentIncome/(loss) from investments in affiliatesGaea$42 $56 
Three months ended June 30,
Income from equity investmentIncome/(loss) from investments in affiliatesServicer$7 $72 
Income from equity investmentIncome/(loss) from investments in affiliatesAS Ajax E LLC$7 $6 
Loss from equity investmentIncome/(loss) from investments in affiliatesLoan pool LLCs$(14)$(23)

Six months ended June 30,
TransactionConsolidated Statement of Income locationCounterparty20212020
Interest income on securities and beneficial interest and net increase in the net present value of expected cash flows on beneficial interestsNet interest income after the impact of changes in the net present value of expected cash flowsVarious non-consolidated joint ventures$14,796 $9,850 
Management feeRelated party expense – management feeManager$4,537 $3,942 
Loan servicing feesRelated party expense – loan servicing feesServicer$3,532 $3,950 
Income/(loss) from equity investmentIncome/(loss) from investments in affiliatesManager$451 $(439)
Gain on refinancing of securitization trustOther income2021-C$122 $— 
Income from equity investmentIncome/(loss) from investments in affiliatesGaea$60 $60 
Income from equity investmentIncome/(loss) from investments in affiliatesAS Ajax E LLC$16 $16 
Loss on sale of mortgage loansLoss on sale of mortgage loansGaea$— $(705)
(Loss)/income from equity investmentIncome/(loss) from investments in affiliatesLoan pool LLCs$(21)$56 
(Loss)/income from equity investmentIncome/(loss) from investments in affiliatesServicer$(55)$(204)

The Company’s consolidated balance sheets included the following significant related party balances ($ in thousands):
As of June 30, 2021
TransactionConsolidated Balance Sheet locationCounterpartyAmount
Investment in beneficial interestsInvestment in beneficial interestsVarious non-consolidated joint ventures$133,484 
Receivables from ServicerReceivable from servicerServicer$23,907 
Affiliate loan receivableMortgage loans, netGaea$7,007 
Management fee payableManagement fee payableManager$2,267 
Expense reimbursement receivablePrepaid expenses and other assetsVarious non-consolidated joint ventures$1,346 
Expense reimbursement Accrued expenses and other liabilitiesServicer$(80)
As of December 31, 2020
TransactionConsolidated Balance Sheet locationCounterpartyAmount
Investment in beneficial interestsInvestment in beneficial interestsVarious non-consolidated joint ventures$91,418 
Receivables from ServicerReceivable from servicerServicer$15,755 
Affiliate loan receivableMortgage loans, netGaea$11,000 
Management fee payableManagement fee payableManager$2,247 
Affiliate loan purchaseMortgage loans, netServicer$1,838 
Expense reimbursement receivablePrepaid expenses and other assetsVarious non-consolidated joint ventures$876 
Expense reimbursement receivablePrepaid expenses and other assetsManager$18 
Expense reimbursementsAccrued expenses and other liabilitiesServicer$(44)