Annual report pursuant to Section 13 and 15(d)

Variable Interest Entities and Securitizations (Tables)

v3.22.4
Variable Interest Entities and Securitizations (Tables)
12 Months Ended
Dec. 31, 2022
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 Consolidated Statements of Financial Condition, and excludes intercompany balances, except for retained bonds and beneficial interests (in thousands):
December 31, 2022 December 31, 2021
ASSETS
Restricted cash $ 173,714  $ 311,652 
Loans held for investment, subject to nonrecourse debt, at fair value 7,340,528  6,099,607 
Other assets, net 75,977  67,593 
TOTAL ASSETS $ 7,590,219  $ 6,478,852 
LIABILITIES
Nonrecourse debt, at fair value $ 7,479,918  $ 6,088,298 
Payables and other liabilities 757  428 
TOTAL VIE LIABILITIES 7,480,675  6,088,726 
Retained bonds and beneficial interests eliminated in consolidation (304,061) (231,229)
TOTAL CONSOLIDATED LIABILITIES $ 7,176,614  $ 5,857,497