XML 139 R120.htm IDEA: XBRL DOCUMENT v3.20.4
Schedule IV - Mortgage Loans on Real Estate Mortgage Loans on Real Estate (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Oct. 17, 2018
Dec. 31, 2017
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Interest Rates 6.74% 6.88%            
Prior Liens       $ 853,175        
Face amount of Mortgages       2,395,682        
Carrying Amount of Mortgages $ 3,358,861 $ 3,482,929 $ 3,508,642 2,343,070 $ 3,358,861 $ 3,482,929   $ 3,508,642
Principal Amount of Mortgages Subject to Delinquent Principal or Interest       196,784        
Total carrying amount of mortgages       2,384,577        
Provision for loan losses       (41,507) (20,500) (17,900)   (4,000)
Principal balance of loans on non-accrual status       175,022 86,025      
Aggregate cost for U.S. federal tax income purposes       2,300,000        
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]                
Mortgage loans receivable, beginning balance 3,358,861 3,482,929 3,508,642          
Allowance for loan losses, beginning balance (20,500) (17,900) (4,000)          
Origination of mortgage loan receivables 566,506 2,398,227 2,775,992          
Purchases of mortgage loan receivables   9,934 0          
Repayment of mortgage loan receivables (961,236) (1,532,346) (1,532,308)          
Proceeds from sales of mortgage loan receivables (582,764) (1,024,357) (1,291,828)          
Non-cash disposition of loan via foreclosure (31,249) (45,529)            
Sale of loans, net (1,571) 54,758 16,511          
Transfer between held for investment and held for sale   0 0          
Accretion/amortization of discount, premium and other fees 15,530 17,845 19,820          
Release of asset-specific loan loss provision via foreclosure (2,500)              
Provision expense for current expected credit loss (4,964)              
Provision expense for current expected credit loss (impact to earnings) (18,543) (2,600) (13,900)          
Mortgage loans receivable, ending balance 2,343,070 3,358,861 3,482,929          
Allowance for loan losses, ending balance $ (41,507) $ (20,500) (17,900)          
Mortgage loans held by consolidated subsidiaries                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Interest Rates 6.65% 6.94%            
Carrying Amount of Mortgages $ 3,257,036 $ 3,318,390 3,318,390 2,354,059 3,257,036 3,318,390   3,282,462
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]                
Mortgage loans receivable, beginning balance 3,257,036 3,318,390 3,282,462          
Origination of mortgage loan receivables 353,661 1,452,049 1,478,771          
Purchases of mortgage loan receivables   0 0          
Repayment of mortgage loan receivables (960,832) (1,531,551) (1,518,066)          
Proceeds from sales of mortgage loan receivables (270,491) 0 0          
Non-cash disposition of loan via foreclosure (31,249) (45,529)            
Sale of loans, net (9,596) 0 0          
Transfer between held for investment and held for sale   45,832 55,403          
Accretion/amortization of discount, premium and other fees 15,530 17,845 19,820          
Mortgage loans receivable, ending balance 2,354,059 3,257,036 3,318,390          
Total mortgage loan receivables held for investment, net, at amortized cost                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Carrying Amount of Mortgages 122,325 182,439 182,439   122,325 182,439   $ 230,180
Principal balance of loans on non-accrual status       45,000     $ 45,000  
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]                
Mortgage loans receivable, beginning balance 122,325 182,439 230,180          
Allowance for loan losses, beginning balance (20,500) (17,900)            
Origination of mortgage loan receivables     1,297,221          
Purchases of mortgage loan receivables     0          
Repayment of mortgage loan receivables     (14,242)          
Proceeds from sales of mortgage loan receivables     (1,291,828)          
Sale of loans, net     16,511          
Transfer between held for investment and held for sale     (55,403)          
Accretion/amortization of discount, premium and other fees     0          
Release of asset-specific loan loss provision via foreclosure (2,500)              
Provision expense for current expected credit loss (4,964)              
Provision expense for current expected credit loss (impact to earnings) (18,543) (2,600)            
Mortgage loans receivable, ending balance   122,325 182,439          
Allowance for loan losses, ending balance $ (41,507) $ (20,500) (17,900)          
Mortgage loan  receivables held for sale                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Interest Rates 4.05% 4.20%            
