XML 81 R64.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Hierarchy for Financial Instruments Not Fair Valued but For Which Fair Value Is Required To Be Disclosed (Detail) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Fair Value Measurement Inputs Disclosure [Line Items]    
Junior subordinated notes $ 5,111 $ 8,121
Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Junior subordinated notes $ 5,111 [1] $ 8,121 [2]
Total investment in mortgage loans, held for investment, net, Valuation Technique us-gaap:ValuationTechniqueDiscountedCashFlowMember  
Investment in mortgage loans, held for sale, Valuation Technique us-gaap:ValuationTechniqueDiscountedCashFlowMember us-gaap:ValuationTechniqueDiscountedCashFlowMember
Significant Unobservable Inputs (Level 3) | Other indebtedness    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness, Valuation Technique   us-gaap:ValuationTechniqueDiscountedCashFlowMember
CMBS securitizations | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness, Valuation Technique us-gaap:ValuationTechniqueDiscountedCashFlowMember us-gaap:ValuationTechniqueDiscountedCashFlowMember
Carrying Amount    
Fair Value Measurement Inputs Disclosure [Line Items]    
Total investment in mortgage loans, held for investment, net $ 714,406 $ 1,255,723
Investment in mortgage loans, held for sale 6,198  
Carrying Amount | Other indebtedness    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness   40,955
Carrying Amount | CMBS securitizations    
Fair Value Measurement Inputs Disclosure [Line Items]    
Notes payable 454,440 736,586
Estimated Fair Value    
Fair Value Measurement Inputs Disclosure [Line Items]    
Total investment in mortgage loans, held for investment, net 664,235 1,252,780
Investment in mortgage loans, held for sale 6,198  
Estimated Fair Value | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Total investment in mortgage loans, held for investment, net 664,235 1,252,780
Investment in mortgage loans, held for sale 6,198  
Estimated Fair Value | Significant Unobservable Inputs (Level 3) | Other indebtedness    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness   40,830
Estimated Fair Value | CMBS securitizations | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Notes payable $ 459,029 $ 744,359
7.0% convertible senior notes | Significant Other Observable Inputs (Level 2)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness, Valuation Technique ras:ValuationTechniqueTradingPricingMember ras:ValuationTechniqueTradingPricingMember
7.0% convertible senior notes | Carrying Amount    
Fair Value Measurement Inputs Disclosure [Line Items]    
Convertible senior notes $ 835 $ 833
7.0% convertible senior notes | Estimated Fair Value | Significant Other Observable Inputs (Level 2)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Convertible senior notes $ 560 $ 533
4.0% convertible senior notes | Significant Other Observable Inputs (Level 2)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness, Valuation Technique ras:ValuationTechniqueTradingPricingMember ras:ValuationTechniqueTradingPricingMember
4.0% convertible senior notes | Carrying Amount    
Fair Value Measurement Inputs Disclosure [Line Items]    
Convertible senior notes $ 66,364 $ 106,800
4.0% convertible senior notes | Estimated Fair Value | Significant Other Observable Inputs (Level 2)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Convertible senior notes $ 67,242 $ 103,457
7.625% senior notes due 2024 | Significant Other Observable Inputs (Level 2)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness, Valuation Technique ras:ValuationTechniqueTradingPricingMember ras:ValuationTechniqueTradingPricingMember
7.625% senior notes due 2024 | Carrying Amount    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness $ 54,984 $ 54,867
7.625% senior notes due 2024 | Estimated Fair Value | Significant Other Observable Inputs (Level 2)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness $ 44,721 $ 43,009
7.125% Senior Notes due 2019 | Significant Other Observable Inputs (Level 2)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness, Valuation Technique ras:ValuationTechniqueTradingPricingMember ras:ValuationTechniqueTradingPricingMember
7.125% Senior Notes due 2019 | Carrying Amount    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness $ 67,753 $ 67,474
7.125% Senior Notes due 2019 | Estimated Fair Value | Significant Other Observable Inputs (Level 2)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness $ 62,525 $ 61,567
Senior Secured Notes | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness, Valuation Technique us-gaap:ValuationTechniqueDiscountedCashFlowMember us-gaap:ValuationTechniqueDiscountedCashFlowMember
Senior Secured Notes | Carrying Amount    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness $ 9,266 $ 11,063
Senior Secured Notes | Estimated Fair Value | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness $ 9,061 $ 11,197
Junior subordinated notes, at amortized cost | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness, Valuation Technique us-gaap:ValuationTechniqueDiscountedCashFlowMember us-gaap:ValuationTechniqueDiscountedCashFlowMember
Junior subordinated notes, at amortized cost | Carrying Amount    
Fair Value Measurement Inputs Disclosure [Line Items]    
Junior subordinated notes $ 25,100 $ 25,100
Junior subordinated notes, at amortized cost | Estimated Fair Value | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Junior subordinated notes $ 5,652 $ 8,849
CDO notes payable, at amortized cost | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness, Valuation Technique us-gaap:ValuationTechniqueDiscountedCashFlowMember us-gaap:ValuationTechniqueDiscountedCashFlowMember
CDO notes payable, at amortized cost | Carrying Amount    
Fair Value Measurement Inputs Disclosure [Line Items]    
Notes payable $ 209,752 $ 254,724
CDO notes payable, at amortized cost | Estimated Fair Value | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Notes payable $ 176,875 $ 196,212
Loan Payable On Real Estate | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness, Valuation Technique us-gaap:ValuationTechniqueDiscountedCashFlowMember us-gaap:ValuationTechniqueDiscountedCashFlowMember
Loan Payable On Real Estate | Carrying Amount    
Fair Value Measurement Inputs Disclosure [Line Items]    
Loans payable on real estate $ 40,818 $ 61,922
Loan Payable On Real Estate | Estimated Fair Value | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Loans payable on real estate $ 40,674 $ 64,377
[1] During the six months ended June 30, 2018, there were no transfers between Level 1 and Level 2, and there were no transfers into and/or out of Level 3.
[2] During the year ended December 31, 2017, there were no transfers between Level 1 and Level 2, and there were no transfers into and/or out of Level 3.