Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

ASU 2016-13

Schedule of Cumulative Impact of Adoption of ASU 2016-13 on Indicated Line Items of Consolidated Balance Sheets

The following table presents the January 1, 2020 cumulative impact of the adoption of ASU 2016-13 on the indicated line items of the Company’s consolidated balance sheets as of January 1, 2020:

	Pre-Adoption			Cumulative Effect of Adopting ASU 2016-13			Post-Adoption
Assets:
Loans Held for Investment	$	4,980,389		$	—		$	4,980,389
Allowance for Credit Losses		—			(17,783	)		(17,783	)
Loan Held for Investment, net	$	4,980,389		$	(17,783	)	$	4,962,606
Liabilities:
Accrued Expenses and Other Liabilities	$	8,176		$	1,862		$	10,038
Equity:
Accumulated Deficit	$	(28,108	)	$	(19,645	)	$	(47,753	)