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Debt (Tables)
 9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Subordinated Borrowing
The following table summarizes the key details of the Company’s subordinated debentures as of September 30, 2017 and December 31, 2016 (dollar amounts in thousands):
 
NYM Preferred Trust I
 
NYM Preferred Trust II
Principal value of trust preferred securities
$
25,000

 
$
20,000

Interest Rate
Three month LIBOR plus 3.75%, resetting quarterly

 
Three month LIBOR plus 3.95%, resetting quarterly

Scheduled maturity
March 30, 2035

 
October 30, 2035
Schedule of Long-term Debt Instruments
The mortgages and notes payable in the consolidated VIEs are described below (dollar amounts in thousands):

 
 
Assumption/Origination Date
 
Mortgage Note Amount as of September 30, 2017
 
Maturity Date
 
Interest Rate
 
Net Deferred Finance Costs
Riverchase Landing
 
10/2/2015 (1)
 
$
23,674

 
11/1/2022
 
3.88
%
 
$
194

The Clusters
 
6/30/2014
 
$
27,917

 
7/6/2024
 
4.49
%
 
$
68

KRVI
 
12/16/2016
 
$
6,013

 
12/16/2019
 
6.00
%
 
$
—


(1) 
Origination date of 10/26/2012
Schedule of Maturities of Long-term Debt
The following table presents contractual maturity information about the Financing VIEs’ securitized debt as of September 30, 2017 and December 31, 2016, respectively (dollar amounts in thousands):
Scheduled Maturity (principal amount) 
September 30, 2017
 
December 31, 2016
Within 24 months
$
70,374

 
$
—

Over 24 months to 36 months
—

 
132,319

Over 36 months
33,399

 
33,553

Total outstanding principal
103,773

 
165,872

Discount
(4,567
)
 
(5,589
)
Debt Issuance Cost
(835
)
 
(1,416
)
Carrying value
$
98,371

 
$
158,867

As of September 30, 2017, maturities for debt on the Company's condensed consolidated balance sheet are as follows (dollar amounts in thousands):
Fiscal Year
Total
2017
$
—

2018
—

2019
6,013

2020
—

2021
—

2022
161,674

Thereafter
72,917

 
$
240,604