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Loans (Details) (USD $)
9 Months Ended 12 Months Ended 9 Months Ended 0 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 0 Months Ended 9 Months Ended 0 Months Ended 9 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2013
LNR
Sep. 30, 2013
1-month LIBOR
Dec. 31, 2012
1-month LIBOR
Dec. 31, 2012
One-month Citibank LIBOR
Dec. 31, 2012
Three-month Citibank LIBOR
Sep. 13, 2013
3 Month EURIBOR
Sep. 30, 2013
3 Month EURIBOR
Sep. 30, 2013
LIBOR floor
Dec. 31, 2012
LIBOR floor
Sep. 30, 2013
LIBOR floor
Minimum
Dec. 31, 2012
LIBOR floor
Minimum
Sep. 30, 2013
LIBOR floor
Maximum
Dec. 31, 2012
LIBOR floor
Maximum
Sep. 30, 2013
Rating 2
Dec. 31, 2012
Rating 2
Sep. 30, 2013
Rating 3
Dec. 31, 2012
Rating 3
Sep. 30, 2013
Rating 4
Dec. 31, 2012
Rating 4
Sep. 30, 2013
Rating 5
Dec. 31, 2012
Rating 5
Sep. 30, 2013
Not Rated
Sep. 30, 2013
Total loans held-for-investment
item
Dec. 31, 2012
Total loans held-for-investment
Sep. 30, 2013
First Mortgages:
Dec. 31, 2012
First Mortgages:
Sep. 30, 2013
First Mortgages:
LNR
item
Sep. 30, 2013
First Mortgages:
New York
Condominium residences and ground floor retail
item
Sep. 30, 2013
First Mortgages:
Boston's Seaport District
sqft
Sep. 30, 2013
First Mortgages:
Boston's Seaport District
Parking lots
item
Sep. 30, 2013
First Mortgages:
Boston's Seaport District
Spaces
item
Sep. 30, 2013
First Mortgages:
Rating 2
Dec. 31, 2012
First Mortgages:
Rating 2
Sep. 30, 2013
First Mortgages:
Rating 3
Dec. 31, 2012
First Mortgages:
Rating 3
Sep. 30, 2013
First Mortgages:
Rating 4
Dec. 31, 2012
First Mortgages:
Rating 4
Dec. 31, 2012
First Mortgages:
Rating 5
Sep. 30, 2013
First Mortgages:
Not Rated
Sep. 30, 2013
Subordinated mortgages
Dec. 31, 2012
Subordinated mortgages
Sep. 30, 2013
Subordinated mortgages
Rating 2
Dec. 31, 2012
Subordinated mortgages
Rating 2
Sep. 30, 2013
Subordinated mortgages
Rating 3
Dec. 31, 2012
Subordinated mortgages
Rating 3
Sep. 30, 2013
Subordinated mortgages
Rating 4
Dec. 31, 2012
Subordinated mortgages
Rating 4
Sep. 30, 2013
Mezzanine Loans
Dec. 31, 2012
Mezzanine Loans
Sep. 30, 2013
Mezzanine Loans
Rating 2
Dec. 31, 2012
Mezzanine Loans
Rating 2
Sep. 30, 2013
Mezzanine Loans
Rating 3
Dec. 31, 2012
Mezzanine Loans
Rating 3
Sep. 30, 2013
Mezzanine Loans
Rating 4
Dec. 31, 2012
Mezzanine Loans
Rating 4
Sep. 30, 2013
Loans Held-for-sale
Sep. 30, 2013
Loans Held-for-sale
Rating 2
Sep. 30, 2013
Loans Held-for-sale
Not Rated
Sep. 30, 2013
First mortgages held-for-sale, lower of cost or fair value
Sep. 30, 2013
First mortgages held-for-sale, fair value option elected
Sep. 30, 2013
Loans transferred as secured borrowings
Dec. 31, 2012
Loans transferred as secured borrowings
Sep. 30, 2013
Loans transferred as secured borrowings
Rating 2
Dec. 31, 2012
Loans transferred as secured borrowings
Rating 2
Sep. 30, 2013
Loans transferred as secured borrowings
Rating 3
Dec. 31, 2012
Loans transferred as secured borrowings
Rating 3
Sep. 30, 2013
Loans prepaid
loan
Aug. 12, 2013
First mortgage and mezzanine loan
loan
Sep. 30, 2013
First mortgage and mezzanine loan
New York
Sep. 30, 2013
First mortgage and mezzanine loan
New York
Office building
Sep. 30, 2013
First mortgage and mezzanine loan
Burbank, CA
Sep. 30, 2013
First mortgage and mezzanine loan
San Jose, CA
item
Sep. 30, 2013
Recapitalization of existing loan with first mortgage
Sep. 30, 2013
First Mortgages loan with strategic partner
Sep. 30, 2013
A-note
Sep. 13, 2013
EUR-denominated first mortgage loan
item
Sep. 30, 2013
EUR-denominated first mortgage loan
Manager
Sep. 30, 2013
EUR-denominated first mortgage loan
Finland
Manager
item
Investments in loans                                                                                                                                                                
Loans with variable rates of interest $ 2,708,997,000 $ 1,918,182,000   $ 453,690,000 $ 674,327,000 $ 93,195,000 $ 7,217,000   $ 54,091,000 $ 2,201,216,000 $ 1,143,443,000                                                                                                                                          
Face amount of new loans 2,500,000,000                                                   275,000,000     86,000,000 112,000,000                                                                               350,000,000 158,500,000 145,600,000 136,800,000 140,000,000 142,500,000        
Total gross loans 4,224,967,000 3,002,396,000                           384,759,000 425,952,000 3,288,236,000 2,465,889,000 265,068,000 99,048,000   11,507,000 286,904,000 3,794,238,000 2,916,495,000 1,928,052,000 1,461,666,000           25,473,000 39,734,000 1,740,951,000 1,350,455,000 153,845,000 59,970,000 11,507,000 7,783,000 523,393,000 397,159,000 2,422,000 2,434,000 489,430,000 363,275,000 31,541,000 31,450,000 1,342,793,000 1,057,670,000 343,818,000 370,671,000 919,293,000 679,371,000 79,682,000 7,628,000 345,139,000 66,018,000 279,121,000 66,018,000 279,121,000 85,590,000 85,901,000 13,046,000 13,113,000 72,544,000 72,788,000                        
Loan loss allowance (3,976,000) (2,061,000)                                                                                                                                                            
Carrying Value 4,220,991,000 3,000,335,000                                                                                                                                     147,500,000                      
Number of loans in default                                                 0                                                                                                              
Face value 4,316,819,000 3,099,060,000                                             3,890,969,000 3,012,723,000 1,975,959,000 1,502,382,000                           560,147,000 430,444,000             1,354,863,000 1,079,897,000                   67,000,000 273,110,000 85,740,000 86,337,000                                
Weighted Average Coupon (as a percent)                                                     6.10% 6.20%                           7.90% 9.80%             10.80% 10.30%                   3.50% 5.30% 4.70% 4.70%                                
Weighted Average Life                                                     4 years 3 months 18 days 3 years 9 months 18 days                           3 years 6 months 4 years             3 years 6 months 3 years 7 months 6 days                   4 years 10 months 24 days 9 years 3 months 18 days 2 years 4 months 24 days 3 years 2 months 12 days                                
Loans with variable rates of interest (as a percent) 64.10%                                                                                                                                                              
Variable rate basis of loans LIBOR or EURIBOR             three-month EURIBOR                                                                                                                                                
