Annual report pursuant to Section 13 and 15(d)

DEBT OBLIGATIONS (Details Narrative)

v2.4.1.9
DEBT OBLIGATIONS (Details Narrative) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended 1 Months Ended
Dec. 31, 2014
Rounds
Jul. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Debt amount subject to specific conditions $ 1,318,167us-gaap_DebtLongtermAndShorttermCombinedAmount      
Debt Face Amount 1,318,167us-gaap_DebtInstrumentFaceAmount   1,953,327us-gaap_DebtInstrumentFaceAmount [1] 2,786,059us-gaap_DebtInstrumentFaceAmount
Nomura [Member]        
Repurchase agreements 385,300us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_CounterpartyNameAxis
= nct_NomuraMember 		     
Bank of America [Member]        
Repurchase agreements 55,900us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_CounterpartyNameAxis
= nct_BankOfAmericaMember 		     
Subsequent To Balance Sheet Date [Member]        
Repurchase agreements 436,000us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember 		     
Golf Vineyard II [Member]        
Principal payment amount 40,000us-gaap_DebtInstrumentPeriodicPaymentPrincipal
/ us-gaap_DebtInstrumentAxis
= nct_GolfVineyardIIMember 		     
Debt Face Amount 200us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= nct_GolfVineyardIIMember 		[2]      
Rounds of golf 240,000nct_RoundsOfGolf
/ us-gaap_DebtInstrumentAxis
= nct_GolfVineyardIIMember 		     
Total Golf Credit Facilities [Member]        
Debt Face Amount 161,857us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= nct_GolfCreditFacilitiesMember 		[2]   152,498us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= nct_GolfCreditFacilitiesMember 		[1]  
Unused borrowing capacity 4,600us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= nct_GolfCreditFacilitiesMember 		     
Amount of debt subject to working capital hold-back 4,600nct_AmountOfDebtSubjectToWorkingCapitalHoldback
/ us-gaap_DebtInstrumentAxis
= nct_GolfCreditFacilitiesMember 		     
Maximum interest that may be paid on working capital hold-back 2,500nct_MaximumInterestThatMayBePaidOnWorkingCapitalHoldback
/ us-gaap_DebtInstrumentAxis
= nct_GolfCreditFacilitiesMember 		     
Golf Second Lien Loan [Member]        
Debt amount subject to specific conditions 105,600us-gaap_DebtLongtermAndShorttermCombinedAmount
/ us-gaap_DebtInstrumentAxis
= nct_GolfSecondLienLoanMember 		     
Effective interest rate 5.50%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= nct_GolfSecondLienLoanMember 		     
Debt Face Amount 105,575us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= nct_GolfSecondLienLoanMember 		[2]   105,576us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= nct_GolfSecondLienLoanMember 		[1]  
Golf First Lien Loan [Member]        
Debt amount subject to specific conditions 54,500us-gaap_DebtLongtermAndShorttermCombinedAmount
/ us-gaap_DebtInstrumentAxis
= nct_GolfFirstLienLoanAMember 		     
Variable rate description 3 month LIBOR [2],[3],[4]      
LIBOR Floor 0.50%us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum
/ us-gaap_DebtInstrumentAxis
= nct_GolfFirstLienLoanAMember 		     
Interest rate cap 4.79%us-gaap_DerivativeCapInterestRate
/ us-gaap_DebtInstrumentAxis
= nct_GolfFirstLienLoanAMember 		     
Description of interest rate LIBOR      
Debt Face Amount 49,923us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= nct_GolfFirstLienLoanAMember 		[2]   46,922us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= nct_GolfFirstLienLoanAMember 		[1]  
Variable interest rate spread 4.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= nct_GolfFirstLienLoanAMember 		[2],[3],[4]      
Principal funded 49,900nct_PrincipalFunded
/ us-gaap_DebtInstrumentAxis
= nct_GolfFirstLienLoanAMember 		     
Notional Balance of Derivative Assets 94,000us-gaap_CashFlowHedgeDerivativeInstrumentAssetsAtFairValue
/ us-gaap_DebtInstrumentAxis
= nct_GolfFirstLienLoanAMember 		     
FNMA/FHLMC Securities Repurchase Agreements [Member]        
Effective interest rate 0.36%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= nct_USGovernmentAgenciesDebtSecurities1Member 		     
Debt Face Amount 385,282us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= nct_USGovernmentAgenciesDebtSecurities1Member 		[5]   516,134us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= nct_USGovernmentAgenciesDebtSecurities1Member 		[1]  
CDO Securities Repurchase Agreements [Member]        
Margin exposure 441,200nct_DebtMarginExposure
/ us-gaap_DebtInstrumentAxis
