XML 17 R63.htm IDEA: XBRL DOCUMENT v3.20.1
LOANS - Commercial Real Estate Held for Investment (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Principal payments $ (134,622)    
Realized gain (136,583)    
Beginning allowance (20,100)    
Ending allowance (137,900) $ (20,100)  
Commercial Mortgage      
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Beginning balance 1,606,091 1,296,803  
Originations & advances 174,409 593,913  
Principal payments (91,958) (316,663)  
Principal write off (7,000)    
Transfers (43,100) 40,058  
Net (increase) decrease in origination fees (892) (4,384)  
Realized gain 204    
Amortization & accretion of (premium) discounts 1,445 5,571  
Net (increase) decrease in allowance   9,207  
Beginning allowance (12,703)    
Current period allowance (75,299)    
Write offs (7,000)    
Ending allowance (88,768) (12,703)  
Ending balance 1,563,134 1,606,091 $ 1,296,803
Mezzanine loans | Commercial Mortgage      
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Beginning balance 170,023 315,601  
Originations & advances 11,628 21,709  
Principal payments 0 (149,633)  
Principal write off (7,000)    
Transfers 0 (8,675)  
Net (increase) decrease in origination fees (80) (184)  
Realized gain 0    
Amortization & accretion of (premium) discounts 46 412  
Net (increase) decrease in allowance   9,207  
Beginning allowance (12,703)    
Current period allowance (49,825)    
Write offs (7,000)    
Ending allowance (56,864) (12,703)  
Ending balance 130,456 170,023 315,601
Impact of adopting CECL | Commercial Mortgage      
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Beginning allowance (7,766)    
Ending allowance   (7,766)  
Impact of adopting CECL | Mezzanine loans | Commercial Mortgage      
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Beginning allowance (1,336)    
Ending allowance   (1,336)  
CECL provision, adjusted balance | Commercial Mortgage      
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Beginning balance 1,618,794    
Ending balance   1,618,794  
CECL provision, adjusted balance | Mezzanine loans | Commercial Mortgage      
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Beginning balance 182,726    
Ending balance   182,726  
Senior Mortgages | Commercial Mortgage      
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Beginning balance 499,690 981,202  
Originations & advances 162,781 572,204  
Principal payments (38,425) (16,785)  
Principal write off 0    
Transfers (95,730) (1,034,754)  
Net (increase) decrease in origination fees (812) (4,200)  
Realized gain 204    
Amortization & accretion of (premium) discounts 797 2,023  
Net (increase) decrease in allowance   0  
Beginning allowance 0    
Current period allowance (6,854)    
Write offs 0    
Ending allowance (9,118) 0  
Ending balance 519,387 499,690 981,202
Senior Mortgages | Impact of adopting CECL | Commercial Mortgage      
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Beginning allowance (2,264)    
Ending allowance   (2,264)  
Senior Mortgages | CECL provision, adjusted balance | Commercial Mortgage      
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Beginning balance 499,690    
Ending balance   499,690  
Senior Securitized Mortgages | Commercial Mortgage      
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Beginning balance 936,378 0  
Originations & advances 0   0
Principal payments (53,533)   (150,245)
Principal write off 0    
Transfers 52,630 1,083,487  
Net (increase) decrease in origination fees 0   0
Realized gain 0    
Amortization & accretion of (premium) discounts 602   3,136
Net (increase) decrease in allowance   0  
Beginning allowance 0    
Current period allowance (18,620)    
Write offs 0    
Ending allowance (22,786) 0  
Ending balance 913,291 936,378 $ 0
Senior Securitized Mortgages | Impact of adopting CECL | Commercial Mortgage      
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Beginning allowance (4,166)    
Ending allowance   (4,166)  
Senior Securitized Mortgages | CECL provision, adjusted balance | Commercial Mortgage      
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Beginning balance $ 936,378    
Ending balance   $ 936,378