DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2016

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

The following is the detail of the carrying amounts of assets and liabilities of the components of the lending segment that are classified as held for sale on the consolidated balance sheets as of September 30, 2016 and December 31, 2015:

	September 30, 2016		December 31, 2015
	(in thousands)
Assets held for sale
Loans receivable, net (1)	$	41,526	$	20,338
Cash and cash equivalents	546		1,471
Restricted cash	1,084		—
Accounts receivable and interest receivable, net	516		253
Other assets	18		—
Total assets held for sale, net	$	43,690	$	22,062
Liabilities associated with assets held for sale
Debt (2)	$	9,897	$	10,000
Accounts payable and accrued expenses	166		230
Other liabilities	1,882		22
Total liabilities associated with assets held for sale	$	11,945	$	10,252

Reconciliation of the revenue and expenses classified as discontinued operations

The following is the detail of income from operations of assets held for sale classified as discontinued operations on the consolidated statements of operations:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(in thousands)
Revenue—Interest and other income	$	1,198	$	4,712	$	4,729	$	11,330
Expenses:
Interest expense	355		—		1,231		—
Fees to related party	137		72		417		596
General and administrative	3		—		20		194
Total expenses	495		72		1,668		790
Income from operations of assets held for sale	$	703	$	4,640	$	3,061	$	10,540