= nct_CDODebtSecuritiesMember 		     
Variable rate description LIBOR [3],[5],[6] one month LIBOR    
Debt Face Amount 55,894us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= nct_CDODebtSecuritiesMember 		[5],[6] 20,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= nct_CDODebtSecuritiesMember 		15,094us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= nct_CDODebtSecuritiesMember 		[1],[6]  
Variable interest rate spread 1.65%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= nct_CDODebtSecuritiesMember 		[3],[5],[6] 1.65%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= nct_CDODebtSecuritiesMember 		   
Final Stated Maturity   Aug 2014    
Proceeds from repurchase financing   12,000us-gaap_ProceedsFromSecuritiesPurchasedUnderAgreementsToResell
/ us-gaap_DebtInstrumentAxis
= nct_CDODebtSecuritiesMember 		   
Junior Subordinated Notes Payable [Member]        
Debt Face Amount 51,004us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= us-gaap_JuniorSubordinatedDebtMember 		  51,004us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= us-gaap_JuniorSubordinatedDebtMember 		[1]  
CDO VI Bonds Payable [Member]        
Debt Face Amount 92,462us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= nct_CDOVIMember 		[7]   92,018us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= nct_CDOVIMember 		[1],[7]  
CDO VI Bonds Payable [Member] | Interest rate swaps [Member] | Not designated as hedging instrument [Member]        
Notional Amount of Derivatives 46,500us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DebtInstrumentAxis
= nct_CDOVIMember
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember 		     
Fixed Rate Triple Net Lease Properties - Tranche 1 [Member]        
Debt amount subject to specific conditions 358,400us-gaap_DebtLongtermAndShorttermCombinedAmount
/ us-gaap_DebtInstrumentAxis
= nct_MortgageNotesPayableFixedTripleNet1Member 		     
Effective interest rate 4.00%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= nct_MortgageNotesPayableFixedTripleNet1Member 		     
Fixed Rate Managed Properties - Tranche 1 [Member]        
Debt amount subject to specific conditions 40,700us-gaap_DebtLongtermAndShorttermCombinedAmount
/ us-gaap_DebtInstrumentAxis
= nct_MortgageNotesPayableFixed1Member 		     
Upper Range        
Interest Payable $ 100us-gaap_InterestPayableCurrentAndNoncurrent
/ us-gaap_RangeAxis
= us-gaap_MaximumMember 		     
Golf Investments [Member]        
Lease term 66 months      
Golf Investments [Member] | Capital leases - equipment | Lower Range        
Lease term 36 months      
Golf Investments [Member] | Capital leases - equipment | Upper Range        
Lease term 60 months      
[1] This CDO was not in compliance with its applicable over collateralization tests as of December 31, 2014. Newcastle is not receiving cash flows from this CDO (other than senior management fees and cash flows on senior classes of bonds that were repurchased), since net interest is being used to repay debt, and expects this CDO to remain out of compliance for the forseeable future.
[2] The golf credit facilities are collateralized by all of the assets of the Golf business.
[3] Weighted average, including floating and fixed rate classes.
[4] Interest rate on this is based on 3 month LIBOR with a LIBOR floor of 0.5%.
[5] These repurchase agreements had less than $0.1 million accrued interest payable at December 31, 2014. $436.0 million face amount of these repurchase agreements were renewed subsequent to December 31, 2014. The counterparties on these repurchase agreements are Bank of America ($55.9 million) and Nomura ($385.3 million). Newcastle has margin exposure on $441.2 million of repurchase agreements related to the financing of certain Newcastle CDO VIII, CDO IX notes and FNMA/FHLMC securities. To the extent that the value of the collateral underlying these repurchase agreements declines, Newcastle may be required to post margin, which could significantly impact its liquidity.
[6] Represents financings of previously repurchased Newcastle CDO bonds for which the collateral is eliminated in consolidation.
[7] This CDO was not in compliance with its applicable over collateralization tests as of December 31, 2014. Newcastle is not receiving cash flows from this CDO (other than senior management fees and cash flows on senior classes of bonds that were repurchased), since net interest is being used to repay debt, and expects this CDO to remain out of compliance for the foreseeable future.