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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
Sep. 30, 2026
Dec. 31, 2025
Sep. 30, 2025
Allowance for credit losses:      
Loans held for investment [1] $ 73,955 $ 74,503  
Unfunded loan commitments 2,188 2,920  
Total allowance for credit losses 76,143 77,423 $ 66,132
Total unpaid principal balance 4,934,450 4,118,050  
Allowance for credit losses excluded 800 600 $ 700
General reserve      
Allowance for credit losses:      
Loans held for investment 73,955 74,503  
Unfunded loan commitments 2,188 2,920  
Total allowance for credit losses 76,143 77,423  
Total unpaid principal balance 4,934,450 4,118,050  
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 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.