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Loan Participations Payable, net (Tables)
 9 Months Ended
Sep. 30, 2016
Loan Participations Payable [Abstract]  
Schedule of Participating Mortgage Loans
The Company's loan participations payable, net were as follows ($ in thousands):
 
 
Carrying Value as of
 
 
September 30, 2016
 
December 31, 2015
Loan participations payable(1)(2)
 
$
206,875

 
$
153,000

Debt discounts and deferred financing costs, net
 
(1,094
)
 
(914
)
Total loan participations payable, net
 
$
205,781

 
$
152,086

_______________________________________________________________________________
(1)
As of September 30, 2016, the Company had four loan participations payable with a weighted average interest rate of 4.6%. As of December 31, 2015, the Company had two loan participations payable with a weighted average interest rate of 4.3%.
(2)
The Company is responsible for funding a $32.6 million loan commitment on one loan participation if the transferee defaults.