Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Investment in mortgage loans, held for investment:
Commercial mortgage loans, mezzanine loans, and preferred equity interests	$ 731,105	$ 1,270,607
Allowance for loan losses	(16,699)	(14,883)
Investments in real estate, net of accumulated depreciation	177,178	245,904
Cash and cash equivalents	72,224	53,380
Restricted cash	113,091	157,914
Accrued interest receivable	28,147	29,664
Other assets	17,652	43,871
Intangible assets, net of accumulated amortization of $7,649 and $6,831, respectively	4,558	5,376
Total assets	1,133,454	1,791,833
Liabilities and Equity
Indebtedness, net of unamortized discounts, premiums and deferred financing costs of $23,793 and $29,465 respectively (including $670,926 and $1,038,864 held by consolidated VIEs, respectively)	934,389	1,390,188
Accrued interest payable	3,406	4,688
Accounts payable and accrued expenses	8,756	9,641
Borrowers' escrows	55,842	117,070
Deferred taxes and other liabilities	22,902	12,116
Total liabilities	1,025,295	1,533,703
Series D cumulative redeemable preferred shares, $0.01 par value per share, 0 and 4,000,000 shares authorized, respectively, 0 and 3,133,720 shares issued and outstanding, respectively		78,343
Shareholders’ equity:
Common shares, $0.03 par value per share, 200,000,000 shares authorized 92,532,749 and 93,045,152 issued and outstanding, respectively, including 525,349 and 1,246,484 unvested restricted common share awards, respectively	2,776	2,791
Additional paid in capital	2,102,066	2,094,804
Accumulated other comprehensive income (loss)	12,544
Retained earnings (deficit)	(2,009,327)	(1,921,533)
Total shareholders’ equity	108,159	176,155
Noncontrolling interests		3,632
Total equity	108,159	179,787
Total liabilities and equity	1,133,454	1,791,833
Held For Investment
Investment in mortgage loans, held for investment:
Investment in mortgage loans	714,406	1,255,724
Held For Sale
Investment in mortgage loans, held for investment:
Investment in mortgage loans	6,198
7.75% Series A Cumulative Redeemable Preferred Stock
Shareholders’ equity:
Preferred shares, $0.01 par value per share	57	53
Total equity	57	53
8.375% Series B Cumulative Redeemable Preferred Stock
Shareholders’ equity:
Preferred shares, $0.01 par value per share	25	23
Total equity	25	23
8.875% Series C Cumulative Redeemable Preferred Stock
Shareholders’ equity:
Preferred shares, $0.01 par value per share	18	17
Total equity	18	17
Series E Cumulative Redeemable Preferred Stock
Shareholders’ equity:
Preferred shares, $0.01 par value per share