XML 61 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
MORTGAGE LOAN RECEIVABLES - Additional Information (Details)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 29, 2017
USD ($)
loan
Jun. 30, 2018
USD ($)
loan
Mar. 31, 2018
USD ($)
Jun. 30, 2017
USD ($)
Jun. 30, 2018
USD ($)
loan
Jun. 30, 2017
USD ($)
Dec. 31, 2017
USD ($)
loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Proceeds from sales of mortgage loan receivables $ 625,700,000            
Outstanding face amount   $ 3,896,886,000     $ 3,896,886,000   $ 3,533,236,000
Risk retention requirement, amount $ 12,900,000            
Risk retention requirement, percentage 2.00%            
Sold, horizontal interest percentage 3.00%            
Controlling classes, percentage 98.00%            
Period of risk retention requirement to be held (at least) 5 years            
Purchase, not recognized for accounting purposes $ 62,700,000            
Gain on sale 26,100,000            
Liability for transfers not considered sales $ 78,800,000            
Unamortized discounts included in mortgage loan receivables held for investment, at amortized cost   $ 25,300     $ 25,300   $ 200,000
Number of mortgage loans impaired | loan   0     0   0
Provision for loan losses   $ 300,000   $ 0 $ 3,300,000 $ 0  
Provision for loss resulting from on-going bankruptcy proceedings     $ 2,700,000        
First mortgage loans              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Number of loans | loan 34            
Outstanding face amount $ 548,936,189 3,630,000,000     3,630,000,000   $ 3,140,788,000
Carrying value $ 547,700,000            
Intercompany loans held-for-investment              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Number of loans | loan 23            
Outstanding face amount $ 76,717,000            
Mortgage loan receivables held for investment, net, at amortized cost              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Outstanding face amount   3,788,546,000     3,788,546,000   3,300,709,000
Carrying value   3,764,172,000     3,764,172,000   3,282,462,000
Loans receivable with fixed rates of interest   $ 781,200,000     $ 781,200,000   $ 723,700,000
Percentage of loans receivable with fixed rates of interest   20.80%     20.80%   22.00%
Loans receivable with variable rates of interest   $ 3,000,000,000     $ 3,000,000,000   $ 2,600,000,000
Loans receivable with variable rates of interest, percentage   79.20%     79.20%   78.00%
Number or loans in default | loan         2    
Reserve based on targeted percentage level in portfolio   $ 600,000     $ 600,000    
Loans in default, carrying value   26,900,000     26,900,000    
Mortgage loan receivables held for sale              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Outstanding face amount   108,340,000     108,340,000   $ 232,527,000
Loans receivable with fixed rates of interest   $ 107,700,000     $ 107,700,000   $ 230,200,000
Percentage of loans receivable with fixed rates of interest   100.00%     100.00%   100.00%
Loan on non-accrual status              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Loans nonaccrual status, amount             $ 0
Minimum              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Direct capitalization rate     4.70%   4.70%   4.35%
Maximum              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Direct capitalization rate     5.00%   5.00%   4.65%