FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Fair Value and Classification of Derivative Financial Instruments

The table below presents the fair value of our derivative financial instruments as well as their classification on our consolidated balance sheets:

	September 30, 2018		December 31, 2017		Level	Balance Sheet Location
	(in thousands)
Assets:
Interest rate swaps	$	3,288	$	1,631	2	Other assets

Fair Values of Financial Instrument Not Recorded at Fair Value on a Recurring Basis

The estimated fair values of those financial instruments which are not recorded at fair value on a recurring basis on our consolidated balance sheets are as follows:

	September 30, 2018				December 31, 2017
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Level
	(in thousands)
Assets:
SBA 7(a) loans receivable, subject to loan-backed notes	$	38,976	$	39,674	$	—	$	—	3
SBA 7(a) loans receivable, subject to secured borrowings	20,725		21,115		21,728		22,157		3
SBA 7(a) loans receivable, subject to credit risk	22,197		22,688		58,904		61,277		3
Commercial mortgage loans receivable	—		—		424		424		3
Liabilities:
Mortgages payable	414,896		400,522		414,760		413,819		3
Junior subordinated notes	25,194		24,369		25,133		24,162		3