Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018		Sep. 30, 2017
Cash Flows from Operating Activities:
Net Income	$ 78,376		$ 69,594
Adjustment to Reconcile Net Income to Net Cash Provided by Operating Activities:
Amortization and Accretion of Premiums, Discounts and Loan Origination Fees, net	(11,867)		(15,867)
Amortization of Deferred Financing Costs	12,103		9,160
Capitalized Accrued Interest			1,865
Loss (Gain) on Sales of Loans Held for Investment and Commercial Mortgage-Backed Securities, net	524		(185)
Stock Compensation Expense	483
Cash Flows Due to Changes in Operating Assets and Liabilities:
Accounts Receivable	103		503
Accrued Interest Receivable	(4,012)		(776)
Accrued Expenses	1,113		(2,454)
Accrued Interest Payable	(360)		826
Payable to Affiliates	1,677		5,193
Deferred Fee Income	(101)		75
Other Assets	149		(694)
Net Cash Provided by Operating Activities	78,188		67,240
Cash Flows from Investing Activities:
Origination of Loans Held for Investment	(1,622,084)		(1,149,911)
Advances on Loans Held for Investment	(207,657)		(226,187)
Principal Advances Held by Servicer/Trustee			496
Principal Repayments of Loans Held for Investment	858,130		975,258
Proceeds from Sales of Loans Held for Investment	2,174		65,054
Purchase of Commercial Mortgage-Backed Securities	(143,643)		(96,294)
Sales and Principal Repayments of Commercial Mortgage-Backed Securities	146,016		29,802
Purchases and Disposals of Fixed Assets			(108)
Net Cash Used in Investing Activities	(967,064)		(401,890)
Cash Flows from Financing Activities:
Payments on Collateralized Loan Obligation			(559,574)
Proceeds from Collateralized Loan Obligation	745,904		16,254
Payments on Secured Financing Agreements	(1,432,221)		(621,552)
Proceeds from Secured Financing Agreements	1,508,313		1,293,530
Payment of Deferred Financing Costs	(18,818)		(6,207)
Proceeds from Issuance of Common Stock	139,440		243,654
Payments to Repurchase Common Stock	(8,361)		(6,000)
Payment of Equity Issuance and Shelf Registration Statement Transaction Costs	(251)		(4,341)
Net Cash Provided by Financing Activities	859,592		295,975
Net Change in Cash, Cash Equivalents, and Restricted Cash	(29,284)		(38,675)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	75,737		103,975
Cash, Cash Equivalents and Restricted Cash at End of Period	46,453		65,300
Supplemental Disclosure of Cash Flow Information:
Interest Paid	78,707		46,600
Taxes Paid	208		141
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Principal Repayments of Loans Held for Investment by Servicer/Trustee, net			51,076
Interest Payments of Loans Held for Investment and Commercial Mortgage-Backed Securities Held by Servicer/Trustee, net	1,677
Principal Repayments of Commercial Mortgage-Backed Securities Held by Servicer/Trustee, net	870
Accrued Equity Issuance and Shelf Registration Statement Transaction Costs	606		2,391
Dividends Declared, not paid	28,918	[1]	20,135
Accrued Deferred Financing Costs	3,469		2,290
Accrued Common Stock Retirement Costs			559
Accrued Share Based Compensation Taxes	147
Commercial Mortgage-Backed Securities
Cash Flows from Investing Activities:
Purchase of Commercial Mortgage-Backed Securities	(138,000)
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Unrealized (Loss) Gain on Commercial Mortgage-Backed Securities, Available-for-Sale	(1,115)		1,270
Class A Common Stock
Cash Flows from Financing Activities:
Proceeds from Issuance of Common Stock			365
Dividends paid	(1,429)		(1,403)
Preferred Class A
Cash Flows from Financing Activities:
Payments to Redeem Series A Preferred Stock	(125)
Dividends paid	(3)		(8)
Common Stock, Undefined Class
Cash Flows from Financing Activities:
Dividends paid	$ (72,857)		$ (58,743)

[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 September 30, 2018 include VIE assets and liabilities of $954.4 million and $741.5 million, respectively. These assets can be used only to satisfy obligations of the VIE, and creditors of the VIE have recourse only to these assets, and not to TPG RE Finance Trust, Inc. See Note 5 to the Consolidated Financial Statements for details