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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2013
Revenues:      
Interest income $ 158,220 $ 7,361,812 $ 10,592,753
Interest expense (85,903) (997,809) (3,328,437)
Net interest income 72,317 6,364,003 7,264,316
Other income:      
Realized loss on sale of investments, net (427) (14,172,649) (14,277,894)
Unrealized gain (loss) and net interest income from Linked Transactions 177,463 (1,487,024) 266,818
Realized gain (loss) on swap and swaption agreements (5,333) 11,136,853 11,065,533
Unrealized gain (loss) on interest rate swap and swaption agreements, net (234,130) 7,620,892 7,099,900
Total other income (loss) (62,427) 3,098,072 4,154,357
Expenses:      
Management fee 48,554 412,862 528,002
General and administrative expenses 8,250 177,686 300,114
Operating expenses reimbursable to Manager 149,648 727,234 908,098
Other operating expenses 12,363 91,745 99,001
Compensation expense 0 82,168 84,964
Total expenses 218,815 1,491,695 1,920,179
Net income (loss) (208,925) 7,970,380 9,498,494
Dividends to preferred stockholders 0 0 (2,326)
Net income (loss) attributable to common stockholders (208,925) 7,970,380 9,496,168
Earnings per share:      
Net income (loss) attributable to common stockholders (basic and diluted) $ (208,925) $ 7,970,380 $ 9,496,168
Weighted average number of shares of common stock outstanding (In shares) 1,656,250 7,389,250 4,855,327
Basic and diluted income (loss) per share (in dollars per share) $ (0.13) $ 1.08 $ 1.96
Dividends declared per share of common stock (in dollar per shares) $ 0 $ 0.45 $ 0.78