CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 13,759	$ 50,615
Loans held for investment ($1,028,398 and $974,424 related to consolidated VIEs, respectively)	2,421,772	2,414,383
Current expected credit loss reserve	(20,452)	(23,939)
Loans held for investment, net of current expected credit loss reserve	2,401,320	2,390,444
Real estate owned held for sale, net	0	36,602
Other assets ($2,267 and $2,592 of interest receivable related to consolidated VIEs, respectively; $74,615 and $128,589 of other receivables related to consolidated VIEs, respectively)	100,726	154,177
Total assets	2,515,805	2,631,838
LIABILITIES
Secured funding agreements	740,022	840,047
Notes payable	22,631	50,358
Secured term loan	149,061	149,016
Collateralized loan obligation securitization debt (consolidated VIEs)	861,788	861,188
Secured borrowings	22,612	22,589
Due to affiliate	3,823	4,156
Dividends payable	16,740	16,674
Other liabilities ($689 and $570 of interest payable related to consolidated VIEs, respectively)	9,794	9,182
Total liabilities	1,826,471	1,953,210
Commitments and contingencies (Note 9)
STOCKHOLDERS' EQUITY
Common stock, par value $0.01 per share, 450,000,000 shares authorized at March 31, 2022 and December 31, 2021 and 47,412,436 and 47,144,058 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	467	465
Additional paid-in capital	707,579	703,950
Accumulated other comprehensive income	10,458	2,844
Accumulated earnings (deficit)	(29,170)	(28,631)
Total stockholders' equity	689,334	678,628
Total liabilities and stockholders' equity	$ 2,515,805	$ 2,631,838