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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Investment in mortgage loans, held for investment:    
Commercial mortgage loans, mezzanine loans, and preferred equity interests $ 438,244 $ 502,397
Allowance for loan losses (20,727) (22,336)
Investments in real estate, net of accumulated depreciation 106,996 107,824
Investments in real estate, held for sale 7,448 4,918
Cash and cash equivalents 39,139 42,453
Restricted cash 65,000 63,067
Accrued interest receivable 17,399 18,044
Other assets 13,608 10,807
Intangible assets, net of accumulated amortization of $5,876 and $5,703, respectively 1,544 1,717
Total assets 673,782 733,764
Liabilities and Shareholders' Equity    
Indebtedness, net of unamortized discounts, premiums and deferred financing costs of $16,033 and $16,643 respectively (including $390,675 and $440,776 held by consolidated VIEs, respectively) 575,263 625,916
Accrued interest payable 2,352 2,401
Accounts payable and accrued expenses 2,671 3,330
Borrowers' escrows 26,074 31,343
Other liabilities 4,479 2,268
Total liabilities 610,839 665,258
Common shares, $1.50 par value per share, 200,000,000 shares authorized 1,849,530 and 1,850,451 issued and outstanding, respectively, including 4,997 and 6,844 unvested restricted common share awards, respectively 2,774 2,776
Additional paid in capital 2,102,363 2,102,274
Accumulated other comprehensive income (loss) 12,053 11,473
Retained earnings (deficit) (2,054,347) (2,048,117)
Total shareholders' equity 62,943 68,506
Total liabilities and shareholders' equity 673,782 733,764
Held For Investment    
Investment in mortgage loans, held for investment:    
Investment in mortgage loans 417,517 480,061
Held For Sale    
Investment in mortgage loans, held for investment:    
Investment in mortgage loans 5,131 4,873
7.75% Series A Cumulative Redeemable Preferred Stock    
Liabilities and Shareholders' Equity    
Preferred shares, $0.01 par value per share 57 57
Total shareholders' equity 57 57
8.375% Series B Cumulative Redeemable Preferred Stock    
Liabilities and Shareholders' Equity    
Preferred shares, $0.01 par value per share 25 25
Total shareholders' equity 25 25
8.875% Series C Cumulative Redeemable Preferred Stock    
Liabilities and Shareholders' Equity    
Preferred shares, $0.01 par value per share 18 18
Total shareholders' equity $ 18 $ 18