XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Residential whole loans, fair value $ 1,023,502 $ 1,008,782
Residential bridge loan. at fair value 5,428 12,813
Residential bridge loans 5,207 12,960
Commercial Loans, at fair value 101,459 310,523
Securitized debt, at fair value 1,863,488 2,446,012
Interest payable $ 10,272 $ 12,006
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 500,000,000 500,000,000
Common stock, shares outstanding (in shares) 60,380,105 60,812,701
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 100,000,000 100,000,000
Preferred stock, shares outstanding (in shares) 0 0
Treasury stock, shares held (in shares) 579,808 100,000
Cash and cash equivalents $ 40,193 $ 31,613
Restricted cash 260 76,132
Securitized commercial loans, at fair value 1,355,808 1,605,335
Investment related receivable 22,133 30,576
Interest receivable 11,823 13,568
Other assets 45,364 3,152
Total assets [1] 2,825,700 3,336,009
Accounts payable and accrued expenses 4,842 2,686
Other liabilities 262 84,674
Total liabilities [2] 2,621,371 3,080,895
Affiliated Entity    
Securitized debt 1,344,370 1,553,722
Securitized debt, at fair value 180,116 215,753
Interest payable 699 784
VIE    
Residential whole loans, fair value 1,023,502 1,008,782
Residential bridge loan. at fair value 5,207 11,858
Residential bridge loans 5,207 12,960
Commercial Loans, at fair value 14,362 68,466
Securitized debt, at fair value 1,863,488 2,446,012
Interest payable 6,480 7,882
Cash and cash equivalents 266 0
Restricted cash 260 76,132
Securitized commercial loans, at fair value 1,355,808 1,605,335
Investment related receivable 22,087 27,987
Interest receivable 10,572 10,936
Other assets 0 80
Total assets 2,432,064 2,810,678
Accounts payable and accrued expenses 78 89
Other liabilities 260 76,132
Total liabilities 1,870,306 2,530,115
Subtotal Agency MBS    
Fair value of mortgage-backed securities pledged as collateral 1,172 1,708
Non-Agency MBS    
Fair value of mortgage-backed securities pledged as collateral 123,947 167,970
Other securities    
Fair value of mortgage-backed securities pledged as collateral $ 51,648 $ 48,754
[1]
 December 31, 2021December 31, 2020
(1) Assets of consolidated VIEs included in the total assets above:
Cash and cash equivalents$266 $— 
Restricted cash260 76,132 
Residential Whole Loans, at fair value ($1,023,502 and $1,008,782 pledged as collateral, at fair value, respectively)
1,023,502 1,008,782 
Residential Bridge Loans ($5,207 and $11,858 at fair value and $5,207 and $12,960 pledged as collateral, respectively)
5,207 12,960 
Securitized commercial loans, at fair value1,355,808 1,605,335 
Commercial Loans, at fair value ($14,362 and $68,466 pledged as collateral, at fair value, respectively)
14,362 68,466 
Investment related receivable22,087 27,987 
Interest receivable10,572 10,936 
Other assets— 80 
Total assets of consolidated VIEs$2,432,064 $2,810,678 
[2] Liabilities of consolidated VIEs included in the total liabilities above:
Securitized debt, net ($1,344,370 and $1,553,722 at fair value and $180,116 and $215,753 held by affiliates, respectively)
$1,863,488 $2,446,012 
Interest payable (includes $699 and $784 on securitized debt held by affiliates, respectively)
6,480 7,882 
Accounts payable and accrued expenses78 89 
Other liabilities260 76,132 
Total liabilities of consolidated VIEs$1,870,306 $2,530,115