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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets:    
Cash $ 20,096 $ 108,619
Restricted cash 30,127 0
Securities available-for-sale, at estimated fair value 33,362 67,079
Securities, at estimated fair value 158,086 211,809
Repurchase agreements, held for investment 0 6,598
Interest receivable 6,022 4,277
Deferred financing costs, net 628 678
Other assets 600 203
Total Assets 907,504 788,430
Liabilities:    
Borrowings under repurchase agreements 202,033 225,158
Derivative instruments, net 0 155
Accounts payable and accrued expenses 2,660 1,265
Payable to related party 2,628 2,037
Dividends payable 17,227 12,891
Total Liabilities 224,548 241,506
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 35
Common stock, $0.01 par value, 450,000,000 shares authorized, 36,888,467 and 28,044,106 shares issued and outstanding in 2013 and 2012, respectively 369 280
Additional paid-in-capital 697,610 546,065
Retained earnings (accumulated deficit) (14,188) 574
Accumulated other comprehensive income (loss) (870) (30)
Total Stockholders’ Equity 682,956 546,924
Total Liabilities and Stockholders’ Equity 907,504 788,430
Commercial mortgage loans [Member]
    
Assets:    
Loans, held for investment 161,099 142,921
Subordinate Loans [Member]
    
Assets:    
Loans, held for investment $ 497,484 $ 246,246