Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets:
Cash and cash equivalents	$ 264,209	$ 217,362
Restricted cash	109,565	104,552
Loans held-for-investment, net of credit loss allowances of $68,260 and $67,270 ($55,621 and $59,225 held at fair value)	16,253,257	15,536,849
Loans held-for-sale, at fair value	2,684,512	2,876,800
Investment securities, net of credit loss allowances of $3,385 and $8,610 ($167,883 and $177,848 held at fair value)	869,189	860,984
Properties, net	1,122,357	1,166,387
Investments in unconsolidated entities	89,250	90,097
Goodwill	259,846	259,846
Intangible assets ($17,864 and $16,780 held at fair value)	62,148	63,564
Derivative assets	60,869	48,216
Accrued interest receivable	123,801	116,262
Other assets	261,192	188,626
Variable interest entity (“VIE”) assets, at fair value	57,763,543	61,280,543
Total Assets	81,187,898	83,850,397
Liabilities:
Accounts payable, accrued expenses and other liabilities	196,145	189,696
Related-party payable	56,615	76,371
Dividends payable	148,743	147,624
Derivative liabilities	38,709	13,421
Secured financing agreements, net	11,531,571	12,576,850
Collateralized loan obligations and single asset securitization, net	3,797,895	2,616,116
Unsecured senior notes, net	2,322,630	1,828,590
VIE liabilities, at fair value	56,185,937	59,752,922
Total Liabilities	74,278,245	77,201,590
Commitments and contingencies
Temporary Equity: Redeemable non-controlling interests	261,685	214,915
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, 314,360,996 issued and 306,912,305 outstanding as of March 31, 2022 and 312,268,944 issued and 304,820,253 outstanding as of December 31, 2021	3,144	3,123
Additional paid-in capital	5,709,027	5,673,376
Treasury stock (7,448,691 shares)	(138,022)	(138,022)
Accumulated other comprehensive income	35,669	40,953
Retained earnings	669,877	493,106
Total Starwood Property Trust, Inc. Stockholders’ Equity	6,279,695	6,072,536
Non-controlling interests in consolidated subsidiaries	368,273	361,356
Total Permanent Equity	6,647,968	6,433,892
Total Liabilities and Equity	81,187,898	83,850,397
Primary beneficiary
Assets:
Investments of consolidated affordable housing fund, at fair value	1,264,160	$ 1,040,309
Total Assets	75,400
Liabilities:
Total Liabilities	$ 30,800