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Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2013
Financial Instruments Disclosure [Abstract]  
Carrying Value and Estimated Fair Value of Company's Financial Instruments
The following table presents the carrying value and estimated fair value of the Company’s financial instruments not carried at fair value on the consolidated balance sheet at December 31, 2013 and 2012:

 
December 31, 2013
 
December 31, 2012
 
Carrying
Value
 
Estimated
Fair Value
 
Carrying
Value
 
Estimated
Fair Value
Cash and cash equivalents
$
20,096

 
$
20,096

 
$
108,619

 
$
108,619

Restricted cash
30,127

 
30,127

 
—

 
—

Commercial first mortgage loans
161,099

 
164,405

 
142,921

 
150,144

Subordinate loans
497,484

 
503,267

 
246,246

 
250,520

Repurchase agreements
—

 
—

 
6,598

 
6,598

Borrowings under repurchase agreements
(202,033
)
 
(202,148
)
 
(225,158
)
 
(225,158
)