$ladr 2015 Q4 10-K

Concept	2015 Q4	2015 Q3	2015 Q2
Revenue	$62.90M	$63.01M	$59.24M
YoY Change	10.49%	30.03%	31.32%
Cost Of Revenue	$29.50M	$29.50M	$27.50M
YoY Change	13.03%	48.24%	63.69%
Gross Profit	$105.8M	$41.10M	$118.0M
YoY Change	69.01%	-54.08%	42.34%
Gross Profit Margin	168.2%	65.22%	199.19%
Selling, General & Admin	$23.50M	$27.30M	$27.00M
YoY Change	-9.62%	-6.51%	-21.97%
% of Gross Profit	22.21%	66.42%	22.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$9.900M	$9.561M	$9.954M
YoY Change	39.44%	40.01%	41.84%
% of Gross Profit	9.36%	23.26%	8.44%
Operating Expenses	$38.00M	$4.951M	$6.734M
YoY Change	-16.85%	-20.02%	83.79%
Operating Profit	$67.80M	$36.15M	$111.3M
YoY Change	301.18%	-56.61%	40.42%
Interest Expense	-$200.0K	$29.54M	$27.49M
YoY Change	-166.67%	48.21%	64.09%
% of Operating Profit	-0.29%	81.7%	24.7%
Other Income/Expense, Net		$7.549M	$86.45M
YoY Change
Pretax Income	$67.13M	-$1.383M	$73.87M
YoY Change	360.16%	-102.91%	92.17%
Income Tax	$10.46M	-$4.181M	$5.177M
% Of Pretax Income	15.58%		7.01%
Net Earnings	$27.10M	$2.798M	$68.70M
YoY Change	515.91%	-92.47%	127.16%
Net Earnings / Revenue	43.08%	4.44%	115.97%
Basic Earnings Per Share	$0.51	$0.06	$0.68
Diluted Earnings Per Share	$0.50	$0.06	$0.67
COMMON SHARES
Basic Shares Outstanding		52.92M shares	50.34M shares
Diluted Shares Outstanding		53.35M shares	50.93M shares

Concept	2015 Q4	2015 Q3	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$109.0M	$181.5M	$102.9M
YoY Change	43.04%	106.72%	21.06%
Cash & Equivalents	$109.0M	$181.5M	$102.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$131.8M	$203.7M	$123.5M
YoY Change	30.62%	87.05%	-9.79%
LONG-TERM ASSETS
Property, Plant & Equipment	$834.8M	$791.6M	$797.3M
YoY Change	8.56%	21.3%	47.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$33.80M	$33.79M	$2.992M
YoY Change	459.46%	469.07%	-48.74%
Other Assets		$49.00M	$49.00M
YoY Change			157.89%
Total Long-Term Assets	$5.763B	$5.626B	$5.595B
YoY Change	0.88%	23.25%	51.74%
TOTAL ASSETS
Total Short-Term Assets	$131.8M	$203.7M	$123.5M
Total Long-Term Assets	$5.763B	$5.626B	$5.595B
Total Assets	$5.895B	$5.830B	$5.719B
YoY Change	1.39%	24.74%	49.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.900M	$2.200M	$1.300M
YoY Change	111.11%	214.29%
Accrued Expenses	$78.10M	$57.80M	$60.00M
YoY Change	-15.11%	-22.0%	-16.67%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$97.50M	$61.40M	$62.20M
YoY Change	4.95%	-17.91%	-13.61%
LONG-TERM LIABILITIES
Long-Term Debt	$4.275B	$4.216B	$4.089B
YoY Change	2.19%	37.05%	83.49%
Other Long-Term Liabilities	$31.60M	$54.00M	$57.20M
YoY Change	-4.82%	44.0%	0.88%
Total Long-Term Liabilities	$4.306B	$4.270B	$4.146B
YoY Change	2.14%	37.13%	81.44%
TOTAL LIABILITIES
Total Short-Term Liabilities	$97.50M	$61.40M	$62.20M
Total Long-Term Liabilities	$4.306B	$4.270B	$4.146B
Total Liabilities	$4.404B	$4.331B	$4.208B
YoY Change	2.2%	35.84%	78.54%
SHAREHOLDERS EQUITY
Retained Earnings	$60.62M	$49.57M	$61.42M
YoY Change	37.19%	24.51%	144.13%
Common Stock	$776.9M	$766.5M	$739.2M
YoY Change	7.07%	4.23%	2.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$5.812M
YoY Change
Treasury Stock Shares	548.9K shares
Shareholders Equity	$828.2M	$830.6M	$806.1M
YoY Change
Total Liabilities & Shareholders Equity	$5.895B	$5.830B	$5.719B
YoY Change	1.39%	24.74%	49.54%

Concept	2015 Q4	2015 Q3	2015 Q2
OPERATING ACTIVITIES
Net Income	$27.10M	$2.798M	$68.70M
YoY Change	515.91%	-92.47%	127.16%
Depreciation, Depletion And Amortization	$9.900M	$9.561M	$9.954M
YoY Change	39.44%	40.01%	41.84%
Cash From Operating Activities	-$165.7M	$206.2M	-$168.8M
YoY Change	4.87%	-414.33%	-222.94%
INVESTING ACTIVITIES
Capital Expenditures	-$30.70M	-$26.60M	-$36.90M
YoY Change	-75.92%	-79.06%
Acquisitions
YoY Change
Other Investing Activities	$41.00M	-$204.2M	$400.2M
YoY Change	-104.9%	-68.29%	-195.13%
Cash From Investing Activities	$10.30M	-$230.8M	$363.3M
YoY Change	-101.07%	-70.06%	-186.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	82.90M	103.2M	-175.0M
YoY Change	-92.54%	-87.71%	-169.17%
NET CHANGE
Cash From Operating Activities	-165.7M	206.2M	-168.8M
Cash From Investing Activities	10.30M	-230.8M	363.3M
Cash From Financing Activities	82.90M	103.2M	-175.0M
Net Change In Cash	-72.50M	78.60M	19.50M
YoY Change	525.0%	2707.14%	-164.14%
FREE CASH FLOW
Cash From Operating Activities	-$165.7M	$206.2M	-$168.8M
Capital Expenditures	-$30.70M	-$26.60M	-$36.90M
Free Cash Flow	-$135.0M	$232.8M	-$131.9M
YoY Change	342.62%	279.15%	-196.07%

