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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows provided by operating activities:    
Net income $ 98,849,000 $ 76,016,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Premium amortization and (discount accretion) on assets, net (7,443,000) (7,782,000)
Amortization of deferred financing costs 3,199,000 2,219,000
Equity-based compensation 2,808,000 2,573,000
Unrealized (gain) loss on securities 36,601,000 5,916,000
Provision for loan losses 15,000,000 0
Income from unconsolidated joint venture (207,000) (511,000)
Foreign currency (gain) loss 21,122,000 1,703,000
Realized (gain) loss on derivative instruments (21,100,000) 0
Unrealized (gain) loss on derivative instruments (1,731,000) 4,151,000
Realized (gain) loss on sale of security 225,000 443,000
Bargain purchase gain (40,021,000) 0
Changes in operating assets and liabilities:    
Accrued interest receivable, less purchased interest (17,638,000) (20,711,000)
Other assets (121,000) 396,000
Accounts payable and accrued expenses (10,410,000) (3,202,000)
Payable to related party 606,000 860,000
Net cash provided by operating activities 79,739,000 62,071,000
Cash flows used in investing activities:    
Funding of commercial mortgage loans (541,582,000) (483,090,000)
Funding of subordinate loans (51,001,000) (483,480,000)
Funding of unconsolidated joint venture (362,000) (3,929,000)
Funding of other assets 0 (8,000)
Funding of derivative instruments 0 (327,000)
Proceeds on settlements of derivative instruments 21,100,000 0
Increase in collateral held related to derivative contracts 13,110,000 0
Increase in restricted cash related to financing activities (32,197,000) 0
Proceeds from sale of securities available-for-sale 0 17,291,000
Proceeds from sale of securities at estimated fair value 86,451,000 6,338,000
Proceeds from sale of investment in unconsolidated joint venture 0 20,794,000
Principal payments received on securities at estimated fair value 22,424,000 32,000
Principal payments received on securities, held-to-maturity 5,970,000 1,000,000
Principal payments received on commercial mortgage loans 118,120,000 41,479,000
Principal payments received on subordinate loans 81,524,000 146,775,000
Principal payments received on other assets 107,000 167,000
Net cash used in investing activities 1,387,570,000 (736,958,000)
Cash flows from financing activities:    
Proceeds from issuance of common stock 0 343,430,000
Payment of offering costs (45,000) (956,000)
Proceeds from repurchase agreement borrowings 448,177,000 553,214,000
Repayments of repurchase agreement borrowings (352,914,000) (439,971,000)
Proceeds from participations sold 0 30,484,000
Repayments of participations sold (3,770,000) (733,000)
Payment of deferred financing costs (3,741,000) (2,900,000)
Dividends on common stock (94,625,000) (71,135,000)
Dividends on preferred stock (18,646,000) (5,580,000)
Net cash provided by financing activities (1,280,081,000) 405,853,000
Net decrease in cash and cash equivalents 187,228,000 (20,483,000)
Cash and cash equivalents, beginning of period 67,415,000 40,641,000
Cash and cash equivalents, end of period 254,643,000 20,158,000
Supplemental disclosure of cash flow information:    
Interest paid 47,093,000 36,563,000
Supplemental disclosure of non-cash investing and financing activities:    
Dividend declared, not yet paid 46,028,000 32,060,000
Offering costs payable 220,000 325,000
Apollo Residential Mortgage, Inc. [Member]    
Cash flows used in investing activities:    
Proceeds from sale of AMTG assets, net 1,474,111,000 0
ARI investment in AMTG, net of cash acquired 189,795,000 0
Cash flows from financing activities:    
Repayments of repurchase agreement borrowings (1,254,517,000) 0
Apollo Residential Mortgage, Inc. [Member]    
Supplemental disclosure of non-cash investing and financing activities:    
Fair value of assets acquired from AMTG 0 1,936,000
Fair value of liabilities assumed from AMTG 0 (1,285,000)
Fair value of common stock issued to AMTG 0 218,000
Fair value of common stock issued to AMTG $ 0 $ 173,000