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Loans Held for Investment and the Allowance for Credit Losses - Schedule of Activity in Allowance for Credit Losses for Loans Held for Investment (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Allowance for credit losses:      
Loans held for investment [1] $ 66,957 $ 61,558  
Unfunded loan commitments 1,819 2,415  
Total allowance for credit losses 68,776 63,973 $ 69,590
Total unpaid principal balance 3,783,609 3,284,510  
Allowance for credit losses excluded 600 200  
General reserve      
Allowance for credit losses:      
Loans held for investment 66,957 61,558  
Unfunded loan commitments 1,819 2,415  
Total allowance for credit losses 68,776 63,973  
Total unpaid principal balance 3,783,609 3,284,510  
Specific reserve      
Allowance for credit losses:      
Loans held for investment 0 0  
Unfunded loan commitments 0 0  
Total allowance for credit losses 0 0  
Total unpaid principal balance $ 0 $ 0  
[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.