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DEBT OBLIGATIONS (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | 9 Months Ended | 1 Months Ended | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Sep. 30, 2013
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Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Dec. 31, 2012
|
Sep. 30, 2013
Bank of America
|
Sep. 30, 2013
Barclays
|
Sep. 30, 2013
Citi
|
Sep. 30, 2013
Goldman Sachs
|
Sep. 30, 2013
Nomura
|
Sep. 30, 2013
Subsequent To Balance Sheet Date
|
Sep. 30, 2013
Interest rate swaps, designated as hedges
|
Dec. 31, 2012
Interest rate swaps, designated as hedges
|
Sep. 30, 2013
CDO IV Bonds Payable
Interest rate swaps, designated as hedges
|
Sep. 30, 2013
Total Repurchase Agreements
|
Sep. 30, 2013
Utah Senior Living Facilities
|
Sep. 30, 2013
Courtyards Senior Living Facilities
|
Sep. 30, 2013
Junior Subordinated Debt
|
Sep. 30, 2013
Florida Facilities - Freddie Mac Financing
|
Sep. 30, 2013
Florida Facilities - Seller Financing
|
Jun. 30, 2013
CDO IV Divestiture
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Jun. 30, 2013
CDO VIII Bonds Payable
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| Notional Amount of Derivatives | $ 105,393 | $ 154,450 | $ 88,700 | |||||||||||||||||||
| Eliminated in consolidation amount of notes payable relating to MH Loan Portfolio I sold to certain Newcastle CDOs | 20,500 | 20,500 | ||||||||||||||||||||
| Interest Payable | 500 | |||||||||||||||||||||
| Repurchase agreements | 262,400 | 18,500 | 38,400 | 9,800 | 47,800 | 376,900 | ||||||||||||||||
| LIBOR Floor | 1.00% | 1.00% | ||||||||||||||||||||
| Variable rate description | LIBOR+2.25% after April 2016 | 4% the first two years; 5.99% to 6.76% the remaining term | First two years based on US Treasury Security rates; Years 3 to 5: 4.5%, 4.75% and 5.0% | |||||||||||||||||||
| CDO Bonds Payable | ||||||||||||||||||||||
| Repurchase of CDO Bonds Payable - Face | 35,900 | 35,900 | ||||||||||||||||||||
| Repurchase of CDO Bonds Payable - Pay Amount | 31,300 | 31,300 | ||||||||||||||||||||
| Gain on extinguishment of debt | 3,359 | 2,345 | 4,565 | 23,127 | ||||||||||||||||||
| CDO IV | ||||||||||||||||||||||
| Percentage divestiture of CDO IV | 100.00% | |||||||||||||||||||||
| Face amount of collateral sold in CDO IV | 153,400 | |||||||||||||||||||||
| Percentage of par of CDO IV sale | 95.00% | |||||||||||||||||||||
| Net proceeds from sale of CDO IV | 145,200 | |||||||||||||||||||||
| Payment of outstanding third party debt in sale transaction | 71,900 | |||||||||||||||||||||
| Gross proceeds form sale of CDO IV | 73,100 | |||||||||||||||||||||
| Amount from sale of CDO IV received in CDO VIII | 5,300 | |||||||||||||||||||||
| Par recovery | 59,500 | |||||||||||||||||||||
| Percentage of Par previously repurchased at | 52.00% | |||||||||||||||||||||
| Proceeds on subordinated interests | 8,000 | |||||||||||||||||||||
| Comprehensive income | 32,093 | 328,960 | 166,549 | 525,429 | (600) | |||||||||||||||||
| Net gain on sale of assets | 4,200 | |||||||||||||||||||||
| Gain on hedge termination | 800 | |||||||||||||||||||||
| CDO VIII | ||||||||||||||||||||||
| Purchase of securities - face amount | 116,800 | |||||||||||||||||||||
| Purchase of securities - pay amount | 103,100 | |||||||||||||||||||||
| Percentage of par of securities | 88.30% | |||||||||||||||||||||
| Repurchase agreements | $ 376,886 | $ 376,886 | $ 929,435 | $ 60,000 | ||||||||||||||||||
| Interest rate terms of repurchase agreement | LIBOR plus 150 bps | |||||||||||||||||||||