CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	6 Months Ended	12 Months Ended
Jun. 30, 2015	Dec. 31, 2014
Restricted cash	$ 76,252,399	$ 218,100,529
Loans and investments, net	1,468,566,061	1,459,475,650
Real estate owned, net	71,888,049	84,925,641
Due from related party	2,499,584	36,515
Other assets	47,343,262	45,716,002
Collateralized loan obligations	500,250,000	458,250,000
Collateralized debt obligations	79,262,601	331,395,126
Due to Borrowers.	36,694,858	32,972,606
Other liabilities	$ 48,463,621	$ 49,332,212
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)	53,613,283	53,128,075
Common stock, shares outstanding (in shares)	50,962,516	50,477,308
Treasury stock, shares (in shares)	2,650,767	2,650,767
8.25% Series A 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 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%	8.50%
Preferred stock, aggregate liquidation preference	$ 22,500,000	$ 22,500,000
Preferred stock, shares issued (in shares)	900,000	900,000
Preferred stock, shares outstanding (in shares)	900,000	900,000
Consolidated VIEs
Restricted cash	$ 75,112,146	$ 216,405,894
Loans and investments, net	718,010,449	968,600,472
Real estate owned, net	38,760,450	80,732,144
Due from related party	30,794	0
Other assets	11,920,558	14,949,956
Collateralized loan obligations	500,250,000	458,250,000
Collateralized debt obligations	79,262,601	331,395,126
Due to Borrowers.	960,164	0
Other liabilities	$ 1,572,454	$ 7,385,474

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.