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Subordinate Loans (Tables) | 12 Months Ended
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Dec. 31, 2016
Subordinate Mortgage Portfolio Segment [Member] |
Mortgage Loans on Real Estate [Line Items] |
Schedule of Mortgage Loans on Real Estate | The Company’s subordinate loan portfolio was comprised of the following as of December 31, 2015:
Description | Maturity Date (2) |  | Current Principal Balance |  | Carrying Value |  | Unfunded Commitment |  | Fixed / Floating
Subordinate to the Company's commercial mortgage loans |  |  |  |  |  |  |  |
Condo Conversion – New York, NY (1) | Sept-16 |  | $ | 6,386 |  |  | $ | 6,415 |  |  | $— |  | Floating
Mixed Use - Brooklyn, NY (1) | Mar-17 |  | 12,347 |  |  | 12,222 |  |  | — |  | Floating
Hotel - New York, NY (1) | Sept-18 |  | 2,595 |  |  | 2,458 |  |  | 12,478 |  |  | Floating
Multifamily - Williston, ND (1) | Nov-17 |  | 5,000 |  |  | 5,000 |  |  | — |  | Floating
Total - Subordinate to the Company's commercial mortgage loans |  | $ | 26,328 |  |  | $ | 26,095 |  |  | $12,478 |  |
Subordinate to third party commercial mortgage loans |  |  |  |  |  |  |  |
Office - Michigan | Jun-20 |  | $ | 8,753 |  |  | $ | 8,753 |  |  | $— |  | Fixed
Mixed Use – North Carolina | Aug-22 |  | 6,525 |  |  | 6,525 |  |  | — |  | Fixed
Office Complex - Missouri | Oct-22 |  | 9,566 |  |  | 9,566 |  |  | — |  | Fixed
Hotel Portfolio – Rochester, MN | Feb-18 |  | 24,182 |  |  | 24,182 |  |  | — |  | Fixed
Warehouse Portfolio - Various | May-23 |  | 32,000 |  |  | 32,000 |  |  | — |  | Fixed
Office Condo - New York, NY | Jul-22 |  | 14,000 |  |  | 13,631 |  |  | — |  | Fixed
Mixed Use - Various | Dec-16 |  | 19,500 |  |  | 19,377 |  |  | — |  | Fixed
Mixed Use - London, England | Jan-16 |  | 50,676 |  |  | 50,676 |  |  | — |  | Fixed
Healthcare Portfolio - Various | Jun-16 |  | 39,223 |  |  | 39,223 |  |  | — |  | Floating
Ski Resort - Big Sky, MT | Sept-20 |  | 15,000 |  |  | 14,878 |  |  | — |  | Fixed
Mixed Use - New York, NY | Dec-17 |  | 88,368 |  |  | 87,818 |  |  | 785 |  | Floating
Senior Housing - United Kingdom | Dec-17 |  | 79,735 |  |  | 79,735 |  |  | — |  | Floating
Hotel - Burbank, CA | Jan-20 |  | 20,000 |  |  | 20,000 |  |  | — |  | Fixed
Multifamily Portfolio - Florida | May-17 |  | 22,000 |  |  | 21,895 |  |  | — |  | Floating
Multifamily Portfolio - Florida | May-17 |  | 15,500 |  |  | 15,426 |  |  | — |  | Floating
Mixed Use - Various | May-17 |  | 45,000 |  |  | 44,854 |  |  | — |  | Floating
Hotel - Phoenix, AZ | Jul-25 |  | 25,000 |  |  | 25,000 |  |  | — |  | Fixed
Hotel - Washington, DC | Jul-17 |  | 20,000 |  |  | 19,934 |  |  | — |  | Floating
Condo Development - New York, NY | Jul-19 |  | 34,184 |  |  | 33,567 |  |  | 41,160 |  | Floating
Condo Conversion - New York, NY | Aug-18 |  | 52,418 |  |  | 51,941 |  |  | — |  | Floating
Mixed Use - New York, NY | Oct-18 |  | 30,000 |  |  | 29,785 |  |  | — |  | Floating
Destination Resort - Various | May-18 |  | 75,000 |  |  | 71,362 |  |  | — |  | Floating
Multifamily - New York, NY | Nov-18 |  | 55,000 |  |  | 54,558 |  |  | — |  | Floating
Hotel - New York, NY | Mar-17 |  | 50,000 |  |  | 49,522 |  |  | — |  | Floating
Condo Pre-development - United Kingdom | Sept-16 |  | 81,048 |  |  | 81,048 |  |  | — |  | Floating
Total - Subordinate to third party commercial mortgage loans |  | $ | 912,678 |  |  | $ | 905,256 |  |  | $41,945 |  |
Total |  | $ | 939,006 |  |  | $ | 931,351 |  |  | $54,423 |  |
(1) | At December 31, 2015, this loan was pledged to secure borrowings under the JPMorgan Facility. See "Note 8 – Borrowings" for a description of this facility.
