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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net interest income:        
Interest income from securities $ 8,293 $ 6,129 $ 24,846 $ 12,914
Interest income from securities, held to maturity 2,956 2,219 9,050 2,219
Interest income from commercial mortgage loans 15,184 8,025 37,246 18,475
Interest income from subordinate loans 25,445 18,983 65,206 51,951
Interest expense (13,187) (8,786) (36,287) (15,802)
Net interest income 38,691 26,570 100,061 69,757
Operating expenses:        
General and administrative expenses (includes $756 and $2,695 of equity based compensation in 2015 and $308 and $1,096 in 2014, respectively) (2,099) (1,434) (6,512) (4,355)
Management fees to related party (4,097) (3,193) (11,325) (8,725)
Total operating expenses (6,196) (4,627) (17,837) (13,080)
Income from unconsolidated joint venture 108 (88) 495 (88)
Other income 239 21 252 26
Realized loss on sale of securities 0 0 (443) 0
Unrealized gain (loss) on securities (6,926) (2,147) (5,792) 4,787
Foreign currency gain (loss) (2,165) (3,596) 3,424 (2,637)
Gain (loss) on derivative instruments 2,096 3,026 (4,144) 1,933
Net income 25,847 19,159 76,016 60,698
Preferred dividends (2,304) (1,860) (6,023) (5,580)
Net income available to common stockholders $ 23,543 $ 17,299 $ 69,993 $ 55,118
Basic and diluted net income per share of common stock (dollars per share) $ 0.39 $ 0.37 $ 1.24 $ 1.30
Basic weighted average shares of common stock outstanding (shares) 59,355,613 46,848,675 55,818,731 42,322,380
Diluted weighted average shares of common stock outstanding (shares) 59,934,008 47,068,929 56,415,082 42,538,744
Dividend declared per share of common stock (dollars per share) $ 0.44 $ 0.40 $ 1.32 $ 1.2