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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net interest income:        
Interest income from commercial mortgage loans $ 174,124 $ 99,386 $ 340,271 $ 183,810
Interest income from subordinate loans and other lending assets 5,110 14,530 14,817 30,365
Interest expense (116,278) (56,529) (221,146) (101,647)
Net interest income 62,956 57,387 133,942 112,528
Revenue from real estate owned operations 29,208 18,630 45,339 27,670
Total net revenue 92,164 76,017 179,281 140,198
Operating expenses:        
General and administrative expenses (includes equity-based compensation of $4,377 and $8,735 in 2023 and $4,518 and $9,216 in 2022, respectively) $ (7,471) $ (7,130) (14,486) (14,317)
Operating cost and expense, related and nonrelated party status Related Party [Member] Related Party [Member]    
Management fees to related party $ 9,390 $ 9,632 18,907 18,986
Operating expenses related to real estate owned (19,961) (13,134) (33,967) (22,786)
Depreciation and amortization on real estate owned (2,202) 0 (6,188) (704)
Total operating expenses (39,024) (29,896) (73,548) (56,793)
Other income 2,340 68 3,072 68
Net realized loss on investment (81,980) 0 (86,604) 0
Realized gain on extinguishment of debt 252 0 465 0
Decrease (increase) in current expected credit loss allowance, net (61,648) 944 (66,038) (17,667)
Foreign currency translation gain (loss) 21,557 (84,838) 40,191 (117,356)
Net income (loss) (83,400) 70,951 (34,484) 86,189
Preferred dividends (3,068) (3,068) (6,136) (6,136)
Net income (loss) available to common stockholders $ (86,468) $ 67,883 $ (40,620) $ 80,053
Net income (loss) per share of common stock:        
Basic (in dollars per share) $ (0.62) $ 0.48 $ (0.30) $ 0.56
Diluted (in dollars per share) $ (0.62) $ 0.44 $ (0.30) $ 0.55
Basic weighted-average shares of common stock outstanding 141,341,238 140,590,843 141,207,597 140,472,771
Diluted weighted-average shares of common stock outstanding 141,341,238 171,698,185 141,207,597 169,006,042
Dividend declared per share of common stock (in dollars per share) $ 0.35 $ 0.35 $ 0.70 $ 0.70
Foreign Exchange Forward        
Operating expenses:        
Gain (loss) on sale of derivatives $ (17,116) $ 105,213 $ (31,251) $ 127,975
Interest rate cap and swaps        
Operating expenses:        
Gain (loss) on sale of derivatives $ 55 $ 3,443 $ (52) $ 9,764