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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net interest income:    
Interest income from commercial mortgage loans $ 166,147 $ 84,424
Interest income from subordinate loans and other lending assets 9,707 15,835
Interest expense (104,868) (45,118)
Net interest income 70,986 55,141
Revenue from real estate owned operations 16,131 9,040
Total net revenue 87,117 64,181
Operating expenses:    
General and administrative expenses (includes equity-based compensation of $4,358 and $4,698 in 2023 and 2022, respectively) (7,015) (7,187)
Management fees to related party (9,517) (9,354)
Operating expenses related to real estate owned (14,006) (9,652)
Depreciation and amortization on real estate owned (3,986) (704)
Total operating expenses (34,524) (26,897)
Other income 732 0
Net realized loss on investment (4,624) 0
Realized gain on extinguishment of debt 213 0
Increase in current expected credit loss allowance, net (4,390) (18,611)
Foreign currency translation gain (loss) 18,634 (32,518)
Net income 48,916 15,238
Preferred dividends (3,068) (3,068)
Net income available to common stockholders $ 45,848 $ 12,170
Net income per share of common stock:    
Basic (in dollars per share) $ 0.32 $ 0.08
Diluted (in dollars per share) $ 0.32 $ 0.08
Basic weighted-average shares of common stock outstanding 141,072,471 140,353,386
Diluted weighted-average shares of common stock outstanding 155,483,979 140,353,386
Dividend declared per share of common stock (in dollars per share) $ 0.35 $ 0.35
Foreign Exchange Forward    
Gain (loss) on sale of derivatives $ (14,135) $ 22,762
Interest rate cap and swaps    
Gain (loss) on sale of derivatives $ (107) $ 6,321