CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Sep. 30, 2017	Dec. 31, 2016
ASSETS
Loans held-for-investment		$ 2,127,954	$ 1,364,291
Available-for-sale securities, at fair value		12,814	12,686
Held-to-maturity securities		43,390	48,252
Cash and cash equivalents		142,391	56,019
Restricted cash		2,331	260
Accrued interest receivable		5,786	3,745
Due from counterparties		20	249
Income taxes receivable		4	5
Accounts receivable		12,695	7,735
Deferred debt issuance costs		9,342	2,365
Total Assets	[1]	2,356,727	1,495,607
Liabilities
Repurchase agreements		1,475,264	451,167
Note payable to affiliate		27,458	593,632
Accrued interest payable		2,331	655
Unearned interest income		450	143
Other payables to affiliates		86	21,460
Dividends payable		13,835	0
Accrued expenses and other liabilities		5,529	559
Total Liabilities	[1]	1,524,953	1,067,616
10% cumulative redeemable preferred stock, par value $0.01 per share; 50,000,000 shares authorized and 1,000 and 0 shares issued and outstanding, respectively		1,000	0
Stockholders' Equity
Common stock, par value $0.01 per share; 450,000,000 shares authorized and 43,235,103 and 0 shares issued and outstanding, respectively		432	0
Additional paid-in capital		829,522	392,608
Accumulated other comprehensive income (loss)		16	(112)
Cumulative earnings		14,664	35,495
Cumulative distributions to stockholders		13,860	0
Total Stockholders’ Equity		830,774	427,991
Total Liabilities and Stockholders’ Equity		$ 2,356,727	$ 1,495,607

[1] The condensed consolidated balance sheets include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations of these VIEs. At September 30, 2017 and December 31, 2016, assets of the VIEs totaled $46,052 and $46,047, respectively. See Note 3 - Variable Interest Entities for additional information.