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Summarized Quarterly Results (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Results (Unaudited)
Summarized Quarterly Results (Unaudited)

($ in thousands except per share data)
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Net interest income:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income from commercial mortgage loans
$
52,114

 
$
34,398

 
$
65,141

 
$
37,089

 
$
71,179

 
$
41,203

 
$
75,275

 
$
45,942

Interest income from subordinate loans
33,853

 
34,390

 
34,075

 
39,640

 
37,308

 
47,268

 
34,944

 
43,993

Interest income from securities
—

 
6,054

 
—

 
4,700

 
—

 
2,625

 
—

 
1,219

Interest expense
(22,740
)
 
(17,030
)
 
(28,437
)
 
(19,205
)
 
(31,007
)
 
(19,855
)
 
(32,413
)
 
(21,967
)
Net interest income
63,227

 
57,812

 
70,779

 
62,224

 
77,480

 
71,241

 
77,806

 
69,187

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
General and administrative expenses
(4,998
)
 
(5,758
)
 
(5,652
)
 
(5,200
)
 
(5,843
)
 
(4,629
)
 
(3,977
)
 
(5,138
)
Management fees to related party
(8,092
)
 
(7,432
)
 
(9,013
)
 
(7,742
)
 
(9,515
)
 
(8,309
)
 
(9,804
)
 
(8,169
)
Total operating expenses
(13,090
)
 
(13,190
)
 
(14,665
)
 
(12,942
)
 
(15,358
)
 
(12,938
)
 
(13,781
)
 
(13,307
)
Income (loss) from unconsolidated joint venture
—

 
458

 
—

 
(3,305
)
 
—

 
—

 
—

 
—

Other income
203

 
108

 
343

 
244

 
427

 
359

 
465

 
229

Provision for loan losses and impairments
—

 
—

 
(5,000
)
 
(5,000
)
 
—

 
—

 
(15,000
)
 
—

Realized loss on sale of assets
—

 
(1,042
)
 
—

 
—

 
—

 
(4,076
)
 
—

 
(37,575
)
Unrealized gain (loss) on securities
—

 
2,852

 
—

 
(4,510
)
 
—

 
13,488

 
—

 
25,335

Foreign currency gain (loss)
10,125

 
3,172

 
(29,649
)
 
6,913

 
(4,050
)
 
7,763

 
(6,761
)
 
658

Loss on early extinguishment of debt
—

 
—

 
—

 
—

 
(2,573
)
 
—

 
—

 
(1,947
)
Gain (loss) on derivative instruments
(11,032
)
 
(3,045
)
 
33,538

 
(7,389
)
 
6,291

 
(7,481
)
 
10,261

 
(1,265
)
Net income
$
49,433

 
$
47,125

 
$
55,346

 
$
36,235

 
$
62,217

 
$
68,356

 
$
52,990

 
$
41,315

Preferred dividends
(6,835
)
 
(9,310
)
 
(6,834
)
 
(9,310
)
 
(6,836
)
 
(11,148
)
 
(6,835
)
 
(6,993
)
Net income available to common stockholders
$
42,598

 
$
37,815

 
$
48,512

 
$
26,925

 
$
55,381

 
$
57,208

 
$
46,155

 
$
34,322

Net income per share of common stock:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.38

 
$
0.41

 
$
0.39

 
$
0.28

 
$
0.42

 
$
0.54

 
$
0.34

 
$
0.32

Diluted
$
0.38

 
$
0.41

 
$
0.39

 
$
0.28

 
$
0.40

 
$
0.54

 
$
0.34

 
$
0.32

Basic weighted-average shares of common stock outstanding
110,211,853
 
91,612,447
 
123,019,993
 
95,428,134
 
129,188,343
 
105,446,704
 
133,852,915
 
106,721,887
Diluted weighted-average shares of common stock outstanding
111,871,429
 
92,998,250
 
124,629,317
 
96,796,289
 
153,918,435
 
106,812,721
 
163,900,633
 
108,095,950
Dividend declared per share of common stock
$
0.46

 
$
0.46

 
$
0.46

 
$
0.46

 
$
0.46

 
$
0.46

 
$
0.46

 
$
0.46