Condensed Consolidated Statement of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022		Jun. 30, 2021
Net interest income:
Interest income from commercial mortgage loans	$ 99,386	$ 82,447	$ 183,810		$ 157,803
Interest income from subordinate loans and other lending assets	14,530	31,775	30,365		63,234
Interest expense	(56,529)	(39,737)	(101,647)		(75,401)
Net interest income	57,387	74,485	112,528		145,636
Revenue from real estate owned operations	18,630	1,374	27,670		1,374
Total net revenue	76,017	75,859	140,198		147,010
Operating expenses:
General and administrative expenses (includes equity-based compensation of $4,518 and $9,216 in 2022 and $4,357 and $8,744 in 2021, respectively)	(7,130)	(6,734)	(14,317)		(13,674)
Management fees to related party	(9,632)	(9,440)	(18,986)		(18,804)
Operating expenses related to real estate owned	(13,134)	(1,994)	(22,786)		(1,994)
Depreciation and amortization on real estate owned	0	(452)	(704)		(452)
Total operating expenses	(29,896)	(18,620)	(56,793)		(34,924)
Other income	68	17	68		109
Realized loss on investments	0	(20,000)	0		(20,000)
Reversal of (provision for) loan losses, net	944	29,586	(17,667)	[1]	30,824	[1]
Realized losses and impairments on real estate owned	0	0	0		(550)
Foreign currency translation gain (loss)	(84,838)	4,054	(117,356)		(3,395)
Gain (loss) on foreign currency forward contracts (includes unrealized gains (losses) of $95,053 and $113,195 in 2022 and $(2,021) and $8,481 in 2021, respectively)	105,213	(3,094)	127,975		6,706
Unrealized gain (loss) on interest rate hedging instruments	3,443	(111)	9,764		246
Net income	70,951	67,691	86,189		126,026
Preferred dividends	(3,068)	(3,385)	(6,136)		(6,770)
Net income available to common stockholders	$ 67,883	$ 64,306	$ 80,053		$ 119,256
Net income per share of common stock:
Basic (in dollars per share)	$ 0.48	$ 0.45	$ 0.56		$ 0.84
Diluted (in dollars per share)	$ 0.44	$ 0.42	$ 0.55		$ 0.79
Basic weighted-average shares of common stock outstanding	140,590,843	139,884,060	140,472,771		139,845,178
Diluted weighted-average shares of common stock outstanding	171,698,185	170,832,186	169,006,042		170,812,544
Dividend declared per share of common stock (in dollars per share)	$ 0.35	$ 0.35	$ 0.70		$ 0.70
General and administrative expenses, equity-based compensation	$ 4,518	$ 4,357	$ 9,216		$ 8,744

[1] Comprised of $3,000 and $(27,000) Specific CECL Reversals (Allowances) and $(2,056) and $9,333 of General CECL Reversals (Allowances) for the three and six months ended June 30, 2022, respectively. Comprised of $30,000 and $30,000 Specific CECL Reversals and $(414) and $824 of General CECL Reversals (Allowances) for the three and six months ended June 30, 2021, respectively.