Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash and Cash Equivalents	[1]	$ 75,037	$ 103,126
Restricted Cash	[1]	700	849
Accounts Receivable	[1]	141	644
Accounts Receivable from Servicer/Trustee	[1]	220	34,743
Accrued Interest Receivable	[1]	16,861	14,023
Loans Held for Investment (includes $2,694,106 and $1,397,610 pledged as collateral under secured revolving repurchase agreements)	[1]	3,175,672	2,449,990
Investment in Commercial Mortgage-Backed Securities, Available-for-Sale (includes $47,762 and $51,305 pledged as collateral under secured revolving repurchase agreements)	[1]	85,895	61,504
Other Assets, Net	[1]	859	704
Total Assets	[1]	3,355,385	2,665,583
Liabilities
Accrued Interest Payable	[1]	5,385	2,907
Accrued Expenses	[1]	5,067	6,555
Collateralized Loan Obligation (net of deferred financing costs of $0 and $2,541)	[1]		540,780
Secured Revolving Repurchase and Senior Secured Agreements (net of deferred financing costs of $8,697 and $8,159)	[1]	1,827,104	1,013,370
Notes Payable (net of deferred financing costs of $1,601 and $2,883)	[1]	287,886	108,499
Payable to Affiliates	[1]	5,227	3,955
Deferred Revenue	[1]	317	482
Dividends Payable	[1]	23,068	18,346
Total Liabilities	[1]	2,154,054	1,694,894
Commitments and Contingencies—See Note 14	[1]
Stockholders’ Equity:
Preferred Stock ($0.001 par value; 100,000,000 and 125 shares authorized; 125 and 125 shares issued and outstanding, respectively)	[1]
Additional Paid-in-Capital	[1]	1,216,112	979,467
Accumulated Deficit	[1]	(14,808)	(10,068)
Accumulated Other Comprehensive (Loss) Income	[1]	(34)	1,250
Total Stockholders' Equity	[1],[2]	1,201,331	970,689
Total Liabilities and Stockholders' Equity	[1]	3,355,385	2,665,583
Common Stock, Undefined Class
Stockholders’ Equity:
Common Stock Value	[1]	60	39
Class A Common Stock
Stockholders’ Equity:
Common Stock Value	[1]	1	1
Total Stockholders' Equity		$ 1	$ 1

[1] At December 31, 2017, there were no VIE assets or liabilities recorded in the Company’s Total Assets and Total Liabilities. The Company’s consolidated Total Assets and Total Liabilities at December 31, 2016 include VIE assets and liabilities of $743.5 million and $542.8 million, respectively. These assets were available only to satisfy obligations of the VIE, and creditors of the VIE had recourse only to those assets, and not to TPG RE Finance Trust, Inc. See Note 5 to the Consolidated Financial Statements for details

[2] Shares issued and shares outstanding reflect the impact of the common stock and Class A common stock dividend which was paid upon completion of the Company’s initial public offering on July 25, 2017 to holders of record as of July 3, 2017. See Note 12 to the Consolidated Financial Statements for details.