CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents [1] $ 78,756 $ 79,905
Restricted cash [1] 40,635 122,138
Investment securities, trading [1] 25,550 20,786
Investment securities available-for-sale, pledged as collateral, at fair value [1] 162,306 197,800
Investment securities available-for-sale, at fair value [1] 45,782 77,920
Linked transactions, net at fair value [1] 0 15,367
Loans held for sale ($94.5 million and $113.4 million at fair value) [1] 95,946 113,675
Property available-for-sale 0 180
Loans, pledged as collateral and net of allowances of $47.5 million and $4.6 million [1] 2,160,751 1,925,980
Loans receivable–related party [1] 0 558
Investments in unconsolidated subsidiaries [1] 50,030 59,827
Derivatives, at fair value [1] 3,446 5,304
Interest receivable [1] 14,009 16,260
Deferred tax asset, net [1] 12,646 12,634
Principal paydown receivable [1] 17,941 40,920
Direct financing leases, net of allowances of $0.5 million and $0 [1] 931 2,109
Intangible assets [1] 26,228 18,610
Prepaid expenses [1] 3,180 4,196
Other assets [1] 22,295 14,510
Total assets [1] 2,760,432 2,728,679
LIABILITIES    
Borrowings [2] 1,895,288 1,716,871
Distribution payable [2] 17,351 30,592
Accrued interest expense [2] 5,604 2,123
Derivatives, at fair value [2] 3,941 8,476
Accrued tax liability [2] 549 9,219
Accounts payable and other liabilities [2] 10,939 9,287
Total liabilities [2] 1,933,672 1,776,568
EQUITY    
Common stock, par value $0.001: 125,000,000 shares authorized; 31,562,724 and 33,243,794 shares issued and outstanding (including 691,369 and 505,910 unvested restricted shares) 32 33
Additional paid-in capital 1,228,346 1,245,345
Accumulated other comprehensive income (loss) (2,923) 6,043
Distributions in excess of earnings (406,603) (315,910)
Total stockholders’ equity 818,864 935,523
Non-controlling interests 7,896 16,588
Total equity 826,760 952,111
TOTAL LIABILITIES AND EQUITY 2,760,432 2,728,679
Redeemable Preferred Stock Series A [Member]    
EQUITY    
Preferred stock, par value $0.001 1 1
Redeemable Preferred Stock Series B [Member]    
EQUITY    
Preferred stock, par value $0.001 6 6
Redeemable Preferred Stock Series C [Member]    
EQUITY    
Preferred stock, par value $0.001 $ 5 $ 5
[1] December 31, 2015December 31, 2014Assets of consolidated Variable Interest Entities ("VIEs") included in the total assets above: Cash and cash equivalents $95 $25 Restricted cash$39,061 $121,247 Investments securities available-for-sale, pledged as collateral, at fair value66,137 119,203 Loans held for sale1,475 282Loans, pledged as collateral and net of allowances of $3.3 million and $8.8 million1,416,441 1,261,137 Interest receivable6,592 8,941 Prepaid expenses238 221 Principal paydown receivable17,800 25,767 Other assets833 (12) Total assets of consolidated VIEs$1,548,672 $1,536,811
[2] December 31, 2015 December 31, 2014Liabilities of consolidated VIEs included in the total liabilities above: Borrowings$1,032,581 $1,046,494 Accrued interest expense923 1,000 Derivatives, at fair value3,346 8,439 Unsettled loan purchases— (529) Accounts payable and other liabilities(117) (386) Total liabilities of consolidated VIEs$1,036,733 $1,055,018