Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 235,596	$ 427,512
Restricted cash	24,236	3,462
Loans receivable held-for-investment	5,983,559	6,131,825
Less: allowance for loan losses	(59,213)	(6,000)
Loans receivable held-for-investment, net	5,924,346	6,125,825	[1]
Interests in loans receivable held-for-investment, net	436,721	338,270
Real estate owned, net	408,827
Accrued interest receivable, net	30,259	35,668
Deferred financing costs	18,398	8,030
Loan principal payments held by servicer	252,946	12,980
Other assets	20,944	796
Total assets	7,352,273	6,952,543
Liabilities and Stockholders' Equity
Repurchase agreements	3,094,832	2,685,203
Loan participations sold, net	524,518	516,484
Notes payable, net	47,921	303,515
Secured term loan, net	742,778	746,095
Debt related to real estate owned, net	289,784
Accounts payable and accrued expenses	32,740	2,481
Interest payable	8,673	10,180
Other liabilities	2,626	1,967
Dividends payable - common stock, redeemable common stock and vested restricted stock units	50,000	50,000
Dividends payable - unvested restricted stock units	3,192	3,480
Dividends payable - preferred stock	4
Deposits held	2,105	716
Management fee payable - affiliate	9,789	9,849
Incentive fee payable - affiliate	0	187
Total liabilities	4,808,962	4,330,157
Commitments and contingencies - Note 13
Redeemable common stock, $0.01 par value, 7,306,984 shares issued and outstanding at September 30, 2021 and December 31, 2020	137,234	141,356
Stockholders' Equity
Preferred stock, par value $0.01 per share and liquidation preference $1,000 per share, 10,000,000 shares authorized and 125 shares issued and outstanding, at September 30, 2021 and December 31, 2020, respectively	125	125
Common stock, $0.01 par value, 500,000,000 shares authorized, 126,126,503 and 125,541,736 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively	1,261	1,255
Additional paid-in capital	2,485,534	2,491,836
Dividends declared	(715,317)	(573,677)
Retained earnings	597,331	526,205
Total Claros Mortgage Trust, Inc. equity	2,368,934	2,445,744
Non-controlling interests	37,143	35,286
Total stockholders' equity	2,406,077	2,481,030
Total liabilities, redeemable common stock and stockholders' equity	$ 7,352,273	$ 6,952,543

[1] Carrying value is presented net of loan loss reserves of $6.0 million.