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Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended
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Dec. 31, 2013
Mortgage Loans on Real Estate [Abstract] |
Schedule IV - Mortgage Loans on Real Estate |
Property Type | Location |  | Interest Rate |  | Final Extended Maturity Date |  | Periodic Payment Terms |  | Face amount of loans |  | Carrying amount of loans |
Commercial mortgage loans |  |  |  |  |  |  |  |  |  |  |  |
Hotel | New York |  | 8.25 | % |  | Feb - 15 |  | 30 year |  | $ | 31,317 |  |  | $ | 31,317 |  |
Office Condo (Headquarters) | New York |  | 8.00 | % |  | Feb - 15 |  | 30 year |  | 27,169 |  |  | 27,169 |  |
Hotel | Maryland |  | 9.00 | % |  | Apr -15 |  | 25 year |  | 24,947 |  |  | 24,785 |  |
Condo Conversion | New York |  | 9.00 | % |  | Jan -17 |  | Interest only |  | 45,000 |  |  | 44,867 |  |
Condo Conversion | New York |  | 9.67 | % |  | Sept - 16 |  | Interest only |  | 33,167 |  |  | 32,961 |  |
Total commercial mortgage loans |  |  |  |  |  |  |  |  | 161,600 |  |  | 161,099 |  |
Subordinate loans (1) |  |  |  |  |  |  |  |  |  |  |  |
Office | Michigan |  | 13.00 | % |  | Jun - 20 |  | 25 year |  | 8,866 |  |  | 8,866 |  |
Ski Resort | California |  | 14.00 | % |  | May - 17 |  | Interest only |  | 40,000 |  |  | 39,781 |  |
Hotel | New York |  | 12.00 | % |  | Feb - 15 |  | Interest only |  | 15,000 |  |  | 15,207 |  |
Mixed Use | North Carolina |  | 11.10 | % |  | Aug - 22 |  | Interest only |  | 6,525 |  |  | 6,525 |  |
Office Complex | Missouri |  | 11.75 | % |  | Oct - 22 |  | 30 year |  | 9,849 |  |  | 9,849 |  |
Hotel Portfolio | Various US cities |  | 11.07 | % |  | Nov - 16 |  | 30 year |  | 48,431 |  |  | 48,397 |  |
Condo Conversion | New York |  | 9.00 | % |  | Jan -17 |  | Interest only |  | 35,000 |  |  | 34,734 |  |
Condo Construction | New York |  | 13.25 | % |  | July - 18 |  | Interest only |  | 66,800 |  |  | 66,340 |  |
Multifamily Conversion | New York |  | 10.48 | % |  | Dec - 15 |  | Interest only |  | 18,000 |  |  | 17,906 |  |
Hotel Portfolio | Minnesota |  | 11.00 | % |  | Feb - 18 |  | 30 year |  | 24,771 |  |  | 24,771 |  |
Warehouse Portfolio | Various US cities |  | 11.50 | % |  | May - 23 |  | Interest only |  | 32,000 |  |  | 32,000 |  |
Multifamily Conversion | New York |  | 12.25 | % |  | Sept - 14 |  | Interest only |  | 44,000 |  |  | 43,859 |  |
Office Condo | New York |  | 11.25 | % |  | Jul - 22 |  | Interest only |  | 14,000 |  |  | 13,565 |  |
Condo Conversion | New York |  | 9.67 | % |  | Sept - 16 |  | Interest only |  | 295 |  |  | 2 |  |
Mixed Use | Pennsylvania |  | 9.42 | % |  | Aug - 18 |  | Interest only |  | 22,500 |  |  | 22,342 |  |
Healthcare Portfolio | Various US cities |  | 11.15 | % |  | Jun - 14 |  | Interest only |  | 47,000 |  |  | 47,000 |  |
Mixed Use | Florida |  | 10.42 | % |  | Oct - 18 |  | Interest only |  | 50,000 |  |  | 49,535 |  |
Mixed Use | Various US cities |  | 14.00 | % |  | Dec - 18 |  | Interest only |  | 17,000 |  |  | 16,805 |  |
Total subordinate loans |  |  |  |  |  |  |  |  | 500,037 |  |  | 497,484 |  |
Total |  |  |  |  |  |  |  | $ | 661,637 |  |  | $ | 658,583 |  | (2)
(1) | Subject to prior liens.
(2) | The aggregate cost for federal income tax purposes is $658,583.
The following table summarizes the changes in the carrying amounts of mortgage loans during 2013 and 2012. Reconciliation of Carrying Amount of Loans
| 2013 |  | 2012
Balance at beginning of year | $ | 389,167 |  |  | $ | 258,092 |
New mortgage loans | 401,912 |  |  | 159,465 |
Collections of principal | (137,168 | ) |  | (31,408 | )
Discount accretion | 4,672 |  |  | 3,018 |
Balance at the close of year | $ | 658,583 |  |  | $ | 389,167 |

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- Definition The entire disclosure for mortgage loans on real estate, this includes the supplemental information pertaining to each mortgage loan receivable that equals or exceeds three percent of the carrying amount of mortgages. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04.(c) Schedule IV) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 29 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Subparagraph Schedule IV -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -URI http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014 + Details
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