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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net interest income:        
Interest income from securities $ 2,625 $ 8,029 $ 9,247 $ 23,685
Interest income from securities, held to maturity 0 2,875 4,132 8,597
Interest income from commercial mortgage loans 41,203 27,460 112,690 72,727
Interest income from subordinate loans 47,268 32,207 121,298 89,649
Interest expense (19,855) (17,256) (56,089) (47,620)
Net interest income 71,241 53,315 191,278 147,038
Operating expenses:        
General and administrative expenses (includes $2,635 and $9,887 of equity based compensation in 2017 and $1,828 and $5,434 of equity compensation in 2016, respectively) (4,629) (8,352) (15,587) (21,456)
Management fees to related party (8,309) (5,903) (23,484) (16,374)
Total operating expenses (12,938) (14,255) (39,071) (37,830)
Income (loss) from unconsolidated joint venture 0 80 (2,847) 207
Other income 359 309 710 334
Provision for loan losses and impairments 0 0 (5,000) (15,000)
Realized loss on sale of assets (4,076) (225) (5,118) (225)
Unrealized gain (loss) on securities 13,488 (9,798) 11,830 (36,601)
Foreign currency gain (loss) 7,763 (4,369) 17,848 (21,926)
Bargain purchase gain 0 40,021 0 40,021
Gain (loss) on derivative instruments (includes unrealized gains (losses) of ($7,302) and ($17,626) in 2017 and ($10,297) and $1,731 in 2016, respectively) (7,481) 4,815 (17,916) 22,831
Net income 68,356 69,893 151,714 98,849
Preferred dividends (11,148) (9,310) (29,768) (20,985)
Net income available to common stockholders $ 57,208 $ 60,583 $ 121,946 $ 77,864
Basic and diluted net income per share of common stock (in dollars per share) $ 0.54 $ 0.83 $ 1.23 $ 1.11
Basic weighted average shares of common stock outstanding (shares) 105,446,704 71,919,549 97,546,437 68,913,362
Diluted weighted average shares of common stock outstanding (shares) 106,812,721 72,861,611 98,919,689 69,865,603
Dividend declared per share of common stock (in dollars per share) $ 0.46 $ 0.46 $ 1.38 $ 1.38