DEBT (Tables)

12 Months Ended

Dec. 31, 2018

Debt [Abstract]

Schedule of Debt

	At				At
	December 31, 2018				December 31, 2017
			Wtd. Avg.				Wtd. Avg.
			Effective				Effective
	Carrying		Interest		Carrying		Interest
(dollars in thousands)	Value		Rate		Value		Rate
Asset Related Debt
Notes Payable and Other Debt
Bond related debt (1)
Due within one year	$	317	4.0	%	$	41,767	3.2	%
Due after one year		38,938	3.7			42,071	2.9
Non-bond related debt
Due within one year		1,500	5.0			─	─
Due after one year		3,500	5.0			─	─
Total asset related debt		44,255	3.9			83,838	3.1
Other Debt
Subordinated debt (2)
Due within one year		2,232	3.7			2,297	2.6
Due after one year		95,490	3.7			97,700	2.6
Notes payable and other debt (3)
Due within one year		─	─			14,733	2.8
Due after one year		7,210	14.7			10,859	12.1
Total other debt		104,932	4.5			125,589	3.5
Total asset related debt and other debt		149,187	4.3			209,427	3.3
Debt related to CFVs (4)
Due within one year		─	─			6,712	6.5
Total debt related to CFVs		─	─			6,712	6.5
Total debt	$	149,187	4.3		$	216,139	3.4

⁽¹⁾ Included in notes payable and other debt – bond related debt were unamortized debt issuance costs. The balance at December 31, 2018 and December 31, 2017 was de minimis.

⁽²⁾ The subordinated debt balances include net cost basis adjustments of $7.9  million and $8.3 million at December 31, 2018 and December 31, 2017, respectively, that pertain to premiums and debt issuance costs.

⁽³⁾ Included in notes payable and other debt – other debt were unamortized debt issue costs of $0.2 million and $0.4 million at December 31, 2018 and December 31, 2017, respectively.

⁽⁴⁾ See Note 16, “Consolidated Funds and Ventures,” for more information.

Schedule of Maturities of Long-term Debt

	Asset Related Debt
(in thousands)	and Other Debt
2019	$	3,595
2020		29,326
2021		14,103
2022		1,980
2023		1,954
Thereafter		90,144
Net premium and debt issue costs		8,085
Total debt	$	149,187

Schedule of Subordinate Debt

(dollars in thousands)			Net Premium				Interim
			and Debt				Principal
Issuer	Principal		Issuance Costs		Carrying Value		Payments	Maturity Date	Coupon
MFH	$	26,526	$	2,403	$	28,929	Amortizing	March 30, 2035	3-month LIBOR plus 2.0%
MFH		24,120		2,195		26,315	Amortizing	April 30, 2035	3-month LIBOR plus 2.0%
MFH		13,904		1,169		15,073	Amortizing	July 30, 2035	3-month LIBOR plus 2.0%
MFH		25,279		2,126		27,405	Amortizing	July 30, 2035	3-month LIBOR plus 2.0%
Total	$	89,829	$	7,893	$	97,722