XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Assets:    
Cash $ 99,188,000 $ 77,671,000
Commercial mortgage loans and subordinate loans, net 4,828,046,000 3,679,758,000
Loan proceeds held by servicer 0 302,756,000
Other assets 31,894,000 28,420,000
Derivative assets, net 15,341,000 0
Total Assets 4,974,469,000 4,088,605,000
Liabilities:    
Secured debt arrangements, net (net of deferred financing costs of $16,746 and $14,348 in 2018 and 2017, respectively) 1,996,871,000 1,330,847,000
Convertible senior notes, net 370,174,000 584,897,000
Derivative liabilities, net 0 5,644,000
Accounts payable, accrued expenses and other liabilities 79,538,000 70,906,000
Payable to related party 9,515,000 8,168,000
Total Liabilities 2,456,098,000 2,000,462,000
Commitments and Contingencies (see Note 15)
Stockholders’ Equity:    
Common stock, $0.01 par value, 450,000,000 shares authorized, 133,765,392 and 107,121,235 shares issued and outstanding in 2018 and 2017, respectively 1,338,000 1,071,000
Additional paid-in-capital 2,630,468,000 2,170,078,000
Accumulated deficit (113,572,000) (83,143,000)
Total Stockholders’ Equity 2,518,371,000 2,088,143,000
Total Liabilities and Stockholders’ Equity 4,974,469,000 4,088,605,000
Commercial Mortgage Portfolio Segment [Member]    
Assets:    
Commercial mortgage loans and subordinate loans, net 3,723,550,000 2,653,826,000
Subordinate Mortgage Portfolio Segment [Member]    
Assets:    
Commercial mortgage loans and subordinate loans, net 1,104,496,000 1,025,932,000
Series B Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock 68,000 68,000
Series C Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock $ 69,000 $ 69,000