Annual report pursuant to Section 13 and 15(d)

REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Schedule of Loans (Details)

v3.3.1.900
REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Schedule of Loans (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2015
USD ($)
loan
Dec. 31, 2014
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Outstanding Face Amount $ 238,449  
Carrying Value $ 149,198  
Loan Count | loan 7  
Weighted Average Yield 20.54%  
Wtd Avg Coupon 16.88%  
Weighted Average Life (Years) 11 months 6 days  
Mezzanine Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Outstanding Face Amount $ 37,200  
Carrying Value 19,433 $ 103,582
Valuation Allowance (Reversal) $ 4,386  
Loan Count | loan 3  
Weighted Average Yield 8.00% 7.79%
Wtd Avg Coupon 8.27%  
Weighted Average Life (Years) 4 months  
Floating Rate Loans as a % of Face Amount 100.00%  
Delinquent Face Amount $ 17,767  
Corporate Bank Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Outstanding Face Amount 201,249  
Carrying Value 129,765 $ 107,715
Valuation Allowance (Reversal) $ 5,218  
Loan Count | loan 4  
Weighted Average Yield 22.42% 22.08%
Wtd Avg Coupon 18.47%  
Weighted Average Life (Years) 1 year  
Floating Rate Loans as a % of Face Amount 0.00%  
Delinquent Face Amount $ 45,687  
B-Notes    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Outstanding Face Amount 0  
Carrying Value 0 $ 18,748
Valuation Allowance (Reversal) $ 0  
Loan Count | loan 0  
Weighted Average Yield 0.00% 12.00%
Wtd Avg Coupon 0.00%  
Weighted Average Life (Years) 0 years  
Floating Rate Loans as a % of Face Amount 0.00%  
Delinquent Face Amount $ 0  
Whole Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Outstanding Face Amount 0  
Carrying Value 0 $ 155
Valuation Allowance (Reversal) $ 0  
Loan Count | loan 0  
Weighted Average Yield 0.00% 4.00%
Wtd Avg Coupon 0.00%  
Weighted Average Life (Years) 0 years  
Floating Rate Loans as a % of Face Amount 0.00%  
Delinquent Face Amount $ 0  
Total Real Estate Related and other Loans Held-for-Sale, Net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Outstanding Face Amount 238,449  
Carrying Value 149,198 $ 230,200
Valuation Allowance (Reversal) $ 9,604  
Loan Count | loan 7  
Weighted Average Yield 20.54% 14.82%
Wtd Avg Coupon 16.88%  
Weighted Average Life (Years) 11 months  
Floating Rate Loans as a % of Face Amount 15.60%  
Delinquent Face Amount $ 63,454  
Residential Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Outstanding Face Amount 922  
Carrying Value 532  
Total Residential Mortgage Loans Held-for-Sale, Net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Outstanding Face Amount 922  
Carrying Value 532 $ 3,854
Valuation Allowance (Reversal) $ 96  
Loan Count | loan 4  
Weighted Average Yield 62.02% 23.48%
Wtd Avg Coupon 2.84%  
Weighted Average Life (Years) 1 year 7 months  
Floating Rate Loans as a % of Face Amount 100.00%  
Delinquent Face Amount $ 766  
Subprime Mortgage Loans Subject to Call Option    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Outstanding Face Amount 380,806  
Carrying Value $ 380,806 $ 406,217