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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net interest income:        
Interest income from securities $ 4,366 $ 3,014 $ 6,785 $ 6,101
Interest income from commercial mortgage loans 6,438 3,676 10,449 7,268
Interest income from subordinate loans 18,238 11,498 32,968 22,953
Interest income from repurchase agreements 0 0 0 2
Interest expense (5,258) (955) (7,015) (2,024)
Net interest income 23,784 17,233 43,187 34,300
Operating expenses:        
General and administrative expenses (includes $362 and $788 of equity based compensation in 2014 and $428 and $1,311 in 2013, respectively) (1,479) (1,437) (2,921) (3,333)
Management fees to related party (2,966) (2,600) (5,531) (4,759)
Total operating expenses (4,445) (4,037) (8,452) (8,092)
Interest income from cash balances 4 16 4 16
Unrealized gain (loss) on securities 4,749 (1,421) 6,934 (2,500)
Foreign currency gain 959 0 959 0
Loss on derivative instruments (includes $1,093 and $1,093 of unrealized losses in 2014 and $57 and $130 of unrealized gains in 2013, respectively) (1,093) (2) (1,093) (3)
Net income 23,958 11,789 41,539 23,721
Preferred dividends (1,860) (1,860) (3,720) (3,720)
Net income available to common stockholders $ 22,098 $ 9,929 $ 37,819 $ 20,001
Basic and diluted net income per share of common stock (dollars per share) $ 0.51 $ 0.27 $ 0.94 $ 0.59
Basic weighted average shares of common stock outstanding (shares) 42,888,747 36,880,410 40,021,722 33,511,889
Diluted weighted average shares of common stock outstanding (shares) 43,099,354 37,373,885 40,236,109 33,946,329
Dividend declared per share of common stock (dollars per share) $ 0.40 $ 0.40 $ 0.8 $ 0.8