v3.25.2
Investment Portfolio Financing - Additional Information (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 05, 2023
USD ($)
Jun. 30, 2022
USD ($)
Feb. 22, 2022
USD ($)
lender
Jun. 30, 2025
USD ($)
agreement
loan
Mar. 31, 2025
USD ($)
lender
Jun. 30, 2024
Jun. 30, 2025
USD ($)
agreement
loan
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
loan
agreement
Sep. 26, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 06, 2023
Dec. 31, 2022
USD ($)
Nov. 17, 2022
USD ($)
Debt Instrument [Line Items]                            
Term extension                       3 years    
Maximum commitment amount     $ 250,000                   $ 290,000  
Number of lenders provided credit facility | lender     5                      
Basis spread on variable rate     2.00%                      
Unused fee       0.20%   0.20% 0.20% 0.20%            
Unused fee, target utilization percent     50.00%                      
Maximum period permits to finance eligible loans     180 days                      
Initial advance rate     75.00%                      
Outstanding borrowings                 $ 86,600          
Holdco                            
Debt Instrument [Line Items]                            
Recourse guarantee percentage     100.00%                      
Minimum                            
Debt Instrument [Line Items]                            
Unused fee     0.15%                      
Maximum                            
Debt Instrument [Line Items]                            
Unused fee     0.20%                      
Loan Pledged As Collateral                            
Debt Instrument [Line Items]                            
Number of loan investments | loan       4     4   1          
Debt face amount       $ 490,500     $ 490,500   $ 115,500          
After 90 days from initial borrowing                            
Debt Instrument [Line Items]                            
Initial advance rate     65.00%                      
After 135 days from initial borrowing                            
Debt Instrument [Line Items]                            
Initial advance rate     45.00%                      
After 180 days from initial borrowing                            
Debt Instrument [Line Items]                            
Initial advance rate     0.00%                      
Secured Credit Agreements and Secured Credit Facilities                            
Debt Instrument [Line Items]                            
Payments on secured financing         $ 332,600                  
Amortization of deferred financing costs         $ 100                  
Debt face amount       $ 1,700,000     1,700,000   $ 1,700,000          
Secured credit agreements                            
Debt Instrument [Line Items]                            
Payments on secured financing             $ 567,456 $ 292,221            
Number of secured credit agreements | agreement       4     4   4          
Recourse guarantee percentage             25.00%              
Secured credit agreements | Holdco                            
Debt Instrument [Line Items]                            
Recourse guarantee percentage             25.00%   25.00%          
Secured credit agreements | Commercial Mortgage Loans                            
Debt Instrument [Line Items]                            
Number of secured credit facilities | loan       12     12   21          
Secured credit agreements | Company transfers rights to counter party with option to buy back                            
Debt Instrument [Line Items]                            
Number of secured credit agreements | agreement       3     3              
Line of Credit | Secured revolving credit facility | Secured revolving credit facility                            
Debt Instrument [Line Items]                            
Term extension         3 years                  
Maximum commitment amount         $ 375,000                  
Number of lenders provided credit facility | lender         7                  
Deferred financing costs         $ 3,400                  
Outstanding borrowings       $ 367,800     $ 367,800              
Asset-specific financing arrangements                            
Debt Instrument [Line Items]                            
Payments on secured financing             157,390 $ 141,526            
Collateralized loan obligations, net, Asset-specific financings, net, Mortgage loan payable, net [1]       29,097     29,097   $ 185,741          
Asset-specific financing arrangements | HSBC Facility                            
Debt Instrument [Line Items]                            
Maximum commitment amount $ 90,600                          
Borrowing capacity increase                   $ 72,000        
Asset-specific financing arrangements | BMO Facility                            
Debt Instrument [Line Items]                            
Maximum commitment amount   $ 200,000                        
Asset-specific financing arrangements | Customers Bank                            
Debt Instrument [Line Items]                            
Maximum commitment amount                           $ 23,300
Asset-specific financing arrangements | HSBC Facility And Customers Bank                            
Debt Instrument [Line Items]                            
Payments on secured financing             157,400              
Amortization of deferred financing costs             600              
Asset-specific financing arrangements | Holdco                            
Debt Instrument [Line Items]                            
Recourse guarantee percentage   25.00%                        
Asset-specific financing arrangements | Office Property Mortgage Loan | Holdco                            
Debt Instrument [Line Items]                            
Recourse guarantee percentage 20.00%                          
Mortgage loan payable                            
Debt Instrument [Line Items]                            
Debt face amount       $ 31,200     $ 31,200       $ 31,200      
Credit facility term             5 years              
Interest rate, stated percentage       7.70%     7.70%              
Collateralized loan obligations, net, Asset-specific financings, net, Mortgage loan payable, net [1]       $ 30,766     $ 30,766   $ 30,695          
[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.