Fair Value Of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Of Financial Instruments [Abstract]

Schedule Of Comparison Of The Carrying Value And Estimated Fair Value Of These Financial Instruments

(In thousands)
	As of June 30, 2012				As of December 31, 2011
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Cash and cash equivalents	$	5,150	$	5,150	$	4,657	$	4,657
Restricted cash and cash equivalents		128,382		128,382		104,679		104,679
Restricted securities available for sale		885		885		810		810
Net investment in Loans receivable		1,815,889		1,829,847		1,598,573		1,615,009
Derivative instruments		25		25		16		16
Liabilities
Revolving secured line of credit	$	13,100	$	13,100	$	43,900	$	43,900
Secured financing		764,450		769,653		599,281		598,622
Mortgage note		4,166		4,166		4,288		4,288
Senior notes		350,330		381,063		350,378		365,500

Schedule Of Assets And Liabilities, Measured At Fair Value On A Recurring Basis

(In thousands)
	As of June 30, 2012
	Level 1		Level 2		Level 3		Total Fair Value
Assets
Cash and cash equivalents	$	5,150	$	–	$	–	$	5,150
Restricted cash and cash equivalents		128,382		–		–		128,382
Restricted securities available for sale		885		–		–		885
Net investment in Loans receivable		–		–		1,829,847		1,829,847
Derivative instruments		–		25		–		25
Liabilities
Revolving secured line of credit	$	–	$	13,100	$	–	$	13,100
Secured financing		–		769,653		–		769,653
Mortgage note		–		4,166		–		4,166
Senior notes		381,063		–		–		381,063
(In thousands)
	As of December 31, 2011
	Level 1		Level 2		Level 3		Total Fair Value
Assets
Cash and cash equivalents	$	4,657	$	–	$	–	$	4,657
Restricted cash and cash equivalents		104,679		–		–		104,679
Restricted securities available for sale		810		–		–		810
Net investment in Loans receivable		–		–		1,615,009		1,615,009
Derivative instruments		–		16		–		16
Liabilities
Revolving secured line of credit	$	–	$	43,900	$	–	$	43,900
Secured financing		–		598,622		–		598,622
Mortgage note		–		4,288		–		4,288
Senior notes		365,500		–		–		365,500