Quarterly report pursuant to Section 13 or 15(d)

Schedule of Loan Valuation (Details)

v2.4.0.6
Schedule of Loan Valuation (Details) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2012
Outstanding Face Amount $ 1,102,934
Carrying Value 842,303
Mezzanine Loans
  
Outstanding Face Amount 530,343
Carrying Value 443,269
Fair Value 449,847
Valuation Allowance/(Reversal) In Current Year 7,158
Discount Rate Input Range 8.0%-25.0%
Loss Severity Input Range 0.00%-100%
Corporate Bank Loans
  
Outstanding Face Amount 334,855
Carrying Value 180,044
Fair Value 180,044
Valuation Allowance/(Reversal) In Current Year (13,969)
Discount Rate Input Range 6.2%-31.7%
Loss Severity Input Range 0.00%-100%
B-Notes
  
Outstanding Face Amount 207,494
Carrying Value 188,748
Fair Value 189,393
Valuation Allowance/(Reversal) In Current Year (4,068)
Discount Rate Input Range 6.2%-15.0%
Loss Severity Input Range 0.0%
Whole Loans
  
Outstanding Face Amount 30,242
Carrying Value 30,242
Fair Value 30,256
Valuation Allowance/(Reversal) In Current Year 0
Discount Rate Input Range 5.1%-7.1%
Loss Severity Input Range 0.0%-15.0%
Total Real Estate Related Loans Held for Sale
  
Outstanding Face Amount 1,102,934
Carrying Value 842,303
Fair Value 849,540
Valuation Allowance/(Reversal) In Current Year (10,879)
Non-Securitized Manufacturing Housing Loan Portfolio I
  
Outstanding Face Amount 591
Carrying Value 151
Fair Value 151
Valuation Allowance/(Reversal) In Current Year 16
Discount Rate Input Range 38.9%
Prepayment Speed Input Range 0.0%
Default Rate Input Range 52.9%
Loss Severity Input Range 75.0%
Non-Securitized Manufacturing Housing Loan Portfolio II
  
Outstanding Face Amount 3,144
Carrying Value 2,415
Fair Value 2,415
Valuation Allowance/(Reversal) In Current Year (498)
Discount Rate Input Range 15.5%
Prepayment Speed Input Range 5.0%
Default Rate Input Range 3.5%
Loss Severity Input Range 80.0%
Total Residential Mortgage Loans Held For Sale
  
Outstanding Face Amount 3,735
Carrying Value 2,566
Fair Value 2,566
Valuation Allowance/(Reversal) In Current Year (482)
Securitized Manufacturing Housing Loan Portfolio I
  
Outstanding Face Amount 122,453
Carrying Value 102,745
Fair Value 102,844
Valuation Allowance/(Reversal) In Current Year 135
Discount Rate Input Range 9.5%
Prepayment Speed Input Range 4.0%
Default Rate Input Range 4.0%
Loss Severity Input Range 75.0%
Securitized Manufacturing Housing Loan Portfolio II
  
Outstanding Face Amount 158,542
Carrying Value 155,933
Fair Value 156,187
Valuation Allowance/(Reversal) In Current Year 3,094
Discount Rate Input Range 7.5%
Prepayment Speed Input Range 5.0%
Default Rate Input Range 3.5%
Loss Severity Input Range 80.0%
Residential Mortgage Loans
  
Outstanding Face Amount 57,163
Carrying Value 42,692
Fair Value 43,042
Valuation Allowance/(Reversal) In Current Year 28
Discount Rate Input Range 5.0%-7.8%
Prepayment Speed Input Range 0.0%-5.0%
Default Rate Input Range 0.0%-3.0%
Loss Severity Input Range 0.0%-50.0%
Total Residential Mortgage Loans Held For Investment
  
Outstanding Face Amount 338,158
Carrying Value 301,370
Fair Value 302,073
Valuation Allowance/(Reversal) In Current Year $ 3,201