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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net interest income:                      
Interest income from securities $ 1,219 $ 2,625 $ 3,366 $ 3,256 $ 3,901 $ 8,029 $ 7,607 $ 8,049 $ 10,466 $ 27,586 $ 33,188
Interest income from securities, held to maturity 0 0 1,334 2,798 2,872 2,875 2,826 2,896 4,132 11,469 12,054
Interest income from commercial mortgage loans 45,942 41,203 37,089 34,398 30,200 27,460 24,140 21,127 158,632 102,927 56,092
Interest income from subordinate loans 43,993 47,268 39,640 34,390 32,746 32,207 28,067 29,375 165,291 122,394 90,830
Interest expense (21,967) (19,855) (19,205) (17,030) (16,139) (17,256) (15,722) (14,642) (78,057) (63,759) (48,861)
Net interest income 69,187 71,241 62,224 57,812 53,580 53,315 46,918 46,805 260,464 200,617 143,303
Operating expenses:                      
General and administrative expenses (includes equity-based compensation of $13,314 in 2017, $7,090 in 2016 and $4,387 in 2015) (5,138) (4,629) (5,200) (5,758) (3,527) (8,352) (4,922) (8,185) (20,725) (24,983) (9,492)
Management fees to related party (8,169) (8,309) (7,742) (7,432) (7,015) (5,903) (5,242) (5,229) (31,652) (23,388) (16,619)
Total operating expenses (13,307) (12,938) (12,942) (13,190) (10,542) (14,255) (10,164) (13,414) (52,377) (48,371) (26,111)
Income (loss) from unconsolidated joint venture 0 0 (3,305) 458 (303) 80 59 68 (2,847) (96) 3,464
Other income 229 359 244 108 760 309 22 2 940 1,094 1,239
Provision for loan losses and impairments 0 0 (5,000) 0 0 0 (15,000) 0 (5,000) (15,000) 0
Realized gain (loss) on sale of assets (37,575) (4,076) 0 (1,042) 4,059 (225) 0 0 (42,693) 3,834 (443)
Unrealized gain (loss) on securities 25,335 13,488 (4,510) 2,852 10,502 (9,798) (11,728) (15,074) 37,165 (26,099) (17,408)
Foreign currency gain (loss) 658 7,763 6,913 3,172 (7,359) (4,369) (13,082) (4,474) 18,506 (29,284) (4,894)
Bargain purchase gain 0 0 0 0 0 40,021 0 0 0 40,021 0
Loss on early extinguishment of debt (1,947) 0 0 0 0 0 0 0 (1,947) 0 0
Gain (loss) on derivative instruments (includes unrealized gains (losses) of $(11,523) in 2017, $2,608 in 2016 and $(1,063) in 2015) (1,265) (7,481) (7,389) (3,045) 8,329 4,815 13,313 4,703 (19,180) 31,160 4,106
Net income 41,315 68,356 36,235 47,125 59,026 69,893 10,338 18,616 193,031 157,876 103,256
Preferred dividends (6,993) (11,148) (9,310) (9,310) (9,310) (9,310) (5,860) (5,815) (36,761) (30,295) (11,884)
Net income available to common stockholders $ 34,322 $ 57,208 $ 26,925 $ 37,815 $ 49,716 $ 60,583 $ 4,478 $ 12,801 $ 156,270 $ 127,581 $ 91,372
Basic and diluted net income per share of common stock (in dollars per share) $ 0.32 $ 0.54 $ 0.28 $ 0.41 $ 0.60 $ 0.83 $ 0.06 $ 0.18 $ 1.54 $ 1.74 $ 1.54
Basic weighted average shares of common stock outstanding (in shares) 106,721,887 105,446,704 95,428,134 91,612,447 82,670,237 71,919,549 67,402,311 67,385,191 99,859,153 72,371,374 58,674,046
Diluted weighted average shares of common stock outstanding (in shares) 108,095,950 106,812,721 96,796,289 92,998,250 83,548,823 72,861,611 68,374,557 68,327,718 101,232,610 73,305,101 59,273,280