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2016	dei	Document Type DocumentType	10-K
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CY2015	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable	70745000	USD
CY2014	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable	66437000	USD
CY2016	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.08
CY2015	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.43
CY2014	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.90
CY2016	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.06
CY2015	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.42
CY2014	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.86
CY2016	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	61998089	shares
CY2015	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	51702188	shares
CY2014	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49296417	shares
CY2016	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	107638788	shares
CY2015	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	51870808	shares
CY2014	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	97583310	shares
CY2016	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	113720000	USD
CY2015	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	146134000	USD
CY2014	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	97626000	USD
CY2016	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	20947000	USD
CY2015	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-11403000	USD
CY2014	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	43179000	USD
CY2016	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	12428000	USD
CY2015	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	25142000	USD
CY2014	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	25163000	USD
CY2016	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	8519000	USD
CY2015	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-36545000	USD
CY2014	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	18016000	USD
CY2016	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	122239000	USD
CY2015	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	109589000	USD
CY2014	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	115642000	USD
CY2016	us-gaap	Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable	-138000	USD
CY2015	us-gaap	Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable	1568000	USD
CY2014	us-gaap	Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable	-370000	USD
CY2016	ladr	Comprehensive Income Net Of Tax Including Noncontrolling Interest In Operating Partnership ComprehensiveIncomeNetOfTaxIncludingNoncontrollingInterestInOperatingPartnership	122377000	USD
CY2015	ladr	Comprehensive Income Net Of Tax Including Noncontrolling Interest In Operating Partnership ComprehensiveIncomeNetOfTaxIncludingNoncontrollingInterestInOperatingPartnership	108021000	USD
CY2014	ladr	Comprehensive Income Net Of Tax Including Noncontrolling Interest In Operating Partnership ComprehensiveIncomeNetOfTaxIncludingNoncontrollingInterestInOperatingPartnership	116012000	USD
CY2016	ladr	Comprehensive Income Net Of Tax Predecessor ComprehensiveIncomeNetOfTaxPredecessor	0	USD
CY2015	ladr	Comprehensive Income Net Of Tax Predecessor ComprehensiveIncomeNetOfTaxPredecessor	0	USD
CY2014	ladr	Comprehensive Income Net Of Tax Predecessor ComprehensiveIncomeNetOfTaxPredecessor	-4380000	USD
CY2016	ladr	Noncontrolling Interest In Comprehensive Income Loss Operating Partnerships Nonredeemable NoncontrollingInterestInComprehensiveIncomeLossOperatingPartnershipsNonredeemable	52230000	USD
CY2015	ladr	Noncontrolling Interest In Comprehensive Income Loss Operating Partnerships Nonredeemable NoncontrollingInterestInComprehensiveIncomeLossOperatingPartnershipsNonredeemable	54247000	USD
CY2014	ladr	Noncontrolling Interest In Comprehensive Income Loss Operating Partnerships Nonredeemable NoncontrollingInterestInComprehensiveIncomeLossOperatingPartnershipsNonredeemable	66957000	USD
CY2016	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	500000	USD
CY2015	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	5800000	USD
CY2014	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	0	USD
CY2016	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax	-500000	USD
CY2015	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax	-5800000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1505207000	USD
CY2015	us-gaap	Partners Capital Account Contributions PartnersCapitalAccountContributions	74000	USD
CY2014	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax	0	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1491408000	USD
CY2016	us-gaap	Partners Capital Account Contributions PartnersCapitalAccountContributions	250000	USD
CY2016	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	40562000	USD
CY2016	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	17640000	USD
CY2016	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	0	USD
CY2016	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	4652000	USD
CY2016	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	786000	USD
CY2016	us-gaap	Stock Issued During Period Value Share Based Compensation Forfeited StockIssuedDuringPeriodValueShareBasedCompensationForfeited	0	USD
CY2016	us-gaap	Dividends Dividends	74393000	USD
CY2016	us-gaap	Stock Issued During Period Value Stock Dividend StockIssuedDuringPeriodValueStockDividend	0	USD
CY2016	ladr	Stock Issued During Period Value Exchange Of Noncontrolling Interest StockIssuedDuringPeriodValueExchangeOfNoncontrollingInterest	0	USD
CY2016	ladr	Adjustmentsto Additional Paidin Capital Adjustmentto Tax Receivable Agreementas Resultof Exchangeof Class B Shares AdjustmentstoAdditionalPaidinCapitalAdjustmenttoTaxReceivableAgreementasResultofExchangeofClassBShares	-1590000	USD
CY2016	us-gaap	Profit Loss ProfitLoss	113720000	USD
CY2016	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	8519000	USD
CY2016	ladr	Adjustments To Additional Paid In Capital Rebalancing Of Ownership Percentage Between Entity And Operating Partnership Value AdjustmentsToAdditionalPaidInCapitalRebalancingOfOwnershipPercentageBetweenEntityAndOperatingPartnershipValue	0	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1509554000	USD
CY2015	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	72603000	USD
CY2015	ladr	Stockholders Equity Changein Par Value StockholdersEquityChangeinParValue	0	USD
CY2015	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	13788000	USD
CY2015	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	0	USD
CY2015	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	994000	USD
CY2015	us-gaap	Stock Issued During Period Value Treasury Stock Reissued StockIssuedDuringPeriodValueTreasuryStockReissued	0	USD
CY2015	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	4897000	USD
CY2014	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits	0	USD
CY2014	ladr	Stock Issued During Period Value Exchange Of Noncontrolling Interest StockIssuedDuringPeriodValueExchangeOfNoncontrollingInterest	0	USD
CY2014	ladr	Stock Issued During Period Value Exchangeof Capital StockIssuedDuringPeriodValueExchangeofCapital	0	USD
CY2014	ladr	Stock Issued During Period Value Exchangeof Predecessor Lp Units StockIssuedDuringPeriodValueExchangeofPredecessorLPUnits	0	USD
CY2015	us-gaap	Stock Issued During Period Value Share Based Compensation Forfeited StockIssuedDuringPeriodValueShareBasedCompensationForfeited	0	USD
CY2015	us-gaap	Dividends Dividends	57390000	USD
CY2015	ladr	Stock Issued During Period Value Exchange Of Noncontrolling Interest StockIssuedDuringPeriodValueExchangeOfNoncontrollingInterest	0	USD
CY2015	ladr	Adjustmentsto Additional Paidin Capital Adjustmentto Tax Receivable Agreementas Resultof Exchangeof Class B Shares AdjustmentstoAdditionalPaidinCapitalAdjustmenttoTaxReceivableAgreementasResultofExchangeofClassBShares	-1366000	USD
CY2015	us-gaap	Profit Loss ProfitLoss	146134000	USD
CY2015	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-36545000	USD
CY2015	ladr	Adjustments To Additional Paid In Capital Rebalancing Of Ownership Percentage Between Entity And Operating Partnership Value AdjustmentsToAdditionalPaidInCapitalRebalancingOfOwnershipPercentageBetweenEntityAndOperatingPartnershipValue	0	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1491408000	USD
CY2013Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1185234000	USD
CY2014	us-gaap	Partners Capital Account Contributions PartnersCapitalAccountContributions	1841000	USD
CY2014	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	50502000	USD
CY2014	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	14451000	USD
CY2014	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	259037000	USD
CY2014	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	125000	USD
CY2014	us-gaap	Stock Issued During Period Value Share Based Compensation Forfeited StockIssuedDuringPeriodValueShareBasedCompensationForfeited	0	USD
CY2014	us-gaap	Adjustments To Additional Paid In Capital Stock Issued Issuance Costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts	20523000	USD
CY2014	ladr	Adjustmentsto Additional Paidin Capital Adjustmentto Tax Receivable Agreementas Resultof Exchangeof Class B Shares AdjustmentstoAdditionalPaidinCapitalAdjustmenttoTaxReceivableAgreementasResultofExchangeofClassBShares	152000	USD
CY2014	us-gaap	Profit Loss ProfitLoss	97626000	USD
CY2014	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	18016000	USD
CY2014	ladr	Adjustments To Additional Paid In Capital Rebalancing Of Ownership Percentage Between Entity And Operating Partnership Value AdjustmentsToAdditionalPaidInCapitalRebalancingOfOwnershipPercentageBetweenEntityAndOperatingPartnershipValue	0	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1505207000	USD
CY2016	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	113720000	USD
CY2015	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	146134000	USD
CY2014	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	97626000	USD
CY2016	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	5382000	USD
CY2015	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2014	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-150000	USD
CY2016	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	39447000	USD
