Other Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Other Assets And Liabilities Disclosure [Abstract]

Summary of Components of Other Assets

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

	September 30, 2024		December 31, 2023
Accrued interest receivable	$	176,049	$	214,835
Loan portfolio payments held by servicer(1)	131,347		152,423
Collateral deposited under derivative agreements	49,080		103,500
Real estate intangible assets, net	18,602		—
Accounts receivable and other assets	8,157		2,420
Derivative assets	7,026		1,890
Prepaid expenses	646		1,020
Total	$	390,907	$	476,088

(1)Primarily represents loan principal held by our third-party loan servicer as of the balance sheet date that 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):

	September 30, 2024		December 31, 2023
Secured debt repayments pending servicer remittance(1)	$	105,078	$	13,526
Accrued dividends payable	81,306		107,390
Accrued interest payable	74,168		97,820
Derivative liabilities	50,256		94,817
Accrued management and incentive fees payable	18,605		26,342
Current expected credit loss reserves for unfunded loan commitments(2)	8,307		15,371
Accounts payable and other liabilities	8,662		7,265
Total	$	346,382	$	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.