Investment Securities, at Fair Value (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2014 and December 31, 2013 (in thousands):

	December 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
CMBS	$	56,459	$	2,207	$	(20	)	$	58,646

	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 December 31, 2014 is as follows (in thousands):

	December 31, 2014
	Amortized Cost		Fair Value
Due within one year	$	—	$	—
Due after one year through five years	945		969
Due after five years through 10 years	48,661		50,814
Due after 10 years	6,853		6,863
	$	56,459	$	58,646