RELATED PARTY TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2013

RELATED PARTY TRANSACTIONS

Summary of related-party costs incurred by the Company and amounts payable to the Manager

	Incurred				Payable as of
$ in thousands	March 31, 2013		March 31, 2012		March 31, 2013		December 31, 2012
Affiliate Payments
Management fees	$	614	$	-	$	614	$	621
Servicing fees	-		11		-		-
General and administrative expenses	746		-		746		668
Direct third party costs	82		1		82		31
	$	1,442	$	12	$	1,442	$	1,320