Other Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2018

Text Block [Abstract]

Summary of Components of Other Assets

The following table details the components of our other assets ($ in thousands):

	September 30, 2018		December 31, 2017
Debt securities held-to-maturity(1)	$	96,050	$	—
Accrued interest receivable		45,762		38,573
Collateral deposited under derivative agreements		7,360		4,120
Loan portfolio payments held by servicer(2)		3,902		54,759
Derivative assets		2,719		1,214
Prepaid expenses		151		798
Prepaid taxes		28		31
Other		—		80
Total	$	155,972	$	99,575

(1)	Represents a $99.0 million subordinate risk retention interest in the $1.0 billion 2018 Single Asset Securitization, with a yield to full maturity of L+10.0% and a maximum maturity date of June 9, 2025, assuming all extension options are exercised by the borrower. Refer to Note 15 for additional discussion.
(2)	Represents loan principal and interest payments held by our third-party loan servicer as of the balance sheet date which were remitted to us during the subsequent remittance cycle.

Summary of Components of Other Liabilities

The following table details the components of our other liabilities ($ in thousands):

	September 30, 2018		December 31, 2017
Accrued dividends payable	$	74,195	$	66,888
Accrued interest payable		23,701		14,162
Accrued management and incentive fees payable		18,368		14,284
Derivative liabilities		3,676		4,911
Accounts payable and other liabilities		3,426		2,125
Secured debt repayments pending servicer remittance(1)		—		38,456
Total	$	123,366	$	140,826

(1)   Represents pending transfers from our third-party loan servicer that were remitted to our banking counterparties during the subsequent remittance cycle.