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Mortgage Loans - Narrative (Details)
3 Months Ended 6 Months Ended
Jan. 01, 2020
USD ($)
Jun. 30, 2021
USD ($)
loanPool
loan
Jun. 30, 2020
USD ($)
loan
Jun. 30, 2021
USD ($)
loanPool
loan
Jun. 30, 2020
USD ($)
loan
Mar. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
loanPool
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Mortgage Loans on Real Estate                  
Mortgage loans, net [1],[2]   $ 955,628,000   $ 955,628,000     $ 1,119,372,000    
Allowance for credit loss   (9,833,000) $ (14,450,000) (9,833,000) $ (14,450,000) $ (17,890,000) $ (13,712,000) $ (16,136,000) $ (1,960,000)
Reversal of/(increase in) provision for credit losses due to increases/(decreases) in the net present value of expected cash flows   2,740,000 1,799,000 8,240,000 (94,000)        
Reversal of/(increase in) provision for credit losses due to increases/(decreases) in the net present value of expected cash flows     1,800,000 (8,240,000) 94,000        
Interest income   $ 18,400,000 $ 20,200,000 $ 41,600,000 39,800,000        
Aggregate unpaid principal balance of mortgage loans on real estate         $ 26,200,000        
Number of sold loans | loan   760 0   26        
Collateral value         $ 44,200,000        
Beginning period adjustment for CECL adoption $ 10,200,000                
Number of loan pools | loanPool   4   4     6    
Number of remaining loans | loan   22              
Reclassification from non-credit discount to the allowance for changes in payment expectations   $ 5,450,000 $ 0 $ (3,782,000) 0        
Reclassification from non-credit discount to allowance   0.0   0.0          
Provisions for losses   0 200,000 0 1,700,000        
Warrants original basis   9,500,000 9,500,000 9,500,000 9,500,000        
Mortgage loans                  
Mortgage Loans on Real Estate                  
Mortgage loans, net     $ 26,100,000   $ 26,100,000        
RPLs, NPLs, and originated SBCs                  
Mortgage Loans on Real Estate                  
Mortgage loans, net   $ 955,600,000   955,600,000     $ 1,100,000,000    
SBC loans acquired at or near origination                  
Mortgage Loans on Real Estate                  
Aggregate unpaid principal balance of mortgage loans on real estate       $ 3,600,000          
Number of originated SBC loans acquired | loan   0 0 1 0        
Non-PCD                  
Mortgage Loans on Real Estate                  
Mortgage loans, net   $ 28,436,000   $ 28,436,000     $ 29,421,000    
Number of loan pools | loanPool   1   1     1    
2017-D                  
Mortgage Loans on Real Estate                  
Mortgage loans, net   $ 129,200,000   $ 129,200,000     $ 133,896,000    
Aggregate unpaid principal balance of mortgage loans on real estate   $ 133,800,000   $ 133,800,000          
Number of sold loans | loan   760   760          
Residential RPLs                  
Mortgage Loans on Real Estate                  
Mortgage loans, net   $ 897,516,000   $ 897,516,000     1,057,454,000    
Number of mortgage loans on real estate | loan   38 0 237 26        
Aggregate unpaid principal balance of mortgage loans on real estate   $ 5,200,000   $ 41,200,000 $ 2,000,000.0        
Residential NPLs                  
Mortgage Loans on Real Estate                  
Mortgage loans, net   $ 36,820,000   $ 36,820,000     $ 38,724,000    
Number of mortgage loans on real estate | loan   0 0 3 1        
Aggregate unpaid principal balance of mortgage loans on real estate       $ 700,000 $ 200,000        
[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.