CY2015	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	39061000	USD
CY2014	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	28447000	USD
CY2016	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	4224000	USD
CY2015	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	10182000	USD
CY2014	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-14378000	USD
CY2016	us-gaap	Unrealized Gain Loss On Securities UnrealizedGainLossOnSecurities	-56000	USD
CY2015	us-gaap	Unrealized Gain Loss On Securities UnrealizedGainLossOnSecurities	-1249000	USD
CY2014	us-gaap	Unrealized Gain Loss On Securities UnrealizedGainLossOnSecurities	2144000	USD
CY2016	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-14000	USD
CY2015	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	0	USD
CY2014	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	0	USD
CY2016	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	300000	USD
CY2015	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	600000	USD
CY2014	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	600000	USD
CY2016	us-gaap	Share Based Compensation ShareBasedCompensation	17640000	USD
CY2015	us-gaap	Share Based Compensation ShareBasedCompensation	13788000	USD
CY2014	us-gaap	Share Based Compensation ShareBasedCompensation	14451000	USD
CY2016	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	7459000	USD
CY2015	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	5757000	USD
CY2014	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	5802000	USD
CY2016	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	-894000	USD
CY2015	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	-902000	USD
CY2014	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	-629000	USD
CY2016	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	-108000	USD
CY2015	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	-249000	USD
CY2014	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	652000	USD
CY2016	ladr	Accretion Amortizationof Discountsand Premiums Loans AccretionAmortizationofDiscountsandPremiumsLoans	8941000	USD
CY2015	ladr	Accretion Amortizationof Discountsand Premiums Loans AccretionAmortizationofDiscountsandPremiumsLoans	12241000	USD
CY2014	ladr	Accretion Amortizationof Discountsand Premiums Loans AccretionAmortizationofDiscountsandPremiumsLoans	6918000	USD
CY2016	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-76475000	USD
CY2015	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-87906000	USD
CY2014	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-91306000	USD
CY2016	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	26009000	USD
CY2016	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	20636000	USD
CY2015	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	71066000	USD
CY2014	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	145275000	USD
CY2016	ladr	Gain Losson Settlementof Loans Through Foreclosure GainLossonSettlementofLoansThroughForeclosure	0	USD
CY2015	ladr	Gain Losson Settlementof Loans Through Foreclosure GainLossonSettlementofLoansThroughForeclosure	820000	USD
CY2014	ladr	Gain Losson Settlementof Loans Through Foreclosure GainLossonSettlementofLoansThroughForeclosure	0	USD
CY2016	us-gaap	Gain Loss On Sale Of Securities Net GainLossOnSaleOfSecuritiesNet	7724000	USD
CY2015	us-gaap	Gain Loss On Sale Of Securities Net GainLossOnSaleOfSecuritiesNet	24007000	USD
CY2014	us-gaap	Gain Loss On Sale Of Securities Net GainLossOnSaleOfSecuritiesNet	26977000	USD
CY2016	us-gaap	Payments To Purchase Mortgage Loans Held For Sale PaymentsToPurchaseMortgageLoansHeldForSale	73421000	USD
CY2015	us-gaap	Payments To Purchase Mortgage Loans Held For Sale PaymentsToPurchaseMortgageLoansHeldForSale	0	USD
CY2014	us-gaap	Payments To Purchase Mortgage Loans Held For Sale PaymentsToPurchaseMortgageLoansHeldForSale	0	USD
CY2016	us-gaap	Proceeds From Collection Of Mortgage Loans Held For Sale ProceedsFromCollectionOfMortgageLoansHeldForSale	1768000	USD
CY2015	us-gaap	Proceeds From Collection Of Mortgage Loans Held For Sale ProceedsFromCollectionOfMortgageLoansHeldForSale	2308000	USD
CY2014	us-gaap	Proceeds From Collection Of Mortgage Loans Held For Sale ProceedsFromCollectionOfMortgageLoansHeldForSale	1293000	USD
CY2015	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	40386000	USD
CY2014	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	29760000	USD
CY2016	ladr	Gain Loss On Assignment Of Loans Net GainLossOnAssignmentOfLoansNet	0	USD
CY2015	ladr	Gain Loss On Assignment Of Loans Net GainLossOnAssignmentOfLoansNet	0	USD
CY2014	ladr	Gain Loss On Assignment Of Loans Net GainLossOnAssignmentOfLoansNet	432000	USD
CY2016	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-24000	USD
CY2015	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	0	USD
CY2014	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	0	USD
CY2016	us-gaap	Payments For Origination Of Mortgage Loans Held For Sale PaymentsForOriginationOfMortgageLoansHeldForSale	1128651000	USD
CY2015	us-gaap	Payments For Origination Of Mortgage Loans Held For Sale PaymentsForOriginationOfMortgageLoansHeldForSale	2594141000	USD
CY2014	us-gaap	Payments For Origination Of Mortgage Loans Held For Sale PaymentsForOriginationOfMortgageLoansHeldForSale	3345372000	USD
CY2016	us-gaap	Proceeds From Sale Of Mortgage Loans Held For Sale ProceedsFromSaleOfMortgageLoansHeldForSale	1440195000	USD
CY2015	us-gaap	Proceeds From Sale Of Mortgage Loans Held For Sale ProceedsFromSaleOfMortgageLoansHeldForSale	2509090000	USD
CY2014	us-gaap	Proceeds From Sale Of Mortgage Loans Held For Sale ProceedsFromSaleOfMortgageLoansHeldForSale	3523689000	USD
CY2016	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	426000	USD
CY2015	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	371000	USD
CY2014	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1990000	USD
CY2016	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	1017000	USD
CY2015	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	294000	USD
CY2014	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	1957000	USD
CY2016	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-1868000	USD
CY2015	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-2900000	USD
CY2016	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	1662000	USD
CY2014	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	7175000	USD
CY2015	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-621000	USD
CY2014	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	9687000	USD
CY2016	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	3673000	USD
CY2015	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1770000	USD
CY2014	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	17446000	USD
CY2016	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-9085000	USD
CY2015	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-12985000	USD
CY2014	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	22126000	USD
CY2016	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	409147000	USD
CY2015	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	40588000	USD
CY2014	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	208672000	USD
CY2016	us-gaap	Increase Decrease Cash Collateral From Counterparties IncreaseDecreaseCashCollateralFromCounterparties	7616000	USD
CY2015	us-gaap	Increase Decrease Cash Collateral From Counterparties IncreaseDecreaseCashCollateralFromCounterparties	16918000	USD
CY2014	us-gaap	Increase Decrease Cash Collateral From Counterparties IncreaseDecreaseCashCollateralFromCounterparties	-13864000	USD
CY2016	us-gaap	Payments For Derivative Instrument Investing Activities PaymentsForDerivativeInstrumentInvestingActivities	73000	USD
CY2015	us-gaap	Payments For Derivative Instrument Investing Activities PaymentsForDerivativeInstrumentInvestingActivities	0	USD
CY2014	us-gaap	Payments For Derivative Instrument Investing Activities PaymentsForDerivativeInstrumentInvestingActivities	7000	USD
CY2016	us-gaap	Proceeds From Derivative Instrument Investing Activities ProceedsFromDerivativeInstrumentInvestingActivities	39000	USD
CY2015	us-gaap	Proceeds From Derivative Instrument Investing Activities ProceedsFromDerivativeInstrumentInvestingActivities	0	USD
CY2014	us-gaap	Proceeds From Derivative Instrument Investing Activities ProceedsFromDerivativeInstrumentInvestingActivities	0	USD
CY2016	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	977062000	USD
CY2015	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	725888000	USD
CY2014	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	2157391000	USD
CY2016	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	684143000	USD
CY2015	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	186902000	USD
CY2014	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	186310000	USD
CY2016	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	539295000	USD
CY2015	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	845648000	USD
CY2014	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	768590000	USD
CY2016	us-gaap	Payments To Acquire Federal Home Loan Bank Stock PaymentsToAcquireFederalHomeLoanBankStock	0	USD
CY2015	us-gaap	Payments To Acquire Federal Home Loan Bank Stock PaymentsToAcquireFederalHomeLoanBankStock	7984000	USD
CY2014	us-gaap	Payments To Acquire Federal Home Loan Bank Stock PaymentsToAcquireFederalHomeLoanBankStock	22890000	USD
CY2016	us-gaap	Proceeds From Sale Of Federal Reserve Stock ProceedsFromSaleOfFederalReserveStock	0	USD
CY2015	us-gaap	Proceeds From Sale Of Federal Reserve Stock ProceedsFromSaleOfFederalReserveStock	2409000	USD
CY2014	us-gaap	Proceeds From Sale Of Federal Reserve Stock ProceedsFromSaleOfFederalReserveStock	0	USD
CY2016	ladr	Payments To Acquire Loans And Leases Held For Investment And Origination Of Loans PaymentsToAcquireLoansAndLeasesHeldForInvestmentAndOriginationOfLoans	919023000	USD
CY2015	ladr	Payments To Acquire Loans And Leases Held For Investment And Origination Of Loans PaymentsToAcquireLoansAndLeasesHeldForInvestmentAndOriginationOfLoans	963023000	USD
CY2014	ladr	Payments To Acquire Loans And Leases Held For Investment And Origination Of Loans PaymentsToAcquireLoansAndLeasesHeldForInvestmentAndOriginationOfLoans	1201968000	USD
CY2016	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	649914000	USD
CY2015	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	752452000	USD
