SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2018

The following table provides a reconciliation of cash, cash equivalents and restricted cash in the consolidated balance sheets to the total amount shown in the consolidated statements of cash flows ($ in thousands):



	As of
	June 30, 2018		June 30, 2017
Cash and cash equivalents	$	5,045	$	5,723
Restricted cash	379		379
Total cash, cash equivalents and restricted cash shown in the Company's consolidated statements of cash flows	$	5,424	$	6,102

Restrictions on Cash and Cash Equivalents



	As of
	June 30, 2018		June 30, 2017
Cash and cash equivalents	$	5,045	$	5,723
Restricted cash	379		379
Total cash, cash equivalents and restricted cash shown in the Company's consolidated statements of cash flows	$	5,424	$	6,102

Reconciliation of interest income from loan held for investment

A reconciliation of the Company's interest income from loans held for investment, excluding non-controlling interests, to the Company's interest income from loans held for investment as included within its consolidated statements of operations for the three and six months ended June 30, 2018 and 2017 is as follows ($ in thousands):



	For the three months ended June 30,				For the six months ended June 30,
	2018		2017		2018		2017
Interest income from loans held for investment, excluding non-controlling interests	$	29,604	$	22,643	$	57,040	$	43,735
Interest income from non-controlling interest investment held by third parties	—		—		—		35
Interest income from loans held for investment	$	29,604	$	22,643	$	57,040	$	43,770

Schedule of interest expense

For the three and six months ended June 30, 2018 and 2017, interest expense is comprised of the following ($ in thousands):



	For the three months ended June 30,				For the six months ended June 30,
	2018		2017		2018		2017
Secured funding agreements and securitizations debt	$	13,860	$	8,855	$	26,161	$	16,323
Secured term loan	2,108		3,377		4,106		6,697
Interest expense	$	15,968	$	12,232	$	30,267	$	23,020