Debt (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Subordinated Borrowing

The following table summarizes the key details of the Company’s subordinated debentures as of September 30, 2018 and December 31, 2017 (dollar amounts in thousands):

	NYM Preferred Trust I		NYM Preferred Trust II
Principal value of trust preferred securities	$	25,000	$	20,000
Interest rate	Three month LIBOR plus 3.75%, resetting quarterly		Three month LIBOR plus 3.95%, resetting quarterly
Scheduled maturity	March 30, 2035		October 30, 2035

Schedule of Long-term Debt Instruments

The mortgages and notes payable in the consolidated VIEs as of September 30, 2018 are described below (dollar amounts in thousands):

	Assumption/Origination Date	Mortgage Note Amount		Maturity Date	Interest Rate		Net Deferred Finance Costs
The Clusters	6/30/2014	$	27,445	7/6/2024	4.49	%	$	58
KRVI	12/16/2016	$	5,098	12/16/2019	6.75	%	$	—

Schedule of Maturities of Long-term Debt

The following table presents contractual maturity information about the Financing VIEs’ securitized debt as of September 30, 2018 and December 31, 2017, respectively (dollar amounts in thousands):

ScheduledMaturity(principal amount)	September 30, 2018			December 31, 2017
Within 24 months	$	24,051		$	53,089
Over 24 months to 36 months	—			—
Over 36 months	33,218			33,350
Total	57,269			86,439
Discount	(3,312		)	(4,232		)
Debt issuance cost	(360		)	(670		)
Carrying value	$	53,597		$	81,537

As of September 30, 2018, maturities for debt on the Company's condensed consolidated balance sheet are as follows (dollar amounts in thousands):

Fiscal Year	Total
2018	$	—
2019	5,098
2020	—
2021	—
2022	138,000
2023	—
Thereafter	72,445
	$	215,543