CY2014	ladr	Increase Decrease In Restricted Cash Excluding Derivative Collateral IncreaseDecreaseInRestrictedCashExcludingDerivativeCollateral	53000	USD
CY2014	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	214511000	USD
CY2016	ladr	Increase Decrease In Restricted Cash Excluding Derivative Collateral IncreaseDecreaseInRestrictedCashExcludingDerivativeCollateral	-3793000	USD
CY2015	ladr	Increase Decrease In Restricted Cash Excluding Derivative Collateral IncreaseDecreaseInRestrictedCashExcludingDerivativeCollateral	5291000	USD
CY2016	ladr	Proceedsfrom Paymentsfor Depositon Loan Originations Investing ProceedsfromPaymentsforDepositonLoanOriginationsInvesting	-960000	USD
CY2015	ladr	Proceedsfrom Paymentsfor Depositon Loan Originations Investing ProceedsfromPaymentsforDepositonLoanOriginationsInvesting	2368000	USD
CY2014	ladr	Proceedsfrom Paymentsfor Depositon Loan Originations Investing ProceedsfromPaymentsforDepositonLoanOriginationsInvesting	91000	USD
CY2016	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	4014000	USD
CY2015	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-5375000	USD
CY2014	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	9621000	USD
CY2016	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	0	USD
CY2015	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	31085000	USD
CY2014	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	0	USD
CY2016	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	48000	USD
CY2015	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	3747000	USD
CY2014	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	3255000	USD
CY2016	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	867000	USD
CY2015	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	341000	USD
CY2014	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	0	USD
CY2016	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	10001000	USD
CY2015	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	0	USD
CY2014	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	0	USD
CY2016	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	62495000	USD
CY2015	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	197501000	USD
CY2014	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	254497000	USD
CY2016	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	10640000	USD
CY2015	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	8375000	USD
CY2014	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	5192000	USD
CY2016	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	72953000	USD
CY2015	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	98558000	USD
CY2014	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	123444000	USD
CY2016	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-25414000	USD
CY2015	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-29847000	USD
CY2014	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-2369464000	USD
CY2016	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	5927000	USD
CY2015	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	2330000	USD
CY2014	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	9863000	USD
CY2016	ladr	Proceedsfrom Borrowing Under Debt Obligations ProceedsfromBorrowingUnderDebtObligations	12359830000	USD
CY2015	ladr	Proceedsfrom Borrowing Under Debt Obligations ProceedsfromBorrowingUnderDebtObligations	16280023000	USD
CY2014	ladr	Proceedsfrom Borrowing Under Debt Obligations ProceedsfromBorrowingUnderDebtObligations	16885636000	USD
CY2016	ladr	Repaymentsof Borrowings Under Debt Obligations RepaymentsofBorrowingsUnderDebtObligations	12689064000	USD
CY2015	ladr	Repaymentsof Borrowings Under Debt Obligations RepaymentsofBorrowingsUnderDebtObligations	16137339000	USD
CY2014	ladr	Repaymentsof Borrowings Under Debt Obligations RepaymentsofBorrowingsUnderDebtObligations	14907233000	USD
CY2016	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	67166000	USD
CY2015	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	39934000	USD
CY2014	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	0	USD
CY2016	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	0	USD
CY2015	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	0	USD
CY2014	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	369000	USD
CY2016	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	786000	USD
CY2015	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	4897000	USD
CY2014	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	125000	USD
CY2016	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4652000	USD
CY2015	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	994000	USD
CY2014	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2016	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2015	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2014	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	259037000	USD
CY2016	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	0	USD
CY2015	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	0	USD
CY2014	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	20523000	USD
CY2016	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-448077000	USD
CY2015	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	22000000	USD
CY2014	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	2158268000	USD
CY2016	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-64344000	USD
CY2015	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	32741000	USD
CY2014	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-2524000	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	108959000	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	76218000	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	78742000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	44615000	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	108959000	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	76218000	USD
CY2016	us-gaap	Interest Paid InterestPaid	115246000	USD
CY2015	us-gaap	Interest Paid InterestPaid	107362000	USD
CY2014	us-gaap	Interest Paid InterestPaid	63171000	USD
CY2016	us-gaap	Income Taxes Paid IncomeTaxesPaid	8775000	USD
CY2015	us-gaap	Income Taxes Paid IncomeTaxesPaid	7306000	USD
CY2014	us-gaap	Income Taxes Paid IncomeTaxesPaid	45981000	USD
CY2016	ladr	Other Significant Noncash Transaction Securitiesand Derivatives Purchased OtherSignificantNoncashTransactionSecuritiesandDerivativesPurchased	394000	USD
CY2015	ladr	Other Significant Noncash Transaction Securitiesand Derivatives Purchased OtherSignificantNoncashTransactionSecuritiesandDerivativesPurchased	0	USD
CY2014	ladr	Other Significant Noncash Transaction Securitiesand Derivatives Purchased OtherSignificantNoncashTransactionSecuritiesandDerivativesPurchased	0	USD
CY2016	ladr	Other Significant Noncash Transaction Securities Sold OtherSignificantNoncashTransactionSecuritiesSold	0	USD
CY2015	ladr	Other Significant Noncash Transaction Securities Sold OtherSignificantNoncashTransactionSecuritiesSold	4000	USD
CY2014	ladr	Other Significant Noncash Transaction Securities Sold OtherSignificantNoncashTransactionSecuritiesSold	3000	USD
CY2016	ladr	Transfer To Other Real Estatefrom Business Acquisitions TransferToOtherRealEstatefromBusinessAcquisitions	0	USD
CY2015	ladr	Originationof Mortgage Loans Receivable Heldfor Investment OriginationofMortgageLoansReceivableHeldforInvestment	0	USD
CY2014	ladr	Originationof Mortgage Loans Receivable Heldfor Investment OriginationofMortgageLoansReceivableHeldforInvestment	0	USD
CY2016	ladr	Repaymentof Mortgage Loans Receivable Heldfor Investment RepaymentofMortgageLoansReceivableHeldforInvestment	70678000	USD
CY2015	ladr	Repaymentof Mortgage Loans Receivable Heldfor Investment RepaymentofMortgageLoansReceivableHeldforInvestment	0	USD
CY2014	ladr	Repaymentof Mortgage Loans Receivable Heldfor Investment RepaymentofMortgageLoansReceivableHeldforInvestment	0	USD
CY2016	ladr	Noncash Settlementof Loans Via Foreclosure NoncashSettlementofLoansViaForeclosure	0	USD
CY2015	ladr	Noncash Settlementof Loans Via Foreclosure NoncashSettlementofLoansViaForeclosure	4620000	USD
CY2014	ladr	Noncash Settlementof Loans Via Foreclosure NoncashSettlementofLoansViaForeclosure	0	USD
CY2016	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	0	USD
CY2015	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	15249000	USD
CY2014	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	0	USD
CY2016	us-gaap	Transfer Of Other Real Estate TransferOfOtherRealEstate	0	USD
CY2015	us-gaap	Transfer Of Other Real Estate TransferOfOtherRealEstate	62093000	USD
CY2014	us-gaap	Transfer Of Other Real Estate TransferOfOtherRealEstate	0	USD
CY2016	ladr	Real Estate Exchange Amount Receivable From Intermediary RealEstateExchangeAmountReceivableFromIntermediary	0	USD
CY2015	ladr	Real Estate Exchange Amount Receivable From Intermediary RealEstateExchangeAmountReceivableFromIntermediary	6483000	USD
CY2014	ladr	Real Estate Exchange Amount Receivable From Intermediary RealEstateExchangeAmountReceivableFromIntermediary	0	USD
CY2015	ladr	Transfer To Other Real Estatefrom Business Acquisitions TransferToOtherRealEstatefromBusinessAcquisitions	6700000	USD
CY2014	ladr	Transfer To Other Real Estatefrom Business Acquisitions TransferToOtherRealEstatefromBusinessAcquisitions	0	USD
CY2016	ladr	Settlementof Saleof Real Estate Net Noncash Losson Settlement SettlementofSaleofRealEstateNetNoncashLossonSettlement	0	USD
CY2015	ladr	Settlementof Saleof Real Estate Net Noncash Losson Settlement SettlementofSaleofRealEstateNetNoncashLossonSettlement	11310000	USD
CY2014	ladr	Settlementof Saleof Real Estate Net Noncash Losson Settlement SettlementofSaleofRealEstateNetNoncashLossonSettlement	0	USD
CY2016	ladr	Settlementof Saleof Real Estate Net SettlementofSaleofRealEstateNet	0	USD
CY2015	ladr	Settlementof Saleof Real Estate Net SettlementofSaleofRealEstateNet	51060000	USD
CY2014	ladr	Settlementof Saleof Real Estate Net SettlementofSaleofRealEstateNet	0	USD
CY2016	ladr	Exchange Of Noncontrolling Interest For Common Stock ExchangeOfNoncontrollingInterestForCommonStock	145841000	USD
CY2015	ladr	Exchange Of Noncontrolling Interest For Common Stock ExchangeOfNoncontrollingInterestForCommonStock	53659000	USD
CY2014	ladr	Exchange Of Noncontrolling Interest For Common Stock ExchangeOfNoncontrollingInterestForCommonStock	0	USD

