CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
INCOME
Interest income	$ 91,424	$ 70,688	$ 47,700
Interest expense	(39,101)	(25,573)	(11,499)
Net interest income	52,323	45,115	36,201
Income from investment in Manager	423	218	198
Other income	2,049	1,364	1,169
Total income	54,795	46,697	37,568
EXPENSE
Related party expense – loan servicing fees	8,245	6,083	3,959
Related party expense – management fee	5,340	3,949	3,353
Loan transaction expense	1,471	1,135	1,631
Professional fees	2,340	1,484	1,430
Real estate operating expenses	2,630	2,553	415
Other expense	3,353	2,019	986
Total expense	23,379	17,223	11,774
Loss on debt extinguishment	1,131	565	0
Income before provision for income taxes	30,285	28,909	25,794
Provision for income taxes	131	35	2
Consolidated net income	30,154	28,874	25,792
Less: consolidated net income attributable to the non-controlling interest	1,227	1,038	1,038
Consolidated net income attributable to common stockholders	$ 28,927	$ 27,836	$ 24,754
Basic earnings per common share (in dollars per share)	$ 1.58	$ 1.65	$ 1.68
Diluted earnings per common share (in dollars per share)	$ 1.51	$ 1.65	$ 1.68
Weighted average shares - basic (in shares)	18,074,143	16,742,882	14,711,610
Weighted average shares - diluted (in shares)	23,318,521	17,451,907	15,372,488