Related Party Transactions and Arrangements (Tables)

12 Months Ended

Dec. 31, 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 years ended December 31, 2021, 2020 and 2019 and the associated payable as of December 31, 2021 and 2020 (dollars in thousands):


	Year Ended December 31,						Payable as of December 31,
	2021		2020		2019		2021		2020
Acquisition expenses (1)	$	1,203	$	696	$	900	$	—	$	—
Administrative services expenses	7,658		13,120		16,363		—		2,940
Asset management and subordinated performance fee	28,110		15,178		16,226		15,595		4,773
Other related party expenses (2)(3)	355		703		1,610		1,943		1,812
Total related party fees and reimbursements	$	37,326	$	29,697	$	35,099	$	17,538	$	9,525

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(1) Total acquisition fees and expenses paid during the years ended December 31, 2021, 2020 and 2019 were $15.0 million, $7.1 million and $8.4 million respectively, of which $13.8 million, $6.4 million and $7.5 million were capitalized within the commercial mortgage loans, held for investment line of the consolidated balance sheets for the years ended December 31, 2021, 2020 and 2019.

(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) The related party payable includes $1.9 million and $1.8 million, respectively, of payments made by the Advisor to third party vendors on behalf of the Company.