TPG RE Finance Trust, Inc. is a commercial real estate finance company that originates and acquires commercial real estate-related assets in the United States. It directly originates and selectively acquires first mortgage loans secured by commercial real estate properties, and invests in other commercial real estate-related debt instruments such as subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments. The company qualifies as a real estate investment trust for federal income tax purposes and generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Incorporated in 2014, it is based in New York, New York.