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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net interest income:    
Interest income from securities $ 8,049 $ 8,287
Interest income from securities, held to maturity 2,896 3,045
Interest income from commercial mortgage loans 21,127 10,094
Interest income from subordinate loans 29,375 18,610
Interest expense (14,642) (11,482)
Net interest income 46,805 28,554
Operating expenses:    
General and administrative expenses (includes $1,668 and $1,117 of equity based compensation in 2016 and 2015, respectively) (8,185) (2,355)
Management fees to related party (5,229) (3,341)
Total operating expenses (13,414) (5,696)
Income from unconsolidated joint venture 68 0
Other income 2 11
Realized loss on sale of securities 0 (443)
Unrealized gain (loss) on securities (15,074) 3,409
Foreign currency gain (loss) (4,474) (3,944)
Gain (loss) on derivative instruments (includes unrealized gains (losses) of $(1,380) and $(3,044) in 2016 and 2015, respectively) 4,703 3,622
Net income 18,616 25,513
Preferred dividends (5,815) (1,860)
Net income available to common stockholders $ 12,801 $ 23,653
Basic and diluted net income per share of common stock (dollars per share) $ 0.18 $ 0.47
Basic weighted average shares of common stock outstanding (shares) 67,385,191 49,563,822
Diluted weighted average shares of common stock outstanding (shares) 68,327,718 50,171,687
Dividend declared per share of common stock (dollars per share) $ 0.46 $ 0.44