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Consolidated Statements of Cash Flows (USD $)
1 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2013
Operating activities:    
Net income $ 0 $ 4,243,000
Adjustments to reconcile net income to net cash used in operating activities:    
Shared-based compensation 0 98,000
Net unrealized gain on mortgage loans 0 (8,293,000)
Net realized gain on mortgage loans 0 (2,106,000)
Amortization of deferred financing costs 0 322,000
Changes in operating assets and liabilities:    
Related party receivables 0 400,000
Prepaid expenses and other assets 0 (113,000)
Accounts payable and accrued liabilities 0 397,000
Related party payables 0 447,000
Net cash used in operating activities 0 (4,605,000)
Investing activities:    
Investment in mortgage loans 0 (168,165,000)
Investment in real estate 0 (278,000)
Investment in renovations 0 (22,000)
Acquisition-related deposits 0 (20,142,000)
Mortgage loan dispositions and repayments 0 7,062,000
Net cash used in investing activities 0 (181,545,000)
Financing activities:    
Issuance of common stock, including stock option exercises 500,000 323,427,000
Cost of issuance of common stock 0 (13,253,000)
Payment of tax withholdings on exercise of stock options 0 (24,000)
Proceeds from repurchase agreement 0 79,761,000
Repayments of repurchase agreement 0 (79,289,000)
Payment of deferred financing costs 0 (1,162,000)
Net cash provided by financing activities 500,000 309,460,000
Net increase in cash and cash equivalents 500,000 123,310,000
Cash and cash equivalents as of beginning of the period 0 100,005,000
Cash and cash equivalents as of end of the period 500,000 223,315,000
Supplemental disclosure of non-cash investing and financing activity:    
Transfer of mortgage loans to real estate owned 0 4,399,000
Changes in accrued equity issuance costs 0  
Changes in related party receivable from mortgage loan dispositions and repayments $ 0 $ 3,583,000