Carrying Amount of Mortgages $ 30,518 $ 182,439 182,439 30,518 $ 122,325 $ 182,439    
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]                
Mortgage loans receivable, beginning balance 122,325 182,439            
Origination of mortgage loan receivables 212,845 946,178            
Repayment of mortgage loan receivables (404) (795)            
Proceeds from sales of mortgage loan receivables (312,273) (1,008,853)            
Non-cash disposition of loan via foreclosure 0 0            
Sale of loans, net 8,025 54,758            
Transfer between held for investment and held for sale   (61,336)            
Accretion/amortization of discount, premium and other fees 0 0            
Mortgage loans receivable, ending balance 30,518 $ 122,325 $ 182,439          
First mortgage loan                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Prior Liens       0        
Face amount of Mortgages       2,274,117        
Carrying Amount of Mortgages 2,263,267     2,263,267        
Principal Amount of Mortgages Subject to Delinquent Principal or Interest       190,934        
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]                
Mortgage loans receivable, ending balance 2,263,267              
Second Mortgage                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Prior Liens       853,175        
Face amount of Mortgages       121,565        
Carrying Amount of Mortgages 121,310     121,310        
Principal Amount of Mortgages Subject to Delinquent Principal or Interest       5,850        
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]                
Mortgage loans receivable, ending balance 121,310              
Office | First Mortgages individually greater than 3%                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Prior Liens       0        
Face amount of Mortgages       166,339        
Carrying Amount of Mortgages 165,965     165,965        
Principal Amount of Mortgages Subject to Delinquent Principal or Interest       0        
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]                
Mortgage loans receivable, ending balance $ 165,965              
Office | Minimum | First Mortgages individually greater than 3%                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Interest Rates 5.50%              
Office | Maximum | First Mortgages individually greater than 3%                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Interest Rates 8.25%              
Hotel, Industrial, Land, Mobile Home Park, Mixed Use, Multi-family, Office, Retail, Self Storage and Condominium | First Mortgages individually less than 3%                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Prior Liens       0        
Face amount of Mortgages       2,107,778        
Carrying Amount of Mortgages $ 2,097,302     2,097,302        
Principal Amount of Mortgages Subject to Delinquent Principal or Interest       190,934        
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]                
Mortgage loans receivable, ending balance $ 2,097,302              
Hotel, Industrial, Land, Mobile Home Park, Mixed Use, Multi-family, Office, Retail, Self Storage and Condominium | Minimum | First Mortgages individually greater than 3%                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Interest Rates 3.50%              
Hotel, Industrial, Land, Mobile Home Park, Mixed Use, Multi-family, Office, Retail, Self Storage and Condominium | Maximum | First Mortgages individually greater than 3%                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Interest Rates 11.00%              
Hotel, Industrial, Land, Mobile Home Park, Mixed Use, Multi-family, Office, Other Commercial, Retail | Subordinated Mortgages individually less than 3%                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Prior Liens       853,175        
Face amount of Mortgages       121,565        
Carrying Amount of Mortgages $ 121,310     121,310        
Principal Amount of Mortgages Subject to Delinquent Principal or Interest       $ 5,850        
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]                
Mortgage loans receivable, ending balance $ 121,310              
Hotel, Industrial, Land, Mobile Home Park, Mixed Use, Multi-family, Office, Other Commercial, Retail | Minimum | First Mortgages individually greater than 3%                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Interest Rates 6.04%              
Hotel, Industrial, Land, Mobile Home Park, Mixed Use, Multi-family, Office, Other Commercial, Retail | Maximum | First Mortgages individually greater than 3%                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Interest Rates 12.00%