Restricted Cash, Other Assets and Accrued and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Restricted Cash

The following table presents a summary of restricted cash as of December 31, 2020 and December 31, 2019 (dollars in thousands):

	December 31, 2020		December 31, 2019
Restricted cash:
Borrower escrow deposits	$	36,973	$	74,496
Real estate escrow reserves	13,807		18,020
Capital expenditure reserves	6,949		8,882
Tenant lockboxes	4,633		933
Working capital and other reserves	2,561		4,198
Margin pledged as collateral	290		19,536
Total	$	65,213	$	126,065

Summary of Other Assets

The following table presents a summary of other assets as of December 31, 2020 and December 31, 2019 (dollars in thousands):

	December 31, 2020		December 31, 2019
Other assets:
Prepaid taxes, tax receivable and deferred tax assets	$	26,294	$	21,989
Right-of-use lease asset	22,056		25,480
Deferred financing costs, net - credit facilities	6,440		8,382
Prepaid expenses	4,272		5,311
Investment deposits and pending deal costs	801		20,779
Other assets	651		1,644
Derivative asset	386		4,122
Total	$	60,900	$	87,707

Summary of Other Liabilities

The following table presents a summary of accrued and other liabilities as of December 31, 2020 and December 31, 2019 (dollars in thousands):

	December 31, 2020		December 31, 2019
Accrued and other liabilities:
Current and deferred tax liability	$	32,569	$	31,510
Operating lease liability	22,186		25,495
Accounts payable, accrued expenses and other liabilities	15,083		28,278
Interest payable	14,970		16,259
Prepaid rent and unearned revenue	9,082		16,744
Tenant security deposits	1,338		3,005
Unfunded CECL loan allowance	1,313		—
Derivative liability	37		19,133
Total	$	96,578	$	140,424