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Condensed Consolidated Statement of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net interest income:    
Interest income from securities $ 2,419 $ 3,087
Interest income from commercial mortgage loans 4,011 3,592
Interest income from subordinate loans 14,730 11,454
Interest income from repurchase agreements 0 2
Interest expense (1,757) (1,068)
Net interest income 19,403 17,067
Operating expenses:    
General and administrative expenses (includes $426 and $883 of equity based compensation in 2014 and 2013, respectively) (1,442) (1,895)
Management fees to related party (2,565) (2,160)
Total operating expenses (4,007) (4,055)
Unrealized gain (loss) on securities 2,184 (1,080)
Loss on derivative instruments (includes $72 of unrealized gains in 2013) 0 0
Net income 17,580 11,932
Preferred dividends (1,860) (1,860)
Net income available to common stockholders $ 15,720 $ 10,072
Basic and diluted net income per share of common stock $ 0.42 $ 0.33
Basic weighted average shares of common stock outstanding 37,122,842 30,105,939
Diluted weighted average shares of common stock outstanding 37,341,050 30,480,689
Dividend declared per share of common stock $ 0.40 $ 0.40