XML 121 R115.htm IDEA: XBRL DOCUMENT v3.3.0.814
VARIABLE INTEREST ENTITIES RELATED PARTY TRANSACTIONS (Details) RSO
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Aug. 18, 2015
USD ($)
Jun. 24, 2015
USD ($)
Feb. 24, 2015
USD ($)
Jul. 30, 2014
USD ($)
Nov. 07, 2013
USD ($)
shares
Jan. 11, 2013
Feb. 15, 2012
Sep. 03, 2011
Feb. 24, 2011
USD ($)
Mar. 05, 2010
USD ($)
Oct. 31, 2015
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2013
USD ($)
May. 31, 2013
Oct. 31, 2012
Sep. 30, 2015
USD ($)
Entity
Sep. 30, 2014
USD ($)
Jul. 31, 2013
USD ($)
Sep. 30, 2015
USD ($)
Entity
Sep. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Mar. 05, 2011
Apr. 30, 2015
USD ($)
Nov. 16, 2011
USD ($)
Related Party Transaction [Line Items]                                                
Other Commitment                               $ 183,000     $ 183,000          
Lease Equity Appreciation Fund II [Member]                                                
Related Party Transaction [Line Items]                                                
Origination fee with establishment of line of credit facility (in hundredths)                   1.00%                            
RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Provision (recovery) for loan losses                                     (43,834,000)   $ (1,804,000)      
Income (loss) and interest expense from equity method investments                               (276,000) $ 286,000   (103,000) $ 3,288,000        
Investments in unconsolidated entities                               $ 55,858,000     $ 55,858,000   59,827,000   $ 750,000  
Number of Collateralized Loan Obligation Issuers | Entity                               5     5          
Preferred equity acquired                             66.60%                  
Management Fees Related Party                               $ 3,252,000 3,606,000   $ 10,312,000 10,000,000        
Placement Agent Fee       $ 175,000                 $ 205,000                      
RSO [Member] | Lease Equity Appreciation Fund II [Member]                                                
Related Party Transaction [Line Items]                                                
Revolving credit facility, maximum borrowing capacity                   $ 8,000,000.0                            
Line of credit facility, term (in years)                                           1 year    
Line of credit facility, interest rate during period (in hundredths)             12.00%                       10.00%          
Line of credit facility, extension fee percentage (in hundredths)           1.00% 1.00% 1.00%                                
Direct financing leases                               1,135,000     $ 1,135,000   2,109,000      
RSO [Member] | Churchill Pacific Asset Management LLC [Member]                                                
Related Party Transaction [Line Items]                                                
Ownership percentage                 100.00%                              
Purchase price of acquired entity paid by acquiring entity                 $ 22,500,000                              
Assets under management, carrying amount                               $ 1,900,000,000     $ 1,900,000,000          
RSO [Member] | CVC Credit Partners [Member]                                                
Related Party Transaction [Line Items]                                                
Investment management fee, percentage                               1.50%     1.50%          
RSO [Member] | Ledgewood [Member]                                                
Related Party Transaction [Line Items]                                                
Legal fees                               $ 13,000 45,000   $ 348,000 202,000        
Resource America [Member] | CVC Capital Partners [Member]                                                
Related Party Transaction [Line Items]                                                
Ownership percentage                               24.00%     24.00%          
Apidos Capital Management LLC [Member] | CVC Capital Partners [Member]                                                
Related Party Transaction [Line Items]                                                
Percentage of subordinated fees the company is entitled to collect                               10.00%     10.00%          
Percentage of incentive fees the company is entitled to collect                               50.00%     50.00%          
Subordinated Fees                               $ 173,000 309,000   $ 631,000 1,000,000        
Interest in LCC [Member] | RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Income (loss) and interest expense from equity method investments                               961,000 13,000   1,362,000 (859,000)        
Investments in unconsolidated entities                                         39,416,000     $ 36,300,000
Investment in CVC Global Opps Fund [Member] | RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Income (loss) and interest expense from equity method investments                               (628,000) 47,000   293,000 2,004,000        
Proceeds from Divestiture of Businesses and Interests in Affiliates                       $ 5,000,000                        
Investments in unconsolidated entities                               $ 12,877,000     $ 12,877,000   18,209,000      
Ownership percentage                               14.10%     14.10%          
RRE VIP Borrower, LLC [Member] | RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Income (loss) and interest expense from equity method investments                               $ 0 770,000   $ 46,000 2,506,000        
Investments in unconsolidated entities                               0     0   0      
Varde Investment Partners, LP [Member] | RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Income (loss) and interest expense from equity method investments                               0 $ 0   0 $ (19,000)        
Investments in unconsolidated entities                               $ 654,000     $ 654,000   654,000      
Ownership percentage                               7.50%     7.50%          
Pearlmark Mezzanine Realty Partners IV, L.P. [Member] | RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Other Commitment   $ 50,000,000                                            
Management Fee, Committed Capital, Percent Fee   1.00%                                            
Management Fee, Invested Capital, Percent Fee   1.50%                                            
Rebate, Percentage   25.00%                                            
Investment Management Fees Payable                               $ 50,000     $ 50,000          
Pearlmark Mezzanine Realty Partners IV, L.P. [Member] | RSO [Member] | Resource America [Member]                                                
Related Party Transaction [Line Items]                                                
Ownership percentage in VIE   50.00%                                            
Whitney CLO I, Ltd. [Member] | RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Ownership percentage in VIE                           68.30%                    
Variable Interest Entity, Not Primary Beneficiary [Member] | Investment in CVC Global Opps Fund [Member] | RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Payments to Acquire Equity Method Investments                                   $ 15,000,000            
Loans Receivable - Related Party [Member] | RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Provision (recovery) for loan losses                                     216,000   (1,297,000)      
Loans Receivable - Related Party [Member] | RSO [Member] | Lease Equity Appreciation Fund II [Member]                                                
Related Party Transaction [Line Items]                                                
Provision (recovery) for loan losses                               $ 0     $ 216,000   $ (1,297,000)      
Elevation Home Loans, LLC [Member] | RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned         $ 830,000                                      
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares         136,659                                      
Subsequent Event [Member] | Investment in CVC Global Opps Fund [Member] | RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Proceeds from Divestiture of Businesses and Interests in Affiliates                     $ 4,000,000                          
RCC CRE Notes 2013 [Member] | RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Closing transaction amount                         $ 307,800,000                      
Special Servicing Fee Rate                         0.25%                      
RCC CRE Notes 2014 [Member] | RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Closing transaction amount       $ 353,900,000                                        
RCC CRE Notes 2015 [Member] | RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Closing transaction amount     $ 346,200,000                                          
Placement Agent Fee     $ 100,000                                          
Resource Capital Corp. 2015-CRE4, Ltd. [Member] | RSO [Member]                                                
Related Party Transaction [Line Items]                                                
Closing transaction amount $ 312,900,000                                              
Placement Agent Fee $ 85,000