CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 5,256	$ 11,089
Restricted cash	379	379
Loans held for investment ($515,896 and $289,576 related to consolidated VIEs, respectively)	1,682,498	1,524,873
Real estate owned, net	37,901	0
Other assets ($1,309 and $843 of interest receivable related to consolidated VIEs, respectively; $41,104 and $51,582 of other receivables related to consolidated VIEs, respectively)	58,100	66,983
Total assets	1,784,134	1,603,324
LIABILITIES
Secured funding agreements	728,589	777,974
Notes payable	54,708	0
Secured term loan	109,149	108,345
Collateralized loan obligation securitization debt (consolidated VIE)	443,177	270,737
Due to affiliate	2,761	3,163
Dividends payable	9,546	8,914
Other liabilities ($718 and $541 of interest payable related to consolidated VIEs, respectively)	9,865	8,604
Total liabilities	1,357,795	1,177,737
Commitments and contingencies (Note 6)
STOCKHOLDERS' EQUITY
Common stock, par value $0.01 per share, 450,000,000 shares authorized at December 31, 2019 and 2018 and 28,865,610 and 28,755,665 shares issued and outstanding at December 31, 2019 and 2018, respectively	283	283
Additional paid-in capital	423,619	421,739
Accumulated earnings	2,437	3,565
Total stockholders’ equity	426,339	425,587
Total liabilities and stockholders’ equity	$ 1,784,134	$ 1,603,324