XML 70 R65.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans Receivable (Details) (USD $)
12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2012
Real Estate Secured
Dec. 31, 2011
Real Estate Secured
Dec. 31, 2012
Other Secured
Dec. 31, 2011
Other Secured
Jul. 31, 2012
Tandem Health Care Loan
Jul. 31, 2012
Tandem Health Care Loan
First Tranche
Jul. 31, 2012
Tandem Health Care Loan
Second Tranche
Jul. 31, 2012
Tandem Health Care Loan
Maximum
Dec. 31, 2012
Delphis
item
Dec. 31, 2011
Delphis
Apr. 30, 2011
HCR ManorCare
Dec. 31, 2007
HCR ManorCare, mezzanine loan
Jan. 31, 2011
HCR ManorCare, participation in first mortgage debt
Aug. 31, 2009
HCR ManorCare, participation in first mortgage debt
Apr. 30, 2011
Genesis HealthCare Loans
Sep. 30, 2010
Genesis Senior Loans
Sep. 30, 2010
Genesis Senior Loans
Minimum
Sep. 30, 2010
Genesis Senior Loans
Maximum
Oct. 31, 2010
Genesis Mezzanine participation loan
Loans receivable:                                          
Mezzanine $ 90,148,000 $ 145,150,000     $ 145,150,000 $ 90,148,000                              
Loan receivable 35,643,000 147,264,000 147,264,000 35,643,000       100,000,000 105,000,000 205,000,000                      
Unamortized discounts, fees and costs (2,128,000) (2,974,000)   (1,040,000) (2,974,000) (1,088,000)                              
Interest income related to loans     6,000,000                                    
Accrued interest receivables related to loans     3,000,000                                    
Loan receivable subordinated to senior mortgage debt             400,000,000                            
Loan receivable subordinated to senior mezzanine debt             137,000,000                            
Loan receivable, interest rate payable at maturity (as a percent)               12.00% 14.00%                        
Loan receivable term                   63 months                      
Distribution of fund to guarantor                     1,500,000                    
Cash payment received                     4,800,000                    
Legal expenses                     500,000                    
Other consideration received                     2,100,000                    
Proceeds from guarantor                     6,900,000 2,100,000                  
Proceeds from repayment                     43,000,000           330,400,000        
Loans receivable, net reported amount                     30,700,000 75,700,000                  
Proceeds from sale of collateral asset                     38,100,000                    
Number of collateral primary assets sold                     2                    
Reconciliation of beginning and ending allowance for loan losses                                          
Balance at the beginning of the period 3,397,000 13,410,000     13,410,000 13,410,000                              
Additions 10,013,000                                        
Balance at the end of the period 13,410,000 13,410,000     13,410,000 13,410,000                              
Additions related to accrued interest receivable 5,400,000 5,400,000                                      
Loans receivable, net 110,253,000 276,030,000 147,264,000 34,603,000 128,766,000 75,650,000                              
Loans receivable purchased, face or par value                             360,000,000 720,000,000   278,000,000     50,000,000
Loan receivable purchased, acquisition cost                           900,000,000              
Loans receivable purchased, discount                           100,000,000   130,000,000   28,000,000     10,000,000
Amount of loans settled                         2,000,000,000                
Debt instrument, variable rate basis                           one-month London Interbank Offered Rate ("LIBOR") LIBOR LIBOR   LIBOR     LIBOR
Debt instrument, variable rate floor (as a percent)                                     1.50% 2.50%  
Debt instrument, basis spread on variable rate (as a percent)                           4.00% 1.25%       4.75% 5.75% 7.50%
Additional interest income as a result of extinguishment of loans                         23,000,000       34,800,000        
Termination fee                                         $ 2,300,000