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Repurchase Agreements and Credit Facilities - Schedule of Outstanding Repurchase Agreements (Details) - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Repurchase Agreements And Credit Facility [Line Items]    
Accrued Interest Payable $ 1,792,000 $ 1,499,000
Atlas Repo Facility    
Repurchase Agreements And Credit Facility [Line Items]    
Amount Outstanding 0  
Atlas Repo Facility | Commercial Mortgage Loans    
Repurchase Agreements And Credit Facility [Line Items]    
Committed Financing 100,000,000 375,000,000
Amount Outstanding [1]   356,097,000
Accrued Interest Payable   $ 882,000
Weighted Average Interest Rate   6.89%
Weighted Average Days to Maturity   679 days
Atlas Repo Facility | Commercial Mortgage Loans | Collateral Pledged    
Repurchase Agreements And Credit Facility [Line Items]    
Collateral Pledged   $ 494,962,000
JPM Repo Facility | Commercial Mortgage Loans    
Repurchase Agreements And Credit Facility [Line Items]    
Committed Financing 526,076,000 150,000,000
Amount Outstanding [1] 457,438,000 131,992,000
Accrued Interest Payable $ 1,385,000 $ 305,000
Weighted Average Interest Rate 7.78% 6.40%
Weighted Average Days to Maturity 1588 days 492 days
JPM Repo Facility | Commercial Mortgage Loans | Collateral Pledged    
Repurchase Agreements And Credit Facility [Line Items]    
Collateral Pledged $ 644,201,000 $ 181,972,000
Repo Facility | Commercial Mortgage Loans    
Repurchase Agreements And Credit Facility [Line Items]    
Committed Financing 626,076,000 525,000,000
Amount Outstanding [1] 457,438,000 488,089,000
Accrued Interest Payable $ 1,385,000 $ 1,187,000
Weighted Average Interest Rate 7.78% 6.76%
Weighted Average Days to Maturity 1588 days 628 days
Repo Facility | Commercial Mortgage Loans | Collateral Pledged    
Repurchase Agreements And Credit Facility [Line Items]    
Collateral Pledged $ 644,201,000 $ 676,934,000
Western Alliance Credit Facility | Commercial Mortgage Loans    
Repurchase Agreements And Credit Facility [Line Items]    
Committed Financing 40,000,000 75,000,000
Amount Outstanding [1] 9,498,000 18,380,000
Accrued Interest Payable $ 42,000 $ 16,000
Weighted Average Interest Rate 9.34% [2] 7.64%
Weighted Average Days to Maturity 435 days 435 days
Western Alliance Credit Facility | Commercial Mortgage Loans | Collateral Pledged    
Repurchase Agreements And Credit Facility [Line Items]    
Collateral Pledged $ 13,647,000 $ 29,797,000
Facilities | Commercial Mortgage Loans    
Repurchase Agreements And Credit Facility [Line Items]    
Committed Financing 666,076,000 600,000,000
Amount Outstanding [1] 466,936,000 506,469,000
Accrued Interest Payable $ 1,427,000 $ 1,203,000
Weighted Average Interest Rate 7.81% 6.79%
Weighted Average Days to Maturity 1565 days 621 days
Facilities | Commercial Mortgage Loans | Collateral Pledged    
Repurchase Agreements And Credit Facility [Line Items]    
Collateral Pledged $ 657,848,000 $ 706,731,000
[1] Excluding $0 and $3 of unamortized debt issuance costs as of December 31, 2023 and 2022, respectively.
[2] Includes 0.50% additional interest rate during the third and fourth quarters of 2023 as the minimum deposit balance was not met by the Company as of June 30, 2023.