CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 25,625	$ 50,615
Loans held for investment ($1,026,784 and $974,424 related to consolidated VIEs, respectively)	2,605,893	2,414,383
Current expected credit loss reserve	(27,613)	(23,939)
Loans held for investment, net of current expected credit loss reserve	2,578,280	2,390,444
Real estate owned held for sale, net	0	36,602
Other assets ($2,428 and $2,592 of interest receivable related to consolidated VIEs, respectively; $65,229 and $128,589 of other receivables related to consolidated VIEs, respectively)	92,429	154,177
Total assets	2,696,334	2,631,838
LIABILITIES
Secured funding agreements	853,059	840,047
Notes payable	0	50,358
Secured term loan	149,107	149,016
Collateralized loan obligation securitization debt (consolidated VIEs)	851,337	861,188
Secured borrowings	22,635	22,589
Due to affiliate	4,562	4,156
Dividends payable	19,198	16,674
Other liabilities ($875 and $570 of interest payable related to consolidated VIEs, respectively)	10,436	9,182
Total liabilities	1,910,334	1,953,210
Commitments and contingencies (Note 9)
STOCKHOLDERS' EQUITY
Common stock, par value $0.01 per share, 450,000,000 shares authorized at June 30, 2022 and December 31, 2021 and 54,438,363 and 47,144,058 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	537	465
Additional paid-in capital	811,411	703,950
Accumulated other comprehensive income	12,389	2,844
Accumulated earnings (deficit)	(38,337)	(28,631)
Total stockholders' equity	786,000	678,628
Total liabilities and stockholders' equity	$ 2,696,334	$ 2,631,838