Commercial Mortgage Loans (Tables)

12 Months Ended

Dec. 31, 2016

Commercial Mortgage Portfolio Segment [Member]

Mortgage Loans on Real Estate [Line Items]

Schedule of Mortgage Loans on Real Estate

The Company’s commercial mortgage 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	Property Size
Condo Conversion – New York, NY (1)	Sept-16	$	24,114	$	24,289	$	—	Floating	40,000 sq. ft.
Condo Construction - Potomac, MD	Sept-16	65,125		65,087		—		Floating	50 units
Vacation Home Portfolio - Various (1)	Apr-19	94,147		93,277		—		Fixed	229 properties
Hotel - Philadelphia, PA (1)	May-17	34,000		33,994		—		Floating	301 rooms
Condo Construction - Bethesda, MD	Dec-16	50,000		49,960		15,100		Floating	40 units
Multifamily - Brooklyn, NY (1)	Aug-16	34,500		34,886		—		Floating	63 units
Mixed Use - Cincinnati, OH (1)	May-18	165,000		163,173		—		Floating	65 acres
Condo Conversion - New York, NY (1)	Jun-16	67,300		67,038		—		Floating	86,000 sq. ft.
Multifamily - Williston, ND (1)	Nov-17	49,691		49,665		—		Floating	366 units/homes
Vacation Home Portfolio - Various U.S. (1)	Nov-19	50,000		49,595		—		Fixed	24 properties
Mixed Use - Brooklyn, NY (1)	Mar-17	85,770		85,658		6,730		Floating	330,000 sq. ft.
Retail redevelopment - Miami, FL (1)	Jan-17	45,000		44,925		—		Floating	63,300 sq. ft.
Retail redevelopment - Miami, FL (1)	Jul-17	33,000		32,804		—		Floating	16,600 sq. ft.
Retail - Brooklyn, NY (1)	Mar-17	1,653		1,636		9,000		Floating	10,500 sq. ft.
Hotel - New York, NY (1)	Sept-18	98,373		97,381		40,034		Floating	317 rooms
Retail - Brooklyn, NY (1)	Mar-17	5,910		5,858		—		Floating	5,500 sq. ft.
Hotel - U.S. Virgin Islands	Jan-18	42,000		41,600		1,500		Floating	180 rooms
Office - Richmond, VA	Jan-18	54,000		53,475		1,000		Floating	262,000 sq. ft.
Total		$	999,583	$	994,301	$	73,364


(1)	At December 31, 2015, this loan was pledged to secure borrowings under the JPMorgan Facility or the Goldman Loan. See "Note 8 – Borrowings" for a description of this agreements.


(2)	Represents contractual maturity date excluding extension options.

The Company’s commercial mortgage loan portfolio was comprised of the following at December 31, 2016:



Description	Maturity Date (2)	Current Principal Balance		Carrying Value		Unfunded Commitment		Fixed / Floating	Property Size
Condominium - Bethesda, MD	Apr-17	$	51,695	$	52,476	—		Floating	50 units
Vacation Home Portfolio - Various (1)	Apr-19	88,876		88,195		—		Fixed	229 properties
Hotel - Philadelphia, PA (1)	May-17	34,000		33,987		—		Floating	301 keys
Mixed Use - Cincinnati, OH (1)	May-18	165,000		163,987		—		Floating	65 acres
Multifamily - Williston, ND	Nov-17	49,706		39,713		—		Floating	366 units/homes
Vacation Home Portfolio - Various U.S. (1)	Nov-19	59,500		59,193		—		Fixed	29 properties
Mixed Use - Brooklyn, NY (1)	Mar-17	85,770		86,142		6,730		Floating	330,000 sq. ft.
Retail redevelopment - Miami, FL (1)	Jun-17	45,000		45,415		—		Floating	63,300 sq. ft.
Retail - Brooklyn, NY (1)	Mar-17	23,000		23,012		—		Floating	10,500 sq. ft.
Hotel - New York, NY (1)	Sept-18	108,857		108,768		29,549		Floating	317 keys
Retail - Brooklyn, NY (1)	Mar-17	5,910		5,921		—		Floating	5,500 sq. ft.
Hotel - U.S. Virgin Islands (1)	Jan-18	42,000		41,795		1,500		Floating	180 keys
Office - Richmond, VA (1)	Jan-18	54,000		53,849		1,000		Floating	262,000 sq. ft.
Retail redevelopment - Miami, FL (1)	Jan-18	220,000		218,771		—		Floating	113,000 sq. ft.
Office - Boston, MA (1)	Mar-18	28,659		28,543		2,341		Floating	114,000 sq. ft.
Mixed Use - New York, NY (1)	Jun-18	45,789		45,541		4,211		Floating	91,584 sq. ft.
Condo Conversion - Brooklyn, NY (1)	Jun-18	41,016		40,825		4,484		Floating	133,550 sq. ft.
Hotel - New York, NY (1)	Aug-18	78,140		77,297		26,860		Floating	612 keys
Mixed Use - Chicago, IL (1)	Oct-18	129,397		128,271		3,603		Floating	737,382 sq. ft.
Retail - Brooklyn, NY (1)	Mar-17	7,500		7,489		—		Floating	6,500 sq. ft.
Data Center - Manassas, VA	Aug-19	80,000		79,634		—		Fixed	460,000 sq. ft.
Retail - New York, NY (1)	Jun-18	60,300		59,775		4,700		Floating	84,374 sq. ft.
Office - New York, NY (1)	Jun-18	105,000		104,005		—		Floating	419,190 sq. ft.
Mixed Use Pre-development - Los Angeles, CA	Dec-18	50,000		49,252		30,000		Floating	75,000 sq. ft.
Total		$	1,659,115	$	1,641,856	$	114,978

(1)

At December 31, 2016, this loan was pledged to secure borrowings under the Company’s master repurchase facility entered into with JPMorgan Chase Bank, N.A. (the “JPMorgan Facility”), the Company's repurchase agreement with Goldman Sachs Bank USA (the “Goldman Loan”) or Company's master repurchase agreement with Deutsche Bank AG (the "DB Repurchase Facility"). See "Note 8 – Borrowings" for a description of this agreements.


(2)	Represents contractual maturity date excluding extension options.