Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS (Carrying Values and Estimated Fair Value) (Details)

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FAIR VALUE OF FINANCIAL INSTRUMENTS (Carrying Values and Estimated Fair Value) (Details) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
Dec. 31, 2015
Assets        
Real estate securities, available-for-sale $ 2,032 $ 1,950    
Real estate securities, available-for-sale - pledged as collateral 326,878 627,304    
Real estate related and other loans, held-for-sale, net 59,043 55,612    
Cash and cash equivalents 126,970 140,140 $ 32,126 $ 45,651
Restricted cash 7,213 6,404    
Liabilities        
Repurchase agreements 310,630 600,964    
Credit facilities and obligations under capital leases 114,851 115,284    
Junior subordinated notes payable 51,214 $ 51,217    
Carrying Value        
Assets        
Real estate securities, available-for-sale 2,032      
Real estate securities, available-for-sale - pledged as collateral 326,878      
Real estate related and other loans, held-for-sale, net 59,043      
Residential mortgage loans, held-for-sale, net 228      
Cash and cash equivalents 126,970      
Restricted cash 7,213      
Non-hedge derivative assets 364      
Liabilities        
Repurchase agreements 310,630      
Credit facilities and obligations under capital leases 114,851      
Junior subordinated notes payable 51,214      
Non-hedge derivative liabilities 2,010      
Estimated Fair Value        
Assets        
Real estate securities, available-for-sale 2,032      
Real estate securities, available-for-sale - pledged as collateral 326,878      
Real estate related and other loans, held-for-sale, net 64,575      
Residential mortgage loans, held-for-sale, net 259      
Cash and cash equivalents 126,970      
Restricted cash 7,213      
Non-hedge derivative assets 364      
Liabilities        
Repurchase agreements 310,630      
Credit facilities and obligations under capital leases 117,872      
Junior subordinated notes payable 26,714      
Non-hedge derivative liabilities $ 2,010