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Repurchase Agreements and Credit Facilities - Schedule of Outstanding Repurchase Agreements (Details) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Repurchase Agreements And Credit Facility [Line Items]    
Accrued Interest Payable $ 2,412,000 $ 1,792,000
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 $ 100,000,000
Weighted Average Days to Maturity 404 days 678 days
JPM Repo Facility | Commercial Mortgage Loans    
Repurchase Agreements And Credit Facility [Line Items]    
Committed Financing $ 526,076,000 $ 526,076,000
Amount Outstanding [1] 418,765,000 457,438,000
Accrued Interest Payable $ 1,123,000 $ 1,385,000
Weighted Average Interest Rate 7.43% 7.78%
Weighted Average Days to Maturity 1314 days 1588 days
JPM Repo Facility | Commercial Mortgage Loans | Collateral Pledged    
Repurchase Agreements And Credit Facility [Line Items]    
Collateral Pledged $ 574,392,000 $ 644,201,000
Repo Facility | Commercial Mortgage Loans    
Repurchase Agreements And Credit Facility [Line Items]    
Committed Financing 626,076,000 626,076,000
Amount Outstanding [1] 418,765,000 457,438,000
Accrued Interest Payable $ 1,123,000 $ 1,385,000
Weighted Average Interest Rate 7.43% 7.78%
Weighted Average Days to Maturity 1314 days 1588 days
Repo Facility | Commercial Mortgage Loans | Collateral Pledged    
Repurchase Agreements And Credit Facility [Line Items]    
Collateral Pledged $ 574,392,000 $ 644,201,000
Western Alliance Credit Facility    
Repurchase Agreements And Credit Facility [Line Items]    
Amount Outstanding 0  
Western Alliance Credit Facility | Commercial Mortgage Loans    
Repurchase Agreements And Credit Facility [Line Items]    
Committed Financing $ 40,000,000 40,000,000
Amount Outstanding [1]   9,498,000
Accrued Interest Payable   $ 42,000
Weighted Average Interest Rate [2]   9.34%
Weighted Average Days to Maturity 161 days 435 days
Western Alliance Credit Facility | Commercial Mortgage Loans | Collateral Pledged    
Repurchase Agreements And Credit Facility [Line Items]    
Collateral Pledged   $ 13,647,000
Facilities | Commercial Mortgage Loans    
Repurchase Agreements And Credit Facility [Line Items]    
Committed Financing $ 666,076,000 666,076,000
Amount Outstanding [1] 418,765,000 466,936,000
Accrued Interest Payable $ 1,123,000 $ 1,427,000
Weighted Average Interest Rate 7.43% 7.81%
Weighted Average Days to Maturity 1314 days 1565 days
Facilities | Commercial Mortgage Loans | Collateral Pledged    
Repurchase Agreements And Credit Facility [Line Items]    
Collateral Pledged $ 574,392,000 $ 657,848,000
[1] Excluding $0 of unamortized debt issuance costs as of September 30, 2024 and December 31, 2023.
[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.