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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Assets:    
Cash and cash equivalents $ 109,343,000 $ 109,806,000
Commercial mortgage loans and subordinate loans, net 5,186,999,000 4,927,593,000
Loan proceeds held by servicer 0 1,000,000
Other assets 36,540,000 33,720,000
Derivative assets, net 8,715,000 23,700,000
Total Assets 5,341,597,000 5,095,819,000
Liabilities:    
Secured debt arrangements, net (net of deferred financing costs of $17,828 and $17,555 in 2019 and 2018, respectively) 2,141,939,000 1,879,522,000
Convertible senior notes, net 558,664,000 592,000,000
Accounts payable, accrued expenses and other liabilities 91,557,000 104,746,000
Payable to related party 9,613,000 9,804,000
Total Liabilities 2,801,773,000 2,586,072,000
Commitments and Contingencies (see Note 14)
Stockholders’ Equity:    
Common stock, $0.01 par value, 450,000,000 shares authorized, 136,254,352 and 133,853,565 shares issued and outstanding in 2019 and 2018, respectively 1,363,000 1,339,000
Additional paid-in-capital 2,671,100,000 2,638,441,000
Accumulated deficit (132,776,000) (130,170,000)
Total Stockholders’ Equity 2,539,824,000 2,509,747,000
Total Liabilities and Stockholders’ Equity 5,341,597,000 5,095,819,000
Commercial Mortgage Portfolio Segment [Member]    
Assets:    
Commercial mortgage loans and subordinate loans, net 4,003,089,000 3,878,981,000
Subordinate Mortgage Portfolio Segment [Member]    
Assets:    
Commercial mortgage loans and subordinate loans, net 1,183,910,000 1,048,612,000
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