CY2016

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Amendment Flag

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false

CY2016

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Current Fiscal Year End Date

CurrentFiscalYearEndDate

--12-31

CY2016

dei

Document Fiscal Period Focus

DocumentFiscalPeriodFocus

FY

CY2016

dei

Document Fiscal Year Focus

DocumentFiscalYearFocus

2016

CY2016

dei

Entity Central Index Key

EntityCentralIndexKey

0001577670

CY2016

dei

Entity Current Reporting Status

EntityCurrentReportingStatus

Yes

CY2016

dei

Entity Filer Category

EntityFilerCategory

Accelerated Filer

CY2016

dei

Entity Voluntary Filers

EntityVoluntaryFilers

No

CY2016

dei

Entity Well Known Seasoned Issuer

EntityWellKnownSeasonedIssuer

No

CY2015Q4

ladr

Number Of Mortgage Loans Individually Impaired

NumberOfMortgageLoansIndividuallyImpaired

0

number_mortgage_loans_impaired

CY2015Q4

ladr

Number Of Mortgage Loans Individually Impaired

NumberOfMortgageLoansIndividuallyImpaired

0

loan

CY2015Q4

us-gaap

Cash Fdic Insured Amount

CashFDICInsuredAmount

250000

USD

CY2016

us-gaap

Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms

ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms

P19M9D

CY2015Q4

us-gaap

Treasury Stock Shares

TreasuryStockShares

548861

shares

CY2016Q4

us-gaap

Treasury Stock Shares

TreasuryStockShares

1095048

shares

CY2015Q4

us-gaap

Equity Method Investments

EquityMethodInvestments

33797000

USD

CY2016Q4

us-gaap

Federal Home Loan Bank Stock

FederalHomeLoanBankStock

77915000

USD

CY2015Q4

us-gaap

Federal Home Loan Bank Stock

FederalHomeLoanBankStock

77915000

USD

CY2016Q4

us-gaap

Derivative Assets

DerivativeAssets

5018000

USD

CY2015Q4

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Derivative Assets

DerivativeAssets

2821000

USD

CY2016Q4

us-gaap

Receivables From Brokers Dealers And Clearing Organizations

ReceivablesFromBrokersDealersAndClearingOrganizations

10000

USD

CY2015Q4

us-gaap

Receivables From Brokers Dealers And Clearing Organizations

ReceivablesFromBrokersDealersAndClearingOrganizations

0

USD

CY2015Q4

us-gaap

Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued

UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued

0

USD

CY2016

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Document Type

DocumentType

10-K

CY2016

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Document Period End Date

DocumentPeriodEndDate

2016-12-31

CY2016

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Entity Registrant Name

EntityRegistrantName

Ladder Capital Corp

CY2016Q2

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Entity Public Float

EntityPublicFloat

469299779

USD

CY2016Q4

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Cash And Cash Equivalents At Carrying Value

CashAndCashEquivalentsAtCarryingValue

44615000

USD

CY2015Q4

us-gaap

Cash And Cash Equivalents At Carrying Value

CashAndCashEquivalentsAtCarryingValue

108959000

USD

CY2016Q4

us-gaap

Restricted Cash And Investments

RestrictedCashAndInvestments

19402000

USD

CY2015Q4

us-gaap

Restricted Cash And Investments

RestrictedCashAndInvestments

30811000

USD

CY2016Q4

us-gaap

Loans And Leases Receivable Net Reported Amount

LoansAndLeasesReceivableNetReportedAmount

1996095000

USD

CY2015Q4

us-gaap

Loans And Leases Receivable Net Reported Amount

LoansAndLeasesReceivableNetReportedAmount

1738645000

USD

CY2016Q4

ladr

Loans Receivable Held For Sale Net Not Part Of Disposal Group Or Discontinued Operation

LoansReceivableHeldForSaleNetNotPartOfDisposalGroupOrDiscontinuedOperation

357882000

USD

CY2015Q4

ladr

Loans Receivable Held For Sale Net Not Part Of Disposal Group Or Discontinued Operation

LoansReceivableHeldForSaleNetNotPartOfDisposalGroupOrDiscontinuedOperation

571764000

USD

CY2016Q4

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Available For Sale Securities

