Related Party Transactions and Arrangements (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of amount contractually due and forgiven in connection with operation related services

The table below shows the costs incurred due to arrangements with our Advisor and its affiliates during the three and six months ended June 30, 2021 and 2020 and the associated payable as of June 30, 2021 and December 31, 2020 (dollars in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,				Payable as of
	2021		2020		2021		2020		June 30, 2021		December 31, 2020
Acquisition expenses (1)	$	169	$	175	$	322	$	317	$	—	$	—
Administrative services expenses	3,078		2,940		6,552		7,052		3,078		2,940
Asset management and subordinated performance fee	6,001		3,738		11,417		7,650		8,657		4,773
Other related party expenses (2)(3)	7		89		36		670		956		1,812
Total related party fees and reimbursements	$	9,255	$	6,942	$	18,327	$	15,689	$	12,691	$	9,525

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(1) Total acquisition expenses paid during the three and six months ended June 30, 2021 were $2.0 million and $4.6 million respectively, of which $1.8 million and $4.3 million were capitalized within the commercial mortgage loans, held for investment and real estate securities, available for sale, measured at fair value lines of the consolidated balance sheets. Total acquisition expenses paid during the three and six months ended June 30, 2020 were $0.6 million and $2.8 million respectively, of which $0.4 million and $2.5 million were capitalized within the commercial mortgage loans, held for investment and real estate securities, available for sale, measured at fair value lines of the consolidated balance sheets.

(2) These are related to reimbursable costs incurred related to the increase in loan origination activities and are included in Other expenses in the Company's consolidated statements of operations.

(3) As of June 30, 2021 and December 31, 2020 the related party payables include $1.0 million and $1.8 million of payments made by the Advisor to third party vendors on behalf of the Company.