Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands		Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	[1]	$ 351,572	$ 260,635
Restricted cash	[1]	847	404
Accounts receivable	[1]	127	12
Collateralized loan obligation proceeds held at trustee	[1]	260	204
Accounts receivable from servicer/trustee	[1]	745	176
Accrued interest and fees receivable	[1]	29,559	26,620
Loans held for investment	[1]	5,115,788	4,909,202
Allowance for credit losses	[1]	(46,307)	(41,999)
Loans held for investment, net (includes $1,633,812 and $1,697,481, respectively, pledged as collateral under secured financing agreements)	[1]	5,069,481	4,867,203
Real estate owned	[1]	60,622	60,622
Other assets	[1]	1,843	2,144
Total assets	[1]	5,515,056	5,218,020
Liabilities
Accrued interest payable	[1]	3,269	2,723
Accrued expenses and other liabilities	[1]	13,659	11,563
Secured financing agreements (net of deferred financing costs of $5,097 and $4,005, respectively)	[1]	1,192,956	1,162,206
Collateralized loan obligations (net of deferred financing costs of $14,489 and $10,297, respectively)	[1]	2,810,626	2,545,691
Payable to affiliates	[1]	6,153	5,609
Deferred revenue	[1]	1,784	1,366
Dividends payable	[1]	18,701	24,156
Total liabilities	[1]	4,047,148	3,753,314
Commitments and contingencies - see Note 14	[1]
Permanent equity
Common Stock Value	[1]	77	77
Additional paid-in-capital	[1]	1,713,152	1,711,886
Accumulated deficit	[1]	(245,329)	(247,265)
Total stockholders' equity	[1]	1,467,908	1,464,706
Total permanent equity	[1]	1,467,908	1,464,706
Total liabilities and stockholders' equity	[1]	5,515,056	5,218,020
Series B Preferred Stock
Temporary equity
Series B Preferred Stock ($0.001 par value per share; 13,000,000 and 13,000,000 shares authorized, respectively; 0 and 0 shares issued and outstanding, respectively)	[1]	0	0
Series A Preferred Stock
Permanent equity
Preferred Stock Value	[1]	0	0
Series C Preferred Stock
Permanent equity
Preferred Stock Value	[1]	$ 8	$ 8

[1] The Company’s consolidated Total Assets and Total Liabilities as of March 31, 2022 include assets and liabilities of variable interest entities (“VIEs”) of $3.4 billion and $2.8 billion, respectively. The Company’s consolidated Total Assets and Total Liabilities as of December 31, 2021 include assets and liabilities of VIEs of $3.2 billion and $2.6 billion, respectively. These assets can be used only to satisfy obligations of the VIEs, and creditors of the VIEs have recourse only to these assets, and not to TPG RE Finance Trust, Inc. See Note 5 to the Consolidated Financial Statements for details.