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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Assets:    
Cash $ 108,619 $ 21,568
Securities available-for-sale, at estimated fair value 67,079 302,543
Securities, at estimated fair value 211,809 251,452
Commercial mortgage loans, held for investment 142,921 109,006
Subordinate loans, held for investment 246,246 149,086
Repurchase agreements, held for investment 6,598 47,439
Principal and interest receivable 4,277 8,075
Deferred financing costs, net 678 2,044
Other assets 203 17
Total Assets 788,430 891,230
Liabilities:    
Borrowings under repurchase agreements 225,158 290,700
TALF borrowings    251,327
Derivative instruments, net 155 478
Accounts payable and accrued expenses 1,265 1,746
Payable to related party 2,037 1,298
Dividends payable 12,891 8,703
Total Liabilities 241,506 554,252
Commitments and Contingencies (see Note 13)      
Stockholders' Equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized and 3,450,000 shares issued and outstanding in 2012 35  
Common stock, $0.01 par value, 450,000,000 shares authorized, 28,044,106 and 20,561,032 shares issued and outstanding in 2012 and 2011, respectively 280 206
Additional paid-in-capital 546,065 336,209
Retained earnings 574  
Accumulated other comprehensive income (loss) (30) 563
Total Stockholders' Equity 546,924 336,978
Total Liabilities and Stockholders' Equity $ 788,430 $ 891,230