| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net Income (Loss) Attributable to Parent | ||||||
4,841 | -1,608 | |||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Share based compensation | ||||||
344 | 430 | |||||
Amortization of deferred financing costs | ||||||
613 | 282 | |||||
Amortization of loan origination and exit fees | ||||||
1,697 | 296 | |||||
Changes in operating assets and liabilities: | ||||||
Accrued interest receivable | ||||||
488 | 344 | |||||
Prepaid expenses and other assets | ||||||
-169 | 131 | |||||
Accounts payable, accrued liabilities and deposits | ||||||
76 | 638 | |||||
Due to related persons | ||||||
131 | 620 | |||||
Net cash provided by operating activities | ||||||
3,727 | -1,649 | |||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Origination of loans held for investment | ||||||
149,802 | 135,548 | |||||
Additional funding of loans held for investment | ||||||
8,268 | 0 | |||||
Repayments of loans held for investment | ||||||
53,610 | 0 | |||||
Net cash used in investing activities | ||||||
-104,460 | -135,548 | |||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Proceeds from master repurchase facility | ||||||
127,266 | 72,582 | |||||
Repayments For Securities Sold Under Agreements To Repurchase | ||||||
34,312 | 0 | |||||
Proceeds from RMR credit agreement | ||||||
14,220 | 0 | |||||
Repayment of RMR credit agreement | ||||||
14,220 | 0 | |||||
Proceeds from note payable | ||||||
0 | 31,690 | |||||
Repayments of Notes Payable | ||||||
31,690 | 0 | |||||
Payments of deferred financing costs | ||||||
359 | 1,378 | |||||
Proceeds from issuance of common shares, net | ||||||
26,074 | 0 | |||||
Repurchase of common shares | ||||||
39 | 28 | |||||
Distributions | ||||||
4,667 | 0 | |||||
Net cash provided by financing activities | ||||||
82,273 | 102,866 | |||||
Increase (decrease) in cash, cash equivalents and restricted cash | ||||||
-18,460 | -34,331 | |||||
SUPPLEMENTAL DISCLOSURES: | ||||||
Interest paid | ||||||
6,269 | 1,024 | |||||