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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 Ufb49ikZrIuVtlSZG1JYlw==

<SEC-DOCUMENT>0001179110-10-016095.txt : 20101115
<SEC-HEADER>0001179110-10-016095.hdr.sgml : 20101115
<ACCEPTANCE-DATETIME>20101115182550
ACCESSION NUMBER:		0001179110-10-016095
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101104
FILED AS OF DATE:		20101115
DATE AS OF CHANGE:		20101115

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Fellows Boyd
		CENTRAL INDEX KEY:			0001504168

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34436
		FILM NUMBER:		101194526

	MAIL ADDRESS:	
		STREET 1:		C/O STARWOOD PROPERTY TRUST, INC.
		STREET 2:		591 WEST PUTNAM AVENUE
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STARWOOD PROPERTY TRUST, INC.
		CENTRAL INDEX KEY:			0001465128
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				270247747

	BUSINESS ADDRESS:	
		STREET 1:		C/O STARWOOD CAPITAL GROUP
		STREET 2:		591 WEST PUTNAM AVENUE
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
		BUSINESS PHONE:		(203) 422-7700

	MAIL ADDRESS:	
		STREET 1:		C/O STARWOOD CAPITAL GROUP
		STREET 2:		591 WEST PUTNAM AVENUE
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 3 -
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2010-11-04</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001465128</issuerCik>
        <issuerName>STARWOOD PROPERTY TRUST, INC.</issuerName>
        <issuerTradingSymbol>STWD</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001504168</rptOwnerCik>
            <rptOwnerName>Fellows Boyd</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>591 WEST PUTNAM AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>GREENWICH</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06830</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>12500</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By SPT Investment, LLC</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Shares are held by SPT Investment, LLC, of which Starwood Capital Group Global, L.P. (&quot;SCGG&quot;) is the sole member. In exchange for a capital contribution by Mr. Fellows to SCGG, SCGG allocated to Mr. Fellows an interest in these shares of the Company's common stock (the &quot;Stock&quot;), consisting of (i) the current right to receive any dividends declared and paid by Starwood Property Trust, Inc. (the &quot;Company&quot;) with respect to its Stock, and (ii) the contingent right to receive these shares after the expiration of a lock up agreement between the Company and the underwriters of the Company's initial public offering on August 11, 2010, subject to certain other conditions.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Boyd Fellows</signatureName>
        <signatureDate>2010-11-15</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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