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DEBT - Schedule (Details) - USD ($) |  | 6 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
May 30, 2018 | Jun. 30, 2019 | May 16, 2019 | Mar. 01, 2019 | Dec. 31, 2018
Debt |  |  |  |  |
Total Debt |  | $ 162,337,000 |  |  | $ 588,671,000
Mortgages Payable |  |  |  |  |
Debt |  |  |  |  |
Gross debt |  | 97,100,000 |  |  | 388,100,000
Deferred loan costs |  | (187,000) |  |  | (1,177,000)
Total Debt |  | 96,913,000 |  |  | 386,923,000
Mortgage loan with a fixed interest of 4.14% per annum, due on July 1, 2026 |  |  |  |  |
Debt |  |  |  |  |
Gross debt |  | $ 97,100,000 |  |  | 342,100,000
Fixed interest rate |  | 4.14% |  |  |
Amount of balance due on maturity |  | $ 97,100,000 |  |  |
Mortgage loan with a fixed interest of 4.50% per annum, due on January 5, 2027 |  |  |  |  |
Debt |  |  |  |  |
Gross debt |  | $ 0 |  |  | 46,000,000
Fixed interest rate |  | 4.50% |  |  |
Amount of balance due on maturity |  | $ 42,008,000 |  |  |
Period of amortization schedule |  | 10 years |  |  |
Secured Borrowings - Government Guaranteed Loans |  |  |  |  |
Debt |  |  |  |  |
Gross debt |  | $ 15,304,000 |  |  | 15,765,000
Premiums and discounts |  | 888,000 |  |  | 940,000
Total Debt |  | 16,192,000 |  |  | 16,705,000
Secured borrowing principal on SBA 7(a) loans sold for a premium and excess spread—variable rate, reset quarterly, based on prime rate with weighted average coupon rate of 6.13% and 5.89% at June 30, 2019 and December 31, 2018, respectively. |  |  |  |  |
Debt |  |  |  |  |
Gross debt |  | $ 10,906,000 |  |  | $ 11,283,000
Weighted average rate |  | 6.13% |  |  | 5.89%
Secured borrowing principal on SBA 7(a) loans sold for excess spread—variable rate, reset quarterly, based on prime rate with weighted average coupon rate of 3.82% and 3.57% at June 30, 2019 and December 31, 2018, respectively. |  |  |  |  |
Debt |  |  |  |  |
Gross debt |  | $ 4,398,000 |  |  | $ 4,482,000
Weighted average rate |  | 3.82% |  |  | 3.57%
Loan Backed Notes | LIBOR |  |  |  |  |
Debt |  |  |  |  |
Interest rate margin | 1.40% | 1.40% |  |  |
Loan Backed Notes | Prime Rate |  |  |  |  |
Debt |  |  |  |  |
Interest rate margin | 1.08% | 1.08% |  |  |
Other Debt |  |  |  |  |
Debt |  |  |  |  |
Gross debt |  | $ 54,442,000 |  |  | $ 190,839,000
Total Debt |  | 49,232,000 |  |  | 185,043,000
Loan-Backed Notes |  |  |  |  |
Debt |  |  |  |  |
Gross debt |  | 27,372,000 |  |  | 33,769,000
Junior subordinated notes |  |  |  |  |
Debt |  |  |  |  |
Gross debt |  | 27,070,000 |  |  | 27,070,000
Premiums and discounts |  | $ (1,813,000) |  |  | (1,855,000)
Junior subordinated notes | LIBOR |  |  |  |  |
Debt |  |  |  |  |
Interest rate margin |  | 3.25% |  |  |
Unsecured term loan and credit facilities |  |  |  |  |
Debt |  |  |  |  |
Deferred loan costs |  | $ (3,397,000) |  |  | (3,941,000)
Revolving Credit Facility | Line of Credit |  |  |  |  |
Debt |  |  |  |  |
Gross debt |  | $ 0 |  |  | $ 130,000,000
1333 Broadway, Oakland, CA | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Mortgage loan with a fixed interest of 4.14% per annum, due on July 1, 2026 |  |  |  |  |
Debt |  |  |  |  |
Defeased amount |  |  | $ 39,500,000 |  |
Properties Used As Collateral For Loans | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Mortgage loan with a fixed interest of 4.14% per annum, due on July 1, 2026 |  |  |  |  |
Debt |  |  |  |  |
Defeased amount |  |  |  | $ 205,500,000 |

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