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Loans and Investments (Details)
9 Months Ended 12 Months Ended
Sep. 30, 2017
USD ($)
item
borrower
loan
Dec. 31, 2016
USD ($)
borrower
loan
Jun. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Jun. 30, 2016
USD ($)
Dec. 31, 2015
USD ($)
Loans and Investments            
Loans and investments, gross $ 2,094,376,123 $ 1,790,159,966        
Allowance for loan losses (83,255,922) (83,711,575) $ (81,255,922) $ (83,816,575) $ (83,831,575) $ (86,761,575)
Unearned revenue (13,564,216) (10,716,040)        
Loans and investments, net $ 1,997,555,985 $ 1,695,732,351        
Percent of Total 100.00% 100.00%        
Loan Count | loan 149 144        
Wtd. Avg. Pay Rate (as a percent) 6.04% 5.71%        
Wtd. Avg. Remaining Months to Maturity 22 months 21 days 16 months 9 days        
Wtd. Avg. First Dollar LTV Ratio (as percent) 7.00% 6.00%        
Wtd. Avg. Last Dollar LTV Ratio (as percent) 74.00% 75.00%        
Credit risk individual ratings | item 5          
Higher-risk            
Loans and Investments            
Wtd. Avg. Last Dollar LTV Ratio (as percent) 94.00% 95.00%        
Carrying value of loans before loan loss reserves $ 147,500,000 $ 150,500,000        
Credit risk concentration | Minimum            
Loans and Investments            
Credit risk individual ratings | item 1          
Credit risk concentration | Maximum            
Loans and Investments            
Credit risk individual ratings | item 5          
Credit risk concentration | Pass            
Loans and Investments            
Credit risk individual ratings | item 1          
Credit risk concentration | Pass/watch            
Loans and Investments            
Percent of Total 100.00%          
Wtd. Avg. First Dollar LTV Ratio (as percent) 7.00%          
Wtd. Avg. Last Dollar LTV Ratio (as percent) 74.00%          
Credit risk individual ratings | item 2          
Credit risk concentration | Pass/watch | Multifamily            
Loans and Investments            
Percent of Total 75.00%          
Wtd. Avg. First Dollar LTV Ratio (as percent) 5.00%          
Wtd. Avg. Last Dollar LTV Ratio (as percent) 73.00%          
Credit risk concentration | Special mention            
Loans and Investments            
Percent of Total   100.00%        
Wtd. Avg. First Dollar LTV Ratio (as percent)   6.00%        
Wtd. Avg. Last Dollar LTV Ratio (as percent)   75.00%        
Credit risk individual ratings | item 3          
Credit risk concentration | Special mention | Multifamily            
Loans and Investments            
Percent of Total   79.00%        
Wtd. Avg. First Dollar LTV Ratio (as percent)   1.00%        
Wtd. Avg. Last Dollar LTV Ratio (as percent)   73.00%        
Credit risk concentration | Substandard            
Loans and Investments            
Credit risk individual ratings | item 4          
Credit risk concentration | Doubtful            
Loans and Investments            
Credit risk individual ratings | item 5          
Total assets | Credit risk concentration            
Loans and Investments            
Loan Count | loan 32 35        
Number of different borrowers | borrower 5 5        
Concentration risk, percentage 15.00% 16.00%        
Bridge loans            
Loans and Investments            
Loans and investments, gross $ 1,841,484,888 $ 1,602,658,179        
Percent of Total 88.00% 90.00%        
Loan Count | loan 129 120        
Wtd. Avg. Pay Rate (as a percent) 5.89% 5.59%        
Wtd. Avg. Remaining Months to Maturity 19 months 16 months 12 days        
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00% 0.00%        
Wtd. Avg. Last Dollar LTV Ratio (as percent) 72.00% 73.00%        
Carrying value of loans before loan loss reserves $ 4,800,000     $ 4,800,000    
Preferred equity investments            
Loans and Investments            
Loans and investments, gross $ 155,306,620 $ 68,120,639        
Percent of Total 7.00% 4.00%        
Loan Count | loan 11 10        
Wtd. Avg. Pay Rate (as a percent) 6.92% 6.83%        
Wtd. Avg. Remaining Months to Maturity 68 months 9 days 23 months 24 days        
Wtd. Avg. First Dollar LTV Ratio (as percent) 62.00% 42.00%        
Wtd. Avg. Last Dollar LTV Ratio (as percent) 88.00% 91.00%        
Carrying value of loans before loan loss reserves $ 34,800,000          
Mezzanine loans            
Loans and Investments            
Loans and investments, gross $ 72,328,033 $ 57,124,566        
Percent of Total 4.00% 3.00%        
Loan Count | loan 8 12        
Wtd. Avg. Pay Rate (as a percent) 10.24% 9.09%        
Wtd. Avg. Remaining Months to Maturity 26 months 27 days 17 months 27 days        
Wtd. Avg. First Dollar LTV Ratio (as percent) 29.00% 36.00%        
Wtd. Avg. Last Dollar LTV Ratio (as percent) 69.00% 75.00%        
Junior participation loans            
Loans and Investments            
Loans and investments, gross $ 25,256,582 $ 62,256,582        
Percent of Total 1.00% 3.00%        
Loan Count | loan 1 2        
Wtd. Avg. Pay Rate (as a percent)   4.50%        
Wtd. Avg. Remaining Months to Maturity 0 months 4 months        
Wtd. Avg. First Dollar LTV Ratio (as percent) 100.00% 83.00%        
Wtd. Avg. Last Dollar LTV Ratio (as percent) 100.00% 84.00%