Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Investment in mortgage loans, held for investment:
Commercial mortgage loans, mezzanine loans, and preferred equity interests	$ 1,047,284	$ 1,270,607
Allowance for loan losses	(13,732)	(14,883)
Investments in real estate, net of accumulated depreciation	235,148	245,904
Cash and cash equivalents	84,483	53,380
Restricted cash	152,962	157,914
Accrued interest receivable	29,347	29,664
Other assets	25,268	43,871
Intangible assets, net of accumulated amortization of $7,258 and $6,831, respectively	4,949	5,376
Total assets	1,604,103	1,791,833
Liabilities and Equity
Indebtedness, net of unamortized discounts, premiums and deferred financing costs of $26,205 and $29,465 respectively (including $951,243 and $1,038,864 held by consolidated VIEs, respectively)	1,272,006	1,390,188
Accrued interest payable	5,735	4,688
Accounts payable and accrued expenses	8,211	9,641
Borrowers' escrows	91,583	117,070
Deferred taxes and other liabilities	6,350	12,116
Total liabilities	1,383,885	1,533,703
Series D cumulative redeemable preferred shares, $0.01 par value per share, 4,000,000 shares authorized, 2,939,190 and 3,133,720 shares issued and outstanding, respectively	73,480	78,343
Shareholders’ equity:
Common shares, $0.03 par value per share, 200,000,000 shares authorized 92,576,726 and 93,045,152 issued and outstanding, respectively, including 619,328 and 1,246,484 unvested restricted common share awards, respectively	2,777	2,791
Additional paid in capital	2,097,447	2,094,804
Accumulated other comprehensive income (loss)	10,523
Retained earnings (deficit)	(1,964,228)	(1,921,533)
Total shareholders’ equity	146,612	176,155
Noncontrolling interests	126	3,632
Total equity	146,738	179,787
Total liabilities and equity	1,604,103	1,791,833
Held For Investment
Investment in mortgage loans, held for investment:
Investment in mortgage loans	1,033,552	1,255,724
Held For Sale
Investment in mortgage loans, held for investment:
Investment in mortgage loans	38,394
7.75% Series A Cumulative Redeemable Preferred Stock
Shareholders’ equity:
Preferred shares, $0.01 par value per share	53	53
Total equity	53	53
8.375% Series B Cumulative Redeemable Preferred Stock
Shareholders’ equity:
Preferred shares, $0.01 par value per share	23	23
Total equity	23	23
8.875% Series C Cumulative Redeemable Preferred Stock
Shareholders’ equity:
Preferred shares, $0.01 par value per share	17	17
Total equity	17	17
Series E Cumulative Redeemable Preferred Stock
Shareholders’ equity:
Preferred shares, $0.01 par value per share