XML 91 R74.htm IDEA: XBRL DOCUMENT v2.4.0.8
Agreements and Transactions with Related Parties (Details) (USD $)
 3 Months Ended 9 Months Ended 1 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Dec. 31, 2013
Jul. 31, 2014
450 West 33rd Street
Dec. 31, 2007
450 West 33rd Street
Sep. 30, 2014
ACM
Sep. 30, 2013
ACM
Sep. 30, 2014
ACM
Sep. 30, 2013
ACM
Dec. 31, 2007
ACM
Sep. 30, 2014
Chief executive officer
Sep. 30, 2013
Chief executive officer
Sep. 30, 2014
Chief executive officer
Sep. 30, 2013
Chief executive officer
Jan. 31, 2014
Chief executive officer
Agreements and transactions with related parties                                  
Incentive fee calculation percentage                   25.00%              
Percentage of loan loss reserve recoveries used in calculation of incentive fee                   60.00%              
Period during which the loan loss reserve recoveries are to be taken into consideration for calculation of incentive fee                   3 years              
Annual interest rate used in computation of incentive fee (as a percent)                   9.50%              
Term of U.S. Treasury Rate used in computation of incentive fee                   10 years              
Basis spread added to the U.S. Treasury Rate for computation of incentive fee (as a percent)                   3.50%              
Multiplier used in computation of incentive fee                   $ 10.00              
Renewable period for management agreement                   1 year              
Prior written notice period for termination                   6 months              
Termination fee                   10,000,000              
Management Fees:                                  
Base               2,450,000 2,800,000 7,400,000 8,400,000            
Total Management fee 2,450,000 2,800,000 7,400,000 8,400,000       2,450,000 2,800,000 7,400,000 8,400,000            
Base management fee expenses due to related party               2,000,000 2,500,000 2,000,000 2,500,000            
Prepaid incentive management fee 19,047,949   19,047,949                            
Annual base compensation                                 1,000,000
Incentive fee installment recorded as prepaid management fee         19,047,949             19,000,000          
Deferred revenue recognized on transfer of control of 450 West 33rd Street property         77,123,133   77,100,000                    
Incentive                         0 0 0 0  
Deferred gain           77,100,000                      
Prepaid incentive management fee           $ 19,000,000