CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income:
Interest income	$ 47,854	$ 46,511
Less: Interest expense	24,492	20,366
Net interest income	23,362	26,145
Revenues	24,991	26,145
Expenses:
Acquisition expenses	142	248
Administrative services expenses	4,112	3,963
Professional fees	2,784	2,095
Depreciation and amortization	588	0
Other expenses	1,587	896
Total expenses	14,770	10,846
Loan loss increase/(decrease)	14,597	2,495
Impairment losses on real estate owned assets	398	0
Impairment losses on real estate owned assets	438	0
Realized (gain)/loss on sale of commercial mortgage loan held-for-sale	0	25
Realized (gain)/loss on sale of commercial mortgage loan, held-for-sale, measured at fair value	(9,404)	(11,181)
Unrealized (gain)/loss on commercial mortgage loans, held-for-sale, measured at fair value	1,934	336
Unrealized (gain)/loss on other real estate investments, measured at fair value	61	0
Unrealized (gain)/loss on derivatives	4,836	1,066
Realized (gain)/loss on derivatives	6,669	1,458
Total other (income)/loss	19,529	(5,801)
Income/(loss) before taxes	(9,308)	21,100
Provision/(benefit) for income tax	(1,908)	1,210
Net income/(loss)	(7,400)	19,890
Net income/(loss) applicable to common stock	$ (11,915)	$ 16,108
Basic earnings per share (in dollars per share)	$ (0.27)	$ 0.40
Diluted earnings per share (in dollars per share)	$ (0.27)	$ 0.40
Basic weighted average shares outstanding (in shares)	44,263,334	39,798,215
Diluted weighted average shares outstanding (in shares)	44,274,852	39,811,304
Revenue from real estate owned
Income:
Revenues	$ 1,629	$ 0
Expenses:
Total expenses	1,645	0
Asset management and subordinated performance fee
Expenses:
Total expenses	$ 3,912	$ 3,644