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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Assets:    
Cash and cash equivalents $ 582,138,000 $ 452,282,000
Commercial mortgage loans and subordinate loans and other lending assets, net 6,430,618,000 6,375,093,000
Other assets 103,869,000 52,716,000
Derivative assets, net 57,561,000 0
Loan proceeds held by servicer 0 8,272,000
Total Assets 7,174,186,000 6,888,363,000
Liabilities:    
Secured debt arrangements, net (net of deferred financing costs of $16,917 and $17,190 in 2020 and 2019, respectively) 3,539,925,000 3,078,366,000
Convertible senior notes, net 562,571,000 561,573,000
Senior secured term loan, net (net of deferred financing costs of $6,960 and $7,277 in 2020 and 2019, respectively) 487,117,000 487,961,000
Accounts payable, accrued expenses and other liabilities [1] 123,376,000 100,712,000
Derivative liabilities 50,018,000 19,346,000
Payable to related party 10,268,000 10,430,000
Total Liabilities 4,773,275,000 4,258,388,000
Commitments and Contingencies (see Note 15)
Stockholders’ Equity:    
Preferred stock 68,000 68,000
Common stock, $0.01 par value, 450,000,000 shares authorized, 153,740,547 and 153,537,296 shares issued and outstanding in 2020 and 2019, respectively 1,537,000 1,535,000
Additional paid-in-capital 2,820,643,000 2,825,317,000
Accumulated deficit (421,337,000) (196,945,000)
Total Stockholders’ Equity 2,400,911,000 2,629,975,000
Total Liabilities and Stockholders’ Equity 7,174,186,000 6,888,363,000
Commercial Mortgage Portfolio Segment    
Assets:    
Commercial mortgage loans and subordinate loans and other lending assets, net [2],[3] 5,413,627,000 5,326,967,000
Subordinate Mortgage Portfolio Segment    
Assets:    
Commercial mortgage loans and subordinate loans and other lending assets, net [3] $ 1,016,991,000 $ 1,048,126,000
[1] $6,059 of General CECL Allowance related to unfunded commitments on our loans in 2020.
[2] Includes $5,282,741 and $4,852,087 pledged as collateral under secured debt arrangements in 2020 and 2019, respectively
[3] Net of $265,254 CECL Allowances in 2020, comprised of $206,981 Specific CECL Allowance and $58,273 General CECL Allowance. Net of $56,981 provision for loan loss in 2019.