Annual report pursuant to Section 13 and 15(d)

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Details Narrative)

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TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Details Narrative) (USD $)
In Thousands, except Share data, unless otherwise specified
 1 Months Ended 3 Months Ended 12 Months Ended 12 Months Ended
Jan. 31, 2011
Apr. 30, 2010
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Subprime Portfolio I
Dec. 31, 2013
Subprime Portfolio II
Dec. 31, 2013
Manager
Dec. 31, 2012
Manager
Dec. 31, 2013
Blue Harbor
Dec. 31, 2012
Blue Harbor
Dec. 31, 2013
Holiday
Dec. 31, 2013
Affiliates
Dec. 31, 2012
Affiliates
Dec. 31, 2011
Affiliates
Dec. 31, 2013
Senior Living Assets - Tranche 1
Dec. 31, 2013
Senior Living Assets - Tranche 2
Manager Advisory Fee     1.50%               1.50%                          
Incentive compensation percentage     $ 0.025               $ 0.025                          
Simple interest rate in incentive calculation     10.00%               10.00%                          
Management fees paid, as a percentage of effective gross income                                             5% of effective gross income 6% of the property's gross income for the first two years and 7% thereafter
Management Fees                     $ 32,600 [1] $ 24,200 [1]     $ 27,600 $ 23,100 $ 3,500 $ 1,100 $ 1,500          
Reimbursements paid to Senior Housing Managers                     23,900 7,900                        
Shares held by Fortress and affiliates in Newcastle     6,400,000               6,400,000                          
Stock Options outstanding     30,542,553       13,409,275       30,542,553 13,409,275     27,492,983 9,685,338                
Due to affiliates     5,878       3,579       5,878 3,579                        
Servicing fee percentage                         0.50% 0.50%                    
Total securitized loans (unpaid principal balance)     879,281 [2]               879,281 [2]   372,661 [2],[3] 506,620 [2],[3]                    
Cash investments made in affiliates or related companies 47,000 75,000                                            
Expected yield   22.00%                                            
Origination fee 2.00%                                              
Real estate securities     984,263 [4]       1,691,575 [4]       984,263 [4] 1,691,575 [4]     185,600                  
Interest income     $ 42,073 $ 47,486 $ 62,824 $ 61,332 $ 59,186 $ 72,947 $ 77,956 $ 72,862 $ 213,715 $ 282,951               $ 36,500 $ 25,800 $ 22,500    
[1] During 2013, Newcastle paid management fees of $27.6 million, $3.5 million and $1.5 million to its Manager, Blue Harbor and Holiday, respectively. In 2012, Newcastle paid management fees of $23.1 million and $1.1 million to its Manager and Blue Harbor, respectively.
[2] Average loan seasoning of 101 months and 83 months for Subprime Portfolios I and II, respectively, at December 31, 2013.
[3] Audited.
[4] See Note 13 regarding the estimation of fair value, which is equal to carrying value for all securities.