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8.0% Exchangeable Senior Notes due 2016 (Details) (USD $)
12 Months Ended 0 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 27, 2013
Nov. 25, 2013
Dec. 19, 2014
Sep. 18, 2014
Jun. 18, 2014
Mar. 20, 2014
Dec. 19, 2013
Sep. 18, 2013
Jun. 25, 2013
May 14, 2013
Dec. 19, 2012
Nov. 29, 2012
Oct. 22, 2012
Jun. 05, 2012
May 01, 2012
Debt Instrument [Line Items]                                    
Interest expense on notes $ 5,686,664us-gaap_InterestExpenseOtherLongTermDebt $ 563,539us-gaap_InterestExpenseOtherLongTermDebt                                 
Derivative liabilities, at fair value 2,585,184us-gaap_DerivativeLiabilities 1,471,607us-gaap_DerivativeLiabilities                                
Dividend declared, amount per share           $ 0.40us-gaap_DividendsPayableAmountPerShare $ 0.40us-gaap_DividendsPayableAmountPerShare $ 0.40us-gaap_DividendsPayableAmountPerShare $ 0.40us-gaap_DividendsPayableAmountPerShare $ 0.95us-gaap_DividendsPayableAmountPerShare [1] $ 0.50us-gaap_DividendsPayableAmountPerShare $ 0.45us-gaap_DividendsPayableAmountPerShare $ 0.22us-gaap_DividendsPayableAmountPerShare $ 1.16us-gaap_DividendsPayableAmountPerShare $ 0.98us-gaap_DividendsPayableAmountPerShare $ 0.89us-gaap_DividendsPayableAmountPerShare $ 0.57us-gaap_DividendsPayableAmountPerShare $ 0.51us-gaap_DividendsPayableAmountPerShare
Special Cash Dividend [Member]                                    
Debt Instrument [Line Items]                                    
Dividend declared, amount per share                   $ 0.55us-gaap_DividendsPayableAmountPerShare
/ us-gaap_DividendsAxis
= zfc_SpecialCashDividendMember
               
Exchangeable Senior Notes Conversion Option [Member]                                    
Debt Instrument [Line Items]                                    
Derivative liabilities, at fair value 1,000,000us-gaap_DerivativeLiabilities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EmbeddedDerivativeFinancialInstrumentsMember
1,500,000us-gaap_DerivativeLiabilities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EmbeddedDerivativeFinancialInstrumentsMember
    1,300,000us-gaap_DerivativeLiabilities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EmbeddedDerivativeFinancialInstrumentsMember
                         
Exchangeable Senior Notes [Member]                                    
Debt Instrument [Line Items]                                    
Principal amount 57,500,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= zfc_ExchangeableSeniorNotesMember
                                 
Proceeds from sale of debt         55,300,000us-gaap_ProceedsFromIssuanceOfLongTermDebt
/ us-gaap_DebtInstrumentAxis
= zfc_ExchangeableSeniorNotesMember
                         
Initial purchasers' discount 2,000,000us-gaap_DebtInstrumentUnamortizedDiscount
/ us-gaap_DebtInstrumentAxis
= zfc_ExchangeableSeniorNotesMember
3,000,000us-gaap_DebtInstrumentUnamortizedDiscount
/ us-gaap_DebtInstrumentAxis
= zfc_ExchangeableSeniorNotesMember
    1,700,000us-gaap_DebtInstrumentUnamortizedDiscount
/ us-gaap_DebtInstrumentAxis
= zfc_ExchangeableSeniorNotesMember
                         
Aggregate estimated offering expenses         2,200,000us-gaap_DebtIssuanceCosts
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= zfc_ExchangeableSeniorNotesMember
                         
Stated interest rate 8.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
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Effective annual rate 10.20%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= zfc_ExchangeableSeniorNotesMember
                                 
Interest expense on notes $ 5,700,000us-gaap_InterestExpenseOtherLongTermDebt
/ us-gaap_DebtInstrumentAxis
= zfc_ExchangeableSeniorNotesMember
$ 600,000us-gaap_InterestExpenseOtherLongTermDebt
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= zfc_ExchangeableSeniorNotesMember
                               
Maturity date Nov. 15, 2016                                  
Percentage of shares outstanding issuable upon exchange 20.00%zfc_DebtInstrumentMaximumSharesIssuableAsPercentageOfSharesOutstanding
/ us-gaap_DebtInstrumentAxis
= zfc_ExchangeableSeniorNotesMember
                                 
Number of shares issuable upon exchange 1,779,560us-gaap_DebtInstrumentConvertibleNumberOfEquityInstruments
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= zfc_ExchangeableSeniorNotesMember
                                 
Conversion ratio       54.3103us-gaap_DebtInstrumentConvertibleConversionRatio1
/ us-gaap_DebtInstrumentAxis
= zfc_ExchangeableSeniorNotesMember
52.5417us-gaap_DebtInstrumentConvertibleConversionRatio1
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= zfc_ExchangeableSeniorNotesMember
                         
Exchange price         $ 19.03us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_DebtInstrumentAxis
= zfc_ExchangeableSeniorNotesMember
                         
Dividend threshold requiring adjustment to exchange rate $ 0.50zfc_DebtInstrumentConvertibleDividendThresholdRequiringPriceAdjustment
/ us-gaap_DebtInstrumentAxis
= zfc_ExchangeableSeniorNotesMember
                                 
Repurchase price 100.00%us-gaap_DebtInstrumentRedemptionPricePercentage
/ us-gaap_DebtInstrumentAxis
= zfc_ExchangeableSeniorNotesMember
                                 
Exchangeable Senior Notes [Member] | Maximum [Member]                                    
Debt Instrument [Line Items]                                    
Conversion ratio 60.4229us-gaap_DebtInstrumentConvertibleConversionRatio1
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= zfc_ExchangeableSeniorNotesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
                                 
[1] Comprised of a regular cash dividend of $0.40 per share of common stock and OP unit for the quarter ending December 31, 2013, and an additional special cash dividend of $0.55 per share of its common stock and OP unit. The Company declared the special cash dividend to distribute taxable income from 2013 attributable to the termination of interest rate swap contracts.