Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Additional Information (Details)
$ in Thousands, £ in Millions |
|
3 Months Ended |
9 Months Ended |
12 Months Ended |
|
|
|
|
|
|
May 24, 2021
USD ($)
|
Sep. 30, 2022
USD ($)
loan
|
Sep. 30, 2022
GBP (£)
|
Jun. 30, 2022
USD ($)
|
Mar. 31, 2022
USD ($)
|
Sep. 30, 2021
USD ($)
|
Jun. 30, 2021
USD ($)
|
Mar. 31, 2020
USD ($)
|
Sep. 30, 2022
USD ($)
loan
|
Sep. 30, 2022
GBP (£)
|
Sep. 30, 2021
USD ($)
|
Dec. 31, 2021
USD ($)
|
Sep. 30, 2022
GBP (£)
loan
|
Aug. 03, 2022
USD ($)
|
Mar. 31, 2021
USD ($)
|
Dec. 31, 2020
USD ($)
|
Nov. 30, 2020
USD ($)
|
Nov. 30, 2020
GBP (£)
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage loans on real estate, commercial and consumer, percentage of portfolio |
|
|
|
|
|
|
|
|
|
100.00%
|
100.00%
|
|
100.00%
|
|
|
|
|
|
|
| Interest receivable |
|
|
$ 61,512
|
|
|
|
|
|
|
$ 61,512
|
|
|
$ 41,219
|
|
|
|
|
|
|
| Amortized cost of loans in cost recovery |
|
|
661,500
|
|
|
|
|
|
|
661,500
|
|
|
639,600
|
|
|
|
|
|
|
| Interest received for loans in cost recovery |
|
|
$ 2,100
|
|
|
|
$ 200
|
|
|
$ 2,600
|
|
$ 1,000
|
|
|
|
|
|
|
|
| Number of loans | loan |
|
|
3
|
|
|
|
|
|
|
3
|
|
|
|
3
|
|
|
|
|
|
| Total carrying value, net |
|
|
$ 8,731,306
|
|
|
|
|
|
|
$ 8,731,306
|
|
|
7,857,260
|
|
$ 226,500
|
|
|
|
|
| Payment in kind interest |
|
|
2,700
|
|
|
|
10,200
|
|
|
8,300
|
|
40,700
|
|
|
|
|
|
|
|
| Specific CECL Allowance, net |
|
$ 10,000
|
(53,000)
|
|
$ (10,000)
|
|
|
$ 20,000
|
|
(26,000)
|
|
(30,000)
|
|
|
|
|
|
|
|
| Off-balance sheet, credit loss, liability |
|
|
2,812
|
|
$ 3,999
|
$ 3,928
|
2,193
|
$ 2,444
|
|
2,812
|
|
2,193
|
3,106
|
|
|
$ 3,794
|
$ 3,365
|
|
|
| Allowance for credit loss, current |
|
|
7,000
|
|
|
|
|
|
|
7,000
|
|
|
|
|
|
|
|
|
|
| Proceeds from pre-payment penalties or accelerated fees |
|
|
100
|
|
|
|
600
|
|
|
2,500
|
|
$ 1,200
|
|
|
|
|
|
|
|
| Subordinate Mortgage Portfolio Segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total carrying value, net |
[1],[2] |
|
717,837
|
|
|
|
|
|
|
717,837
|
|
|
844,948
|
|
|
|
|
|
|
| Maximum exposure to loss |
|
|
51,100
|
|
|
|
|
|
|
$ 51,100
|
|
|
64,600
|
|
|
|
|
|
|
| Maximum exposure to loss, term |
|
|
|
|
|
|
|
|
|
1 year 8 months 12 days
|
1 year 8 months 12 days
|
4 years 6 months
|
|
|
|
|
|
|
|
| Commercial Mortgage and Subordinated Portfolio Segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total carrying value, net |
|
|
206,800
|
|
|
|
|
|
|
$ 206,800
|
|
|
97,800
|
|
|
|
|
|
|
| Specific CECL Allowance, net |
|
|
|
|
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other income |
|
|
|
|
|
|
$ 3,700
|
|
|
|
|
$ 3,700
|
|
|
|
|
|
|
|
| Urban Retail |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total carrying value, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 422,700
|
£ 309.2
|
| Urban Retail | Commercial Mortgage and Subordinated Portfolio Segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total carrying value, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 338,400
|
£ 247.5
|
| Mixed Use Property - London | Commercial Mortgage and Subordinated Portfolio Segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Off-balance-sheet, credit loss, liability, transfers |
|
|
327,700
|
£ 293.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Office - London, United Kingdom | Commercial Mortgage and Subordinated Portfolio Segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortized cost of loans in cost recovery |
|
|
$ 102,600
|
|
|
|
|
|
|
$ 102,600
|
|
|
|
£ 91.9
|
|
|
|
|
|
| Financing receivable, default interest rate |
|
|
2.00%
|
|
|
|
|
|
|
2.00%
|
|
|
|
2.00%
|
|
|
|
|
|
| Allowance for loan and lease losses, loans sold |
|
|
|
|
|
|
|
|
|
$ 22,700
|
£ 20.3
|
|
