Consolidated Statement of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended	10 Months Ended
	Mar. 31, 2013	Mar. 31, 2013
Operating activities: [Abstract]
Net loss	$ (984)	$ (1,073)
Adjustments to reconcile net loss to net cash used in operating activities: [Abstract]
Net unrealized gains on mortgage loans at fair value	(1,128)	(1,128)
Net realized gains on mortgage loans at fair value	(387)	(387)
Amortization of deferred financing costs	30	30
Changes in operating assets and liabilities: [Abstract]
Related party receivables	231	231
Prepaid expenses and other assets	(186)	(186)
Accounts payable and accrued liabilities	475	521
Related party payables	585	628
Net cash used in operating activities	(1,364)	(1,364)
Investing activities: [Abstract]
Investment in mortgage loans	(88,257)	(88,257)
Investment in real estate	(278)	(278)
Mortgage loan repayments	88	88
Net cash used in investing activities	(88,447)	(88,447)
Financing activities: [Abstract]
Capital contribution from Altisource	0	100,000
Proceeds from repurchase agreement	12,926	12,926
Payment of deferred financing costs	(1,100)	(1,100)
Prepayment of equity issuance costs	(73)	(73)
Related party payables	0	5
Net cash provided by financing activities	11,753	111,758
Net decrease in cash and cash equivalents	(78,058)	21,947
Cash and cash equivalents as of beginning of the period	100,005	0
Cash and cash equivalents as of end of the period	21,947	21,947
Supplemental disclosure of non-cash investing and financing activity: [Abstract]
Transfer of mortgage loans to real estate owned	156	156
Changes in accrued liabilities from equity issuance costs	370	370
Changes in related party receivables from mortgage loan dispositions and repayments	$ 1,858	$ 1,858