Consolidated Balance Sheets (Parenthetical) (unaudited) - USD ($) $ in Thousands		Jun. 30, 2021	Dec. 31, 2020
Common stock, par value		$ 0.001	$ 0.001
Common stock, authorized shares		302,500,000	302,500,000
Common stock, shares issued		77,089,125	76,787,006
Common stock, shares outstanding		77,089,125	76,787,006
Total assets	[1]	$ 5,202,996	$ 4,908,743
Total liabilities	[1]	3,765,805	3,442,292
Variable Interest Entity, Primary Beneficiary
Total assets		3,432,790	2,278,930
Total liabilities		$ 2,824,987	$ 1,841,526
Series B Cumulative Redeemable Preferred Stock
Temporary equity, par value		$ 0.001	$ 0.001
Temporary equity, shares authorized		0	13,000,000
Temporary equity, shares issued		0	9,000,000
Temporary equity, shares outstanding		0	9,000,000
Series A Preferred Stock
Preferred stock, par value		$ 0.001	$ 0.001
Preferred stock, authorized shares		100,000,000	100,000,000
Preferred stock, shares issued		125	125
Preferred stock, shares outstanding		125	125
Preferred stock, aggregate liquidation preference		$ 1
Series C Preferred Stock
Preferred stock, par value		$ 0.001	$ 0.001
Preferred stock, authorized shares		8,050,000	8,050,000
Preferred stock, shares issued		8,050,000	0
Preferred stock, shares outstanding		8,050,000	0
Preferred stock, aggregate liquidation preference		$ 201,250
Repurchase Agreements
Loans pledged as collateral		1,354,085	$ 2,259,467
Deferred financing costs		4,571	8,831
Mortgages
Deferred financing costs		712	853
Collateralized Loan Obligation
Loans pledged as collateral		3,361,570	2,230,276
Deferred financing costs		$ 14,654	$ 9,192

[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