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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net interest income:    
Interest income from commercial mortgage loans $ 75,356 $ 81,855
Interest income from subordinate loans and other lending assets 31,459 34,018
Interest expense (35,664) (41,205)
Net interest income 71,151 74,668
Operating expenses:    
General and administrative expenses (includes equity-based compensation of $4,387 and $4,263 in 2021 and 2020, respectively) (6,940) (6,531)
Management fees to related party (9,364) (10,268)
Total operating expenses (16,304) (16,799)
Other income 92 760
Provision for loan losses and impairments, net [1] 1,238 (183,465)
Realized losses and impairments on real estate owned (550) 0
Foreign currency translation loss (7,449) (37,949)
Gain (loss) on sale of derivatives 357 (35,548)
Net income (loss) 58,335 (127,842)
Preferred dividends (3,385) (3,385)
Net income (loss) available to common stockholders $ 54,950 $ (131,227)
Net income (loss) per share of common stock:    
Basic (in dollars per share) $ 0.39 $ (0.86)
Diluted (in dollars per share) $ 0.37 $ (0.86)
Basic weighted-average shares of common stock outstanding (in shares) 139,805,863 153,948,191
Diluted weighted-average shares of common stock outstanding (in shares) 170,792,684 153,948,191
Dividends declared (in dollars per share) $ 0.35 $ 0.40
Forward currency contracts    
Operating expenses:    
Gain (loss) on sale of derivatives $ 9,800 $ 70,491
Interest rate cap and swaps    
Operating expenses:    
Gain (loss) on sale of derivatives $ 357 $ (35,548)
[1] Comprised of $0 and $150,000 Specific CECL Allowance and $(1,238) and $33,465 of General CECL (Reversals) and Allowance for 2021 and 2020, respectively.