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Debt Obligations, net (Narrative) (Details) (USD $)
1 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 12 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended
Apr. 30, 2012
LeaseAssets
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Mar. 31, 2012
2012 Secured Credit Facilities
tranches
Mar. 31, 2012
Secured 2012 Tranche A-1 Facility Due 2016
Jun. 30, 2012
Secured 2012 Tranche A-1 Facility Due 2016
Jun. 30, 2012
Secured 2012 Tranche A-1 Facility Due 2016
Dec. 31, 2011
Secured 2012 Tranche A-1 Facility Due 2016
Jun. 30, 2012
Secured 2012 Tranche A-2 Facility Due 2017
Dec. 31, 2011
Secured 2012 Tranche A-2 Facility Due 2017
Jun. 30, 2012
Unsecured Notes LIBOR plus 0.50% senior convertible notes
Jun. 30, 2012
Unsecured Notes LIBOR plus 0.50% senior convertible notes
Dec. 31, 2011
Unsecured Notes LIBOR plus 0.50% senior convertible notes
Jun. 30, 2012
Unsecured Line of credit due June 2012
Jun. 30, 2012
Unsecured Line of credit due June 2012
Dec. 31, 2011
Unsecured Line of credit due June 2012
Mar. 31, 2011
Secured 2011 Tranche A-2 Facility Due 2014
Jun. 30, 2012
Secured 2011 Tranche A-2 Facility Due 2014
Dec. 31, 2011
Secured 2011 Tranche A-2 Facility Due 2014
Mar. 31, 2011
2011 Secured Credit Facilities
tranches
Mar. 31, 2011
Secured 2011 Tranche A-1 Facility Due 2013
Jun. 30, 2012
Secured 2011 Tranche A-1 Facility Due 2013
Jun. 30, 2012
Secured 2011 Tranche A-1 Facility Due 2013
Dec. 31, 2011
Secured 2011 Tranche A-1 Facility Due 2013
Apr. 30, 2012
Secured Term Loan LIBOR plus 4.50% due 2014
Jun. 30, 2012
Secured Term Loan LIBOR plus 4.50% due 2014
Jun. 30, 2012
Unsecured Credit Facilities
Jan. 31, 2011
Secured Notes 10.0% senior notes due 2014
Jan. 02, 2011
Secured Notes 10.0% senior notes due 2014
May 31, 2012
Unsecured Notes 9.0% senior notes
Jun. 30, 2012
Unsecured Notes 9.0% senior notes
Dec. 31, 2011
Unsecured Notes 9.0% senior notes
Jun. 30, 2012
Senior unsecured notes with various maturities ranging from March 2012 to October 2014
Jun. 30, 2012
Senior unsecured notes with various maturities ranging from March 2012 to October 2014
Jun. 30, 2012
Unsecured Notes 5.50% senior notes
Dec. 31, 2011
Unsecured Notes 5.50% senior notes
Jun. 30, 2012
Unsecured Notes 5.15% senior notes
Dec. 31, 2011
Unsecured Notes 5.15% senior notes
Jun. 30, 2012
Secured Credit Facility
Dec. 31, 2011
Secured Credit Facility
Mar. 31, 2011
Minimum
Secured 2012 Tranche A-1 Facility Due 2016
Jun. 30, 2012
Minimum
Secured 2012 Tranche A-2 Facility Due 2017
Mar. 31, 2011
Minimum
Secured 2011 Tranche A-2 Facility Due 2014
Mar. 31, 2011
Minimum
Secured 2011 Tranche A-1 Facility Due 2013
Jun. 30, 2012
Real Estate Held for Investment (REHI)
Dec. 31, 2011
Real Estate Held for Investment (REHI)
Jun. 30, 2012
Other Real Estate Owned (OREO)
Dec. 31, 2011
Other Real Estate Owned (OREO)
Dec. 31, 2011
Maturing on or before June 2012
Secured 2011 Tranche A-1 Facility Due 2013
Jun. 30, 2012
Maturing on or before December 31, 2012
Secured 2012 Tranche A-1 Facility Due 2016
Dec. 31, 2011
Maturing on or before December 31, 2012
Secured 2011 Tranche A-1 Facility Due 2013
Jun. 30, 2012
Maturing on or before June 2013
Secured 2012 Tranche A-1 Facility Due 2016
Dec. 31, 2011
Maturing on or before June 2013
Secured 2011 Tranche A-1 Facility Due 2013
Debt Instrument [Line Items]                                                                                                                
Variable interest rate, basis                   LIBOR [1]   LIBOR [1]     LIBOR [2]     LIBOR     LIBOR [3]         LIBOR [3]     LIBOR LIBOR                                                    
Variable interest rate, spread (as a percent)                 4.00% [1] 4.00% [1]   5.75% [1]   0.50% [2] 0.50% [2]   0.85% 0.85%     5.75% [3]       3.75% [3] 3.75% [3]     4.50% 0.85%                           1.25% 1.25% 1.25% 1.25%                  
Number of tranches             2                               2                                                                  
Borrowings on debt instrument             $ 880,000,000 $ 410,000,000       $ 470,000,000               $ 1,450,000,000     $ 2,950,000,000 $ 1,500,000,000                                                                
Percentage of par credit facilities were issued at                 98.00% 98.00%   98.50%               98.50%       99.00%                                                                
Repayment of principal amount                   81,400,000       315,600,000     244,000,000 243,700,000               853,900,000   50,800,000                   90,300,000   169,700,000                                
Minimum aggregate cumulative amortization payment                 41,000,000 41,000,000                             646,100,000 646,100,000 200,000,000                                                 450,000,000 41,000,000 750,000,000 600,000 1,500,000,000
Periods following the initial payment of amortization that additional amortization payments are due                                           6 months                                                                    
Maximum commencement period of amortization after repayment of the Tranche A-1 Facility       6 months                                                                                                        
Amortization payment due on or before each six month anniversary after the repayment of the Tranche A-1 facility       150,000,000                                   150,000,000                                                                    
Gain (loss) on early extinguishment of debt, net   (4,868,000) (1,047,000) (3,164,000) 105,556,000       (3,100,000) (3,100,000)                             (2,100,000) (3,100,000)       (200,000) 109,000,000         300,000 3,200,000                                      
Number of net lease assets sold (in lease assets) 12                                                                                                              
Amount of debt extinguished                                                             312,300,000           411,900,000                                      
