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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net interest income:        
Interest income from securities $ 7,607 $ 8,265 $ 15,656 $ 16,553
Interest income from securities, held to maturity 2,826 3,349 5,722 6,394
Interest income from commercial mortgage loans 24,140 11,968 45,267 22,061
Interest income from subordinate loans 28,067 21,152 57,442 39,762
Interest expense (15,722) (11,917) (30,364) (23,399)
Net interest income 46,918 32,817 93,723 61,371
Operating expenses:        
General and administrative expenses (includes $1,938 and $3,606 of equity based compensation in 2016 and $821 and $1,939 in 2015, respectively) (4,922) (2,059) (13,104) (4,414)
Management fees to related party (5,242) (3,887) (10,471) (7,228)
Total operating expenses (10,164) (5,946) (23,575) (11,642)
Income from unconsolidated joint venture 59 384 127 384
Other income 22 6 25 16
Provision for loan losses (15,000) 0 (15,000) 0
Realized loss on sale of securities 0 0 0 (443)
Unrealized gain (loss) on securities (11,728) (2,273) (26,802) 1,136
Foreign currency gain (loss) (13,082) 2,867 (17,557) 5,588
Gain (loss) on derivative instruments (includes unrealized gains(losses) of $13,408 and $12,026 in 2016 and $(3,197) and $(6,241) in 2015, respectively) 13,313 (3,197) 18,015 (6,241)
Net income 10,338 24,658 28,956 50,169
Preferred dividends (5,860) (1,860) (11,675) (3,720)
Net income available to common stockholders $ 4,478 $ 22,798 $ 17,281 $ 46,449
Basic and diluted net income per share of common stock (dollars per share) $ 0.06 $ 0.39 $ 0.24 $ 0.85
Basic weighted average shares of common stock outstanding (shares) 67,402,311 58,429,155 67,393,751 54,020,978
Diluted weighted average shares of common stock outstanding (shares) 68,374,557 59,022,217 68,351,137 54,621,401
Dividend declared per share of common stock (dollars per share) $ 0.46 $ 0.44 $ 0.92 $ 0.88