FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2015

FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of fair value of derivatives and their classification on consolidated balance sheets

	December 31,					Balance Sheet
	2015		2014		Level	Location
	(in thousands)
Liabilities:
Interest rate swaps	$	2,519	$	—	2	Other liabilities

Schedule of estimated fair values of financial instruments not recorded at fair value on consolidated balance sheets

	December 31, 2015				December 31, 2014
	Carrying		Estimated		Carrying		Estimated
	Amount		Fair Value		Amount		Fair Value		Level
	(in thousands)
Assets held for sale:
Loans receivable subject to credit risk	$	46,456	$	46,697	$	147,648	$	154,252	3
SBA 7(a) loans receivable, subject to secured borrowings		36,646		37,121		41,404		41,901	3
Commercial real estate loan, subject to secured borrowing		20,338		20,408		—		—	3
Liabilities:
Secured borrowings, included in liabilities associated with assets held for sale		47,121		47,121		41,901		41,901	3
Junior subordinated notes		24,979		25,046		24,906		24,877	3
Mortgages payable		145,969		147,516		223,808		231,806	3
Unsecured credit facility		107,000		107,000		360,000		360,000	3
Unsecured term loan facility		385,000		385,000		—		—	3