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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net interest income:    
Interest income from commercial mortgage loans $ 52,114 $ 34,398
Interest income from subordinate loans 33,853 34,390
Interest income from securities 0  
Interest expense (22,740) (17,030)
Net interest income 63,227 57,812
Operating expenses:    
General and administrative expenses (includes equity-based compensation of $3,342 and $3,791 in 2018 and 2017, respectively) (4,998) (5,758)
Management fees to related party (8,092) (7,432)
Total operating expenses (13,090) (13,190)
Income from unconsolidated joint venture 0 458
Other income 203 108
Realized loss on sale of assets 0 (1,042)
Unrealized gain on securities 0 2,852
Foreign currency gain 10,125 3,172
Loss on derivative instruments (includes unrealized losses of $(8,855) and $(2,889) in 2018 and 2017, respectively) (11,032) (3,045)
Net income 49,433 47,125
Preferred dividends (6,835) (9,310)
Net income available to common stockholders $ 42,598 $ 37,815
Net income per share of common stock (in dollars per share) $ 0.38 $ 0.41
Basic weighted average shares of common stock outstanding (in shares) 110,211,853 91,612,447
Diluted weighted average shares of common stock outstanding (in shares) 111,871,429 92,998,250
Dividend declared per share of common stock (in dollars per share) $ 0.46 $ 0.46