Weighted average spread of loans (as a percent) 6.17%     0.52%       0.70%                                                                                                                                                
Effective variable rate basis (as a percent)       0.1789% 0.2087% 0.19% 0.30%   0.225%     0.19% 0.50% 3.00% 2.00%                                                                                                                                  
Allowance for loan losses as a percent of carrying amount 6.30% 3.70%                                   1.50%   5.00%                                                                                                                    
Amount of loan impairment charges on individual loans held for investment 0 0                                                                                                                                                            
Mortgage funded at closing                                                     225,000,000     50,600,000                                                                                 98,900,000 122,900,000 115,000,000 112,000,000 115,000,000       53,800,000  
Number of luxury condominium residences to be developed from loan acquired or originated                                                           30                                                                                                    
Numbers of loans                                                                                                                                         8 2                    
Movement of loans held for investment                                                                                                                                                                
Balance at the beginning of the period 3,000,335,000                                                                                                                                                              
Acquisitions/Origination 2,506,378,000   264,517,000                                                                                                                                                          
Capitalized Interest 12,481,000                                                                                                                                                              
Basis of loans sold (1,221,396,000)                                                                                                                                                              
Loan maturities (329,636,000)                                                                                                                                                              
Principal repayments (65,272,000)                                                                                                                                                              
Discount accretion/premium amortization 26,917,000                                                                                                                                                              
Changes in fair value 26,315,000                                                                                                                                                              
Unrealized foreign currency remeasurement gain 3,784,000                                                                                                                                                              
Capitalized cost written off 1,517,000                                                                                                                                                              
Loan loss allowance (1,915,000)                                                                                                                                                              
Balance at the end of the period 4,220,991,000 3,000,335,000                                                                                                                                                            
Number of new loans                                                         74                                                                                                      
Number of Class A office buildings with loans                                                                                                                                                   8            
Number of retail properties                                                                                                                                                           20   225
Future funding                                                                                                                                                           24,600,000 12,900,000  
Number of stories within a building collateralizing loans originated or acquired                                                                                                                                                   2            
Carrying value of loans sold into a securitization an independent third party                                                                                                                                                         100,000,000      
Proceeds from sale of mortgage loan                                                                                                                                                         99,400,000      
Area of land (in square feet)                                                             844,820                                                                                                  
Number of properties collateralizing loans originated or acquired                                                               15 2,509                                                                                              
Change in reserve for loan losses                                                                                                                                                                
Reserve for loan losses at beginning of year 2,061,000                                                                                                                                                              
Provision for loan losses 1,915,000                                                                                                                                                              
Reserve for loan losses at end of period 3,976,000 2,061,000                                                                                                                                                            
Recorded investment in loans related to the allowance for loan loss $ 265,068,000