Subsequent Events	12 Months Ended
Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent events	Subsequent Events Loan Acquisitions During January and February 2018, the Company acquired 85 RPLs with an aggregate UPB of $18.9 million in three transactions. The loans were acquired at 89.3% of UPB and the estimated market value of the underlying collateral is $31.2 million. The purchase price equaled 53.9% of the estimated market value of the underlying collateral. The Company also acquired a 32-unit multi-family apartment building with a purchase price of $3.5 million. Additionally, the Company has agreed to acquire, subject to due diligence, 422 RPLs with aggregate UPB of $91.6 million in five transactions from five different sellers. The purchase price equals 95.8% of UPB and 55.8% of the estimated market value of the underlying collateral of $157.3 million. The Company also agreed to purchase two SBC loans with UPB of $2.7 million. The investment will equal 67.8% of the underlying collateral value of $3.9 million. Some of these loans may be acquired through joint ventures with unrelated third parties. Investment in Servicer On January 26, 2018, the Company agreed to acquire an 8% ownership interest in GAFS, the parent of the Company’s servicer, Gregory Funding LLC. The acquisition is expected to be completed in two transactions. January 26, 2018 was the initial closing date wherein a 4.9% interest in GAFS and three warrants, each exercisable for a 2.45% interest in GAFS upon payment of additional consideration, in exchange for consideration of $1.1 million of cash and 45,938 shares of the Company’s common stock with a value of approximately $0.6 million. At the date of an additional closing, expected to take place approximately 121 days afterward, depending upon receipt of all necessary approvals, consents and authorizations, an additional 3.1% interest in GAFS, and three warrants, each exercisable for a 1.55% interest in GAFS in exchange for consideration of $0.7 million of cash and shares of the Company’s common stock with a value of approximately $0.4 million, with the actual number of shares dependent upon the common stock’s price at the close of trading on the day immediately preceding the date of the additional closing. Management Fees On February 16, 2018, the Company issued 48,654 shares of its common stock to the Manager in payment of the portion of the base management fee which is payable in common stock for the fourth quarter of 2017 in a private transaction. The management fee expense associated with these shares was recorded as an expense in the fourth quarter of 2017. Directors’ Retainer On February 16, 2018, the Company issued to each of its four independent directors 607 shares of its common stock in payment of half of their quarterly director fees for the fourth quarter of 2017. Dividend Declaration On February 21, 2018, the Company’s Board of Directors declared a dividend of $0.30 per share, to be paid on March 30, 2018 to stockholders of record as of March 15, 2018.

Subsequent Events

Loan Acquisitions

During January and February 2018, the Company acquired 85 RPLs with an aggregate UPB of $18.9 million in three transactions. The loans were acquired at 89.3% of UPB and the estimated market value of the underlying collateral is $31.2 million. The purchase price equaled 53.9% of the estimated market value of the underlying collateral. The Company also acquired a 32-unit multi-family apartment building with a purchase price of $3.5 million.

Additionally, the Company has agreed to acquire, subject to due diligence, 422 RPLs with aggregate UPB of $91.6 million in five transactions from five different sellers. The purchase price equals 95.8% of UPB and 55.8% of the estimated market value of the underlying collateral of $157.3 million. The Company also agreed to purchase two SBC loans with UPB of $2.7 million. The investment will equal 67.8% of the underlying collateral value of $3.9 million. Some of these loans may be acquired through joint ventures with unrelated third parties.

Investment in Servicer

On January 26, 2018, the Company agreed to acquire an 8% ownership interest in GAFS, the parent of the Company’s servicer, Gregory Funding LLC. The acquisition is expected to be completed in two transactions. January 26, 2018 was the initial closing date wherein a 4.9% interest in GAFS and three warrants, each exercisable for a 2.45% interest in GAFS upon payment of additional consideration, in exchange for consideration of $1.1 million of cash and 45,938 shares of the Company’s common stock with a value of approximately $0.6 million. At the date of an additional closing, expected to take place approximately 121 days afterward, depending upon receipt of all necessary approvals, consents and authorizations, an additional 3.1% interest in GAFS, and three warrants, each exercisable for a 1.55% interest in GAFS in exchange for consideration of $0.7 million of cash and shares of the Company’s common stock with a value of approximately $0.4 million, with the actual number of shares dependent upon the common stock’s price at the close of trading on the day immediately preceding the date of the additional closing.

Management Fees

On February 16, 2018, the Company issued 48,654 shares of its common stock to the Manager in payment of the portion of the base management fee which is payable in common stock for the fourth quarter of 2017 in a private transaction. The management fee expense associated with these shares was recorded as an expense in the fourth quarter of 2017.

Directors’ Retainer

On February 16, 2018, the Company issued to each of its four independent directors 607 shares of its common stock in payment of half of their quarterly director fees for the fourth quarter of 2017.

Dividend Declaration

On February 21, 2018, the Company’s Board of Directors declared a dividend of $0.30 per share, to be paid on March 30, 2018 to stockholders of record as of March 15, 2018.