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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets:    
Cash $ 200,996 $ 67,415
Restricted cash 62,457 30,127
Securities, at estimated fair value 331,076 493,149
Securities, held-to-maturity 146,352 153,193
Loans, held for investment 2,693,092  
Investment in unconsolidated joint venture 22,103 22,583
Derivative assets 5,906 3,327
Interest receivable 19,281 16,908
Other assets 1,714 236
Total Assets 3,482,977 2,712,590
Liabilities:    
Borrowings under repurchase agreements (net of deferred financing costs of $6,763 and $7,353 in 2016 and 2015, respectively) 1,139,803 918,421
Convertible senior notes, net 249,994 248,173
Participations sold 84,979 118,201
Accounts payable and accrued expenses 17,681 9,246
Payable to related party 7,015 5,297
Dividends payable 51,278 37,828
Total Liabilities 1,550,750 1,337,166
Commitments and Contingencies
Stockholders’ Equity:    
Common stock, $0.01 par value, 450,000,000 shares authorized, 91,422,676 and 67,195,252shares issued and outstanding in 2016 and 2015, respectively 914 672
Additional paid-in-capital 1,983,010 1,410,138
Retained earnings (accumulated deficit) (48,070) (32,328)
Accumulated other comprehensive loss (3,811) (3,173)
Total Stockholders’ Equity 1,932,227 1,375,424
Total Liabilities and Stockholders’ Equity 3,482,977 2,712,590
Commercial Mortgage Portfolio Segment [Member]    
Assets:    
Loans, held for investment 1,641,856 994,301
Subordinate Mortgage Portfolio Segment [Member]    
Assets:    
Loans, held for investment 1,051,236 931,351
Series A Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock 35 35
Series B Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock 80 80
Series C Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock $ 69 $ 0