v3.25.2
Loans Held for Investment and the Allowance for Credit Losses - Schedule of Loans Held for Investment Portfolio Activity (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Financing Receivable, Excluding Accrued Interest, Before Allowance For Credit Loss [Roll Forward]        
Beginning balance [1]     $ 3,278,588  
Ending balance [1] $ 3,774,686   3,774,686  
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]        
Beginning balance [1]     (61,558)  
Allowance for credit losses     (5,202) $ 181
Ending balance [1] (66,957)   (66,957)  
Financing Receivable, Excluding Accrued Interest, After Allowance For Credit Loss [Abstract]        
Beginning balance [1]     3,217,030  
Allowance for credit losses     (5,202) 181
Ending balance [1] 3,707,729   3,707,729  
Senior loans        
Financing Receivable, Excluding Accrued Interest, Before Allowance For Credit Loss [Roll Forward]        
Beginning balance     3,278,588  
Loans originated and acquired     665,743  
Additional fundings     22,056  
Accrued PIK interest     332  
Amortization of origination fees and discounts     1,735  
Collection of principal     (193,768)  
Ending balance 3,774,686   3,774,686  
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]        
Beginning balance (64,721) $ (71,258) (61,558) (67,092)
Allowance for credit losses (2,236) 4,410 (5,399) 244
Ending balance (66,957) (66,848) (66,957) (66,848)
Financing Receivable, Excluding Accrued Interest, After Allowance For Credit Loss [Abstract]        
Beginning balance     3,217,030  
Loans originated and acquired     665,743  
Additional fundings     22,056  
Accrued PIK interest     332  
Amortization of origination fees and discounts     1,735  
Collection of principal     (193,768)  
Allowance for credit losses (2,236) $ 4,410 (5,399) $ 244
Ending balance $ 3,707,729   $ 3,707,729  
[1] The Company’s consolidated Total Assets and Total Liabilities as of June 30, 2025 include assets and liabilities of variable interest entities (“VIEs”) of $2.9 billion and $2.5 billion, respectively. The Company’s consolidated Total Assets and Total Liabilities as of December 31, 2024 include assets and liabilities of VIEs of $2.1 billion and $1.7 billion, respectively. These assets can be used only to satisfy obligations of the VIEs, and creditors of the VIEs have recourse only to these assets, and not to TPG RE Finance Trust, Inc. See Note 5 to the Consolidated Financial Statements for details.