Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE - Loan Valuation (Details 5)

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FAIR VALUE - Loan Valuation (Details 5)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Balance at September 30, 2015 $ 142,802 [1]
Mezzanine Loans [Member]  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Balance at September 30, 2015 19,433 [2]
Fair Value $ 19,433
Constant Default Rate 8.00%
Loss Severity 47.80%
Mezzanine Loans [Member] | Lower Range  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Discount Rate 0.00%
Loss Severity 0.00%
Mezzanine Loans [Member] | Upper Range  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Discount Rate 8.00%
Loss Severity 100.00%
Corporate Bank Loans [Member]  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Balance at September 30, 2015 $ 123,369 [2]
Fair Value $ 139,441
Constant Default Rate 22.40%
Loss Severity 23.70%
Corporate Bank Loans [Member] | Lower Range  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Discount Rate 0.00%
Loss Severity 0.00%
Corporate Bank Loans [Member] | Upper Range  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Discount Rate 22.50%
Loss Severity 100.00%
Total Real Estate Related and Other Loans Held-for-Sale, Net [Member]  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Balance at September 30, 2015 $ 142,802 [2]
Fair Value 158,874
Residential Loans [Member]  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Balance at September 30, 2015 569
Fair Value $ 603
Discount Rate 69.30%
Prepayment Speed 0.90%
Constant Default Rate 83.70%
Loss Severity 22.40%
Total Residential Mortgage Loans Held-For-Sale [Member]  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Balance at September 30, 2015 $ 569 [2]
Fair Value $ 603
[1] Based on the final extended maturity date of each loan investment as of September 30, 2015.
[2] Carrying value includes negligible interest receivable for the residential housing loans.