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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net interest income:    
Interest income from securities $ 3,256 $ 8,049
Interest income from securities, held to maturity 2,798 2,896
Interest income from commercial mortgage loans 34,398 21,127
Interest income from subordinate loans 34,390 29,375
Interest expense (17,030) (14,642)
Net interest income 57,812 46,805
Operating expenses:    
General and administrative expenses (includes $3,791 and $1,668 of equity based compensation in 2017 and 2016, respectively) (5,758) (8,185)
Management fees to related party (7,432) (5,229)
Total operating expenses (13,190) (13,414)
Income from unconsolidated joint venture 458 68
Interest income from cash balances 108 2
Realized loss on sale of assets (1,042) 0
Unrealized gain (loss) on securities 2,852 (15,074)
Foreign currency gain (loss) 3,172 (4,474)
Gain (loss) on derivative instruments (includes unrealized gains(losses) of ($2,889) in 2017 and $(1,380) in 2016, respectively) (3,045) 4,703
Net income 47,125 18,616
Preferred dividends (9,310) (5,815)
Net income available to common stockholders $ 37,815 $ 12,801
Basic and diluted net income per share (in dollars per share) $ 0.41 $ 0.18
Basic weighted average shares of common stock outstanding (shares) 91,612,447 67,385,191
Diluted weighted average shares of common stock outstanding (shares) 92,998,250 68,327,718
Dividend declared per share of common stock (dollars per share) $ 0.46 $ 0.46