DISCONTINUED OPERATIONS (Tables) - Held for sale - Lending division

6 Months Ended

Jun. 30, 2016

Reconciliation of the carrying amounts of assets and liabilities that are classified as held for sale

	June 30, 2016		December 31, 2015
	(in thousands)
Assets held for sale
Loans receivable, net	$	100,664	$	103,440
Cash and cash equivalents		27,674		15,936
Restricted cash		1,873		819
Accounts receivable and interest receivable, net		990		691
Other intangible assets		2,957		2,957
Other assets		4,251		5,149
Total assets held for sale, net	$	138,409	$	128,992
Liabilities associated with assets held for sale
Debt	$	42,021	$	47,121
Accounts payable and accrued expenses		2,958		2,302
Other liabilities		6,823		3,317
Total liabilities associated with assets held for sale	$	51,802	$	52,740

Schedule of loans receivable

	June 30, 2016			December 31, 2015
	(in thousands)
Commercial mortgage loans	$	2,826		$	3,511
SBA 7(a) loans, subject to secured borrowings		31,601			36,574
SBA 7(a) loans		45,791			43,096
Commercial real estate loans, subject to secured borrowings		20,340			20,408
Loans receivable		100,558			103,589
Deferred capitalized costs, net		385			406
Loan loss reserves		(279	)		(555	)
Loans receivable, net	$	100,664		$	103,440

Schedule of debt

	June 30, 2016		December 31, 2015
	(in thousands)
Secured Borrowings—Government Guaranteed Loans:
Secured borrowing principal on SBA 7(a) loans sold for a premium and excess spread—variable rate, reset quarterly, based on prime rate with weighted average coupon rate of 4.14% and 3.90% at June 30, 2016 and December 31, 2015, respectively	$	25,014	$	29,481
Secured borrowing principal on loans sold for excess spread—variable rate, reset quarterly, based on prime rate with weighted average coupon rate of 1.83% and 1.58% at June 30, 2016 and December 31, 2015, respectively		4,868		4,947
Total Secured Borrowings—Government Guaranteed Loans		29,882		34,428
Secured Borrowings—Commercial Real Estate Loans:
Secured borrowings based on 49% of the principal on commercial real estate loans with variable interest rates, reset monthly, based on 30-day LIBOR with weighted average coupon rate of 12.50% and 9.77% at June 30, 2016 and December 31, 2015, respectively		9,967		10,000
Total Secured Borrowings—Commercial Real Estate Loans		9,967		10,000
Unamortized premiums and discounts, net		2,172		2,693
Total Secured Borrowings	$	42,021	$	47,121

Schedule of future principal payments on our debt

        Future principal payments on our lending segment debt (face value) at June 30, 2016 are as follows:

Years Ending December 31,	Secured Borrowings Principal(1)
	(in thousands)
2016 (Six months ending December 31, 2016)	$	1,155
2017		1,026
2018		11,028
2019		1,100
2020		1,141
Thereafter		24,399
	$	39,849

(1)           Principal payments are generally dependent upon cash flows received from the underlying loans. Our estimate of their repayment is based on scheduled principal payments on the underlying loans. Our estimate will differ from actual amounts to the extent we experience prepayments and/or loan liquidations or charge-offs. No payment is due unless payments are received from the borrowers on the underlying loans.

Reconciliation of the revenue and expenses classified as discontinued operations

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
	(in thousands)
Revenue—Interest and other income	$	5,338	$	5,768	$	8,680	$	10,946
Expenses:
Interest expense		581		120		1,058		421
Fees to related party		1,032		1,093		2,094		2,236
General and administrative		431		294		615		868
Provision for income taxes		471		277		661		475
Total expenses		2,515		1,784		4,428		4,000
Income from operations of assets held for sale	$	2,823	$	3,984	$	4,252	$	6,946