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Condensed Consolidated Statement of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net interest income:        
Interest income from securities $ 3,014 $ 3,230 $ 6,101 $ 8,552
Interest income from commercial mortgage loans 3,676 2,791 7,268 5,026
Interest income from subordinate loans 11,498 5,859 22,953 11,172
Interest income from repurchase agreements    2,000 2 3,559
Interest expense (955) (1,929) (2,024) (5,171)
Net interest income 17,233 11,951 34,300 23,138
Operating expenses:        
General and administrative expenses (includes $428 and $1,311 of equity based compensation in 2013 and $886 and $1,969 in 2012, respectively) (1,437) (2,762) (3,333) (4,798)
Management fees to related party (2,600) (1,292) (4,759) (2,581)
Total operating expenses (4,037) (4,054) (8,092) (7,379)
Interest income from cash balances 16    16 1
Realized gain on sale of securities          262
Unrealized gain (loss) on securities (1,421) 2,078 (2,500) 3,463
Loss on derivative instruments (includes $57 and $130 of unrealized gains in 2013 and $192 and $188 of unrealized gains in 2012, respectively) (2) (65) (3) (482)
Net income 11,789 9,910 23,721 19,003
Preferred dividends (1,860)    (3,720)   
Net income available to common stockholders $ 9,929 $ 9,910 $ 20,001 $ 19,003
Basic and diluted net income per share of common stock $ 0.27 $ 0.47 $ 0.59 $ 0.91
Basic and diluted weighted average shares of common stock outstanding 37,373,885 20,991,450 33,946,329 20,978,938
Dividend declared per share of common stock $ 0.40 $ 0.40 $ 0.80 $ 0.80