Quarterly report pursuant to Section 13 or 15(d)

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

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REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Schedule of Loans (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2016
USD ($)
loan
Loan
Financing Receivable, Impaired [Line Items]  
Outstanding Face Amount $ 246,517
Carrying Value $ 155,075
Loan Count | loan 7
Delinquent face amount $ 63,454
Mezzanine Loans  
Financing Receivable, Impaired [Line Items]  
Outstanding Face Amount 37,200
Carrying Value 19,433
Valuation Allowance (Reversal) $ 0
Loan Count | Loan 3
Weighted Average Yield 8.00%
Weighted Average Coupon 8.27%
Weighted Average Life (Years) 1 month 6 days
Floating Rate Loans as % of Face Amount 100.00%
Delinquent face amount $ 17,767
Corporate Bank Loans  
Financing Receivable, Impaired [Line Items]  
Outstanding Face Amount 209,317
Carrying Value 135,642
Valuation Allowance (Reversal) $ 2,192
Loan Count | Loan 4
Weighted Average Yield 22.47%
Weighted Average Coupon 18.30%
Weighted Average Life (Years) 9 months 6 days
Floating Rate Loans as % of Face Amount 0.00%
Delinquent face amount $ 45,687
Total Real Estate Related and other Loans Held-for-Sale, Net  
Financing Receivable, Impaired [Line Items]  
Outstanding Face Amount 246,517
Carrying Value 155,075
Valuation Allowance (Reversal) $ 2,192
Loan Count | Loan 7
Weighted Average Yield 20.65%
Weighted Average Coupon 16.79%
Weighted Average Life (Years) 8 months 6 days
Floating Rate Loans as % of Face Amount 15.10%
Delinquent face amount $ 63,454
Residential Mortgage Loans Held-for-Sale, Net  
Financing Receivable, Impaired [Line Items]  
Outstanding Face Amount 780
Carrying Value 446
Valuation Allowance (Reversal) $ 6
Loan Count | Loan 3
Weighted Average Yield 64.76%
Weighted Average Coupon 2.83%
Weighted Average Life (Years) 1 year 9 months 6 days
Floating Rate Loans as % of Face Amount 100.00%
Delinquent face amount $ 628
Subprime Mortgage Loans Subject to Call Option  
Financing Receivable, Impaired [Line Items]  
Outstanding Face Amount 372,874
Carrying Value $ 372,874