XML 94 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subordinate Loans - Company's Subordinate Loan Portfolio (Details) (USD $)
 1 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 1 Months Ended
Jan. 31, 2013
Jun. 30, 2013
Dec. 31, 2012
Dec. 31, 2012
Senior Mezz - Retail - Various
Dec. 31, 2012
Junior Mezz - Retail - Various
Jun. 30, 2013
Office - Michigan
Dec. 31, 2012
Office - Michigan
Jun. 30, 2013
Ski Resort - California
Dec. 31, 2012
Ski Resort - California
Jun. 30, 2013
Hotel Portfolio – New York
option
Dec. 31, 2012
Hotel Portfolio – New York
option
Jun. 30, 2013
Retail Center – Virginia
option
Dec. 31, 2012
Retail Center – Virginia
option
Jun. 30, 2013
Hotel– New York
Dec. 31, 2012
Hotel– New York
Dec. 31, 2012
Hotel– New York
option
Jun. 30, 2013
Mixed Use – North Carolina
Dec. 31, 2012
Mixed Use – North Carolina
Jun. 30, 2013
Office Complex - Missouri
Dec. 31, 2012
Office Complex - Missouri
Jun. 30, 2013
Hotel Portfolio – Various
Dec. 31, 2012
Hotel Portfolio – Various
Jun. 30, 2013
Multifamily Conversion – NY, NY; One-year Extension Option
Jun. 30, 2013
Hotel Portfolio – Rochester, MN
Jun. 30, 2013
Condo Conversion – NY, NY
option
Dec. 31, 2012
Condo Conversion – NY, NY
Jun. 30, 2013
Condo Construction - NY, NY
Dec. 31, 2012
Condo Construction - NY, NY
option
Jun. 30, 2013
Warehouse Portfolio - Various
Jun. 30, 2013
Multifamily Conversion – NY, NY; Three-month Extension Option
Jun. 30, 2013
Mezzanine loans [Member]
Feb. 28, 2013
Mezzanine loans [Member]
loan
Mortgage Loans on Real Estate [Line Items]                                                                
Date of Investment       Dec-09 Dec-09 May-10 May-10 Apr-11 Apr-11 Aug-11 [1] Aug-11 Oct-11 [2] Oct-11 Jan-12 [3] Jan-12 Mar-12 Jul-12 Jul-12 Sept-12 Sept-12 Nov-12 [3] Nov-12 Jan-13 [3] Jan-13 Dec-12 [4] Dec-12 Jan-13 [5]   May-13 May-13 [6]    
Maturity Date       Dec-19 Dec-19 Jun-20 Jun-20 May-17 May-17 July-13 [1] July-13 Oct-14 [2] Oct-14 Feb-14 [3] Feb-14 Mar-14 Jul-22 Jul-22 Oct-22 Oct-22 Nov-15 [3] Nov-15 Dec-14 [3] Feb-18 Jan-15 [4] Jan-15 Jul-17 [5]   May-23 Jun-14 [6]    
Original Face Amount   $ 355,974,000 $ 245,875,000 $ 30,000,000 $ 20,000,000 $ 9,000,000 $ 9,000,000 $ 40,000,000 $ 40,000,000 $ 25,000,000 [1] $ 25,000,000 $ 25,000,000 [2] $ 25,000,000 $ 15,000,000 [3] $ 15,000,000 $ 15,000,000 $ 6,525,000 $ 6,525,000 $ 10,000,000 $ 10,000,000 $ 50,000,000 [3] $ 50,000,000 $ 18,000,000 [3] $ 25,000,000 $ 350,000 [4] $ 350,000 $ 56,099,000 [5]   $ 32,000,000 $ 44,000,000 [6]    
Current Face Amount   356,402,000 246,959,000 30,000,000 20,000,000 8,888,000 8,912,000 40,000,000 40,000,000 25,000,000 [1] 25,000,000 23,606,000 [2] 26,243,000 15,000,000 [3] 15,000,000 15,000,000 6,525,000 6,525,000 9,914,000 9,979,000 49,516,000 [3] 49,950,000 18,000,000 [3] 24,904,000 350,000 [4] 350,000 58,699,000 [5]   32,000,000 44,000,000 [6]    
Carrying Value   354,865,000 246,246,000 30,000,000 20,000,000 8,888,000 8,912,000 39,843,000 39,831,000 25,000,000 [1] 25,000,000 23,606,000 [2] 26,243,000 15,106,000 [3] 15,013,000 15,000,000 6,525,000 6,525,000 9,914,000 9,979,000 49,377,000 [3] 49,743,000 17,864,000 [3] 24,904,000 0 [4] 0 58,132,000 [5]   32,000,000 43,706,000 [6]    
Coupon       Fixed Fixed Fixed Fixed Fixed Fixed Floating [1] Floating Fixed [2] Fixed Fixed [3] Fixed Floating Fixed Fixed Fixed Fixed Floating [3] Floating Floating [3] Fixed Floating [4] Floating Fixed [5]   Fixed Floating [6]    
Coupon   12.23% 12.46%                                                          
Number of options to extend loan agreement                   3 3 2 2   2 2                 2     2        
Option to extend loan agreement, term                   1 year 1 year 1 year 1 year 1 year 1 year 1 year         1 year 1 year 1 year   1 year   1 year 1 year   3 months    
Unfunded loan commitments                                                 34,650,000   3,901,000 34,650,000        
Number of loans for which principal amount received                                                               2
Principal Prepayment On Mortgage Debt                                                             15,000,000 50,000,000
Yield maintenance payment                                                             $ 1,233,000 $ 2,500,000
IRR on loan investment 17.00%                                                           19.00% 15.00%
[1] Includes three one-year extension options subject to certain conditions and the payment of a fee for the fourth and fifth year extensions.
[2] Includes two one-year extension options subject to certain conditions.
[3] Includes a one-year extension option subject to certain conditions and the payment of an extension fee.
[4] Includes two one-year extension options subject to certain conditions and the payment of a fee for each extension. As of June 30, 2013, the Company had $34,650 of unfunded loan commitments related to this loan.
[5] Includes a one-year extension option subject to certain conditions and the payment of an extension fee. As of June 30, 2013, the Company had $3,901 of unfunded loan commitments related to this loan.
[6] Includes a three-month extension option subject to certain conditions and the payment of an extension fee.