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Condensed Consolidated Statement of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net interest income:        
Interest income from securities $ 2,533 $ 3,674 $ 8,634 $ 12,227
Interest income from commercial mortgage loans 4,954 2,825 12,222 7,851
Interest income from subordinate loans 12,184 6,144 35,137 17,316
Interest income from repurchase agreements    2,361 2 5,920
Interest expense (885) (1,768) (2,909) (6,939)
Net interest income 18,786 13,236 53,086 36,375
Operating expenses:        
General and administrative expenses (includes $784 and $2,095 of equity based compensation in 2013 and $1,276 and $3,244 in 2012, respectively) (1,793) (2,430) (5,126) (7,229)
Management fees to related party (2,625) (1,518) (7,384) (4,099)
Total operating expenses (4,418) (3,948) (12,510) (11,328)
Interest income from cash balances 3    19 1
Realized gain on sale of securities          262
Unrealized gain (loss) on securities (1,472) 3,010 (3,973) 6,473
Loss on derivative instruments (includes $25 and $155 of unrealized gains in 2013 and $40 and $228 of unrealized gains in 2012, respectively) 1 (87) (1) (569)
Net income 12,900 12,211 36,621 31,214
Preferred dividends (1,859) (1,219) (5,580) (1,219)
Net income available to common stockholders $ 11,041 $ 10,992 $ 31,041 $ 29,995
Basic and diluted net income per share of common stock $ 0.29 $ 0.52 $ 0.88 $ 1.43
Basic weighted average shares of common stock outstanding 36,883,002 20,571,478 34,647,941 20,567,772
Diluted weighted average shares of common stock outstanding 37,379,469 20,992,312 35,103,285 20,983,429
Dividend declared per share of common stock $ 0.40 $ 0.40 $ 1.20 $ 1.20