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Other Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2018
Text Block [Abstract]  
Summary of Components of Other Assets

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

 

     December 31,
2018		      December 31,
2017		  

Debt securities held-to-maturity(1)

    $       96,167      $ —    

Accrued interest receivable

      56,679        38,573  

Derivative assets

      9,916        1,214  

Loan portfolio payments held by servicer(2)

      6,133        54,759  

Prepaid expenses

      647        798  

Prepaid taxes

      6        31  

Collateral deposited under derivative agreements

      —          4,120  

Other

      965        80  
  

 

 

     

 

 

  

Total

    $ 170,513      $       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 16 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):

 

     December 31,
2018		      December 31,
2017		  

Accrued dividends payable

    $ 76,530      $ 66,888  

Accrued interest payable

      25,588        14,162  

Accrued management and incentive fees payable

      18,586        14,284  

Accounts payable and other liabilities

      4,583        2,125  

Derivative liabilities

      2,925        4,911  

Secured debt repayments pending servicer remittance(1)

      —          38,456  
  

 

 

     

 

 

  

Total

    $       128,212      $       140,826  
  

 

 

     

 

 

  

 

  (1)

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