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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Assets:    
Cash and cash equivalents $ 487,165,000 $ 452,282,000
Total carrying value, net 6,387,837,000 6,375,093,000
Derivative assets, net 49,294,000 0
Other assets 45,218,000 52,716,000
Loan proceeds held by servicer 0 8,272,000
Total Assets 6,969,514,000 6,888,363,000
Liabilities:    
Secured debt arrangements, net (net of deferred financing costs of $15,079 and $17,190 in 2020 and 2019, respectively) 3,425,098,000 3,078,366,000
Convertible senior notes, net 563,583,000 561,573,000
Senior secured term loan, net (net of deferred financing costs of $7,737 and $7,277 in 2020 and 2019, respectively) 485,179,000 487,961,000
Accounts payable, accrued expenses and other liabilities [1] 120,190,000 100,712,000
Payable to related party 9,958,000 10,430,000
Derivative liabilities 0 19,346,000
Total Liabilities 4,604,008,000 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, 148,326,806 and 153,537,296 shares issued and outstanding in 2020 and 2019, respectively 1,483,000 1,535,000
Additional paid-in-capital 2,781,111,000 2,825,317,000
Accumulated deficit (417,156,000) (196,945,000)
Total Stockholders’ Equity 2,365,506,000 2,629,975,000
Total Liabilities and Stockholders’ Equity 6,969,514,000 6,888,363,000
Commercial Mortgage Portfolio Segment    
Assets:    
Total carrying value, net [2],[3] 5,343,437,000 5,326,967,000
Subordinate Mortgage Portfolio Segment    
Assets:    
Total carrying value, net [3] $ 1,044,400,000 $ 1,048,126,000
[1] Includes $4,119 of General CECL Allowance related to unfunded commitments on our loans in 2020.
[2] Includes $5,330,380 and $4,852,087 pledged as collateral under secured debt arrangements in 2020 and 2019, respectively
[3] Net of $242,025 CECL Allowances in 2020, comprised of $197,481 Specific CECL Allowance and $44,544 General CECL Allowance. Net of $56,981 provision for loan loss in 2019.