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TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Details Narrative) (USD $)
In Thousands, except Share data, unless otherwise specified |
1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 2 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Jan. 31, 2011
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Apr. 30, 2010
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Apr. 30, 2006
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Dec. 31, 2012
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Dec. 31, 2011
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Feb. 28, 2013
Principals and Officers
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Jan. 31, 2013
Principals and Officers
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Jul. 31, 2012
Principals and Officers
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Sep. 30, 2011
Principals and Officers
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Dec. 31, 2012
Affiliated Entities of the Manager
|
Dec. 31, 2011
Affiliated Entities of the Manager
|
Dec. 31, 2010
Affiliated Entities of the Manager
|
Dec. 31, 2012
Subprime Portfolio I
|
Dec. 31, 2012
Subprime Portfolio II
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Feb. 28, 2013
Real Estate Related Loans
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Dec. 31, 2012
Real Estate Related Loans
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Dec. 31, 2012
Nationwide non-Agency RMBS
|
Dec. 31, 2009
Third Party
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| Manager Advisory Fee | 1.50% | |||||||||||||||||
| Management Fee description - incentive return |
To provide an incentive for the Manager to enhance the value of the common stock, the Manager is entitled to receive an incentive return (the "Incentive Compensation'') on a cumulative, but not compounding, basis in an amount equal to the product of (A) 25% of the dollar amount by which (1) (a) the Funds from Operations (defined as the net income available for common stockholders before Incentive Compensation, excluding extraordinary items, plus depreciation of operating real estate and after adjustments for unconsolidated subsidiaries, if any) of Newcastle per share of common stock (based on the weighted average number of shares of common stock outstanding) plus (b) gains (or losses) from debt restructuring and from sales of property and other assets per share of common stock (based on the weighted average number of shares of common stock outstanding), exceed (2) an amount equal to (a) the weighted average of the price per share of common stock in the IPO and the value attributed to the net assets transferred to Newcastle by its predecessor, and in any subsequent offerings by Newcastle (adjusted for prior return of capital dividends or capital distributions) multiplied by (b) a simple interest rate of 10% per annum (divided by four to adjust for quarterly calculations) multiplied by (B) the weighted average number of shares of common stock outstanding. |
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| Property Management fees for Senior Living Properties |
ursuant to the management agreement for each property, Newcastle pays management fees equal to 6% of the propertys gross income (as defined in the agreements) for the first two years and 7% thereafter. Newcastle will reimburse the manager for certain expenses, |
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| Shares purchased by principals of Fortress and Officers of Newcastle | 191,000 | 213,900 | 450,000 | 1,314,780 | 1,100,000 | |||||||||||||
| Shares held by Fortress and affiliates in Newcastle | 4,900,000 | |||||||||||||||||
| Options held by Fortress and affiliates in Newcastle | 9,685,338 | 5,998,947 | ||||||||||||||||
| Due to affiliates | $ 3,620 | $ 1,659 | ||||||||||||||||
| Servicing fee on unpaid principal balance of Subprime Portfolios | 0.50% | |||||||||||||||||
| Total securitized loans (unpaid principal balance) (A) | 988,441 | 423,872 | 564,569 | 433,500 | ||||||||||||||
| Cash investments made in affiliated/related companies | 47,000 | 75,000 | ||||||||||||||||
| Total UPB of Nationstar serviced non-Agency RMBS | 5,700,000 | |||||||||||||||||
| Face amount of real estate related loans purchased | 186,400 | 51,600 | ||||||||||||||||
| Purchase price of real estate related loans purchased | 66,200 | 18,000 | ||||||||||||||||
| Real estate related loans, held-for-sale, net | 843,132 | 813,580 | 395,200 | 161,600 | ||||||||||||||
| Carrying value | 60,000 | |||||||||||||||||
| Interest income | $ 25,800 | $ 22,500 | $ 22,200 | |||||||||||||||