Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands		Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash and Cash Equivalents	[1]	$ 239,743	$ 319,669
Restricted Cash	[1]	828
Accounts Receivable	[1]	755	785
Collateralized Loan Obligation Proceeds Held at Trustee	[1]	53,832	174
Accounts Receivable from Servicer/Trustee	[1]	2,439	418
Accrued Interest and Fees Receivable	[1]	29,461	27,391
Loans Held for Investment	[1]	4,825,890	4,516,400
Allowance for Credit Losses	[1]	(51,941)	(59,940)
Loans Held for Investment, Net (includes $1,354,085 and $2,259,467, respectively, pledged as collateral under secured credit facilities)	[1]	4,773,949	4,456,460
Real Estate Owned	[1]	99,200	99,200
Other Assets	[1]	2,789	4,646
Total Assets	[1]	5,202,996	4,908,743
Liabilities
Accrued Interest Payable	[1]	2,774	2,630
Accrued Expenses and Other Liabilities	[1]	11,311	14,450
Secured Credit Agreements (net of deferred financing costs of $4,571 and $8,831, respectively)	[1]	858,640	1,514,028
Collateralized Loan Obligations (net of deferred financing costs of $14,654 and $9,192, respectively)	[1]	2,821,233	1,825,568
Payable to Affiliates	[1]	5,738	5,570
Deferred Revenue	[1]	1,321	1,418
Dividends Payable	[1]	15,500	29,481
Total Liabilities	[1]	3,765,805	3,442,292
Commitments and Contingencies—See Note 15	[1]
Permanent Equity
Additional Paid-in-Capital	[1]	1,708,972	1,559,681
Accumulated Deficit	[1]	(271,866)	(292,858)
Total Stockholders' Equity	[1]	1,437,191	1,266,900
Total Permanent Equity	[1]	1,437,191	1,266,900
Total Liabilities and Equity	[1]	5,202,996	4,908,743
Mortgages
Liabilities
Mortgage Loan Payable (net of deferred financing costs of $712 and $853, respectively)	[1]	49,288	49,147
Series B Cumulative Redeemable Preferred Stock
Temporary Equity
Series B Cumulative Redeemable Preferred Stock ($0.001 par value per share; 0 and 13,000,000 shares authorized, respectively; 0 and 9,000,000 shares issued and outstanding, respectively)	[1]		199,551
Common Stock, Undefined Class
Permanent Equity
Common Stock Value	[1]	77	77
Series A Preferred Stock
Permanent Equity
Preferred Stock Value	[1]
Series C Preferred Stock
Permanent Equity
Preferred Stock Value	[1]	8
Total Stockholders' Equity		$ 8

[1] The Company’s consolidated Total Assets and Total Liabilities as of June 30, 2021 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, 2020 include assets and liabilities of VIEs of $2.3 billion and $1.8 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 6 to the Consolidated Financial Statements for details