v3.22.2.2
Secured Debt Arrangements, Net - Schedule of Assets and Liabilities (Details) - USD ($)
$ in Thousands
Sep. 30, 2022
Aug. 03, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Assets:                  
Cash and cash equivalents $ 319,264       $ 343,106        
Carrying value, net 8,731,306 $ 226,500     7,857,260        
Other assets 71,066       47,753        
Total Assets 9,824,019       8,416,695        
Liabilities:                  
Total Liabilities 7,416,334       6,122,069        
Allowance reserve 21,985       33,588        
Off-balance sheet, credit loss, liability 2,812   $ 3,999 $ 3,928 3,106 $ 2,193 $ 2,444 $ 3,794 $ 3,365
Commercial Mortgage Portfolio Segment                  
Assets:                  
Carrying value, net [1],[2] 8,013,469       7,012,312        
Liabilities:                  
Allowance reserve 18,554       22,554        
VIE                  
Assets:                  
Cash and cash equivalents 7,375       3,456        
Carrying value, net 2,297,686       2,559,266        
Other assets 20,590       20,765        
Total Assets 2,325,651       2,583,487        
Liabilities:                  
Secured debt arrangements, net (net of deferred financing costs of $2.7 million and $2.0 million in 2022 and 2021, respectively) 1,712,454       1,900,640        
Accounts payable, accrued expenses and other liabilities 5,379       2,671        
Total Liabilities 1,717,833       1,903,311        
Deferred financing costs 2,700       2,000        
VIE | Commercial Mortgage Portfolio Segment                  
Liabilities:                  
Allowance reserve 6,200       11,800        
Off-balance sheet, credit loss, liability $ 1,300       $ 400        
[1] Includes $7,491,513 and $5,957,707 pledged as collateral under secured debt arrangements in 2022 and 2021, respectively.
[2] Net of $140,985 and $178,588 CECL Allowances in 2022 and 2021, respectively, comprised of $119,000 and $145,000 Specific CECL Allowance and $21,985 and $33,588 General CECL Allowance, respectively.