v3.26.3
Loans Held for Investment and the Allowance for Credit Losses - Schedule of Loans Held for Investment Portfolio by Loan Seniority (Details) - USD ($)
$ in Thousands
Sep. 30, 2026
Jun. 30, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Outstanding principal $ 4,934,450   $ 4,118,050      
Amortized cost [1] 4,916,375   4,103,022      
Allowance for credit losses [1] (73,955)   (74,503)      
Loans held for investment, net [1] 4,842,420   4,028,519      
Senior loans            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Outstanding principal 4,934,450   4,118,050      
Unamortized premium (discount) and loan origination fees, net (18,075)   (15,028)      
Amortized cost 4,916,375   4,103,022      
Allowance for credit losses (73,955) $ (77,750) (74,503) $ (64,544) $ (66,957) $ (61,558)
Loans held for investment, net $ 4,842,420   $ 4,028,519      
[1] The Company’s consolidated Total Assets and Total Liabilities as of September 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.