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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net interest income:        
Interest income from securities $ 6,129 $ 2,533 $ 12,914 $ 8,634
Interest income from securities, held to maturity 2,219 0 2,219 0
Interest income from commercial mortgage loans 8,025 4,954 18,475 12,222
Interest income from subordinate loans 18,983 12,184 51,951 35,137
Interest income from repurchase agreements 0 0 0 2
Interest expense (8,786) (885) (15,802) (2,909)
Net interest income 26,570 18,786 69,757 53,086
Operating expenses:        
General and administrative expenses (includes $308 and $1,096 of equity based compensation in 2014 and $784 and $2,095 in 2013, respectively) (1,434) (1,793) (4,355) (5,126)
Management fees to related party (3,193) (2,625) (8,725) (7,384)
Total operating expenses (4,627) (4,418) (13,080) (12,510)
Income from unconsolidated joint venture (88) 0 (88) 0
Interest income from cash balances 21 3 26 19
Unrealized gain (loss) on securities (2,147) (1,472) 4,787 (3,973)
Foreign currency gain (loss) (3,596) 0 (2,637) 0
Loss on derivative instruments (includes $3,026 and $1,933 of unrealized gains in 2014 and $25 and $155 of unrealized gains in 2013, respectively) 3,026 1 1,933 (1)
Net income 19,159 12,900 60,698 36,621
Preferred dividends (1,860) (1,859) (5,580) (5,580)
Net income available to common stockholders $ 17,299 $ 11,041 $ 55,118 $ 31,041
Basic and diluted net income per share of common stock (dollars per share) $ 0.37 $ 0.29 $ 1.30 $ 0.88
Basic weighted average shares of common stock outstanding (shares) 46,848,675 36,883,002 42,322,380 34,647,941
Diluted weighted average shares of common stock outstanding (shares) 47,068,929 37,379,469 42,538,744 35,103,285
Dividend declared per share of common stock (dollars per share) $ 0.40 $ 0.40 $ 1.2 $ 1.2