v3.26.1
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, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Allowance for credit losses for loans held for investment:          
Beginning balance, allowance for credit loss [1]     $ 74,503    
Reversal of credit losses, net     3,277 $ 5,202  
Ending balance, allowance for credit loss [1] $ 77,750   77,750    
Allowance for credit losses on unfunded loan commitments:          
Beginning balance, allowance for credit loss     2,920    
Ending balance, allowance for credit loss 2,930   2,930    
Total allowance for credit losses 80,680 $ 68,776 80,680 68,776 $ 77,423
Allowance for credit losses excluded 700 600 700 600 $ 600
Senior loans          
Allowance for credit losses for loans held for investment:          
Beginning balance, allowance for credit loss 74,033 64,721 74,503 61,558  
Reversal of credit losses, net 3,717 2,236 3,247 5,399  
Ending balance, allowance for credit loss 77,750 66,957 77,750 66,957  
Unfunded loan commitments          
Allowance for credit losses on unfunded loan commitments:          
Beginning balance, allowance for credit loss 3,103 2,494 2,920 2,415  
Allowance for credit losses, net (173) (675) 10 (596)  
Ending balance, allowance for credit loss $ 2,930 $ 1,819 $ 2,930 $ 1,819  
[1] The Company’s consolidated Total Assets and Total Liabilities as of June 30, 2026 include assets and liabilities of variable interest entities (“VIEs”) of $2.3 billion and $1.9 billion, respectively. The Company’s consolidated Total Assets and Total Liabilities as of December 31, 2025 include assets and liabilities of VIEs of $3.1 billion and $2.6 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.