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Summarized Quarterly Results (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Results (Unaudited)
Summarized Quarterly Results (Unaudited)
 
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Net interest income:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income from securities
$
8,287

 
$
2,419

 
$
8,265

 
$
4,366

 
$
8,293

 
$
6,129

 
$
8,343

 
$
8,275

Interest income from securities, held-to-maturity
3,045

 

 
3,349

 

 
2,956

 
1,448

 
2,704

 
3,165

Interest income from commercial mortgage loans
10,094

 
4,011

 
11,968

 
6,438

 
15,184

 
8,025

 
18,846

 
9,328

Interest income from subordinate loans
18,610

 
14,730

 
21,152

 
18,238

 
25,445

 
19,754

 
25,623

 
17,021

Interest expense
(11,482
)
 
(1,757
)
 
(11,917
)
 
(5,258
)
 
(13,187
)
 
(8,786
)
 
(12,275
)
 
(10,740
)
Net interest income
28,554

 
19,403

 
32,817

 
23,784

 
38,691

 
26,570

 
43,241

 
27,049

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
General and administrative expenses
(2,355
)
 
(1,442
)
 
(2,059
)
 
(1,479
)
 
(2,099
)
 
(1,434
)
 
(2,979
)
 
(1,796
)
Management fees to related party
(3,341
)
 
(2,565
)
 
(3,887
)
 
(2,966
)
 
(4,097
)
 
(3,193
)
 
(5,294
)
 
(3,236
)
Total operating expenses
(5,696
)
 
(4,007
)
 
(5,946
)
 
(4,445
)
 
(6,196
)
 
(4,627
)
 
(8,273
)
 
(5,032
)
Income from unconsolidated joint venture

 

 
384

 

 
108

 
(88
)
 
2,972

 
(69
)
Other income
11

 

 
6

 
4

 
239

 
21

 
983

 
9

Realized loss on sale of securities
(443
)
 

 

 

 

 

 

 

Unrealized gain (loss) on securities
3,409

 
2,184

 
(2,273
)
 
4,749

 
(6,926
)
 
(2,147
)
 
(11,618
)
 
(639
)
Foreign currency gain (loss)
(3,944
)
 

 
6,169

 
959

 
(3,998
)
 
(3,596
)
 
(3,121
)
 
(1,413
)
Gain (loss) on derivative instruments
3,622

 

 
(6,499
)
 
(1,093
)
 
3,929

 
3,026

 
3,054

 
2,137

Net income
25,513

 
17,580

 
24,658

 
23,958

 
25,847

 
19,159

 
27,238

 
22,042

Preferred dividends
(1,860
)
 
(1,860
)
 
(1,860
)
 
(1,860
)
 
(2,304
)
 
(1,860
)
 
(5,860
)
 
(1,860
)
Net income available to common stockholders
$
23,653

 
$
15,720

 
$
22,798

 
$
22,098

 
23,543

 
$
17,299

 
$
21,378

 
$
20,182

Basic and diluted net income per share of common stock
$
0.47

 
$
0.42

 
$
0.39

 
$
0.51

 
$
0.39

 
$
0.37

 
$
0.32

 
$
0.43

Basic weighted average shares of common stock outstanding
49,563,822

 
37,122,842

 
58,429,155

 
42,888,747

 
59,355,613

 
46,848,675

 
67,146,882

 
46,852,646

Diluted weighted average shares of common stock outstanding
50,171,687

 
37,341,050

 
59,022,217

 
43,099,354

 
59,934,008

 
47,068,929

 
67,754,673

 
47,085,617

Dividend declared per share of common stock
$
0.44

 
$
0.40

 
$
0.44

 
$
0.40

 
$
0.44

 
$
0.40

 
$
0.46

 
$
0.40