Annual report pursuant to Section 13 and 15(d)

Schedule of Real Estate Loans and Other Receivables (Details)

v2.4.0.6
Schedule of Real Estate Loans and Other Receivables (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Outstanding Face Amount $ 1,121,085  
Carrying Value (A) 843,132  
Loan Count 33  
Mezzanine Loans
    
Outstanding Face Amount 527,793  
Carrying Value (A) 442,529 469,326
Loan Count 17  
Wtd. Average Yield 10.10% 10.35%
Weighted Average Coupon 8.57%  
Weighted Average Maturity (Years) 2.2  
Floating Rate Loans as a % of Face Amount 67.00%  
Delinquent Face Amount (C) 12,000  
Corporate Bank Loans
    
Outstanding Face Amount 391,904  
Carrying Value (A) 208,863 161,153
Loan Count 7  
Wtd. Average Yield 18.85% 21.79%
Weighted Average Coupon 8.66%  
Weighted Average Maturity (Years) 3.6  
Floating Rate Loans as a % of Face Amount 47.80%  
Delinquent Face Amount (C)     
B-Notes
    
Outstanding Face Amount 171,258  
Carrying Value (A) 161,610 152,535
Loan Count 6  
Wtd. Average Yield 10.40% 12.25%
Weighted Average Coupon 5.37%  
Weighted Average Maturity (Years) 2.1  
Floating Rate Loans as a % of Face Amount 86.40%  
Delinquent Face Amount (C)     
Whole Loans
    
Outstanding Face Amount 30,130  
Carrying Value (A) 30,130 30,566
Loan Count 3  
Wtd. Average Yield 5.21% 5.31%
Weighted Average Coupon 3.82%  
Weighted Average Maturity (Years) 1.1  
Floating Rate Loans as a % of Face Amount 96.60%  
Delinquent Face Amount (C)     
Total Real Estate Related Loans Held for Sale
    
Outstanding Face Amount 1,121,085  
Carrying Value (A) 843,132 813,580
Loan Count 33  
Wtd. Average Yield 12.15% 12.78%
Weighted Average Coupon 7.98%  
Weighted Average Maturity (Years) 2.6  
Floating Rate Loans as a % of Face Amount 64.00%  
Delinquent Face Amount (C) 12,000  
Non-Securitized Manufacturing Housing Loan Portfolio I
    
Outstanding Face Amount 573  
Carrying Value (A) 163 199
Loan Count 15  
Wtd. Average Yield 38.84% 39.80%
Weighted Average Coupon 7.75%  
Weighted Average Maturity (Years) 0.7  
Floating Rate Loans as a % of Face Amount 0.00%  
Delinquent Face Amount (C) 103  
Non-Securitized Manufacturing Housing Loan Portfolio II
    
Outstanding Face Amount 3,072  
Carrying Value (A) 2,308 2,488
Loan Count 115  
Wtd. Average Yield 15.46% 15.54%
Weighted Average Coupon 10.03%  
Weighted Average Maturity (Years) 5.5  
Floating Rate Loans as a % of Face Amount 9.10%  
Delinquent Face Amount (C) 346  
Total Residential Mortgage Loans Held For Sale
    
Outstanding Face Amount 3,645  
Carrying Value (A) 2,471 2,687
Loan Count 130  
Wtd. Average Yield 17.00% 17.34%
Weighted Average Coupon 9.67%  
Weighted Average Maturity (Years) 4.7  
Floating Rate Loans as a % of Face Amount 7.70%  
Delinquent Face Amount (C) 449  
Securitized Manufacturing Housing Loan Portfolio I
    
Outstanding Face Amount 118,746  
Carrying Value (A) 100,124 112,316
Loan Count 3,172  
Wtd. Average Yield 9.48% 9.51%
Weighted Average Coupon 8.66%  
Weighted Average Maturity (Years) 6.8  
Floating Rate Loans as a % of Face Amount 0.80%  
Delinquent Face Amount (C) 1,558  
Securitized Manufacturing Housing Loan Portfolio II
    
Outstanding Face Amount 153,193  
Carrying Value (A) 150,123 175,120
Loan Count 5,381  
Wtd. Average Yield 7.54% 7.55%
Weighted Average Coupon 9.63%  
Weighted Average Maturity (Years) 5.6  
Floating Rate Loans as a % of Face Amount 16.80%  
Delinquent Face Amount (C) 2,775  
Residential Mortgage Loans
    
Outstanding Face Amount 56,131  
Carrying Value (A) 42,214 43,800
Loan Count 198  
Wtd. Average Yield 7.41% 7.92%
Weighted Average Coupon 2.56%  
Weighted Average Maturity (Years) 6.2  
Floating Rate Loans as a % of Face Amount 100.00%  
Delinquent Face Amount (C) 9,852  
Total Residential Mortgage Loans Held For Investment
    
Outstanding Face Amount 328,070  
Carrying Value (A) 292,461 331,236
Loan Count 8,751  
Wtd. Average Yield 8.19% 8.26%
Weighted Average Coupon 8.07%  
Weighted Average Maturity (Years) 6.1  
Floating Rate Loans as a % of Face Amount 25.20%  
Delinquent Face Amount (C) 14,185  
Subprime Mortgage Loans Subject to Call
    
Outstanding Face Amount 406,217  
Carrying Value (A) $ 405,814 $ 404,723