Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities and Securitizations (Tables)

v3.23.1
Variable Interest Entities and Securitizations (Tables)
3 Months Ended
Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities
The following table presents the assets and liabilities of the Company's consolidated VIEs, which are included in the Condensed Consolidated Statements of Financial Condition, and excludes intercompany balances, except for retained bonds and beneficial interests (in thousands):
March 31, 2023 December 31, 2022
ASSETS
Restricted cash $ 183,210  $ 173,714 
Loans held for investment, subject to nonrecourse debt, at fair value 7,953,455  7,340,528 
Other assets, net 87,369  75,977 
TOTAL ASSETS $ 8,224,034  $ 7,590,219 
LIABILITIES
Nonrecourse debt, at fair value $ 8,006,545  $ 7,479,918 
Payables and other liabilities 742  757 
TOTAL VIE LIABILITIES 8,007,287  7,480,675 
Retained bonds and beneficial interests eliminated in consolidation (374,063) (304,061)
TOTAL CONSOLIDATED LIABILITIES $ 7,633,224  $ 7,176,614