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Securities (Details) (USD $)
12 Months Ended 12 Months Ended 3 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2013
item
Dec. 31, 2012
item
Dec. 31, 2013
Mezzanine Loans
item
Dec. 31, 2012
Mezzanine Loans
item
Dec. 31, 2013
Residential mortgage-backed security (RMBS)
Dec. 31, 2013
CDO bond and CMBS investments
item
Dec. 31, 2012
CDO bond and CMBS investments
item
Dec. 31, 2013
CDO bond and CMBS investments
AA+
item
Dec. 31, 2013
CDO bond and CMBS investments
CCC
item
Dec. 31, 2013
CDO bond and CMBS investments
CCC-
item
Dec. 31, 2012
CDO bond and CMBS investments
CCC-
item
Dec. 31, 2013
CDO bond and CMBS investments
NR
item
Dec. 31, 2012
Collateralized debt obligation (CDO) bond
Dec. 31, 2013
Commercial mortgage-backed security (CMBS)
Dec. 31, 2012
Commercial mortgage-backed security (CMBS)
Dec. 31, 2013
Common equity securities
Dec. 31, 2012
Common equity securities
Dec. 31, 2013
Available-for-sale securities
Dec. 31, 2012
Available-for-sale securities
Dec. 31, 2011
Available-for-sale securities
Dec. 31, 2013
Available-for-sale securities
Residential mortgage-backed security (RMBS)
Mar. 31, 2014
Available-for-sale securities
Residential mortgage-backed security (RMBS)
Subsequent event
May 31, 2013
Available-for-sale securities
Collateralized debt obligation (CDO) bond
Dec. 31, 2013
Available-for-sale securities
Commercial mortgage-backed security (CMBS)
Dec. 31, 2012
Available-for-sale securities
Commercial mortgage-backed security (CMBS)
Dec. 31, 2010
Available-for-sale securities
Commercial mortgage-backed security (CMBS)
Dec. 31, 2012
Available-for-sale securities
Commercial mortgage-backed security (CMBS)
Mezzanine Loans
item
Dec. 31, 2013
Available-for-sale securities
Common equity securities
Realty Finance Corporation
Dec. 31, 2012
Available-for-sale securities
Common equity securities
Realty Finance Corporation
Available-for-sale securities                                                          
Face Value $ 41,113,690 $ 12,100,000     $ 39,013,690               $ 10,000,000 $ 2,100,000 $ 2,100,000                            
Amortized Cost 36,208,099 3,158,789     34,049,310 36,149,310 3,100,000 93,715 18,417,402 2,100,000 3,100,000 15,538,193 1,000,000 2,100,000 2,100,000 58,789 58,789       34,000,000                
Cumulative Unrealized Gain 1,113,851 393,947     437,774               100,000     676,077 293,947                        
Cumulative Unrealized Loss (6,298)       (6,298)                                                
Carrying Value / Estimated Fair Value 37,315,652 3,552,736     34,480,786               1,100,000 2,100,000 2,100,000 734,866 352,736       34,400,000 32,900,000 1,100,000 2,100,000 2,100,000     700,000 400,000
Number of securities           11 2 1 1 2 2 7                                  
Percent of Total           100.00% 100.00%   51.00% 6.00% 100.00% 43.00%                                  
Cumulative Unrealized Gain                                         400,000                
Investments financed with a repurchase agreement with a financial institution                                           24,800,000              
Purchase price                                                   2,100,000      
Number of loans 144 128 27 24                                             2    
Carrying value of loans before loan loss reserves 1,660,195,301 1,501,056,647 118,550,172 112,843,639                                             30,000,000    
Base rate                                               LIBOR LIBOR        
Interest spread (as a percent)                                               0.89% 0.89%        
Stated maturity period (in years)                                               6 years 6 months 6 years 6 months        
Estimated remaining life (in years)                                               4 months 24 days 4 months 24 days        
Number of shares of common stock purchased                                                       2,939,465  
Impairment charges                                   0 0 0                  
Proceeds from sale of securities 2,100,000                                         33,400,000 2,100,000            
Gain on sale of securities 1,100,000                                           1,100,000            
Realization of unrealized gain reclassified out of accumulated other comprehensive loss $ (100,000)                                           $ 100,000