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Loans, Held for Investment (Tables) | 6 Months Ended
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Jun. 30, 2017
Mortgage Loans on Real Estate [Abstract] |
Schedule of Mortgage Loans Receivable | The Company’s loans receivable are comprised of the following:
Loan Type |  | June 30, 2017 |  | December 31, 2016
Commercial mortgage loans, held for investment, net |  | $ | 2,037,971 |  |  | $ | 1,641,856 |
Subordinate loans, held for investment, net |  | 1,240,363 |  |  | 1,051,236 |
Total loans, held for investment, net |  | $ | 3,278,334 |  |  | $ | 2,693,092 |
Schedule of Mortgage Loans on Real Estate Activity | Activity relating to our loans, held for investment portfolio was as follows:
|  | Principal Balance |  | Deferred Fees/Other Items (1) |  | Provision for Loan Loss (2) |  | Carrying Value
December 31, 2016 |  | 2,720,344 |  |  | (12,252 | ) |  | (15,000 | ) |  | 2,693,092 |
Loan fundings |  | 624,602 |  |  | — |  |  | — |  |  | 624,602 |
Loan repayments |  | (69,192 | ) |  | — |  |  | — |  |  | (69,192 | )
Unrealized gain on foreign currency translation |  | 12,376 |  |  | — |  |  | — |  |  | 12,376 |
Provision for loan loss (2) |  | — |  |  | — |  |  | (1,981 | ) |  | (1,981 | )
Deferred fees and other items (1) |  | — |  |  | (7,141 | ) |  | — |  |  | (7,141 | )
PIK interest, amortization of fees and other items (1) |  | 14,000 |  |  | 12,578 |  |  | — |  |  | 26,578 |
June 30, 2017 |  | 3,302,130 |  |  | (6,815 | ) |  | (16,981 | ) |  | 3,278,334 |
(1) | Other items primarily consist of purchase discounts or premiums, exit fees, and deferred origination expenses.
(2) | In addition to the $1,981 provision for loan loss, the Company recorded an impairment of $3,019 against a related investment previously recorded under other assets on the Company's condensed consolidated balance sheet.
Schedule of Loans Receivable Statistics | The following table details overall statistics for our loan portfolio:
|  | June 30, 2017 |  | December 31, 2016
Number of loans |  | 52 |  |  | 45 |
Principal balance |  | $ | 3,302,130 |  |  | $ | 2,720,344 |
Carrying value |  | $ | 3,278,334 |  |  | $ | 2,693,092 |
Unfunded loan commitments (1) |  | $ | 119,813 |  |  | $ | 170,365 |
Weighted-average cash coupon (2) |  | 8.55 | % |  | 8.88 | %
(1) | Unfunded loan commitments are primarily funded to finance property improvements or lease-related expenditures by the borrowers. These future commitments are funded over the term of each loan, subject in certain cases to an expiration date.
(2) | For floating rate loans, assumes one-month LIBOR of 1.22% and 0.77%, as of June 30, 2017 and December 31, 2016, respectively.
Schedule of Mortgage Loans by Property type and Geographic Distribution | The tables below detail the property type and geographic distribution of the properties securing the loans in our portfolio:
|  | June 30, 2017 |  | December 31, 2016
Property Type |  | Carrying Value |  | % of Portfolio |  | Carrying Value |  | % of Portfolio
Hotel |  | $702,447 |  | 21.4% |  | $408,428 |  | 15.2%
Residential - for sale |  | 547,113 |  | 16.7% |  | 469,997 |  | 17.5%
Urban Retail Predevelopment |  | 583,241 |  | 17.8% |  | 491,187 |  | 18.2%
Office |  | 257,291 |  | 7.8% |  | 255,031 |  | 9.5%
Residential Rental |  | 290,152 |  | 8.9% |  | 309,243 |  | 11.5%
Mixed Use |  | 253,649 |  | 7.7% |  | 134,797 |  | 4.9%
Retail Center |  | 240,902 |  | 7.3% |  | 209,401 |  | 7.8%
Healthcare |  | 172,872 |  | 5.3% |  | 170,549 |  | 6.3%
Industrial |  | 157,040 |  | 4.8% |  | 156,809 |  | 5.8%
Other |  | 73,627 |  | 2.3% |  | 87,650 |  | 3.3%
Total |  | $3,278,334 |  | 100% |  | $2,693,092 |  | 100%
|  | June 30, 2017 |  | December 31, 2016
Geographic Location |  | Carrying Value |  | % of Portfolio |  | Carrying Value |  | % of Portfolio
New York City |  | $1,255,668 |  | 38.3% |  | $1,034,303 |  | 38.4%
Midwest |  | 498,767 |  | 15.2% |  | 405,992 |  | 15.1%
Southeast |  | 596,664 |  | 18.2% |  | 332,276 |  | 12.3%
United Kingdom |  | 252,881 |  | 7.7% |  | 244,756 |  | 9.1%
West |  | 226,977 |  | 6.9% |  | 219,664 |  | 8.2%
Mid Atlantic |  | 198,501 |  | 6.1% |  | 263,717 |  | 9.8%
Southwest |  | 25,000 |  | 0.8% |  | 54,614 |  | 2%
Northeast |  | 181,987 |  | 5.5% |  | 137,770 |  | 5.1%
Other International |  | 41,889 |  | 1.3% |  | — |  | —%
Total |  | $3,278,334 |  | 100% |  | $2,693,092 |  | 100%

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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