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Commercial Loans Held-for-Investment (Tables)
3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
Schedule of Commercial Loans Held-for-Investment
The following table summarizes purchased or originated commercial mezzanine loans held-for-investment as of March 31, 2018 and December 31, 2017.
$ in thousands
Number of
loans
 
Principal
Balance
 
Unamortized (fees)/
costs, net
 
Carrying
value
 
Weighted Average Coupon
 
Weighted Average Years to Maturity (1)
March 31, 2018
7

 
184,311

 
(56
)
 
184,255

 
8.72
%
 
1.1
December 31, 2017
8

 
191,894

 
(86
)
 
191,808

 
8.52
%
 
1.2

(1)
Weighted average years to maturity is based on the contractual maturity date. Certain loans may contain either an option to prepay or an option to extend beyond their contractual maturity dates as specified in the respective loan agreements.