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Investments in Loans Held at Amortized Cost | 6 Months Ended
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Jun. 30, 2014
Receivables [Abstract] |
Investments in Loans Held at Amortized Cost | Investments in Loans Held at Amortized Cost The components of the Company’s loan portfolio measured at amortized cost were as follows as of June 30, 2014 and December 31, 2013:
| June 30, 2014 |  | December 31, 2013
Commercial real estate - Care | $ | 22,115 |  |  | $ | 22,335 |
Asset backed - Siena | 30,896 |  |  | 16,493 |
Other loans | 1,992 |  |  | 1,432 |
Total loans, net | $ | 55,003 |  |  | $ | 40,260 |
Total loans include net deferred loan origination fees of $604 and $686 at June 30, 2014 and December 31, 2013, respectively. Asset backed loans are net of an allowance for loan losses of $85 and $9 at June 30, 2014 and December 31, 2013. Commercial Real Estate - Care As of June 30, 2014 and December 31, 2013, the Company, through its subsidiary Care, had a loan investment secured by skilled nursing facilities, as well as collateral relating to assisted living facilities and a multifamily property. The properties securing the loan are located in Louisiana. The Company performs a collateral valuation on these properties on an individual basis to determine if any impairment exists. As of both June 30, 2014 and December 31, 2013 no impairment existed on these properties. Asset Backed - Siena Siena structures asset-based loan facilities in the $1,000 to $20,000 range across diversified industries which include manufacturing distribution, wholesale, and service companies. As of June 30, 2014, the Company carried $30,896 in loans receivable on its consolidated balance sheet which is net of a participation interest of $3,195. Collateral for asset-backed loan receivables as of June 30, 2014 consisted of inventory, equipment and accounts receivable. Management reviews collateral for these loans on at least a monthly basis, or more frequently, if a draw is requested and has determined that no impairment existed as of June 30, 2014. As of June 30, 2014 and December 31, 2013, there were no delinquencies in the Siena portfolio and all loans were classified as performing. Other Loans Care, through indirect subsidiaries of Care, owns two assisted living and memory care facilities located in upstate New York. The properties are leased to affiliates of Premier Senior Living, LLC (Premier), a privately-held owner and operator of senior housing facilities pursuant to a triple net master lease (Premier Master Lease). In connection therewith, a subsidiary of Care, made a loan to the lessees of the properties. The loan is secured by a pledge of outstanding equity interest in the lessees. The cost basis in the loan at June 30, 2014 was approximately $701 which equals its carrying value. In addition, the Company granted two limited recourse loans totaling $423 and two limited recourse loan advances totaling $868 to two principals of Luxury Mortgage Corp.

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- Definition The entire disclosure for financing receivables. Examples of financing receivables include, but are not limited to, loans, trade accounts receivables, notes receivable, credit cards, and receivables relating to a lessor's right(s) to payment(s) from a lease other than an operating lease that is recognized as assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953791-111525 + Details
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