v3.25.2
Loans Held for Investment and the Allowance for Credit Losses - Schedule of Activity in Allowance for Credit Losses for Loans Held for Investment Portfolio by Class of Financing Receivable (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Allowance for credit losses for loans held for investment:          
Beginning balance, allowance for credit loss [1]     $ 61,558    
Allowance for credit losses, net (Reversal of credit losses, net)     5,202 $ (181)  
Ending balance, allowance for credit loss [1] $ 66,957   66,957    
Allowance for credit losses on unfunded loan commitments:          
Beginning balance, allowance for credit loss     2,415    
Ending balance, allowance for credit loss 1,819   1,819    
Total allowance for credit losses 68,776 $ 69,590 68,776 69,590 $ 63,973
Allowance for credit losses excluded on exit fees receivable (600)   (600)   $ (200)
Senior loans          
Allowance for credit losses for loans held for investment:          
Beginning balance, allowance for credit loss 64,721 71,258 61,558 67,092  
Allowance for credit losses, net (Reversal of credit losses, net) 2,236 (4,410) 5,399 (244)  
Ending balance, allowance for credit loss 66,957 66,848 66,957 66,848  
Unfunded loan commitments          
Allowance for credit losses on unfunded loan commitments:          
Beginning balance, allowance for credit loss 2,494 2,869 2,415 2,679  
Allowance for (reversal of) credit losses, net (675) (127) (596) 63  
Ending balance, allowance for credit loss $ 1,819 $ 2,742 $ 1,819 $ 2,742  
[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.