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Summarized Quarterly Results (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Results (Unaudited)
Summarized Quarterly Results (Unaudited)
 
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Net interest income:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income from securities
$
3,256

 
$
8,049

 
$
3,366

 
$
7,607

 
$
2,625

 
$
8,029

 
$
1,219

 
$
3,901

Interest income from securities, held-to-maturity
2,798

 
2,896

 
1,334

 
2,826

 

 
2,875

 

 
2,872

Interest income from commercial mortgage loans
34,398

 
21,127

 
37,089

 
24,140

 
41,203

 
27,460

 
45,942

 
30,200

Interest income from subordinate loans
34,390

 
29,375

 
39,640

 
28,067

 
47,268

 
32,207

 
43,993

 
32,746

Interest expense
(17,030
)
 
(14,642
)
 
(19,205
)
 
(15,722
)
 
(19,855
)
 
(17,256
)
 
(21,967
)
 
(16,139
)
Net interest income
57,812

 
46,805

 
62,224

 
46,918

 
71,241

 
53,315

 
69,187

 
53,580

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
General and administrative expenses
(5,758
)
 
(8,185
)
 
(5,200
)
 
(4,922
)
 
(4,629
)
 
(8,352
)
 
(5,138
)
 
(3,527
)
Management fees to related party
(7,432
)
 
(5,229
)
 
(7,742
)
 
(5,242
)
 
(8,309
)
 
(5,903
)
 
(8,169
)
 
(7,015
)
Total operating expenses
(13,190
)
 
(13,414
)
 
(12,942
)
 
(10,164
)
 
(12,938
)
 
(14,255
)
 
(13,307
)
 
(10,542
)
Income (loss) from unconsolidated joint venture
458

 
68

 
(3,305
)
 
59

 

 
80

 

 
(303
)
Other income
108

 
2

 
244

 
22

 
359

 
309

 
229

 
760

Provision for loan losses and impairments

 

 
(5,000
)
 
(15,000
)
 

 

 

 

Realized Gain (loss) on sale of securities
(1,042
)
 

 

 

 
(4,076
)
 
(225
)
 
(37,575
)
 
4,059

Unrealized gain (loss) on securities
2,852

 
(15,074
)
 
(4,510
)
 
(11,728
)
 
13,488

 
(9,798
)
 
25,335

 
10,502

Foreign currency gain (loss)
3,172

 
(4,474
)
 
6,913

 
(13,082
)
 
7,763

 
(4,369
)
 
658

 
(7,359
)
Bargain purchase gain

 

 

 

 

 
40,021

 

 

Loss on early extinguishment of debt

 

 

 

 

 

 
(1,947
)
 

Gain (loss) on derivative instruments
(3,045
)
 
4,703

 
(7,389
)
 
13,313

 
(7,481
)
 
4,815

 
(1,265
)
 
8,329

Net income
47,125

 
18,616

 
36,235

 
10,338

 
68,356

 
69,893

 
41,315

 
59,026

Preferred dividends
$
(9,310
)
 
$
(5,815
)
 
$
(9,310
)
 
$
(5,860
)
 
$
(11,148
)
 
$
(9,310
)
 
$
(6,993
)
 
$
(9,310
)
Net income available to common stockholders
$
37,815

 
$
12,801

 
$
26,925

 
$
4,478

 
57,208

 
$
60,583

 
$
34,322

 
$
49,716

Basic and diluted net income per share of common stock
$
0.41

 
$
0.18

 
$
0.28

 
$
0.06

 
$
0.54

 
$
0.83

 
$
0.32

 
$
0.60

Basic weighted average shares of common stock outstanding
91,612,447

 
67,385,191

 
95,428,134

 
67,402,311

 
105,446,704

 
71,919,549

 
106,721,887

 
82,670,237

Diluted weighted average shares of common stock outstanding
92,998,250

 
68,327,718

 
96,796,289

 
68,374,557

 
106,812,721

 
72,861,611

 
108,095,950

 
83,548,823

Dividend declared per share of common stock
$
0.46

 
$
0.46

 
$
0.46

 
$
0.46

 
$
0.46

 
$
0.46

 
$
0.46

 
$
0.46