XML 92 R81.htm IDEA: XBRL DOCUMENT v3.22.2
REPURCHASE FACILITIES, CREDIT FACILITIES AND NOTES PAYABLE - Schedule of Repurchase Facilities (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2022
USD ($)
option
Dec. 31, 2021
USD ($)
Line of Credit Facility [Line Items]    
Weighted Average Interest Rate 3.30%  
Carrying Value of Loans Financed under Repurchase Facility $ 3,911,239 $ 2,624,101
Minimum | One-Month LIBOR    
Line of Credit Facility [Line Items]    
Debt instrument, basis spread on variable rate 1.25%  
Minimum | One-Month Term SOFR    
Line of Credit Facility [Line Items]    
Debt instrument, basis spread on variable rate 1.90%  
Maximum | One-Month LIBOR    
Line of Credit Facility [Line Items]    
Debt instrument, basis spread on variable rate 2.15%  
Maximum | One-Month Term SOFR    
Line of Credit Facility [Line Items]    
Debt instrument, basis spread on variable rate 2.75%  
Deutsche Bank    
Line of Credit Facility [Line Items]    
Number of extension options | option 4  
Extension period 1 year  
J.P. Morgan | Minimum | One-Month Term SOFR    
Line of Credit Facility [Line Items]    
Debt instrument, basis spread on variable rate 1.20%  
J.P. Morgan | Maximum | One-Month Term SOFR    
Line of Credit Facility [Line Items]    
Debt instrument, basis spread on variable rate 1.35%  
Citibank, Barclays And Wells Fargo    
Line of Credit Facility [Line Items]    
Number of extension options | option 2  
Extension period 1 year  
Credit facilities | Affiliated Entity    
Line of Credit Facility [Line Items]    
Maximum Facility Size $ 2,700,000  
Amount Financed 2,150,994  
Credit facilities | Affiliated Entity | Senior Loan    
Line of Credit Facility [Line Items]    
Carrying Value of Loans Financed under Repurchase Facility 2,875,177  
Credit facilities | Citibank | Affiliated Entity    
Line of Credit Facility [Line Items]    
Maximum Facility Size $ 400,000  
Weighted Average Interest Rate 3.00%  
Amount Financed $ 329,153  
Credit facilities | Citibank | Affiliated Entity | Senior Loan    
Line of Credit Facility [Line Items]    
Carrying Value of Loans Financed under Repurchase Facility 456,225  
Credit facilities | Barclays | Affiliated Entity    
Line of Credit Facility [Line Items]    
Maximum Facility Size $ 1,250,000  
Weighted Average Interest Rate 3.10%  
Amount Financed $ 912,598  
Credit facilities | Barclays | Affiliated Entity | Senior Loan    
Line of Credit Facility [Line Items]    
Carrying Value of Loans Financed under Repurchase Facility 1,158,109  
Credit facilities | Wells Fargo | Affiliated Entity    
Line of Credit Facility [Line Items]    
Maximum Facility Size $ 750,000  
Weighted Average Interest Rate 2.90%  
Amount Financed $ 690,810  
Credit facilities | Wells Fargo | Affiliated Entity | Senior Loan    
Line of Credit Facility [Line Items]    
Carrying Value of Loans Financed under Repurchase Facility 881,515  
Credit facilities | Deutsche Bank | Affiliated Entity    
Line of Credit Facility [Line Items]    
Maximum Facility Size $ 300,000  
Weighted Average Interest Rate 3.50%  
Amount Financed $ 143,023  
Credit facilities | Deutsche Bank | Affiliated Entity | Senior Loan    
Line of Credit Facility [Line Items]    
Carrying Value of Loans Financed under Repurchase Facility $ 186,253  
Credit facilities | J.P. Morgan | Affiliated Entity    
Line of Credit Facility [Line Items]    
Weighted Average Interest Rate 2.50%  
Amount Financed $ 75,410  
Credit facilities | J.P. Morgan | Affiliated Entity | Senior Loan    
Line of Credit Facility [Line Items]    
Carrying Value of Loans Financed under Repurchase Facility $ 193,075