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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net interest income:        
Interest income from commercial mortgage loans $ 179,921,000 $ 180,441,000 $ 543,025,000 $ 520,712,000
Interest income from subordinate loans and other lending assets 1,210,000 1,599,000 2,901,000 16,416,000
Interest expense (134,088,000) (121,817,000) (390,447,000) (342,963,000)
Net interest income 47,043,000 60,223,000 155,479,000 194,165,000
Revenue from real estate owned operations 24,530,000 20,934,000 77,737,000 66,273,000
Total net revenue 71,573,000 81,157,000 233,216,000 260,438,000
Operating expenses:        
General and administrative expenses (includes equity-based compensation of $4,165 and $12,510 in 2024 and $4,356 and $13,091 in 2023, respectively) (7,547,000) (7,664,000) (22,408,000) (22,150,000)
Operating expenses related to real estate owned (19,879,000) (18,950,000) (61,539,000) (52,917,000)
Depreciation and amortization on real estate owned (2,342,000) (1,020,000) (9,285,000) (7,208,000)
Total operating expenses (38,569,000) (37,152,000) (120,627,000) (110,700,000)
Other income, net 1,573,000 1,465,000 2,784,000 4,537,000
Decrease (increase) in current expected credit loss allowance, net 899,000 5,833,000 (157,043,000) (60,205,000)
Foreign currency translation gain (loss) 60,102,000 (44,165,000) 39,177,000 (3,974,000)
Net realized loss on investments (127,512,000) 0 (128,191,000) (86,604,000)
Gain on extinguishment of debt 0 30,000 0 495,000
Net income (loss) before taxes (91,483,000) 46,588,000 (160,008,000) 12,104,000
Income tax provision (66,000) (517,000) (280,000) (517,000)
Net income (loss) (91,549,000) 46,071,000 (160,288,000) 11,587,000
Preferred dividends (3,068,000) (3,068,000) (9,204,000) (9,204,000)
Net income (loss) available to common stockholders $ (94,617,000) $ 43,003,000 $ (169,492,000) $ 2,383,000
Net income (loss) per share of common stock:        
Basic $ (0.69) $ 0.3 $ (1.23) $ 0
Diluted $ (0.69) $ 0.3 $ (1.23) $ 0
Basic weighted-average shares of common stock outstanding 138,246,827 141,350,428 140,177,962 141,255,730
Diluted weighted-average shares of common stock outstanding 138,246,827 141,350,428 140,177,962 141,255,730
Dividend declared per share of common stock $ 0.25 $ 0.35 $ 0.95 $ 1.05
Related Party        
Operating expenses:        
Management fees to related party $ (8,801,000) $ (9,518,000) $ (27,395,000) $ (28,425,000)
Foreign Exchange Forward        
Operating expenses:        
Gain (loss) on sale of derivatives (59,535,000) 39,490,000 (29,760,000) 8,239,000
Interest rate caps and swaps        
Operating expenses:        
Gain (loss) on sale of derivatives $ (14,000) $ (70,000) $ 436,000 $ (122,000)