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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended
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Jun. 30, 2019
Fair Value Disclosures [Abstract] |
Fair Value and Classification of Derivative Financial Instruments | The table below presents the fair value of our derivative financial instruments as well as their classification on our consolidated balance sheets:
|  | June 30, 2019 |  | December 31, 2018 |  | Level |  | Balance Sheet Location
|  | (in thousands) |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | — |  |  | $ | 1,630 |  |  | 2 |  |  | Other assets
Fair Values of Financial Instrument Not Recorded at Fair Value on a Recurring Basis | The estimated fair values of those financial instruments which are not recorded at fair value on a recurring basis on our consolidated balance sheets are as follows:
|  | June 30, 2019 |  | December 31, 2018 |  |
|  | Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value |  | Level
|  | (in thousands) |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
SBA 7(a) loans receivable, subject to loan-backed notes |  | $ | 32,982 |  |  | $ | 34,088 |  |  | $ | 37,031 |  |  | $ | 38,357 |  |  | 3 |
SBA 7(a) loans receivable, subject to credit risk |  | 23,539 |  |  | 24,644 |  |  | 29,748 |  |  | 30,630 |  |  | 3 |
SBA 7(a) loans receivable, subject to secured borrowings |  | 15,964 |  |  | 16,192 |  |  | 16,469 |  |  | 16,706 |  |  | 3 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgages payable (1) |  | 96,913 |  |  | 99,078 |  |  | 386,923 |  |  | 377,364 |  |  | 3 |
Junior subordinated notes |  | 25,257 |  |  | 24,426 |  |  | 25,215 |  |  | 24,462 |  |  | 3 |
(1) | The December 31, 2018 carrying amount and estimated fair value of mortgages payable exclude one mortgage loan with carrying value of $28,018,000 that had been classified as liabilities associated with assets held for sale, net, on our consolidated balance sheet at December 31, 2018 (Notes 3 and 7).

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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