|
|
|
|
|
|
|
| Past Due 90 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortized cost of loans in cost recovery |
|
|
$ 661,500
|
|
|
|
|
|
|
$ 661,500
|
|
|
757,600
|
|
|
|
|
|
|
| Past Due 30-80 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortized cost of loans in cost recovery |
|
|
|
|
|
|
|
|
|
|
|
|
$ 102,600
|
|
|
|
|
|
|
| Floating Rate Loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage loans on real estate, commercial and consumer, percentage of portfolio |
|
|
|
|
|
98.00%
|
|
|
|
98.00%
|
98.00%
|
|
|
|
|
|
|
|
|
| Senior Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total carrying value, net |
|
|
354,000
|
|
|
|
|
|
|
$ 354,000
|
|
|
|
|
|
|
|
|
|
| Senior Loans | Residential-For-Sale Property - Manhattan, NY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total carrying value, net |
|
|
825,000
|
|
|
|
|
|
|
825,000
|
|
|
|
|
|
|
|
|
|
| Mezzanine Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortized cost of loans in cost recovery |
|
|
51,980
|
|
|
|
|
|
|
51,980
|
|
|
|
|
|
|
|
|
|
| Payment in kind interest |
|
|
|
|
|
|
|
|
|
82,500
|
|
|
|
|
|
|
|
|
|
| Mezzanine Loans | Subordinate Mortgage Portfolio Segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Specific CECL Allowance, net |
|
|
|
|
|
|
|
|
$ 10,000
|
|
|
|
|
|
|
|
|
|
|
| Senior Mezzanine Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total carrying value, net |
|
|
$ 187,100
|
|
|
|
|
|
|
$ 187,100
|
|
|
|
|
|
|
|
|
|
| Senior Mezzanine Loans | London Interbank Offered Rate (LIBOR) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing receivable, basis spread on variable rate |
|
|
15.70%
|
|
|
|
|
|
|
15.70%
|
|
|
|
15.70%
|
|
|
|
|
|
| Senior Mezzanine Loans | Secured Overnight Financing Rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing receivable, basis spread on variable rate |
|
|
9.00%
|
|
|
|
|
|
|
9.00%
|
|
|
|
9.00%
|
|
|
|
|
|
| Junior Mezzanine A Loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total carrying value, net |
|
|
$ 231,900
|
|
|
|
|
|
|
$ 231,900
|
|
|
|
|
|
|
|
|
|
| Junior Mezzanine A Loan | London Interbank Offered Rate (LIBOR) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing receivable, basis spread on variable rate |
|
|
22.50%
|
|
|
|
|
|
|
22.50%
|
|
|
|
22.50%
|
|
|
|
|
|
| Junior Mezzanine A Loan | Secured Overnight Financing Rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing receivable, basis spread on variable rate |
|
|
15.00%
|
|
|
|
|
|
|
15.00%
|
|
|
|
15.00%
|
|
|
|
|
|
| Junior Mezzanine B Loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total carrying value, net |
|
|
$ 52,000
|
|
|
|
|
|
|
$ 52,000
|
|
|
|
|
|
|
|
|
|
| Specific CECL Allowance, net |
|
|
|
|
|
|
|
|
|
$ 30,000
|
|
|
|
|
|
|
|
|
|
| Junior Mezzanine B Loan | London Interbank Offered Rate (LIBOR) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing receivable, basis spread on variable rate |
|
|
17.50%
|
|
|
|
|
|
|
17.50%
|
|
|
|
17.50%
|
|
|
|
|
|
| Junior Mezzanine B Loan | Secured Overnight Financing Rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing receivable, basis spread on variable rate |
|
|
15.00%
|
|
|
|
|
|
|
15.00%
|
|
|
|
15.00%
|
|
|
|
|
|
| Senior and Junior Mezzanine Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage loans on real estate, commercial and consumer, percentage of portfolio |
|
|
|
|
|
|
|
|
|
5.40%
|
5.40%
|
|
|
|
|
|
|
|
|
| Total carrying value, net |
|
|
$ 471,100
|
|
|
|
|
|
|
$ 471,100
|
|
|
|
|
|
|
|
|
|
| Unfunded Loan Commitment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total carrying value, net |
|
|
97,800
|
|
|
|
|
|
|
97,800
|
|
|
|
|
|
|
|
|
|
| Off-balance sheet, credit loss, liability |
|
|
$ 17,600
|
|
|
|
|
|
|
$ 17,600
|
|
|
|
|
|
|
|
|
|
|
|