Other Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Deferred Costs, Capitalized, Prepaid, Other Assets and Other Liabilities Disclosure [Abstract]

Summary of Components of Other Assets

The following table details the components of our other assets ($ in thousands):

	March 31, 2024		December 31, 2023
Accrued interest receivable	$	206,227	$	214,835
Loan portfolio payments held by servicer(1)	114,247		152,423
Derivative assets	25,922		1,890
Accounts receivable and other assets	6,079		2,420
Prepaid expenses	1,257		1,020
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.

Summary of Components of Other Liabilities

The following table details the components of our other liabilities ($ in thousands):

	March 31, 2024		December 31, 2023
Accrued dividends payable	$	107,678	$	107,390
Accrued interest payable	86,643		97,820
Secured debt repayments pending servicer remittance(1)	24,240		13,526
Accrued management and incentive fees payable	18,927		26,342
Current expected credit loss reserves for unfunded loan commitments(2)	12,644		15,371
Accounts payable and other liabilities	6,839		7,265
Derivative liabilities	990		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.