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Condensed Consolidated Statement of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net interest income:    
Interest income from securities $ 3,087 $ 5,323
Interest income from commercial mortgage loans 3,592 2,234
Interest income from subordinate loans 11,454 5,313
Interest income from repurchase agreements 2 1,559
Interest expense (1,068) (3,242)
Net interest income 17,067 11,187
Operating expenses:    
General and administrative expenses (includes $883 and $1,083 of equity based compensation in 2013 and 2012, respectively) (1,895) (2,036)
Management fees to related party (2,160) (1,289)
Total operating expenses (4,055) (3,325)
Interest income from cash balances   1
Realized gain on sale of securities   262
Unrealized gain (loss) on securities (1,080) 1,385
Gain (loss) on derivative instruments (includes $72 and $(5) of unrealized gains (losses) in 2013 and 2012, respectively)   (417)
Net income 11,932 9,093
Preferred dividends (1,860)  
Net income available to common stockholders $ 10,072 $ 9,093
Basic and diluted net income per share of common stock $ 0.33 $ 0.43
Basic and diluted weighted average shares of common stock outstanding 30,105,939 20,966,426
Dividend declared per share of common stock $ 0.40 $ 0.40