Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Assets: [Abstract]
Real estate owned	$ 434	$ 0
Mortgage loans at fair value	87,670	0
Cash and cash equivalents	21,947	100,005
Related party receivables	1,627	0
Deferred financing costs, net	1,133	0
Prepaid expenses and other assets	635	6
Total assets	113,446	100,011
Liabilities: [Abstract]
Repurchase agreement	12,926	0
Accounts payable and accrued liabilities	954	46
Related party payables	639	54
Total liabilities	14,519	100
Commitments and contingencies (Note 7)
Equity: [Abstract]
Common stock, $.01 par value, 200,000,0000 authorized shares; and 7,810,708 shares issued and outstanding	78	78
Additional paid-in capital	99,922	99,922
Deficit accumulated during the development stage	(1,073)	(89)
Total equity	98,927	99,911
Total liabilities and equity	$ 113,446	$ 100,011