AvailableForSaleSecurities

2100947000

USD

CY2015Q4

us-gaap

Available For Sale Securities

AvailableForSaleSecurities

2407217000

USD

CY2016Q4

us-gaap

Real Estate Investment Property Net

RealEstateInvestmentPropertyNet

822338000

USD

CY2015Q4

us-gaap

Real Estate Investment Property Net

RealEstateInvestmentPropertyNet

834779000

USD

CY2016Q4

us-gaap

Equity Method Investments

EquityMethodInvestments

34025000

USD

CY2016Q4

us-gaap

Interest Receivable

InterestReceivable

24439000

USD

CY2015Q4

us-gaap

Interest Receivable

InterestReceivable

22776000

USD

CY2016Q4

us-gaap

Other Assets

OtherAssets

95651000

USD

CY2015Q4

us-gaap

Other Assets

OtherAssets

65728000

USD

CY2016Q4

us-gaap

Assets

5578337000

USD

CY2015Q4

us-gaap

Assets

5895212000

USD

CY2016Q4

ladr

Debt Obligations

DebtObligations

3942138000

USD

CY2015Q4

ladr

Debt Obligations

DebtObligations

4274723000

USD

CY2016Q4

us-gaap

Due To Correspondent Brokers

DueToCorrespondentBrokers

394000

USD

CY2015Q4

us-gaap

Due To Correspondent Brokers

DueToCorrespondentBrokers

0

USD

CY2016Q4

us-gaap

Derivative Liabilities

DerivativeLiabilities

3446000

USD

CY2015Q4

us-gaap

Derivative Liabilities

DerivativeLiabilities

5504000

USD

CY2016Q4

ladr

Amount Due Pursuant To Tax Receivable Agreement

AmountDuePursuantToTaxReceivableAgreement

2520000

USD

CY2015Q4

ladr

Amount Due Pursuant To Tax Receivable Agreement

AmountDuePursuantToTaxReceivableAgreement

1910000

USD

CY2016Q4

us-gaap

Dividends Payable Current And Noncurrent

DividendsPayableCurrentAndNoncurrent

24682000

USD

CY2015Q4

us-gaap

Dividends Payable Current And Noncurrent

DividendsPayableCurrentAndNoncurrent

17456000

USD

CY2016Q4

us-gaap

Accrued Liabilities Current And Noncurrent

AccruedLiabilitiesCurrentAndNoncurrent

66597000

USD

CY2015Q4

us-gaap

Accrued Liabilities Current And Noncurrent

AccruedLiabilitiesCurrentAndNoncurrent

78142000

USD

CY2016Q4

us-gaap

Other Liabilities

OtherLiabilities

29006000

USD

CY2015Q4

us-gaap

Other Liabilities

OtherLiabilities

26069000

USD

CY2016Q4

us-gaap

Liabilities

4068783000

USD

CY2015Q4

us-gaap

Liabilities

4403804000

USD

CY2016Q4

us-gaap

Commitments And Contingencies

CommitmentsAndContingencies

0

USD

CY2015Q4

us-gaap

Commitments And Contingencies

CommitmentsAndContingencies

0

USD

CY2016Q4

us-gaap

Additional Paid In Capital Common Stock

AdditionalPaidInCapitalCommonStock

992307000

USD

CY2015Q4

us-gaap

Additional Paid In Capital Common Stock

AdditionalPaidInCapitalCommonStock

776866000

USD

CY2016Q4

us-gaap

Treasury Stock Value

TreasuryStockValue

11244000

USD

CY2015Q4

us-gaap

Treasury Stock Value

TreasuryStockValue

5812000

USD

CY2016Q4

us-gaap

Retained Earnings Accumulated Deficit

RetainedEarningsAccumulatedDeficit

-11148000

USD

CY2015Q4

us-gaap

Retained Earnings Accumulated Deficit

RetainedEarningsAccumulatedDeficit

60618000

USD

CY2016Q4

us-gaap

Accumulated Other Comprehensive Income Loss Net Of Tax

AccumulatedOtherComprehensiveIncomeLossNetOfTax

1365000

USD

CY2015Q4

us-gaap

Accumulated Other Comprehensive Income Loss Net Of Tax

AccumulatedOtherComprehensiveIncomeLossNetOfTax

-3556000

USD

CY2016Q4

us-gaap

Stockholders Equity

StockholdersEquity

971390000

USD

CY2015Q4

us-gaap

Stockholders Equity

StockholdersEquity

828215000

USD

CY2016Q4

us-gaap

Minority Interest In Operating Partnerships

MinorityInterestInOperatingPartnerships

533246000

USD

CY2015Q4

us-gaap

Minority Interest In Operating Partnerships

MinorityInterestInOperatingPartnerships

657380000

USD

CY2016Q4

us-gaap

Minority Interest In Joint Ventures

MinorityInterestInJointVentures

4918000

USD

CY2015Q4

us-gaap

Minority Interest In Joint Ventures

MinorityInterestInJointVentures

5813000

USD

CY2016Q4

us-gaap

Stockholders Equity Including Portion Attributable To Noncontrolling Interest

StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

1509554000

USD

CY2015Q4

us-gaap

Stockholders Equity Including Portion Attributable To Noncontrolling Interest

StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

1491408000

USD

CY2016Q4

us-gaap

Liabilities And Stockholders Equity

LiabilitiesAndStockholdersEquity

5578337000

USD

CY2015Q4

us-gaap

Liabilities And Stockholders Equity

LiabilitiesAndStockholdersEquity

5895212000

USD

CY2016

us-gaap

Interest And Dividend Income Operating

InterestAndDividendIncomeOperating

236372000

USD

CY2015

us-gaap

Interest And Dividend Income Operating

InterestAndDividendIncomeOperating

241539000

USD

CY2014

us-gaap

Interest And Dividend Income Operating

InterestAndDividendIncomeOperating

187325000

USD

CY2016

us-gaap

Interest Expense

InterestExpense

120827000

USD

CY2015

us-gaap

Interest Expense

InterestExpense

113303000

USD

CY2014

us-gaap

Interest Expense

InterestExpense

77574000

USD

CY2016

us-gaap

Interest Income Expense Net

InterestIncomeExpenseNet

115545000

USD

CY2015

us-gaap

Interest Income Expense Net

InterestIncomeExpenseNet

128236000

USD

CY2014

us-gaap

Interest Income Expense Net

InterestIncomeExpenseNet

109751000

USD

CY2016

us-gaap

Provision For Loan Losses Expensed

ProvisionForLoanLossesExpensed

300000

USD

CY2015

us-gaap

Provision For Loan Losses Expensed

ProvisionForLoanLossesExpensed

600000

USD

CY2014

us-gaap

Provision For Loan Losses Expensed

ProvisionForLoanLossesExpensed

600000

USD

CY2016

us-gaap

Interest Income Expense After Provision For Loan Loss

InterestIncomeExpenseAfterProvisionForLoanLoss

115245000

USD

CY2015

us-gaap

Interest Income Expense After Provision For Loan Loss

InterestIncomeExpenseAfterProvisionForLoanLoss

127636000

USD

CY2014

us-gaap

Interest Income Expense After Provision For Loan Loss

InterestIncomeExpenseAfterProvisionForLoanLoss

109151000

USD

CY2016

us-gaap

Operating Leases Income Statement Lease Revenue

OperatingLeasesIncomeStatementLeaseRevenue

77277000

USD

CY2015

us-gaap

Operating Leases Income Statement Lease Revenue

OperatingLeasesIncomeStatementLeaseRevenue

80465000

USD

CY2014

us-gaap

Operating Leases Income Statement Lease Revenue

OperatingLeasesIncomeStatementLeaseRevenue

56649000

USD

CY2016

us-gaap

Tenant Reimbursements

TenantReimbursements

5958000

USD

CY2015

us-gaap

Tenant Reimbursements

TenantReimbursements

9907000

USD

CY2014

us-gaap

Tenant Reimbursements

TenantReimbursements

9183000

USD

CY2016

us-gaap

Gain Loss On Sales Of Loans Net

GainLossOnSalesOfLoansNet

26009000

USD

CY2015

us-gaap

Gain Loss On Sales Of Loans Net

GainLossOnSalesOfLoansNet

71066000

USD

CY2014

us-gaap

Gain Loss On Sales Of Loans Net

GainLossOnSalesOfLoansNet

145275000

USD

CY2016

us-gaap

Gain Loss On Sale Of Securities Net

GainLossOnSaleOfSecuritiesNet

7724000

USD

CY2015

us-gaap

Gain Loss On Sale Of Securities Net

GainLossOnSaleOfSecuritiesNet

24007000

USD

CY2014

us-gaap

Gain Loss On Sale Of Securities Net

GainLossOnSaleOfSecuritiesNet

26977000

USD

CY2016

us-gaap

Unrealized Gain Loss On Securities

UnrealizedGainLossOnSecurities

-56000

USD

CY2015

us-gaap

Unrealized Gain Loss On Securities

UnrealizedGainLossOnSecurities

-1249000

USD

CY2014

us-gaap

Unrealized Gain Loss On Securities

UnrealizedGainLossOnSecurities

2144000

USD

CY2016

us-gaap

Gain Loss On Sale Of Properties

GainLossOnSaleOfProperties

20636000

USD

CY2015

us-gaap

Gain Loss On Sale Of Properties

GainLossOnSaleOfProperties

40386000

USD

CY2014

us-gaap

Gain Loss On Sale Of Properties

GainLossOnSaleOfProperties

29760000

USD

CY2016

us-gaap

Fees And Commissions

FeesAndCommissions

21365000

USD

CY2015

us-gaap

Fees And Commissions

FeesAndCommissions

15205000

USD

CY2014

us-gaap

Fees And Commissions

FeesAndCommissions

11704000

USD

CY2016

us-gaap

Gain Loss On Derivative Instruments Net Pretax

GainLossOnDerivativeInstrumentsNetPretax

-1409000

USD

CY2015

us-gaap

Gain Loss On Derivative Instruments Net Pretax

GainLossOnDerivativeInstrumentsNetPretax

-38937000

USD

CY2014

us-gaap

Gain Loss On Derivative Instruments Net Pretax

GainLossOnDerivativeInstrumentsNetPretax

-94798000

USD

CY2016

us-gaap

Income Loss From Equity Method Investments

IncomeLossFromEquityMethodInvestments

426000

USD

CY2015

us-gaap

Income Loss From Equity Method Investments

IncomeLossFromEquityMethodInvestments

371000

USD

CY2014

us-gaap

Income Loss From Equity Method Investments

IncomeLossFromEquityMethodInvestments

1990000

USD

CY2016

ladr

Gain Loss On Assignment Of Loans Net

GainLossOnAssignmentOfLoansNet

0

USD

CY2015

ladr

Gain Loss On Assignment Of Loans Net

GainLossOnAssignmentOfLoansNet

0

USD

CY2014

ladr

Gain Loss On Assignment Of Loans Net

GainLossOnAssignmentOfLoansNet

432000

USD

CY2016

us-gaap

Gains Losses On Extinguishment Of Debt

GainsLossesOnExtinguishmentOfDebt

5382000

USD

CY2015

us-gaap

Gains Losses On Extinguishment Of Debt

GainsLossesOnExtinguishmentOfDebt

0

USD

CY2014

us-gaap

Gains Losses On Extinguishment Of Debt

GainsLossesOnExtinguishmentOfDebt

-150000

USD

CY2016

us-gaap

Nonoperating Income Expense

NonoperatingIncomeExpense

163312000

USD

CY2015

us-gaap

Nonoperating Income Expense

NonoperatingIncomeExpense

201221000

USD

CY2014

us-gaap

Nonoperating Income Expense

NonoperatingIncomeExpense

189166000

USD

CY2016

us-gaap

Labor And Related Expense

LaborAndRelatedExpense

64270000

USD

CY2015

us-gaap

Labor And Related Expense

LaborAndRelatedExpense

61612000

USD

CY2014

us-gaap

Labor And Related Expense

LaborAndRelatedExpense

82144000

USD

CY2014

us-gaap

Costs And Expenses

CostsAndExpenses

174086000

USD

CY2016

us-gaap

Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest

IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

120040000

USD

CY2015

us-gaap

Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest

IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

160691000

USD

CY2016

us-gaap

Operating Expenses

OperatingExpenses

20552000

USD

CY2015

us-gaap

Operating Expenses

OperatingExpenses

25103000

USD

CY2014

us-gaap

Operating Expenses

OperatingExpenses

25398000

USD

CY2016

ladr

Real Estate Operating Expenses

RealEstateOperatingExpenses

29953000

USD

CY2015

ladr

Real Estate Operating Expenses

RealEstateOperatingExpenses

35886000

USD

CY2014

ladr

Real Estate Operating Expenses

RealEstateOperatingExpenses

32670000

USD

CY2016

us-gaap

Business Combination Acquisition Related Costs

BusinessCombinationAcquisitionRelatedCosts

592000

USD

CY2015

