Investment Securities, at Fair Value (Tables)

9 Months Ended

Sep. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

The following tables detail the unrealized gains and losses on investment securities as of September 30, 2014 and December 31, 2013 (in thousands):

	September 30, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
CMBS		56,908		2,169		—		59,077
Total	$	56,908	$	2,169	$	—	$	59,077

	December 31, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Investments in real estate fund	$	1,589	$	—	$	(105	)	$	1,484
CMBS		60,452		498		(367	)		60,583
Total	$	62,041	$	498	$	(472	)	$	62,067

Available-for-Sale Securities

The scheduled maturity of the Company’s CMBS as of September 30, 2014 is as follows (in thousands):

	September 30, 2014
	Amortized Cost		Fair Value
Due within one year	$	—	$	—
Due after one year through five years		1,075		1,104
Due after five years through 10 years		38,144		39,696
Due after 10 years		17,689		18,277
	$	56,908	$	59,077