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Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Subsequent to the quarter ended June 30, 2021, the following events took place: Investment activity: We committed capital of $441 million ($141 million of which was funded at closing) of a first mortgage loan. In addition, we funded approximately $32 million for previously closed loans. Loan Repayments: We received approximately $297.3 million from loan repayments, including full repayments on two first mortgage loans. Preferred Equity Exchange: On July 15, 2021, we exchanged all 6,770,393 shares outstanding of our Series B Preferred Stock for 6,770,393 shares of 7.25% Series B-1 Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share, with a liquidation preference of $25.00 per share, pursuant to an exchange agreement with the two existing shareholders. Loan Update: We own three mezzanine loans which had an aggregate carrying value at June 30, 2021 of $423 million (inclusive of $297 million of principal and $124 million of PIK interest) and are secured by the same residential-for-sale property currently under construction in Manhattan, NY. These loans include (i) a $230 million senior mezzanine loan (“Senior Mezzanine Loan”), (ii) a $112 million junior mezzanine loan (Junior Mezzanine A Loan), and (iii) an $81 million junior mezzanine loan (“Junior Mezzanine B Loan”), Junior Mezzanine A Loan and Junior Mezzanine B Loan, collectively referred to as “Junior Mezzanine Loan”. Subsequent to June 30, 2021, a vehicle managed by an affiliate of the Manager (the "Seller") transferred its Junior Mezzanine B Loan position to the Company and in connection with this transfer, one of the property’s subordinate capital providers paid the Seller a price representing the Seller’s original principal balance on the Junior Mezzanine B Loan position with the Seller agreeing to forego its accrued interest on the Junior Mezzanine B Loan. In conjunction with this transaction, the Company and the subordinate capital provider have agreed to a waterfall sharing arrangement pursuant to which rather than the Company receiving interest it otherwise would have been entitled to after July 1, 2021 on the Junior Mezzanine Loan, proceeds received from the sale or refinance of the underlying collateral, after repayment to priority lenders under the waterfall, will be shared between the Company and the subordinate capital provider at an agreed upon allocation.

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- Definition

The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-URI http://asc.fasb.org/topic&trid=2122774

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662

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