Investment Securities, at Fair Value (Tables)

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Schedule of Unrealized Gains and Losses on Investment Securities

The following tables detail the unrealized gains and losses on investment securities as of March 31, 2017 and December 31, 2016 (in thousands):

	March 31, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
CMBS	$	43,906	$	1,039	$	(2,315	)	$	42,630

	December 31, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
CMBS	$	48,297	$	1,248	$	(2,330	)	$	47,215

Schedule of Maturity of CMBS

The scheduled maturity of the Company’s CMBS as of March 31, 2017 are as follows (in thousands):

	March 31, 2017
	Amortized Cost		Fair Value
Due within one year	$	—	$	—
Due after one year through five years	18,142		18,638
Due after five years through 10 years	11,955		9,685
Due after 10 years	13,809		14,307
Total	$	43,906	$	42,630