CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	9 Months Ended	12 Months Ended
Sep. 30, 2014	Dec. 31, 2013
Restricted cash	$ 143,848,917	$ 54,962,316
Loans and investments, net	1,526,641,987	1,523,699,653
Real estate owned, net	90,738,137	111,718,177
Due from related party	628,320	98,058
Other assets	48,441,712	54,083,143
Collateralized debt obligations	371,733,279	639,622,981
Collateralized loan obligations	545,750,000	264,500,000
Other liabilities	53,100,605	60,842,515
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	53,128,075	51,787,075
Common stock, shares outstanding (in shares)	50,477,308	49,136,308
Treasury stock, shares (in shares)	2,650,767	2,650,767
8.25% Series A cumulative redeemable preferred stock
Preferred stock, dividend rate (as a percent)	8.25%	8.25%
Preferred stock, aggregate liquidation preference	38,787,500	38,787,500
Preferred stock, shares issued (in shares)	1,551,500	1,551,500
Preferred stock, shares outstanding (in shares)	1,551,500	1,551,500
7.75% Series B cumulative redeemable preferred stock
Preferred stock, dividend rate (as a percent)	7.75%	7.75%
Preferred stock, aggregate liquidation preference	31,500,000	31,500,000
Preferred stock, shares issued (in shares)	1,260,000	1,260,000
Preferred stock, shares outstanding (in shares)	1,260,000	1,260,000
8.50% Series C preferred stock
Preferred stock, dividend rate (as a percent)	8.50%
Preferred stock, aggregate liquidation preference	22,500,000
Preferred stock, shares issued (in shares)	900,000	0
Preferred stock, shares outstanding (in shares)	900,000	0
Consolidated VIEs
Restricted cash	142,343,488	54,051,439
Loans and investments, net	1,210,637,703	1,196,434,032
Real estate owned, net	80,787,215	80,787,215
Due from related party	0	91,988
Other assets	17,311,015	19,861,310
Collateralized debt obligations	371,733,279	639,622,981
Collateralized loan obligations	545,750,000	264,500,000
Other liabilities	$ 8,993,416	$ 13,944,737

Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized loan obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower.

No definition available.