Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	[1]	$ 355,994	$ 260,635
Restricted cash	[1]	789	404
Accounts receivable	[1]	112	12
Collateralized loan obligation proceeds held at trustee	[1]	130,908	204
Accounts receivable from servicer/trustee	[1]	259,823	176
Accrued interest and fees receivable	[1]	28,676	26,620
Loans held for investment	[1]	4,701,410	4,909,202
Allowance for credit losses	[1]	(84,156)	(41,999)
Loans held for investment, net	[1]	4,617,254	4,867,203
Real estate owned	[1]	0	60,622
Other assets	[1]	1,533	2,144
Total assets	[1]	5,395,089	5,218,020
Liabilities
Accrued interest payable	[1]	4,300	2,723
Accrued expenses and other liabilities	[1]	17,723	11,563
Collateralized loan obligations, net	[1]	2,639,314	2,545,691
Secured financing agreements, net	[1]	1,137,416	1,162,206
Asset-specific financings, net	[1]	123,579	0
Payable to affiliates	[1]	11,039	5,609
Deferred revenue	[1]	1,064	1,366
Dividends payable	[1]	18,726	24,156
Total liabilities	[1]	3,953,161	3,753,314
Commitments and contingencies - see Note 14	[1]
Permanent equity
Common stock ($0.001 par value per share; 302,500,000 and 302,500,000 shares authorized, respectively; 77,403,381 and 77,183,892 shares issued and outstanding, respectively)	[1]	77	77
Additional paid-in-capital	[1]	1,714,480	1,711,886
Accumulated deficit	[1]	(272,637)	(247,265)
Total stockholders' equity	[1]	1,441,928	1,464,706
Total permanent equity	[1]	1,441,928	1,464,706
Total liabilities and stockholders' equity	[1]	5,395,089	5,218,020
Series A Preferred Stock
Permanent equity
Preferred Stock Value	[1]	0	0
Series C Preferred Stock
Permanent equity
Preferred Stock Value	[1]	$ 8	$ 8

[1] The Company’s consolidated Total Assets and Total Liabilities as of June 30, 2022 include assets and liabilities of variable interest entities (“VIEs”) of $3.2 billion and $2.6 billion, respectively. The Company’s consolidated Total Assets and Total Liabilities as of December 31, 2021 include assets and liabilities of VIEs of $3.2 billion and $2.6 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 5 to the Consolidated Financial Statements for details.