us-gaap

Business Combination Acquisition Related Costs

BusinessCombinationAcquisitionRelatedCosts

1983000

USD

CY2014

us-gaap

Business Combination Acquisition Related Costs

BusinessCombinationAcquisitionRelatedCosts

2404000

USD

CY2016

ladr

Fee Expenses

FeeExpenses

3703000

USD

CY2015

ladr

Fee Expenses

FeeExpenses

4521000

USD

CY2014

ladr

Fee Expenses

FeeExpenses

3023000

USD

CY2016

us-gaap

Depreciation Depletion And Amortization

DepreciationDepletionAndAmortization

39447000

USD

CY2015

us-gaap

Depreciation Depletion And Amortization

DepreciationDepletionAndAmortization

39061000

USD

CY2014

us-gaap

Depreciation Depletion And Amortization

DepreciationDepletionAndAmortization

28447000

USD

CY2016

us-gaap

Costs And Expenses

CostsAndExpenses

158517000

USD

CY2015

us-gaap

Costs And Expenses

CostsAndExpenses

168166000

USD

CY2014

us-gaap

Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest

IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

124231000

USD

CY2016

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

6320000

USD

CY2015

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

14557000

USD

CY2014

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

26605000

USD

CY2016

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

113720000

USD

CY2015

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

146134000

USD

CY2014

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

97626000

USD

CY2016

us-gaap

Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable

NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable

-138000

USD

CY2015

us-gaap

Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable

NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable

1568000

USD

CY2014

us-gaap

Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable

NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable

-370000

USD

CY2016

ladr

Income Loss Attributable To Predecessor Unit Holders

IncomeLossAttributableToPredecessorUnitHolders

0

USD

CY2015

ladr

Income Loss Attributable To Predecessor Unit Holders

IncomeLossAttributableToPredecessorUnitHolders

0

USD

CY2014

ladr

Income Loss Attributable To Predecessor Unit Holders

IncomeLossAttributableToPredecessorUnitHolders

12628000

USD

CY2016

us-gaap

Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable

NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable

47131000

USD

CY2015

us-gaap

Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable

NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable

70745000

USD

CY2014

us-gaap

Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable

NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable

66437000

USD

CY2016

us-gaap

Earnings Per Share Basic

EarningsPerShareBasic

1.08

CY2015

us-gaap

Earnings Per Share Basic

EarningsPerShareBasic

1.43

CY2014

us-gaap

Earnings Per Share Basic

EarningsPerShareBasic

0.90

CY2016

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

1.06

CY2015

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

1.42

CY2014

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

0.86

CY2016

us-gaap

Weighted Average Number Of Shares Outstanding Basic

WeightedAverageNumberOfSharesOutstandingBasic

61998089

shares

CY2015

us-gaap

Weighted Average Number Of Shares Outstanding Basic

WeightedAverageNumberOfSharesOutstandingBasic

51702188

shares

CY2014

us-gaap

Weighted Average Number Of Shares Outstanding Basic

WeightedAverageNumberOfSharesOutstandingBasic

49296417

shares

CY2016

us-gaap

Weighted Average Number Of Diluted Shares Outstanding

WeightedAverageNumberOfDilutedSharesOutstanding

107638788

shares

CY2015

us-gaap

Weighted Average Number Of Diluted Shares Outstanding

WeightedAverageNumberOfDilutedSharesOutstanding

51870808

shares

CY2014

us-gaap

Weighted Average Number Of Diluted Shares Outstanding

WeightedAverageNumberOfDilutedSharesOutstanding

97583310

shares

CY2016

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

113720000

USD

CY2015

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

146134000

USD

CY2014

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

97626000

USD

CY2016

us-gaap

Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax

OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax

20947000

USD

CY2015

us-gaap

Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax

OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax

-11403000

USD

CY2014

us-gaap

Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax

OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax

43179000

USD

CY2016

us-gaap

Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax

OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax

12428000

USD

CY2015

us-gaap

Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax

OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax

25142000

USD

CY2014

us-gaap

Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax

OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax

25163000

USD

CY2016

us-gaap

Other Comprehensive Income Loss Net Of Tax

OtherComprehensiveIncomeLossNetOfTax

8519000

USD

CY2015

us-gaap

Other Comprehensive Income Loss Net Of Tax

OtherComprehensiveIncomeLossNetOfTax

-36545000

USD

CY2014

us-gaap

Other Comprehensive Income Loss Net Of Tax

OtherComprehensiveIncomeLossNetOfTax

18016000

USD

CY2016

us-gaap

Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest

ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest

122239000

USD

CY2015

us-gaap

Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest

ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest

109589000

USD

CY2014

us-gaap

Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest

ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest

115642000

USD

CY2016

us-gaap

Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable

NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable

-138000

USD

CY2015

us-gaap

Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable

NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable

1568000

USD

CY2014

us-gaap

Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable

NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable

-370000

USD

CY2016

ladr

Comprehensive Income Net Of Tax Including Noncontrolling Interest In Operating Partnership

ComprehensiveIncomeNetOfTaxIncludingNoncontrollingInterestInOperatingPartnership

122377000

USD

CY2015

ladr

Comprehensive Income Net Of Tax Including Noncontrolling Interest In Operating Partnership

ComprehensiveIncomeNetOfTaxIncludingNoncontrollingInterestInOperatingPartnership

108021000

USD

CY2014

ladr

Comprehensive Income Net Of Tax Including Noncontrolling Interest In Operating Partnership

ComprehensiveIncomeNetOfTaxIncludingNoncontrollingInterestInOperatingPartnership

116012000

USD

CY2016

ladr

Comprehensive Income Net Of Tax Predecessor

ComprehensiveIncomeNetOfTaxPredecessor

0

USD

CY2015

ladr

Comprehensive Income Net Of Tax Predecessor

ComprehensiveIncomeNetOfTaxPredecessor

0

USD

CY2014

ladr

Comprehensive Income Net Of Tax Predecessor

ComprehensiveIncomeNetOfTaxPredecessor

-4380000

USD

CY2016

ladr

Noncontrolling Interest In Comprehensive Income Loss Operating Partnerships Nonredeemable

NoncontrollingInterestInComprehensiveIncomeLossOperatingPartnershipsNonredeemable

52230000

USD

CY2015

ladr

Noncontrolling Interest In Comprehensive Income Loss Operating Partnerships Nonredeemable

NoncontrollingInterestInComprehensiveIncomeLossOperatingPartnershipsNonredeemable

54247000

USD

CY2014

ladr

Noncontrolling Interest In Comprehensive Income Loss Operating Partnerships Nonredeemable

NoncontrollingInterestInComprehensiveIncomeLossOperatingPartnershipsNonredeemable

66957000

USD

CY2016

us-gaap

Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax

OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax

500000

USD

CY2015

us-gaap

Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax

OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax

5800000

USD

CY2014

us-gaap

Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax

OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax

0

USD

CY2016

us-gaap

Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax

OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax

-500000

USD

CY2015

us-gaap

Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax

OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax

-5800000

USD

CY2014Q4

us-gaap

Stockholders Equity Including Portion Attributable To Noncontrolling Interest

StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

1505207000

USD

CY2015

us-gaap

Partners Capital Account Contributions

PartnersCapitalAccountContributions

74000

USD

CY2014

us-gaap

Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax

OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax

0

USD

CY2015Q4

us-gaap

Stockholders Equity Including Portion Attributable To Noncontrolling Interest

StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

1491408000

USD

CY2016

us-gaap

Partners Capital Account Contributions

PartnersCapitalAccountContributions

250000

USD

CY2016

us-gaap

Minority Interest Decrease From Distributions To Noncontrolling Interest Holders

MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders

40562000

USD

CY2016

us-gaap

Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value

AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue

17640000

USD

CY2016

us-gaap

Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures

StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures

0

USD

CY2016

us-gaap

Treasury Stock Value Acquired Cost Method

TreasuryStockValueAcquiredCostMethod

4652000

USD

CY2016

us-gaap

Adjustments Related To Tax Withholding For Share Based Compensation

AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation

786000

USD

CY2016

us-gaap

Stock Issued During Period Value Share Based Compensation Forfeited

StockIssuedDuringPeriodValueShareBasedCompensationForfeited

0

USD

CY2016

us-gaap

Dividends

74393000

USD

CY2016

us-gaap

Stock Issued During Period Value Stock Dividend

StockIssuedDuringPeriodValueStockDividend

0

USD

CY2016

ladr

Stock Issued During Period Value Exchange Of Noncontrolling Interest

StockIssuedDuringPeriodValueExchangeOfNoncontrollingInterest

0

USD

CY2016

ladr

Adjustmentsto Additional Paidin Capital Adjustmentto Tax Receivable Agreementas Resultof Exchangeof Class B Shares