Stated interest rate (as a percent)                                                               10.00%   9.00%       5.50%   5.15%                                
Carrying Value   5,661,964,000 [4]   5,661,964,000 [4]   5,874,183,000     328,605,000 328,605,000 0 470,000,000 0 469,166,000 [2] 469,166,000 [2] 784,750,000 [2] 0 0 243,650,000   1,450,000,000 1,450,000,000     646,068,000 646,068,000 961,580,000             275,000,000 0     0 92,845,000 0 263,466,000 3,133,098,000 2,704,772,000                          
Effective interest rate (as a percent)                 5.25% 5.25%   7.00%   5.50% 5.50%           7.00%       5.00% 5.00%                           5.15%                                
Percentage of issue price to principal amount                                                                 98.012%                                              
Loans and other lending investments encumbered assets   1,723,459,000 [5]   1,723,459,000 [5]   1,780,591,000 [5]                                                                                                    
Loans and other lending investments unencumbered assets   634,151,000 [5]   634,151,000 [5]   1,153,671,000 [5]                                                                                                    
Encumbered property subject to or available for operating lease, net   1,272,528,000   1,272,528,000   1,173,982,000                                                                                                    
Unencumbered property subject to or available for operating lease net   277,585,000   277,585,000   528,782,000                                                                                                    
Rehi and oreo assets pledged as collateral                                                                                               425,514,000 359,597,000 417,011,000 177,092,000          
Rehi and oreo assets not pledged as collateral                                                                                               824,167,000 868,537,000 305,156,000 500,366,000          
Other encumbered investments   69,740,000   69,740,000   37,957,000                                                                                                    
Other unencumbered investments   357,761,000   357,761,000   419,878,000                                                                                                    
Cash and other assets pledged as collateral   0   0   0                                                                                                    
Cash and other assets not pledged as collateral   935,940,000   935,940,000   590,884,000                                                                                                    
Total encumbered assets   3,908,252,000   3,908,252,000   3,529,219,000                                                                                                    
Total unencumbered assets   3,334,760,000   3,334,760,000   4,062,118,000                                                                                                    
Reserve for loan losses   $ 56,800,000 [6]   $ 56,800,000 [6]   $ 73,500,000 [6]                                                                                                    
Minimum ratio of unencumbered assets to unsecured indebtedness                                                           1.2                                                    
Multiple of the minimum collateral coverage on outstanding borrowings                                                                                   1.25                            
Percentage of REIT taxable income permitted for distribution under debt covenants                                                                                   100.00%                            
[1] These loans each have a LIBOR floor of 1.25%. As of June 30, 2012, inclusive of the floors, the 2012 Tranche A-1 Facility and 2012 Tranche A-2 Facility loans incurred interest at a rate of 5.25% and 7.00% respectively.
[2] The Company's convertible senior floating rate notes due October 2012 ("Convertible Notes") are convertible at the option of the holders into 22.2 shares per $1,000 principal amount of Convertible Notes (reflecting a conversion price of $45.05), on or after August 15, 2012, or prior to that date if certain conditions are met. None of the conversion conditions have been met as of June 30, 2012. As of June 30, 2012, the unamortized discount on these notes was $2.5 million, the net carrying amount of the liability was $466.7 million and the carrying value of the additional paid-in-capital, or equity component of the convertible notes was $34.7 million. For the three and six months ended June 30, 2012, the Company recognized interest expense on the convertible notes of $3.1 million and $8.3 million, respectively, of which $1.8 million and $4.8 million, respectively, related to the amortization of the debt discount. For the three and six months ended June 30, 2011, the Company recognized interest expense on the convertible notes of $4.5 million and $8.9 million respectively, of which $2.9 million and $5.7 million, respectively, related to the amortization of the debt discount.
[3] These loans each have a LIBOR floor of 1.25%. As of June 30, 2012, inclusive of the floors, the 2011 Tranche A-1 Facility and 2011 Tranche A-2 Facility loans incurred interest at a rate of 5.00% and 7.00%, respectively.
[4] All of the Company's non-accrual loans are considered impaired and included in the table above. In addition, as of June 30, 2012 and December 31, 2011, certain loans modified through troubled debt restructurings with a recorded investment of $205.5 million and $255.3 million, respectively, are also included as impaired loans in accordance with GAAP although they are performing and on accrual status.
[5] As of June 30, 2012 and December 31, 2011, the amounts presented exclude general reserves for loan losses of $56.8 million and $73.5 million, respectively.
[6] The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs aggregating to a net discount of $2.1 million and $0.2 million as of June 30, 2012 and December 31, 2011, respectively.