Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 310,194	$ 427,512
Restricted cash	23,942	3,462
Loan principal payments held by servicer	154,600	12,980
Loans receivable held-for-investment	6,407,305	6,131,825
Less: allowance for loan losses	(67,010)	(6,000)
Loans receivable held-for-investment, net	6,340,295	6,125,825	[1]
Interests in loans receivable held-for-investment, net	161,850	338,270
Real estate owned, net	406,887
Accrued interest receivable, net	25,990	35,668
Deferred financing costs	19,543	8,030
Other assets	11,970	796
Total assets	7,455,271	6,952,543
Liabilities and Stockholders' Equity
Repurchase agreements	3,489,511	2,685,203
Loan participations sold, net	167,744	516,484
Notes payable, net	48,000	303,515
Secured term loan, net	739,762	746,095
Debt related to real estate owned, net	289,806
Accounts payable, accrued expenses and other liabilities	46,215	5,164
Interest payable	8,242	10,180
Dividends payable - common stock, redeemable common stock and vested restricted stock units	51,741	50,000
Dividends payable - unvested restricted stock units		3,480
Management fee payable - affiliate	9,983	9,849
Incentive fee payable - affiliate	0	187
Total liabilities	4,851,004	4,330,157
Commitments and contingencies - Note 13
Redeemable common stock, $0.01 par value, 0 and 7,306,984 shares issued and outstanding at December 31, 2021 and 2020, respectively		141,356
Stockholders' Equity
Preferred stock, par value $0.01 per share and liquidation preference $1,000 per share, 10,000,000 shares authorized and 0 and 125 shares issued and outstanding, at December 31, 2021 and 2020, respectively		125
Common stock, $0.01 par value, 500,000,000 shares authorized, 140,055,714 and 125,541,736 shares issued and 139,840,088 and 125,541,736 shares outstanding at December 31, 2021 and 2020, respectively	1,400	1,255
Additional paid-in capital	2,729,792	2,491,836
Dividends declared	(825,659)	(573,677)
Treasury stock, at cost, 215,626 and 0 shares at December 31, 2021 and 2020, respectively	(3,602)
Retained earnings	664,700	526,205
Total Claros Mortgage Trust, Inc. equity	2,566,631	2,445,744
Non-controlling interests	37,636	35,286
Total stockholders' equity	2,604,267	2,481,030
Total liabilities, redeemable common stock and stockholders' equity	$ 7,455,271	$ 6,952,543

[1] Carrying value is presented net of loan loss reserves of $6.0 million.