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Condensed Quarterly Financial Data (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
0 Months Ended 3 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Dec. 31, 2012
Dec. 31, 2013
INTEREST INCOME (EXPENSE)                
Interest income $ 0 $ 12,050 $ 11,223 $ 4,310 $ 283 $ 239 $ 239 $ 27,866
Interest expense 0 (1,283) (1,248) (525) 0 0 0 (3,056)
Total net interest income 0 10,767 9,975 3,785 283 239 239 24,810
EXPENSES                
Management fees 8 600 644 703 119 116 124 2,066
Professional fees 0 155 200 237 32 125 125 624
Organizational expense 0         568 568 0
Other operating expenses 0 656 513 421 46 45 45 1,636
Total expenses 8 1,411 1,357 1,361 197 854 862 4,326
OTHER INCOME (LOSS)                
Net realized gains (losses) on real estate securities and financial derivatives   (16,504) (19,900) 5,370 888      
Change in net unrealized gains (losses) on real estate securities and financial derivatives   7,024 18,067 (17,498) 155      
Net realized losses on real estate securities 0         (19) (19) (37,456)
Change in net unrealized gains (losses) on real estate securities 0         106 106 (26,146)
Total other income (loss) 0 (9,480) (1,833) (12,128) 1,043 87 87 (22,398)
Net income (loss) $ (8) $ (124) $ 6,785 $ (9,704) $ 1,129 $ (528) $ (536) $ (1,914)
NET LOSS PER COMMON SHARE:                
Basic (in dollars per share) $ (0.01) $ (0.01) $ 0.74 $ (1.55) $ 0.69 $ (0.32) $ (0.33) $ (0.29)