CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 74,776	$ 5,256
Restricted cash	0	379
Loans held for investment ($550,590 and $515,896 related to consolidated VIEs, respectively)	1,815,219	1,682,498
Current expected credit loss reserve	(23,604)	0
Loans held for investment, net of current expected credit loss reserve	1,791,615	1,682,498
Real estate owned, net	37,283	37,901
Other assets ($1,079 and $1,309 of interest receivable related to consolidated VIEs, respectively; $6,410 and $41,104 of other receivables related to consolidated VIEs, respectively)	25,823	58,100
Total assets	1,929,497	1,784,134
LIABILITIES
Secured funding agreements	755,552	728,589
Notes payable	61,837	54,708
Secured term loan	110,000	109,149
Collateralized loan obligation securitization debt (consolidated VIE)	443,871	443,177
Secured borrowings	59,790	0
Due to affiliate	3,150	2,761
Dividends payable	11,124	9,546
Other liabilities ($391 and $718 of interest payable related to consolidated VIEs, respectively)	11,158	9,865
Total liabilities	1,456,482	1,357,795
Commitments and contingencies (Note 8)
STOCKHOLDERS' EQUITY
Common stock, par value $0.01 per share, 450,000,000 shares authorized at December 31, 2020 and December 31, 2019 and 33,442,332 and 28,865,610 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively	329	283
Additional paid-in capital	497,803	423,619
Accumulated earnings (deficit)	(25,117)	2,437
Total stockholders' equity	473,015	426,339
Total liabilities and stockholders' equity	$ 1,929,497	$ 1,784,134