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Financial Highlights (Results Of Operations For A Share Outstanding) (Details) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Dec. 31, 2014
Dec. 31, 2013
Increase (Decrease) Equity Per Share [Roll Forward]        
Beginning Shareholders' Equity Per Share (12/31/2014 and 12/31/2013, respectively) $ 23.38us-gaap_CommonStockParOrStatedValuePerShare $ 24.40us-gaap_CommonStockParOrStatedValuePerShare    
Net Investment Income $ 0.52efc_NetInvestmentIncomePerShare $ 0.55efc_NetInvestmentIncomePerShare    
Net Realized/Unrealized Gains (Losses) $ 0.06efc_NetRealizedUnrealizedGainsLossesPerShare $ 0.35efc_NetRealizedUnrealizedGainsLossesPerShare    
Results of Operations Attributable to Equity $ 0.58efc_NetIncomeLossPerShare $ 0.90efc_NetIncomeLossPerShare    
Less: Results of Operations Attributable to Non-controlling Interests $ 0.00efc_Netincomelossattributabletononcontrollinginterestpershare $ (0.01)efc_Netincomelossattributabletononcontrollinginterestpershare    
Results of Operations Attributable to Shareholders' Equity $ 0.58efc_Netincomelossattributabletoparentpershare [1] $ 0.89efc_Netincomelossattributabletoparentpershare [1]    
Dividends Paid Per Common Share $ (0.65)efc_DividedsPaidPerCommonShare $ (0.77)efc_DividedsPaidPerCommonShare    
Weighted Average Share Impact on Dividends Paid (2) $ (0.01)efc_WeightedAverageShareImpactOnDividendsPaid [2] $ (0.02)efc_WeightedAverageShareImpactOnDividendsPaid [2]    
Accretive (Dilutive) Effect of Share Issuances (Net of Offering Costs), Share Repurchases, and Adjustments to Non-controlling Interest $ 0.00efc_AccretiveDilutiveEffectofShareIssuancesNetofOfferingCostsShareRepurchasesandAdjustmentstoNoncontrollinginterests $ (0.01)efc_AccretiveDilutiveEffectofShareIssuancesNetofOfferingCostsShareRepurchasesandAdjustmentstoNoncontrollinginterests    
Ending Shareholders' Equity Per Share (3/31/2015 and 3/31/2014, respectively)(3) $ 23.30us-gaap_CommonStockParOrStatedValuePerShare [3] $ 24.49us-gaap_CommonStockParOrStatedValuePerShare [3]    
Shares Outstanding, end of period 33,449,678efc_CommonSharesOutstanding 25,441,750efc_CommonSharesOutstanding 33,449,678efc_CommonSharesOutstanding 25,428,186efc_CommonSharesOutstanding
Shareholders Equity Per Share Upon Conversion Of All Convertible Units (in usd per share) $ 23.01efc_ShareholdersEquityPerShareUponConversionOfAllConvertibleUnits $ 24.10efc_ShareholdersEquityPerShareUponConversionOfAllConvertibleUnits    
[1] Calculated based on average common shares outstanding and can differ from the calculation for EPS (See Note 11).
[2] Per share impact on dividends paid relating to share issuances/repurchases during the period as well as dividends paid to LTIP and OP Unit holders.
[3] If all LTIP units and OP Units previously issued were vested and exchanged for common shares as of March 31, 2015 and 2014, shareholders' equity per share would be $23.01 and $24.10, respectively.