RESTRICTED CASH AND DUE TO BROKER

6 Months Ended

Jun. 30, 2018

Cash and Cash Equivalents [Abstract]

RESTRICTED CASH AND DUE TO BROKER

RESTRICTED CASH AND DUE TO BROKER

As of June 30, 2018, the Company is required to maintain certain cash balances with counterparties for broker activity and collateral for the Company's repurchase agreements in non-interest bearing accounts. Additionally, Hunt CRE 2017-FL1, Ltd. is actively managed with an initial reinvestment period of 30 months. As loans payoff or mature during this reinvestment period, cash received is restricted to be reinvested within Hunt CRE 2017-FL1, Ltd. in accordance with the terms of the agreements governing Hunt CRE 2017-FL1, Ltd. and the obligations thereof.

The following table presents the Company's restricted cash and due to broker balances as of June 30, 2018 and December 31, 2017:

	June 30, 2018		December 31, 2017
Restricted cash balance held by:
Broker counterparties for derivatives trading	$	—	$	(1,123,463	)
Repurchase counterparties as restricted collateral	16,722		11,275,263
CLO reinvestment principal proceeds	$	7,915,511	$	—
Total	$	7,932,233	$	10,151,800