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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net interest income:      
Interest income from commercial mortgage loans $ 322,475 $ 263,709 $ 158,632
Interest income from subordinate loans and other lending assets 164,933 140,180 179,889
Interest expense (152,926) (114,597) (78,057)
Net interest income 334,482 289,292 260,464
Operating expenses:      
General and administrative expenses (includes equity-based compensation of $15,897 in 2019, $13,588 in 2018, and $13,314 in 2017) (24,097) (20,470) (20,725)
Management fees to related party (40,734) (36,424) (31,652)
Total operating expenses (64,831) (56,894) (52,377)
Loss from unconsolidated joint venture 0 0 (2,847)
Other income 2,113 1,438 940
Provision for loan losses and impairments, net of reversals (20,000) (20,000) (5,000)
Realized loss on investments (12,513) 0 (42,693)
Unrealized gain on securities 0 0 37,165
Foreign currency gain (loss) 19,818 (30,335) 18,506
Loss on early extinguishment of debt 0 (2,573) (1,947)
Gain (loss) on foreign currency forwards (14,425) 39,058 (19,180)
Gain (loss) on interest rate swap (14,470) 0 0
Net income 230,174 219,986 193,031
Preferred dividends (18,525) (27,340) (36,761)
Net income available to common stockholders $ 211,649 $ 192,646 $ 156,270
Net income per share of common stock:      
Basic (in dollars per share) $ 1.41 $ 1.52 $ 1.54
Diluted (in dollars per share) $ 1.40 $ 1.48 $ 1.54
Basic weighted-average shares of common stock outstanding (in shares) 146,881,231 124,147,073 99,859,153
Diluted weighted-average shares of common stock outstanding (in shares) 175,794,896 153,821,515 101,232,610