Consolidated Balance Sheets - USD ($)		Dec. 31, 2014	Dec. 31, 2013
ASSETS
Available-for-sale securities, at fair value (includes pledged securities of $366,103,204 and $444,984,955 for December 31, 2014 and December 31, 2013, respectively)		$ 368,315,738	$ 444,984,955
Mortgage loans held-for-sale, at fair value		54,678,382	0
Multi-family loans held in securitization trusts, at fair value		1,750,294,430	0
Residential loans held in securitization trusts, at fair value		631,446,984	0
Linked transactions, net, at fair value		60,818,111	33,352,562
Cash and cash equivalents		32,274,285	33,062,931
Restricted cash		11,400,645	13,343,173
Deferred offering costs		945,661	0
Accrued interest receivable		10,962,663	1,045,191
Investment related receivable		979,509	506,892
Derivative assets, at fair value		21,550	1,839,154
Other assets		71,599	66,547
Total assets	[1]	2,922,209,557	528,201,405
LIABILITIES:
Repurchase agreements		594,877,852	412,172,000
Multi-family securitized debt obligations		1,670,573,456	0
Residential securitized debt obligations		432,035,976	0
Derivative liabilities, at fair value		2,289,058	839,413
Accrued interest payable		8,238,924	274,615
Dividends payable		39,132	42,501
Fees and expenses payable to Manager		1,062,000	330,000
Other accounts payable and accrued expenses		295,029	617,514
Total liabilities	[1]	2,709,411,427	414,276,043
STOCKHOLDERS' EQUITY:
Preferred Stock: par value $0.01 per share; 50,000,000 shares authorized, 8.75% Series A cumulative redeemable, $25 liquidation preference, 1,610,000 and 800,000 issued and outstanding at December 31, 2014 and December 31, 2013, respectively		37,156,972	18,060,898
Common Stock: par value $0.01 per share; 450,000,000 shares authorized, 14,718,750 and 7,389,250 shares issued and outstanding, at December 31, 2014 and December 31, 2013, respectively		146,953	73,563
Additional paid-in capital		189,332,874	110,129,489
Accumulated other comprehensive income (loss)		7,208,350	(11,094,954)
Cumulative distributions to stockholders		(32,406,541)	(11,289,370)
Accumulated earnings		11,359,522	8,045,736
Total stockholders' equity		212,798,130	113,925,362
Total liabilities and stockholders' equity		2,922,209,557	528,201,405
Available-for-sale Securities [Member]
LIABILITIES:
Repurchase agreements		544,614,000	412,172,000
Mortgage Loans Held-or-Sale [Member]
LIABILITIES:
Repurchase agreements		$ 50,263,852	$ 0

[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”) as the Company is primary beneficiary of these VIEs. As of December 31, 2014 and December 31, 2013, assets of consolidated VIEs totaled $2,389,754,101 and $0, respectively, and the liabilities of consolidated VIEs totaled $2,180,936,221 and $0, respectively.