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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Adjustments for Adoption of ASU 2016-13 Applying the Fair Value Option Under ASU 2019-05
The following table presents the balances at December 31, 2019, the transition adjustments, and the balances at January 1, 2020 for those balance sheet line items impacted by the implementation of ASU 2019-05 (dollar amounts in thousands):
 
December 31, 2019
 
Transition Adjustment
 
January 1, 2020
Assets
 
 
 
 
 
Distressed and other residential mortgage loans, net
$
202,756

 
$
5,715

 
$
208,471

Investments in unconsolidated entities
106,083

 
1,394

 
107,477

Preferred equity and mezzanine loan investments
180,045

 
2,420

 
182,465

Receivables and other assets
865

 
2,755

 
3,620

Total Assets
$
489,749

 
$
12,284

 
$
502,033

 
 
 
 
 
 
Stockholders' Equity
 
 
 
 


Accumulated deficit
$
(148,863
)
 
$
12,284

 
$
(136,579
)
Total Stockholders' Equity
$
(148,863
)
 
$
12,284

 
$
(136,579
)

The Company also assessed the impact of ASU 2016-13 on the Company’s investment securities, available for sale where the fair value option has not been elected and determined that the adoption of the standard would not have a material effect on our financial statements as of January 1, 2020.