SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Reconciliation of interest income from loan held for investment

A reconciliation of the Company's interest income from loans held for investment, excluding non-controlling interests, to the Company's interest income from loans held for investment as included within its consolidated statements of operations for the three and nine months ended September 30, 2017 and 2016 is as follows ($ in thousands):

	For the three months ended September 30,				For the nine months ended September 30,
	2017		2016		2017		2016
Interest income from loans held for investment, excluding non-controlling interests	$	28,551	$	19,473	$	72,286	$	54,573
Interest income from non-controlling interest investment held by third parties	—		1,303		35		3,882
Interest income from loans held for investment	$	28,551	$	20,776	$	72,321	$	58,455

Schedule of interest expense

For the three and nine months ended September 30, 2017 and 2016, interest expense is comprised of the following ($ in thousands):

	For the three months ended September 30,				For the nine months ended September 30,
	2017		2016		2017		2016
Secured funding agreements and securitizations debt	$	10,312	$	6,914	$	26,635	$	20,339
Secured term loan	3,513		2,104		10,210		5,619
Interest expense	$	13,825	$	9,018	$	36,845	$	25,958