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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Assets:    
Cash $ 98,310 $ 77,671
Carrying value 4,067,494 3,679,758
Loan proceeds held by servicer 30,281 302,756
Other assets 46,087 28,420
Total Assets 4,242,172 4,088,605
Liabilities:    
Secured debt arrangements, net (net of deferred financing costs of $14,037 and $14,348 in 2018 and 2017, respectively) 1,212,749 1,330,847
Convertible senior notes, net 585,972 584,897
Derivative liabilities, net 14,499 5,644
Accounts payable, accrued expenses and other liabilities 73,330 70,906
Payable to related party 8,092 8,168
Total Liabilities 1,894,642 2,000,462
Commitments and Contingencies (see Note 15)
Stockholders’ Equity:    
Common stock, $0.01 par value, 450,000,000 shares authorized, 122,992,231 and 107,121,235 shares issued and outstanding in 2018 and 2017, respectively 1,230 1,071
Additional paid-in-capital 2,444,036 2,170,078
Accumulated deficit (97,873) (83,143)
Total Stockholders’ Equity 2,347,530 2,088,143
Total Liabilities and Stockholders’ Equity 4,242,172 4,088,605
Commercial Mortgage Portfolio Segment [Member]    
Assets:    
Carrying value 3,029,240 2,653,826
Subordinate Mortgage Portfolio Segment [Member]    
Assets:    
Carrying value 1,038,254 1,025,932
Series B Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock 68 68
Series C Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock $ 69 $ 69