Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS (Details Narrative)

v2.4.1.9
DEBT OBLIGATIONS (Details Narrative) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Unused borrowing capacity 3,100us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
Bank of America [Member]  
Repurchase agreements 35,700us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_CounterpartyNameAxis
= nct_BankOfAmericaMember
Nomura [Member]  
Repurchase agreements 386,100us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_CounterpartyNameAxis
= nct_NomuraMember
Sale of Real Estate - Beavercreek, OH [Member]  
Repurchase agreements 386,300us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
Junior Subordinated Notes Payable [Member]  
Description of interest rate LIBOR
Variable interest rate spread 2.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_JuniorSubordinatedDebtMember
Golf First Lien Loan [Member]  
Variable rate description LIBOR [1],[2],[3]
LIBOR Floor 0.50%us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum
/ us-gaap_DebtInstrumentAxis
= nct_GolfFirstLienLoanAMember
Description of interest rate 3 month LIBOR
Variable interest rate spread 4.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= nct_GolfFirstLienLoanAMember 		[1],[2],[3]
CDO Securities Repurchase Agreements [Member]  
Interest Payable 100us-gaap_InterestPayableCurrentAndNoncurrent
/ us-gaap_DebtInstrumentAxis
= nct_CDODebtSecuritiesMember
Margin exposure 421,800nct_DebtMarginExposure
/ us-gaap_DebtInstrumentAxis
= nct_CDODebtSecuritiesMember
Variable rate description LIBOR [1],[4],[5]
Variable interest rate spread 1.65%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= nct_CDODebtSecuritiesMember 		[1],[4],[5]
Interest rate 0.37%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= nct_CDODebtSecuritiesMember
Lower Range | Capital Lease Equipment [Member]  
Capital lease term 60 months
Upper Range | Capital Lease Equipment [Member]  
Capital lease term 66 months
[1] Weighted average, including floating and fixed rate classes.
[2] The golf credit facilities are collateralized by all of the assets of the Golf business. The carrying value of the golf credit facilities are reported net of deferred financing costs of $0.4 million as of March 31, 2015.
[3] Interest rate on this is based on 3 month LIBOR with a LIBOR floor of 0.5%.
[4] Represents financings of previously repurchased Newcastle CDO bonds for which the collateral is eliminated in consolidation.
[5] These repurchase agreements had $0.1 million of accrued interest payable at March 31, 2015. Approximately $386.3 million face amount of these repurchase agreements were renewed subsequent to March 31, 2015. The counterparties on these repurchase agreements are Bank of America ($35.7 million) and Nomura ($386.1 million). Newcastle has margin exposures on a total of $421.8 million repurchase agreement 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.