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LOANS HELD FOR INVESTMENT (Details 2) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended 3 Months Ended 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Weighted Average
Dec. 31, 2012
Weighted Average
Mar. 31, 2013
Senior mortgage loans
Mar. 31, 2013
Senior mortgage loans
Weighted Average
Mar. 31, 2013
Subordinated and mezzanine loans
Mar. 31, 2013
Subordinated and mezzanine loans
Weighted Average
Loans held for investment                
Carrying Amount $ 409,943       $ 342,766   $ 67,177  
Outstanding Principal 412,993       345,343   67,650  
Interest Rate (as a percent)     6.30%     5.90%   8.30%
Unleveraged Effective Yield (as a percent) 7.00%   7.00% 7.40%   6.50%   10.90%
Remaining Life     2 years 7 months 6 days     2 years 7 months 6 days   2 years 6 months
Change in the activity of loan portfolio                
Balance at the beginning of the period 353,500       342,766   67,177  
Initial funding 50,999              
Receipt of origination fee, net of costs (539)              
Additional funding (5,300)              
Amortizing payments (56)              
Origination fee accretion 739 57            
Balance at the end of the period $ 409,943       $ 342,766   $ 67,177