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CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019
--- | --- | ---
Preferred stock par value per share (in dollars per share) |  | $ 0.01 | $ 0.01
Preferred stock shares authorized (in shares) |  | 25,000,000 | 25,000,000
Preferred stock shares issued (in shares) |  | 0 | 0
Preferred stock shares outstanding (in shares) |  | 0 | 0
Common stock par value per share (in dollars per share) |  | $ 0.01 | $ 0.01
Common stock shares authorized (in shares) |  | 125,000,000 | 125,000,000
Common stock shares issued (in shares) |  | 22,924,982 | 22,142,143
Common stock shares outstanding (in shares) |  | 22,924,982 | 22,142,143
Mortgage loans |  | $ 871,700 | $ 908,600
Property held-for-sale, valuation allowances |  | 1,300 | 1,800
Secured borrowings, net |  | 609,812 | 652,747
Investment in debt securities - Basis |  | 261,926 | 230,408
Noncontrolling interest | [1] | 25,883 | 24,202
Financing Receivable, Allowance for Credit Loss |  | 14,450 | 1,960
Debt securities accumulated unrealized gain (loss) |  | $ 3,900 | $ 1,300
Series A Preferred Stock |  |  |
Preferred stock shares outstanding (in shares) |  | 2,307,400 | 0
Series B Preferred Stock |  |  |
Preferred stock shares outstanding (in shares) |  | 2,892,600 | 0
Beneficial interests |  |  |
Financing Receivable, Allowance for Credit Loss |  | $ 7,000 | $ 0
Consolidated Entities |  |  |
Mortgage loans |  | 312,000 | 341,800
Secured borrowings, net |  | 263,600 | 284,800
Noncontrolling interest |  | $ 24,200 | $ 22,400
2017-D | Great Ajax Corp |  |  |
Noncontrolling Interest, Ownership Percentage by Parent |  | 50.00% | 50.00%
2018-C | Great Ajax Corp |  |  |
Noncontrolling Interest, Ownership Percentage by Parent |  | 63.00% | 63.00%
[1] | As of June 30, 2020 and December 31, 2019 non-controlling interests includes $24.2 million and $22.4 million, respectively, from the 50% and 63% owned joint ventures, which the Company consolidates under U.S. GAAP.

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