(2) | Represents contractual maturity date excluding extension options.
The Company’s subordinate loan portfolio was comprised of the following as of December 31, 2016:
Description | Maturity Date (1) |  | Current Principal Balance |  | Carrying Value |  | Unfunded Commitment |  | Fixed / Floating
Subordinate to the Company's commercial mortgage loans |  |  |  |  |  |  |  |  |
Hotel - New York, NY | Sept-18 |  | $ | 7,573 |  |  | $ | 7,513 |  |  | $ | 7,501 |  |  | Floating
Multifamily - Williston, ND | Nov-17 |  | 5,000 |  |  | — |  |  | — |  |  | Floating
Total - Subordinate to the Company's commercial mortgage loans |  | $ | 12,573 |  |  | $ | 7,513 |  |  | $ | 7,501 |  |  |
Subordinate to third party commercial mortgage loans |  |  |  |  |  |  |  |
Mixed Use – North Carolina | Aug-22 |  | $ | 6,525 |  |  | $ | 6,525 |  |  | $ | — |  |  | Fixed
Office Complex - Missouri | Oct-22 |  | 9,414 |  |  | 9,414 |  |  | — |  |  | Fixed
Hotel Portfolio – Rochester, MN | Feb-18 |  | 23,863 |  |  | 23,863 |  |  | — |  |  | Fixed
Warehouse Portfolio - Various | May-23 |  | 32,000 |  |  | 32,000 |  |  | — |  |  | Fixed
Office Condo - New York, NY | Jul-22 |  | 14,000 |  |  | 13,679 |  |  | — |  |  | Fixed
Ski Resort - Big Sky, MT | Sept-20 |  | 15,000 |  |  | 14,773 |  |  | — |  |  | Fixed
Mixed Use - New York, NY | Dec-17 |  | 99,581 |  |  | 99,660 |  |  | — |  |  | Floating
Senior Housing - United Kingdom | Dec-17 |  | 41,693 |  |  | 41,693 |  |  | — |  |  | Floating
Hotel - Burbank, CA | Jan-20 |  | 20,000 |  |  | 20,000 |  |  | — |  |  | Fixed
Multifamily Portfolio - Florida | May-17 |  | 22,000 |  |  | 21,967 |  |  | — |  |  | Floating
Multifamily Portfolio - Florida | May-17 |  | 15,500 |  |  | 15,477 |  |  | — |  |  | Floating
Mixed Use - Various | May-17 |  | 45,000 |  |  | 45,174 |  |  | — |  |  | Floating
Hotel - Phoenix, AZ | Jul-25 |  | 25,000 |  |  | 25,000 |  |  | — |  |  | Fixed
Hotel - Washington, DC | Jul-17 |  | 20,000 |  |  | 19,978 |  |  | — |  |  | Floating
Condo Development - New York, NY | Jul-19 |  | 56,925 |  |  | 56,693 |  |  | 19,830 |  |  | Floating
Condo Conversion - New York, NY | Aug-18 |  | 59,636 |  |  | 59,442 |  |  | — |  |  | Floating
Mixed Use - New York, NY | Oct-18 |  | 30,000 |  |  | 29,926 |  |  | — |  |  | Floating
Destination Resort - Various | May-18 |  | 75,000 |  |  | 72,877 |  |  | — |  |  | Floating
Multifamily - New York, NY | Nov-18 |  | 55,000 |  |  | 54,775 |  |  | — |  |  | Floating
Hotel - New York, NY | Mar-17 |  | 50,000 |  |  | 50,228 |  |  |  |  | Floating
Condo Pre-development - United Kingdom | Sept-17 |  | 123,400 |  |  | 123,400 |  |  | — |  |  | Floating
Condo Conversion - New York, NY | Jul-19 |  | 48,944 |  |  | 48,399 |  |  | 28,056 |  |  | Floating
Healthcare Portfolio - Various | Oct-18 |  | 130,000 |  |  | 128,856 |  |  | — |  |  | Floating
Mixed Use - New York, NY | Oct-19 |  | 30,175 |  |  | 29,924 |  |  | — |  |  | Floating
Total - Subordinate to third party commercial mortgage loans |  | $ | 1,048,656 |  |  | $ | 1,043,723 |  |  | $ | 47,886 |  |  |
Total |  | $ | 1,061,229 |  |  | $ | 1,051,236 |  |  | $ | 55,387 |  |  |
(1) | Represents contractual maturity date excluding extension options.

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