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Other Assets and Liabilities
 3 Months Ended
Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, Other Assets and Other Liabilities Disclosure [Abstract]  
Other Assets and Liabilities OTHER ASSETS AND LIABILITIES
Other Assets
The following table details the components of our other assets ($ in thousands):
 March 31, 2024December 31, 2023
Accrued interest receivable$206,227 $214,835 
Loan portfolio payments held by servicer(1)
114,247152,423
Derivative assets25,9221,890 
Accounts receivable and other assets6,0792,420 
Prepaid expenses1,2571,020 
Collateral deposited under derivative agreements—103,500 
Total$353,732 $476,088 
(1)Primarily represents loan principal held by our third-party loan servicer as of the balance sheet date which were remitted to us during the subsequent remittance cycle.
Other Liabilities
The following table details the components of our other liabilities ($ in thousands):
 March 31, 2024December 31, 2023
Accrued dividends payable$107,678 $107,390 
Accrued interest payable86,643 97,820 
Secured debt repayments pending servicer remittance(1)
24,240 13,526 
Accrued management and incentive fees payable18,927 26,342 
Current expected credit loss reserves for unfunded loan commitments(2)
12,644 15,371 
Accounts payable and other liabilities6,839 7,265 
Derivative liabilities990 94,817 
Total$257,961 $362,531 
(1)Represents pending transfers from our third-party loan servicer that were remitted to our banking counterparties during the subsequent remittance cycle.
(2)Represents the CECL reserve related to our unfunded loan commitments. See Note 2 for further discussion of the CECL reserves.
Current Expected Credit Loss Reserves for Unfunded Loan Commitments
As of March 31, 2024, we had aggregate unfunded commitments of $2.1 billion related to 90 loans receivable. The expected credit losses over the contractual period of our loans is impacted by our obligation to extend further credit through our unfunded loan commitments. See Note 2 for further discussion of the CECL reserves related to our unfunded loan commitments, and Note 21 for further discussion of our unfunded loan commitments. During the three months ended March 31, 2024, we recorded a decrease in the CECL reserves related to our unfunded loan commitments of $2.7 million, bringing our total unfunded loan commitments CECL reserve to $12.6 million as of March 31, 2024. During the three months ended March 31, 2023, we recorded a decrease in the CECL reserves related to our unfunded loan commitments of $631,000, bringing our total unfunded loan commitments CECL reserve to $15.7 million as of March 31, 2023.