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Schedule IV Mortgage Loans on Real Estate (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Prior Liens $ 404,239 [1]
Face Amount of Loans 164,180 [2]
Carrying Amount of Loans 141,500 [3],[4]
Mortgage - Total
 
Prior Liens    [1]
Face Amount of Loans 62,500 [2]
Carrying Amount of Loans 62,500 [3],[4]
Subordinate Interests in Mortgage - Total
 
Prior Liens 404,239 [1]
Face Amount of Loans 101,680 [2]
Carrying Amount of Loans 79,000 [3],[4]
Office Building [Member] | Mortgage - Borrower A
 
Location California
Interest rate 1.10% [5]
Final Maturity Date May 03, 2013
Periodic Payment Terms P & I [6]
Face Amount of Loans 62,500 [2]
Carrying Amount of Loans 62,500 [3],[4]
Office Building [Member] | Subordinate Interests in Mortgage - Borrower B
 
Location New York
Interest rate 9.70% [5]
Final Maturity Date Oct. 09, 2013
Periodic Payment Terms I/O [6]
Prior Liens 80,000 [1]
Face Amount of Loans 27,000 [2]
Carrying Amount of Loans 27,000 [3],[4]
Office Building [Member] | Subordinate Interests in Mortgage - Borrower C
 
Location Diversified
Interest rate 5.30% [5]
Final Maturity Date Oct. 09, 2013
Periodic Payment Terms I/O [6]
Prior Liens 57,550 [1]
Face Amount of Loans 20,000 [2]
Carrying Amount of Loans 20,000 [3],[4]
Hotel [Member] | Subordinate Interests in Mortgage - Borrower D
 
Location Hawaii
Interest rate 7.50% [5]
Final Maturity Date Jul. 09, 2014
Periodic Payment Terms I/O [6]
Prior Liens 266,689 [1]
Face Amount of Loans 30,000 [2]
Carrying Amount of Loans 30,000 [3],[4]
Other | Subordinate Interests in Mortgage - All Individually less than 3%
 
Interest rate - min 1.70% [5]
Interest rate - max 5.20% [5]
Final Maturity Date Feb. 09, 2013
Final Maturity Date - earliest Nov. 09, 2011
Face Amount of Loans 24,680 [2]
Carrying Amount of Loans $ 2,000 [3],[4]
[1] Represents only third party liens.
[2] Mortgage loans which are greater than 90 days delinquent include $17.1 million of our subordinate interests in mortgages.
[3] Mortgage loans with a carrying value of $62.5 million are not consolidated for federal income tax purposes because they are held by securitization vehicles in which we invest, as further described in Note 5. Excluding these loans, the tax basis of the mortgage loans included above is approximately $80.3 million as of December 31, 2012.
[4] As of December 31, 2012, we identified three loans with an aggregate gross book value of $24.7 million for impairment, against which we have recorded a $22.7 million provision, and which are carried at an aggregate net book value of $2.0 million. See Note 5 for a description of our loan impairment and valuation process.
[5] Rates for floating rate loans are based on LIBOR of 0.21% as of December 31, 2012.
[6] P & I = principal and interest. I/O = interest only.