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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net interest income:        
Interest income from commercial mortgage loans $ 65,141 $ 37,089 $ 117,255 $ 71,487
Interest income from subordinate loans 34,075 39,640 67,928 74,030
Interest income from securities 0 4,700 0 10,754
Interest expense (28,437) (19,205) (51,177) (36,235)
Net interest income 70,779 62,224 134,006 120,036
Operating expenses:        
General and administrative expenses (includes equity-based compensation of $4,014 and $7,356 in 2018 and $3,461 and $7,252 of equity-based compensation in 2017, respectively) (5,652) (5,200) (10,650) (10,958)
Management fees to related party (9,013) (7,742) (17,105) (15,175)
Total operating expenses (14,665) (12,942) (27,755) (26,133)
Loss from unconsolidated joint venture 0 (3,305) 0 (2,847)
Other income 343 244 546 352
Provision for loan losses and impairments (5,000) (5,000) (5,000) (5,000)
Realized loss on sale of assets 0 0 0 (1,042)
Unrealized loss on securities 0 (4,510) 0 (1,658)
Foreign currency gain (loss) (29,649) 6,913 (19,524) 10,085
Gain (loss) on derivative instruments (includes unrealized gains (losses) of $24,796 and $15,941 in 2018 and $(7,435) and $(10,324) in 2017, respectively) 33,538 (7,389) 22,506 (10,434)
Net income 55,346 36,235 104,779 83,359
Preferred dividends (6,834) (9,310) (13,669) (18,620)
Net income available to common stockholders $ 48,512 $ 26,925 $ 91,110 $ 64,739
Net income per share of common stock (in dollars per share) $ 0.39 $ 0.28 $ 0.78 $ 0.68
Basic weighted average shares of common stock outstanding (in shares) 123,019,993 95,428,134 116,651,305 93,530,831
Diluted weighted average shares of common stock outstanding (in shares) 124,629,317 96,796,289 118,281,153 94,907,762
Dividend declared per share of common stock (in dollars per share) $ 0.46 $ 0.46 $ 0.92 $ 0.92