XML 127 R111.htm IDEA: XBRL DOCUMENT v3.10.0.1
Schedule IV - Mortgage Loans on Real Estate Mortgage Loans on Real Estate (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
loan
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Weighted Average Yield 7.76% 7.03%          
Prior Liens       $ 1,147,657      
Face amount of Mortgages       3,522,286      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Gross       3,500,829      
Provision for loan losses       (17,900) $ (4,000) $ (4,000) $ (3,700)
Carrying Amount of Mortgages $ 3,508,642 $ 2,353,977 $ 2,310,409 3,482,929 3,508,642 2,353,977 2,310,409
Loans in default, no losses expected       17,600      
Aggregate cost for U.S. federal tax income purposes       3,500,000      
Principal Amount of Mortgages Subject to Delinquent Principal or Interest       44,600      
Activity in loan portfolio              
Mortgage loans held by consolidated subsidiaries, beginning balance 3,508,642 2,353,977 2,310,409        
Origination of mortgage loan receivables 2,775,992 2,873,304 2,098,052        
Purchases of mortgage loan receivables 0 94,079 73,421        
Repayment of mortgage loan receivables 1,532,308 386,852 722,360        
Proceeds from sales of mortgage loan receivables 1,291,828 1,491,092 1,440,195        
Realized gain on sale of mortgage loan receivables 0 0 0        
Sale of loans, net 16,511 54,046 26,009        
Transfer between held for investment and held for sale 0 0 0        
Accretion/amortization of discount, premium and other fees 19,820 11,180 8,941        
Loan loss provision 13,900 0 300        
Mortgage loans held by consolidated subsidiaries, ending balance 3,482,929 3,508,642 2,353,977        
Provision for loan losses [1] 4,000            
Provision for loan and lease losses 13,900 0 300        
Provision for loan losses [1] 17,900 4,000          
Mortgage loans held by consolidated subsidiaries              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Carrying Amount of Mortgages 3,282,462 2,000,095 1,742,345 3,318,390 3,282,462 2,000,095 1,742,345
Activity in loan portfolio              
Mortgage loans held by consolidated subsidiaries, beginning balance 3,282,462 2,000,095 1,742,345        
Origination of mortgage loan receivables 1,478,771 1,407,669 969,401        
Purchases of mortgage loan receivables 0 94,079 0        
Repayment of mortgage loan receivables 1,518,066 384,283 720,592        
Proceeds from sales of mortgage loan receivables 0 0 0        
Realized gain on sale of mortgage loan receivables 0   0        
Sale of loans, net 0 0 0        
Transfer between held for investment and held for sale (55,403) (153,722) 0        
Accretion/amortization of discount, premium and other fees 19,820 11,180 (8,941)        
Loan loss provision   0 0        
Mortgage loans held by consolidated subsidiaries, ending balance 3,318,390 $ 3,282,462 2,000,095        
Provision for loan and lease losses $ 0            
Mortgage loan receivables held for investment, net, at amortized cost              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Weighted Average Yield 7.84% 7.18%          
Activity in loan portfolio              
Loan loss provision   $ 0          
Provision for loan losses $ 4,000 4,000 3,700        
Provision for loan and lease losses 13,900   300        
Provision for loan losses $ 17,900 $ 4,000 4,000        
Mortgage loan receivables held for sale              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Weighted Average Yield 5.46% 4.88%          
Carrying Amount of Mortgages $ 230,180 $ 357,882 571,764 182,439 $ 230,180 $ 357,882 $ 571,764
Activity in loan portfolio              
Mortgage loans held by consolidated subsidiaries, beginning balance 230,180 357,882 571,764        
Origination of mortgage loan receivables 1,297,221 1,465,635 1,128,651        
Purchases of mortgage loan receivables 0 0 73,421        
Repayment of mortgage loan receivables 14,242 2,569 1,768        
Proceeds from sales of mortgage loan receivables 1,291,828 1,491,092 1,440,195        
Realized gain on sale of mortgage loan receivables 0 0 0        
Sale of loans, net 16,511 54,046 (26,009)        
Transfer between held for investment and held for sale 55,403 153,722 0        
Accretion/amortization of discount, premium and other fees 0 0 0        
Loan loss provision   0          
Mortgage loans held by consolidated subsidiaries, ending balance 182,439 $ 230,180 357,882        
Provision for loan and lease losses $ 0   $ 0        
First mortgage loan              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Prior Liens       0      
Face amount of Mortgages       3,374,065      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Gross       3,353,227      
Principal Amount of Mortgages Subject to Delinquent Principal or Interest       44,600      
Second Mortgage              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Prior Liens       1,147,657      
Face amount of Mortgages       148,221      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Gross       147,602      
Principal Amount of Mortgages Subject to Delinquent Principal or Interest       0      
Multi-family | First Mortgage, 5.15 Percent              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Weighted Average Yield 2.87%            
Prior Liens       0      
Face amount of Mortgages       120,000      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Gross       119,952      
Principal Amount of Mortgages Subject to Delinquent Principal or Interest       0      
Hotel | First Mortgage 5.75 Percent              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Weighted Average Yield 7.50%            
Prior Liens       0      
Face amount of Mortgages       106,000      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Gross       105,006      
Principal Amount of Mortgages Subject to Delinquent Principal or Interest       0      
Hotel, Industrial, Land, Mobile Home Park, Mixed Use, Multi-family, Office, Other Commercial, Retail [Member] | First Mortgages Individually Less than Three Percent              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Prior Liens       0      
Face amount of Mortgages       3,148,065      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Gross       3,128,269      
Principal Amount of Mortgages Subject to Delinquent Principal or Interest       44,600      
Hotel, Industrial, Land, Mobile Home Park, Mixed Use, Multi-family, Office, Other Commercial, Retail [Member] | Subordinate Mortgages Individually Less Than Three Percent              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Prior Liens       1,147,657      
Face amount of Mortgages       148,221      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Gross       147,602      
Principal Amount of Mortgages Subject to Delinquent Principal or Interest       0      
Two Of Company Loans | Mortgage loan receivables held for investment, net, at amortized cost              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Number or loans in default | loan 2            
Loans in default, carrying value       $ 26,900      
Allowance for Loan and Lease Losses, Provision For Loss Resulting From On-going Bankruptcy Proceedings $ 2,700            
Minimum | Hotel, Industrial, Land, Mobile Home Park, Mixed Use, Multi-family, Office, Other Commercial, Retail [Member] | First Mortgages Individually Less than Three Percent              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Weighted Average Yield 6.04%            
Minimum | Hotel, Industrial, Land, Mobile Home Park, Mixed Use, Multi-family, Office, Other Commercial, Retail [Member] | Subordinate Mortgages Individually Less Than Three Percent              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Weighted Average Yield 6.04%            
Maximum | Hotel, Industrial, Land, Mobile Home Park, Mixed Use, Multi-family, Office, Other Commercial, Retail [Member] | First Mortgages Individually Less than Three Percent              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Weighted Average Yield 15.00%            
Maximum | Hotel, Industrial, Land, Mobile Home Park, Mixed Use, Multi-family, Office, Other Commercial, Retail [Member] | Subordinate Mortgages Individually Less Than Three Percent              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Weighted Average Yield 15.00%            
[1] Includes amounts relating to consolidated variable interest entities. See Note 3.