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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 105,833 $ 63,425
Restricted cash 15,108 11,666
Loans, net (including $34,354 and $188,150 held at fair value) 1,035,330 1,017,920
Loans, held for sale, at fair value 188,752 216,022
Mortgage backed securities, at fair value 50,070 39,922
Loans eligible for repurchase from Ginnie Mae 79,623 95,158
Investment in unconsolidated joint venture 41,598 55,369
Derivative instruments 4,758 4,725
Servicing rights (including $85,554 and $72,295 held at fair value) 111,274 94,038
Receivable from third parties 980 6,756
Other assets 56,948 56,840
Assets of consolidated VIEs 1,122,706 861,662
Total Assets 2,812,980 2,523,503
Liabilities    
Secured borrowings 678,858 631,286
Promissory note 5,524 6,107
Securitized debt obligations of consolidated VIEs, net 795,503 598,148
Convertible note, net 109,484 108,991
Senior secured notes, net 178,718 138,078
Corporate debt, net 48,172  
Guaranteed loan financing 263,920 293,045
Contingent consideration 1,686 10,016
Liabilities for loans eligible for repurchase from Ginnie Mae 79,623 95,158
Derivative instruments 935 282
Dividends payable 13,340 12,289
Accounts payable and other accrued liabilities 72,659 74,636
Total Liabilities 2,248,422 1,968,036
Stockholders’ Equity    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 32,051,989 and 31,996,440 shares issued and outstanding, respectively 3 3
Additional paid-in capital 539,457 539,455
Retained earnings (deficit) 5,870 (3,385)
Total Sutherland Asset Management Corporation equity 545,330 536,073
Non-controlling interests 19,228 19,394
Total Stockholders’ Equity 564,558 555,467
Total Liabilities and Stockholders’ Equity $ 2,812,980 $ 2,523,503