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Fair value (Tables) | 6 Months Ended
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Jun. 30, 2016
Fair Value Disclosures [Abstract] |
Schedule of fair value of financial assets and liabilities |
|  |  |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
June 30, 2016 |  | Carrying Value |  |  | Quoted prices in active markets |  |  | Observable inputs other than Level 1 prices |  |  | Unobservable inputs |
Not recognized on consolidated balance sheet at fair value (assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans |  | $ | 630,534 |  |  |  | - |  |  |  | - |  |  | $ | 689,075 |
Not recognized on consolidated balance sheet at fair value (liabilities) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Secured borrowings, net |  | $ | 346,070 |  |  |  | - |  |  |  | - |  |  | $ | 341,245 |
Borrowings under repurchase agreement |  | $ | 102,240 |  |  |  | - |  |  | $ | 102,240 |  |  |  | - |
|  |  |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
December 31, 2015 |  | Carrying Value |  |  | Quoted prices in active markets |  |  | Observable inputs other than Level 1 prices |  |  | Unobservable inputs |
Not recognized on consolidated balance sheet at fair value (assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans |  | $ | 554,877 |  |  |  | - |  |  |  | - |  |  | $ | 627,112 |
Not recognized on consolidated balance sheet at fair value (liabilities) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Secured borrowings, net |  | $ | 265,006 |  |  |  | - |  |  |  | - |  |  | $ | 259,649 |
Borrowings under repurchase agreement |  | $ | 104,533 |  |  |  | - |  |  | $ | 104,533 |  |  |  | - |
Schedule of quantitative information about significant unobservable inputs |
|  | Range of Values
Input |  | June 30, 2016 |  | December 31, 2015
Equity discount rate – Re-performing loans |  | 7% - 14% |  | 7% - 14%
Equity discount rate – Non-performing loans |  | 10% - 18% |  | 10% - 18%
Cost of debt |  | 4.25% |  | 4.25%
Loan resolution timelines – Re-performing loans (in years) |  | 4 - 7 |  | 4 - 7
Loan resolution timelines – Non-performing loans (in years) |  | 1.4 - 4 |  | 1.4 - 4

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13433-108611 + Details
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- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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