Current report filing

Schedule of Large Loans (Details)

v2.4.0.8
Schedule of Large Loans (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Outstanding Face Amount $ 1,121,085 [1]
Carrying Value (A) 843,132 [1]
Loan Count 33 [1]
Individual Bank Loan (3)
  
Outstanding Face Amount 158,991 [2]
Carrying Value (A) 128,991 [2]
Prior Liens (1) 607,130 [2],[3]
Loan Count 1 [2]
Wtd. Average Yield 24.85% [2],[4]
Weighted Average Coupon 15.55% [2],[4]
Weighted Average Maturity (Years) 6.50 [2]
Individual Mezzanine Loan (5)
  
Outstanding Face Amount 68,741 [5]
Carrying Value (A) 68,741 [5]
Prior Liens (1) 721,776 [3],[5]
Loan Count 1 [5]
Wtd. Average Yield 8.65% [4],[5]
Weighted Average Coupon 8.65% [4],[5]
Weighted Average Maturity (Years) 3.50 [5]
Individual Mezzanine Loan (4)
  
Outstanding Face Amount 53,510 [6]
Carrying Value (A) 53,510 [6]
Prior Liens (1) 815,728 [3],[6]
Loan Count 1 [6]
Wtd. Average Yield 10.00% [4],[6]
Weighted Average Coupon 10.46% [4],[6]
Weighted Average Maturity (Years) 1.50 [6]
Individual B-Note Loan (4)
  
Outstanding Face Amount 50,000 [6]
Carrying Value (A) 50,000 [6]
Prior Liens (1) 225,000 [3],[6]
Loan Count 1 [6]
Wtd. Average Yield 8.54% [4],[6]
Weighted Average Coupon 5.93% [4],[6]
Weighted Average Maturity (Years) 3.25 [6]
Individual Bank Loan (6)
  
Outstanding Face Amount 128,230 [7]
Carrying Value (A) 47,637 [7]
Prior Liens (1)    [3],[7]
Loan Count 1 [7]
Wtd. Average Yield 6.28% [4],[7]
Weighted Average Coupon 2.22% [4],[7]
Weighted Average Maturity (Years) 1.66 [7]
Individual B-Note Loan (4)
  
Outstanding Face Amount 53,574 [6]
Carrying Value (A) 46,672 [6]
Prior Liens (1) 2,065,615 [3],[6]
Loan Count 1 [6]
Wtd. Average Yield 12.00% [4],[6]
Weighted Average Coupon 3.09% [4],[6]
Weighted Average Maturity (Years) 1.75 [6]
Individual Mezzanine Loan (4)
  
Outstanding Face Amount 45,000 [6]
Carrying Value (A) 45,000 [6]
Prior Liens (1) 317,000 [3],[6]
Loan Count 1 [6]
Wtd. Average Yield 9.95% [4],[6]
Weighted Average Coupon 9.25% [4],[6]
Weighted Average Maturity (Years) 2.00 [6]
Individual Mezzanine Loan (4)
  
Outstanding Face Amount 40,000 [6]
Carrying Value (A) 40,000 [6]
Prior Liens (1) 324,940 [3],[6]
Loan Count 1 [6]
Wtd. Average Yield 8.42% [4],[6]
Weighted Average Coupon 8.00% [4],[6]
Weighted Average Maturity (Years) 1.17 [6]
Individual Mezzanine Loan (4)
  
Outstanding Face Amount 38,510 [6]
Carrying Value (A) 38,510 [6]
Prior Liens (1) 815,728 [3],[6]
Loan Count 1 [6]
Wtd. Average Yield 12.00% [4],[6]
Weighted Average Coupon 12.19% [4],[6]
Weighted Average Maturity (Years) 1.50 [6]
Individual Mezzanine Loan (4)
  
Outstanding Face Amount 36,485 [6]
Carrying Value (A) 36,485 [6]
Prior Liens (1) 214,243 [3],[6]
Loan Count 1 [6]
Wtd. Average Yield 8.67% [4],[6]
Weighted Average Coupon 8.00% [4],[6]
Weighted Average Maturity (Years) 1.58 [6]
Individual Mezzanine Loan (4)
  
Outstanding Face Amount 36,667 [6]
Carrying Value (A) 35,017 [6]
Prior Liens (1) 745,600 [3],[6]
Loan Count 1 [6]
Wtd. Average Yield 8.00% [4],[6]
Weighted Average Coupon 7.00% [4],[6]
Weighted Average Maturity (Years) 3.25 [6]
Individual Whole Loan (7)
  
Outstanding Face Amount 29,117 [8]
Carrying Value (A) 29,117 [8]
Prior Liens (1)    [3],[8]
Loan Count 1 [8]
Wtd. Average Yield 5.15% [4],[8]
Weighted Average Coupon 3.69% [4],[8]
Weighted Average Maturity (Years) 1.12 [8]
Others (8)
  
Outstanding Face Amount 382,260 [9]
Carrying Value (A) 223,452 [9]
Loan Count 21 [9]
Wtd. Average Yield 11.78% [4],[9]
Weighted Average Coupon 7.11% [4],[9]
Weighted Average Maturity (Years) 1.86 [9]
Total Large Loans
  
Outstanding Face Amount 1,121,085
Carrying Value (A) $ 843,132
Loan Count 33
Wtd. Average Yield 12.15% [4]
Weighted Average Coupon 7.98% [4]
Weighted Average Maturity (Years) 2.62
[1] (1) Based on the final extended maturity date of each loan investment as of December 31, 2012.
[2] (3) Interest accrued to principal balance over life to maturity with a discounted payoff option prior to April 2015.
[3] (1) Represents face amount of third party liens that are senior to Newcastle's position.
[4] (2) For others, represents weighted average yield and weighted average coupon.
[5] (5) Principal repayment based on a 30-year amortization schedule after July 2013.
[6] (4) Interest only payments over life to maturity and balloon principal payment upon maturity.
[7] (6) Annual amortization payment equal to 50% of excess cash flow.
[8] (7) Interest only payment over life to maturity with a discontinued pay off option prior to April 2014.
[9] (8) Various terms of payment. This represents $104.7 million, $208.9 million, $67.7 million and $1.0 million face amounts of bank loans, mezzanine loans, B-notes and whole loans, respectively. Each of the twenty one loans had a carrying value of less than $25.3 million at December 31, 2012.