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Consolidated Statement of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net interest income:      
Interest income from commercial mortgage loans $ 327,702 $ 309,134 $ 322,475
Interest income from subordinate loans and other lending assets 100,413 118,435 164,933
Interest expense (162,522) (148,891) (152,926)
Net interest income 265,593 278,678 334,482
Revenue from real estate owned operations 18,917 0 0
Total net revenue 284,510 278,678 334,482
Operating expenses:      
General and administrative expenses (includes equity-based compensation of $17,633, $16,815 and $15,897 in 2021, 2020, and 2019, respectively) (28,845) (26,849) (24,097)
Management fees to related party (38,160) (39,750) (40,734)
Operating expenses related to real estate owned (19,923) 0 0
Depreciation and amortization on real estate owned (2,645) 0 0
Total operating expenses (89,573) (66,599) (64,831)
Other income 3,821 1,604 2,113
Realized loss on investments (20,767) (47,632) (12,513)
Reversal of (provision for) loan losses, net 34,773 [1] (125,600) [1] (20,000)
Realized losses and impairments on real estate owned (550) 0 0
Foreign currency translation gain (loss) (31,687) 26,916 19,818
Net income 223,515 18,377 230,174
Preferred dividends (12,964) (13,540) (18,525)
Net income available to common stockholders $ 210,551 $ 4,837 $ 211,649
Net income per share of common stock:      
Basic (in dollars per share) $ 1.48 $ 0.01 $ 1.41
Diluted (in dollars per share) $ 1.46 $ 0.01 $ 1.40
Basic weighted-average shares of common stock outstanding 139,869,244 148,004,385 146,881,231
Diluted weighted-average shares of common stock outstanding 168,402,515 148,004,385 175,794,896
Dividend declared per share of common stock (in dollars per share) $ 1.40 $ 1.45 $ 1.84
Foreign currency forward, net      
Operating expenses:      
Gain (loss) on sale of derivatives $ 41,674 $ (9,743) $ (14,425)
Interest rate cap and swaps      
Operating expenses:      
Gain (loss) on sale of derivatives $ 1,314 $ (39,247) $ (14,470)
[1] Comprised of $30,000 and $(118,019) Specific CECL Reversals (Allowance) for the years ended December 31, 2021 and 2020, respectively, $4,773 and $(10,600) of General CECL Reversals (Allowance) for the years ended December 31, 2021 and 2020, respectively, and a $3,019 reversal of a previously recorded impairment on an equity investment for the year ended December 31, 2020. For the year ended December 31, 2019 the balance represents provision per loan losses as determined by the authoritative guidance at the time.