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Related party transactions (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Mar. 31, 2018
USD ($)
loan
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
Related-party transactions            
Amount unpaid   $ 2,495   $ 2,495   $ 2,580
Purchase of loans, held-for-investment       569,254 $ 360,859  
Investment in unconsolidated joint ventures   55,663   $ 55,663   $ 33,438
Management agreement            
Related-party transactions            
Term of agreement       3 years    
Automatically renewal period       1 year    
Minimum notice period for termination       180 days    
Termination fee multiplier       3    
Period immediately preceding the termination used as basis for determination of the termination fee due       24 months    
Management fee            
Related-party transactions            
Fee percentage for results up to threshold       1.50%    
Fee threshold       $ 500,000    
Fee percentage for results in excess of threshold       1.00%    
Incentive distribution            
Related-party transactions            
Incentive multiplier       15.00%    
Core earnings period       12 months    
Percentage of Incentive fee multiplied by the weighted average of issue price       8.00%    
The period over which core earnings must exceed the minimum threshold per the terms of the agreement       48 months    
Minimum core earnings threshold       $ 0    
Minimum | Management agreement            
Related-party transactions            
Independent director votes required for approval       66.70%    
Manager | Management fee            
Related-party transactions            
Fees   2,500 $ 2,100 $ 7,000 6,100  
Amount unpaid   2,500 2,100 2,500 2,100  
Manager | Incentive distribution            
Related-party transactions            
Fees         700  
Manager | Expense reimbursement            
Related-party transactions            
Amount unpaid   1,000 1,700 1,000 1,700  
Reimbursable expenses   $ 900 $ 800 $ 2,800 $ 2,500  
Waterfall Olympic Master Fund LP            
Related-party transactions            
Number of loans acquired | loan 75          
Purchase of loans, held-for-investment $ 51,600          
Unpaid principal balance $ 51,800