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Fair Value - Schedule of Assets and Liabilities at Fair Value (Details) - USD ($)
$ in Thousands

Jun. 30, 2021

Dec. 31, 2020

Financial assets

Mortgage loans, net

^[1],[2]

$ 955,628

$ 1,119,372

Financial liabilities

Borrowings under repurchase transactions

394,386

421,132

Convertible senior notes, net

^[3]

103,427

110,057

Carrying value

Financial assets

Mortgage loans, net

955,628

1,119,372

Financial liabilities

Secured borrowings, net

653,948

585,403

Borrowings under repurchase transactions

394,386

421,132

Convertible senior notes, net

103,427

110,057

Level 1 - Quoted prices in active markets

Financial assets

Mortgage loans, net fair value

0

0

Financial liabilities

Secured borrowings, fair value

0

0

Borrowings under repurchase agreement, fair value

0

0

Convertible senior notes, net, fair value

111,693

110,675

Level 2 - Observable inputs other than Level 1 prices

Financial assets

Mortgage loans, net fair value

0

0

Financial liabilities

Secured borrowings, fair value

667,565

586,419

Borrowings under repurchase agreement, fair value

394,386

421,132

Convertible senior notes, net, fair value

0

0

Level 3 - Unobservable inputs

Financial assets

Mortgage loans, net fair value

1,043,197

1,232,081

Financial liabilities

Secured borrowings, fair value

0

0

Borrowings under repurchase agreement, fair value

0

0

Convertible senior notes, net, fair value

0

0

Investment in Manager | Carrying value

Financial assets

Investments In affiliates

1,571

1,366

Investment in Manager | Level 1 - Quoted prices in active markets

Financial assets

Investments in affiliates, fair value

0

0

Investment in Manager | Level 2 - Observable inputs other than Level 1 prices

Financial assets

Investments in affiliates, fair value

0

0

Investment in Manager | Level 3 - Unobservable inputs

Financial assets

Investments in affiliates, fair value

11,794

11,709

Investment in AS Ajax E LLC | Carrying value

Financial assets

Investments In affiliates

683

776

Investment in AS Ajax E LLC | Level 1 - Quoted prices in active markets

Financial assets

Investments in affiliates, fair value

0

0

Investment in AS Ajax E LLC | Level 2 - Observable inputs other than Level 1 prices

Financial assets

Investments in affiliates, fair value

825

934

Investment in AS Ajax E LLC | Level 3 - Unobservable inputs

Financial assets

Investments in affiliates, fair value

0

0

Investment in AS Ajax E II LLC | Carrying value

Financial assets

Investments In affiliates

2,840

3,381

Investment in AS Ajax E II LLC | Level 1 - Quoted prices in active markets

Financial assets

Investments in affiliates, fair value

0

0

Investment in AS Ajax E II LLC | Level 2 - Observable inputs other than Level 1 prices

Financial assets

Investments in affiliates, fair value

3,012

3,484

Investment in AS Ajax E II LLC | Level 3 - Unobservable inputs

Financial assets

Investments in affiliates, fair value

0

0

Servicer | Carrying value

Financial assets

Investments In affiliates

2,656

2,711

Servicer | Level 1 - Quoted prices in active markets

Financial assets

Investments in affiliates, fair value

0

0

Servicer | Level 2 - Observable inputs other than Level 1 prices

Financial assets

Investments in affiliates, fair value

0

0

Servicer | Level 3 - Unobservable inputs

Financial assets

Investments in affiliates, fair value

3,320

3,320

Gaea Real Estate Corp. | Carrying value

Financial assets

Investments In affiliates

19,818

20,001

Gaea Real Estate Corp. | Level 1 - Quoted prices in active markets

Financial assets

Investments in affiliates, fair value

0

0

Gaea Real Estate Corp. | Level 2 - Observable inputs other than Level 1 prices

Financial assets

Investments in affiliates, fair value

0

0

Gaea Real Estate Corp. | Level 3 - Unobservable inputs

Financial assets

Investments in affiliates, fair value

19,991

19,150

Investment in Loan pool LLCs | Carrying value

Financial assets

Investments In affiliates

361

381

Investment in Loan pool LLCs | Level 1 - Quoted prices in active markets

Financial assets

Investments in affiliates, fair value

0

0

Investment in Loan pool LLCs | Level 2 - Observable inputs other than Level 1 prices

Financial assets

Investments in affiliates, fair value

0

0

Investment in Loan pool LLCs | Level 3 - Unobservable inputs

Financial assets

Investments in affiliates, fair value

724

701

Beneficial interests in securitization trusts | Carrying value

Financial assets

Investments In affiliates

133,484

91,418

Beneficial interests in securitization trusts | Level 1 - Quoted prices in active markets

Financial assets

Investments, fair value disclosure

0

0

Beneficial interests in securitization trusts | Level 2 - Observable inputs other than Level 1 prices

Financial assets

Investments, fair value disclosure

0

0

Beneficial interests in securitization trusts | Level 3 - Unobservable inputs

Financial assets

Investments, fair value disclosure

$ 133,484

$ 91,418

[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.
[3]	Secured borrowings, net are presented net of deferred issuance costs of $9.5 million at June 30, 2021 and $5.4 million at December 31, 2020. Convertible senior notes, net are presented net of deferred issuance costs of $2.4 million at June 30, 2021 and $3.3 million at December 31, 2020.

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