April 29, 2019

David J. Bryant
Chief Financial Officer
Exantas Capital Corp.
717 Fifth Avenue
New York, NY 10022

       Re: Exantas Capital Corp.
           Form 10-K for the year ended December 31, 2018
           Filed March 11, 2019
           File No. 001-32733

Dear Mr. Bryant:

       We have limited our review of your filing to the financial statements
and related
disclosures and have the following comments. In some of our comments, we may
ask you to
provide us with information so we may better understand your disclosure.

       Please respond to these comments within ten business days by providing
the requested
information or advise us as soon as possible when you will respond. If you do
not believe our
comments apply to your facts and circumstances, please tell us why in your
response.

       After reviewing your response to these comments, we may have additional
comments.

Form 10-K for the year ended December 31, 2018

Item 7. Management's Discussion and Analysis of Financial Condition and Results
of Operations
Core Earnings, page 67

1.    We note that you have added back certain items excluded from Core
Earnings allocable to
      common shares to arrive at Core Earnings allocable to common shares,
adjusted. To the
      extent that this additional measure is presented in future filings,
include a statement
      disclosing the reasons why management believes that it provides
differentiated useful
      information to investors in accordance with Item 10(e)(i)(C) of
Regulation S-K. Please
      also tell us why you believe it is appropriate to add back loss on
redemption of preferred
      stock when you are presenting a measure of income allocable to common
shares.
Liquidity and Capital Resources, page 70

2.    We note that you use repurchase agreements to finance certain assets. In
future filings,
      please quantify 1) the average quarterly balance of repurchase
agreements, 2) the period
 David J. Bryant
Exantas Capital Corp.
April 29, 2019
Page 2
         end balance for each of those quarters and 3) the maximum balance at
any month-end for
         each of the past three years. Explain the causes and business reasons
for significant
         variances among these amounts.
Consolidated Statements of Cash Flows, page 87

3.       Please present proceeds from and repayments of repurchase agreements
on a gross basis in
         future filings in accordance with ASC 230-10-45-7 through 45-9.
       In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.

       You may contact Kristi Marrone at (202) 551-3429 or Wilson Lee at (202)
551-3468 with
any questions.



                                                            Sincerely,
FirstName LastNameDavid J. Bryant
                                                            Division of
Corporation Finance
Comapany NameExantas Capital Corp.
                                                            Office of Real
Estate and
April 29, 2019 Page 2                                       Commodities
FirstName LastName