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.