Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Assets:
Cash and cash equivalents	$ 273,316	$ 563,217
Restricted cash	110,472	158,945
Loans held-for-investment, net of credit loss allowances of $57,573 and $77,444 ($91,499 and $90,684 held at fair value)	13,292,998	11,087,073
Loans held-for-sale ($2,099,266 and $932,295 held at fair value)	2,183,519	1,052,835
Investment securities, net of credit loss allowances of $6,389 and $5,675 ($184,153 and $198,053 held at fair value)	670,887	736,658
Properties, net	2,228,862	2,271,153
Intangible assets ($15,942 and $13,202 held at fair value)	65,122	70,117
Investment in unconsolidated entities	94,000	108,054
Goodwill	259,846	259,846
Derivative assets	52,566	40,555
Accrued interest receivable	108,126	95,980
Other assets	294,670	190,748
Variable interest entity (“VIE”) assets, at fair value	62,346,480	64,238,328
Total Assets	81,980,864	80,873,509
Liabilities:
Accounts payable, accrued expenses and other liabilities	210,080	206,845
Related-party payable	23,378	39,170
Dividends payable	139,738	137,959
Derivative liabilities	15,615	41,324
Secured financing agreements, net	11,502,052	10,146,190
Collateralized loan obligations and single asset securitization, net	2,614,230	930,554
Unsecured senior notes, net	1,733,684	1,732,520
VIE liabilities, at fair value	60,894,975	62,776,371
Total Liabilities	77,133,752	76,010,933
Commitments and contingencies (Note 21)
Starwood Property Trust, Inc. Stockholders’ Equity:
Preferred stock, $0.01 per share, 100,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.01 per share, 500,000,000 shares authorized, 296,072,090 issued and 288,623,399 outstanding as of September 30, 2021 and 292,091,601 issued and 284,642,910 outstanding as of December 31, 2020	2,961	2,921
Additional paid-in capital	5,270,265	5,209,739
Treasury stock (7,448,691 shares)	(138,022)	(138,022)
Accumulated other comprehensive income	40,486	43,993
Accumulated deficit	(687,980)	(629,733)
Total Starwood Property Trust, Inc. Stockholders’ Equity	4,487,710	4,488,898
Non-controlling interests in consolidated subsidiaries	359,402	373,678
Total Equity	4,847,112	4,862,576
Total Liabilities and Equity	$ 81,980,864	$ 80,873,509