XML 74 R34.htm IDEA: XBRL DOCUMENT v3.2.0.727
Loans Receivable (Tables) - Loans receivable
 6 Months Ended
Jun. 30, 2015
Loans Receivable:  
Schedule of loans receivable (in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

December 31, 2014

 

 

  

Real Estate

  

Other

  

 

 

  

Real Estate

  

Other

  

 

 

 

 

 

Secured

 

Secured

 

Total

 

Secured

 

Secured

 

Total

 

Mezzanine

 

$

 —

 

$
795,794

 

$
795,794

 

$

 —

 

$
799,064

 

$
799,064

 

Other(1) 

 

 
90,549

 

 

 —

 

 
90,549

 

 
135,363

 

 

 —

 

 
135,363

 

Unamortized discounts, fees and costs

 

 

 —

 

 
(10,312)

 

 
(10,312)

 

 

 —

 

 
(14,056)

 

 
(14,056)

 

Allowance for loan losses

 

 

 —

 

 
(13,410)

 

 
(13,410)

 

 

 —

 

 
(13,410)

 

 
(13,410)

 

 

 

$
90,549

 

$
772,072

 

$
862,621

 

$
135,363

 

$
771,598

 

$
906,961

 

(1)Represents construction loans outstanding related to senior housing development projects. At June 30, 2015, the Company had $3 million remaining under its commitments to fund development projects.

Summary of the Company's internal ratings for loans receivable (dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying

 

Percentage of

 

Internal Ratings

 

Investment Type

  

Amount

  

Loan Portfolio

  

Performing Loans

  

Watch List Loans

  

Workout Loans

 

Real estate secured 

 

$
90,549

 

10

 

$
90,549

 

$

 —

 

$

 —

 

Other secured

 

 
772,072

 

90

 

 
755,085

 

 

 —

 

 
16,987

 

 

 

$
862,621

 

100

 

$
845,634

 

$

 —

 

$
16,987