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Loans Portfolio - Schedule of Loans and Financing Receivable (Details)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2021
USD ($)
Investment
Loan
Dec. 31, 2020
USD ($)
Investment
Loan
Sep. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
Financing Receivable Recorded Investment Past Due [Line Items]        
Loan Commitment(5) [1] $ 6,970,592 $ 7,349,651    
Principal Outstanding 6,009,765 6,152,331    
Loans receivable held-for-investment $ 5,983,559 $ 6,131,825    
Number of Loans | Loan 97 98    
Weighted Average Interest Rate(4) 6.10% [2] 6.57% [3]    
Less: allowance for loan losses $ (59,213) $ (6,000)    
Loans receivable held-for-investment, net 5,924,346 6,125,825 [4] $ 6,180,166 $ 5,940,268
Variable Senior Loans        
Financing Receivable Recorded Investment Past Due [Line Items]        
Loan Commitment(5) [1],[6] 6,452,082 [5] 6,395,473 [7]    
Principal Outstanding [6] 5,515,249 [5] 5,272,201 [7]    
Loans receivable held-for-investment [6] $ 5,487,984 [5] $ 5,252,577 [4],[7]    
Variable Senior Loans | London Interbank Offered Rate (LIBOR)        
Financing Receivable Recorded Investment Past Due [Line Items]        
Number of Investments | Investment [6] 48 [5] 46 [7]    
Number of Loans | Loan [6] 84 [5] 80 [7]    
Weighted Average Stated Rate(2) [6] L + 4.29% [5],[8] L + 4.35% [7],[9]    
Weighted Average Interest Rate(4) [6] 5.68% [2],[5] 5.93% [3],[7]    
Variable Subordinate Loans        
Financing Receivable Recorded Investment Past Due [Line Items]        
Loan Commitment(5) [1] $ 436,544 $ 852,982    
Principal Outstanding 413,967 782,646    
Loans receivable held-for-investment $ 415,056 $ 782,167 [4]    
Variable Subordinate Loans | London Interbank Offered Rate (LIBOR)        
Financing Receivable Recorded Investment Past Due [Line Items]        
Number of Investments | Investment 4 8    
Number of Loans | Loan 6 11    
Weighted Average Stated Rate(2) L + 8.95% [8] L + 8.72% [9]    
Weighted Average Interest Rate(4) 10.71% [2] 10.20% [3]    
Variable Loan        
Financing Receivable Recorded Investment Past Due [Line Items]        
Loan Commitment(5) [1] $ 6,888,626 $ 7,248,455    
Principal Outstanding 5,929,216 6,054,847    
Loans receivable held-for-investment $ 5,903,040 $ 6,034,744 [4]    
Variable Loan | London Interbank Offered Rate (LIBOR)        
Financing Receivable Recorded Investment Past Due [Line Items]        
Weighted Average Stated Rate(2) L + 4.62% [8] L + 4.91% [9]    
Weighted Average Interest Rate(4) 6.03% [2] 6.48% [3]    
Fixed Senior Loans        
Financing Receivable Recorded Investment Past Due [Line Items]        
Loan Commitment(5) [1],[6] $ 58,939 [5] $ 75,669 [7]    
Principal Outstanding [6] 58,939 [5] 75,669 [7]    
Loans receivable held-for-investment [6] $ 59,073 [5] $ 69,523 [4],[7]    
Number of Investments | Investment [6] 2 [5] 2 [7]    
Number of Loans | Loan [6] 3 [5] 3 [7]    
Weighted Average Interest Rate(4) [6] 11.27% [2],[5] 12.59% [3],[7]    
Fixed Subordinate Loans        
Financing Receivable Recorded Investment Past Due [Line Items]        
Loan Commitment(5) [1] $ 23,027 $ 25,527    
Principal Outstanding 21,610 21,815    
Loans receivable held-for-investment $ 21,446 $ 21,558 [4]    
Number of Investments | Investment 2 2    
Number of Loans | Loan 2 2    
Weighted Average Interest Rate(4) 11.55% [2] 11.00% [3]    
Fixed Loan        
Financing Receivable Recorded Investment Past Due [Line Items]        
Loan Commitment(5) [1] $ 81,966 $ 101,196    
Principal Outstanding 80,549 97,484    
Loans receivable held-for-investment $ 80,519 $ 91,081 [4]    
Weighted Average Interest Rate(4) 11.35% [2] 12.24% [3]    
[1] Loan commitment represents initial loan commitments, as adjusted by commitment reductions, less loan repayments and transfers which qualified for sale accounting under GAAP
[2]

Reflects the weighted average interest rate based on the applicable floating benchmark rate (if applicable), including LIBOR floors (if applicable). Weighted average is based on outstanding principal as of September 30, 2021.

[3]

Reflects the weighted average interest rate based on the applicable floating benchmark rate (if applicable), including LIBOR floors (if applicable). Weighted average is based on outstanding principal as of December 31, 2020.

[4] Carrying value is presented net of loan loss reserves of $6.0 million.
[5]

Includes a fixed rate loan with an outstanding principal balance of $27.2 million and a loan commitment of $39.7 million at September 30, 2021, which shares the same collateral as floating rate loans with an outstanding principal balance of $143.7 million and a loan commitment of $146.8 million at September 30, 2021.

[6]

Senior loans include senior mortgages and similar credit quality loans, including related contiguous subordinate loans, and pari passu participations in senior mortgage loans.

[7]

Includes a fixed rate loan with an outstanding principal balance of $6.4  million and a loan commitment of $39.7 million as of December 31, 2020, which shares the same collateral as floating rate loans with an outstanding principal balance of $138.3 million and a loan commitment of $146.8 million at December 31, 2020.

[8]

One-month LIBOR as of September 30, 2021 was 0.08%. Weighted average is based on outstanding principal as of September 30, 2021.

[9]

One-month LIBOR as of December 31, 2020 was 0.14%. Weighted average is based on outstanding principal as of December 31, 2020.