Annual report pursuant to Section 13 and 15(d)

DEBT OBLIGATIONS DEBT OBLIGATIONS - Debt Obligations Narrative (Details)

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DEBT OBLIGATIONS DEBT OBLIGATIONS - Debt Obligations Narrative (Details)
1 Months Ended 12 Months Ended
Jun. 30, 2016
property
Dec. 31, 2016
USD ($)
property
Debt Instrument [Line Items]    
Number of real estate properties | property   78
Repurchase Agreements    
Debt Instrument [Line Items]    
Margin exposure   $ 300,000.0
CDO Securities    
Debt Instrument [Line Items]    
Margin exposure   601,000,000
Face amount of collateral   619,800,000
Amortized cost basis of collateral   627,300,000
Carrying amount of securities held   $ 627,300,000
Weighted Average Maturity (Years) Of Collateral   8 years 5 months 6 days
Golf Loans    
Debt Instrument [Line Items]    
Number of real estate properties | property 22 22
Deferred finance costs   $ 3,300,000
Golf Loans | LIBOR    
Debt Instrument [Line Items]    
Basis spread (as percent) 4.70% 4.70%
Variable rate (as percent)   1.80%
Golf Loans | LIBOR | Interest rate cap    
Debt Instrument [Line Items]    
Variable rate (as percent)   1.80%
Vineyard II    
Debt Instrument [Line Items]    
Variable rate (as percent)   1.00%
Citi | Repurchase Agreements    
Debt Instrument [Line Items]    
Repurchase agreements   $ 242,000,000
Jeffries | Repurchase Agreements    
Debt Instrument [Line Items]    
Repurchase agreements   $ 359,000,000