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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net interest income:    
Interest income from commercial mortgage loans $ 81,855 $ 78,286
Interest income from subordinate loans and other lending assets 34,018 40,839
Interest expense (41,205) (36,295)
Net interest income 74,668 82,830
Operating expenses:    
General and administrative expenses (includes equity-based compensation of $4,263 and $3,901 in 2020 and 2019, respectively) (6,531) (6,151)
Management fees to related party (10,268) (9,613)
Total operating expenses (16,799) (15,764)
Other income 760 518
Provision for loan losses [1] (183,465) 0
Foreign currency gain (loss) (37,949) 6,894
Gain (loss) on foreign currency forward contracts (includes unrealized gains (losses) of $62,436 and ($14,985) in 2020 and 2019, respectively) 70,491 (6,720)
Unrealized loss on interest rate swap (35,548) 0
Net income (loss) (127,842) 67,758
Preferred dividends (3,385) (6,835)
Net income (loss) available to common stockholders $ (131,227) $ 60,923
Net income (loss) per share of common stock:    
Basic (in dollars per share) $ (0.86) $ 0.45
Diluted (in dollars per share) $ (0.86) $ 0.43
Basic weighted-average shares of common stock outstanding (in shares) 153,948,191 134,607,107
Diluted weighted-average shares of common stock outstanding (in shares) 153,948,191 164,683,086
Dividend declared per share of common stock (in dollars per share) $ 0.40 $ 0.46
[1] Comprised of $150,000 Specific CECL Allowance and $33,465 General CECL Allowance.