DEBT (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of debt

Information on our debt is as follows:

	September 30, 2016			December 31, 2015
	(in thousands)
Mortgage loans with a fixed interest rate of 4.14% per annum, with monthly payments of    interest only, and balances totaling $392,000,000 due on July 1, 2026. The loans are    nonrecourse.	$	392,000		$	—
Mortgage loan with a fixed interest rate of 4.50% per annum, with monthly payments of    interest only for 10 years, and payments of interest and principal starting in February 2022.    The loan has a $42,008,000 balance due on January 5, 2027. The loan is nonrecourse.	46,000			46,000
Mortgage loans with a fixed interest rate of 5.39% per annum, with monthly payments of    principal and interest, and balances totaling $35,695,000 due on March 1, 2021. The loans    are nonrecourse.	39,319			39,846
Mortgage loan with a fixed interest rate of 5.18% per annum, with monthly payments of    principal and interest, and a balance of $26,232,000 due on June 5, 2021. The loan is    nonrecourse.	29,314			29,744
Mortgage loan with a fixed interest rate of 6.65% per annum, with monthly payments of    principal and interest. The loan has a 25-year amortization schedule with a $21,136,000    balance due on July 15, 2018. The loan is nonrecourse.	26,924			29,201
	533,557			144,791
Deferred loan costs related to mortgage loans	(2,454		)	(897		)
Premiums and discounts on assumed mortgages, net	836			1,178
Total Mortgages Payable	531,939			145,072
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 4.13% and 3.90% at September 30, 2016 and December 31, 2015, respectively.	23,416			29,481
Secured borrowing principal on SBA 7(a) 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 September 30, 2016 and December 31, 2015, respectively.	4,829			4,947
	28,245			34,428
Unamortized discounts and premiums, net	2,110			2,693
Total Secured Borrowings—Government Guaranteed Loans	30,355			37,121
Unsecured term loan facility	385,000			385,000
Junior subordinated notes with a variable interest rate which resets quarterly based on the    90-day LIBOR plus 3.25%, with quarterly interest only payments. Balance due at    maturity on March 30, 2035.	27,070			27,070
Unsecured credit facility	—			107,000
	412,070			519,070
Deferred loan costs related to unsecured term loan and credit facilities	(3,140		)	(5,216		)
Discount on junior subordinated notes	(2,035		)	(2,091		)
Total Other	406,895			511,763
Total Debt	$	969,189		$	693,956

Schedule of future principal payments on our debt (face value)

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

Years Ending December 31,	Secured Borrowings Principal(1)		Mortgages Payable		Other(2)		Total
	(in thousands)
2016 (Three months ending December 31, 2016)	$	244	$	1,120	$	—	$	1,364
2017	999		4,642		—		5,641
2018	1,033		24,300		—		25,333
2019	1,070		1,519		—		2,589
2020	1,110		1,596		—		2,706
Thereafter	23,789		500,380		412,070		936,239
	$	28,245	$	533,557	$	412,070	$	973,872