AdjustmentstoAdditionalPaidinCapitalAdjustmenttoTaxReceivableAgreementasResultofExchangeofClassBShares

-1590000

USD

CY2016

us-gaap

Profit Loss

ProfitLoss

113720000

USD

CY2016

us-gaap

Other Comprehensive Income Loss Net Of Tax

OtherComprehensiveIncomeLossNetOfTax

8519000

USD

CY2016

ladr

Adjustments To Additional Paid In Capital Rebalancing Of Ownership Percentage Between Entity And Operating Partnership Value

AdjustmentsToAdditionalPaidInCapitalRebalancingOfOwnershipPercentageBetweenEntityAndOperatingPartnershipValue

0

USD

CY2016Q4

us-gaap

Stockholders Equity Including Portion Attributable To Noncontrolling Interest

StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

1509554000

USD

CY2015

us-gaap

Minority Interest Decrease From Distributions To Noncontrolling Interest Holders

MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders

72603000

USD

CY2015

ladr

Stockholders Equity Changein Par Value

StockholdersEquityChangeinParValue

0

USD

CY2015

us-gaap

Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value

AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue

13788000

USD

CY2015

us-gaap

Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures

StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures

0

USD

CY2015

us-gaap

Treasury Stock Value Acquired Cost Method

TreasuryStockValueAcquiredCostMethod

994000

USD

CY2015

us-gaap

Stock Issued During Period Value Treasury Stock Reissued

StockIssuedDuringPeriodValueTreasuryStockReissued

0

USD

CY2015

us-gaap

Adjustments Related To Tax Withholding For Share Based Compensation

AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation

4897000

USD

CY2014

us-gaap

Stock Issued During Period Value Conversion Of Units

StockIssuedDuringPeriodValueConversionOfUnits

0

USD

CY2014

ladr

Stock Issued During Period Value Exchange Of Noncontrolling Interest

StockIssuedDuringPeriodValueExchangeOfNoncontrollingInterest

0

USD

CY2014

ladr

Stock Issued During Period Value Exchangeof Capital

StockIssuedDuringPeriodValueExchangeofCapital

0

USD

CY2014

ladr

Stock Issued During Period Value Exchangeof Predecessor Lp Units

StockIssuedDuringPeriodValueExchangeofPredecessorLPUnits

0

USD

CY2015

us-gaap

Stock Issued During Period Value Share Based Compensation Forfeited

StockIssuedDuringPeriodValueShareBasedCompensationForfeited

0

USD

CY2015

us-gaap

Dividends

57390000

USD

CY2015

ladr

Stock Issued During Period Value Exchange Of Noncontrolling Interest

StockIssuedDuringPeriodValueExchangeOfNoncontrollingInterest

0

USD

CY2015

ladr

Adjustmentsto Additional Paidin Capital Adjustmentto Tax Receivable Agreementas Resultof Exchangeof Class B Shares

AdjustmentstoAdditionalPaidinCapitalAdjustmenttoTaxReceivableAgreementasResultofExchangeofClassBShares

-1366000

USD

CY2015

us-gaap

Profit Loss

ProfitLoss

146134000

USD

CY2015

us-gaap

Other Comprehensive Income Loss Net Of Tax

OtherComprehensiveIncomeLossNetOfTax

-36545000

USD

CY2015

ladr

Adjustments To Additional Paid In Capital Rebalancing Of Ownership Percentage Between Entity And Operating Partnership Value

AdjustmentsToAdditionalPaidInCapitalRebalancingOfOwnershipPercentageBetweenEntityAndOperatingPartnershipValue

0

USD

CY2015Q4

us-gaap

Stockholders Equity Including Portion Attributable To Noncontrolling Interest

StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

1491408000

USD

CY2013Q4

us-gaap

Stockholders Equity Including Portion Attributable To Noncontrolling Interest

StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

1185234000

USD

CY2014

us-gaap

Partners Capital Account Contributions

PartnersCapitalAccountContributions

1841000

USD

CY2014

us-gaap

Minority Interest Decrease From Distributions To Noncontrolling Interest Holders

MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders

50502000

USD

CY2014

us-gaap

Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value

AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue

14451000

USD

CY2014

us-gaap

Stock Issued During Period Value New Issues

StockIssuedDuringPeriodValueNewIssues

259037000

USD

CY2014

us-gaap

Adjustments Related To Tax Withholding For Share Based Compensation

AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation

125000

USD

CY2014

us-gaap

Stock Issued During Period Value Share Based Compensation Forfeited

StockIssuedDuringPeriodValueShareBasedCompensationForfeited

0

USD

CY2014

us-gaap

Adjustments To Additional Paid In Capital Stock Issued Issuance Costs

AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts

20523000

USD

CY2014

ladr

Adjustmentsto Additional Paidin Capital Adjustmentto Tax Receivable Agreementas Resultof Exchangeof Class B Shares

AdjustmentstoAdditionalPaidinCapitalAdjustmenttoTaxReceivableAgreementasResultofExchangeofClassBShares

152000

USD

CY2014

us-gaap

Profit Loss

ProfitLoss

97626000

USD

CY2014

us-gaap

Other Comprehensive Income Loss Net Of Tax

OtherComprehensiveIncomeLossNetOfTax

18016000

USD

CY2014

ladr

Adjustments To Additional Paid In Capital Rebalancing Of Ownership Percentage Between Entity And Operating Partnership Value

AdjustmentsToAdditionalPaidInCapitalRebalancingOfOwnershipPercentageBetweenEntityAndOperatingPartnershipValue

0

USD

CY2014Q4

us-gaap

Stockholders Equity Including Portion Attributable To Noncontrolling Interest

StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

1505207000

USD

CY2016

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

113720000

USD

CY2015

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

146134000

USD

CY2014

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

97626000

USD

CY2016

us-gaap

Gains Losses On Extinguishment Of Debt

GainsLossesOnExtinguishmentOfDebt

5382000

USD

CY2015

us-gaap

Gains Losses On Extinguishment Of Debt

GainsLossesOnExtinguishmentOfDebt

0

USD

CY2014

us-gaap

Gains Losses On Extinguishment Of Debt

GainsLossesOnExtinguishmentOfDebt

-150000

USD

CY2016

us-gaap

Depreciation Depletion And Amortization

DepreciationDepletionAndAmortization

39447000

USD

CY2015

us-gaap

Depreciation Depletion And Amortization

DepreciationDepletionAndAmortization

39061000

USD

CY2014

us-gaap

Depreciation Depletion And Amortization

DepreciationDepletionAndAmortization

28447000

USD

CY2016

us-gaap

Unrealized Gain Loss On Derivatives

UnrealizedGainLossOnDerivatives

4224000

USD

CY2015

us-gaap

Unrealized Gain Loss On Derivatives

UnrealizedGainLossOnDerivatives

10182000

USD

CY2014

us-gaap

Unrealized Gain Loss On Derivatives

UnrealizedGainLossOnDerivatives

-14378000

USD

CY2016

us-gaap

Unrealized Gain Loss On Securities

UnrealizedGainLossOnSecurities

-56000

USD

CY2015

us-gaap

Unrealized Gain Loss On Securities

UnrealizedGainLossOnSecurities

-1249000

USD

CY2014

us-gaap

Unrealized Gain Loss On Securities

UnrealizedGainLossOnSecurities

2144000

USD

CY2016

us-gaap

Unrealized Gain Loss On Investments

UnrealizedGainLossOnInvestments

-14000

USD

CY2015

us-gaap

Unrealized Gain Loss On Investments

UnrealizedGainLossOnInvestments

0

USD

CY2014

us-gaap

Unrealized Gain Loss On Investments

UnrealizedGainLossOnInvestments

0

USD

CY2016

us-gaap

Provision For Loan Losses Expensed

ProvisionForLoanLossesExpensed

300000

USD

CY2015

us-gaap

Provision For Loan Losses Expensed

ProvisionForLoanLossesExpensed

600000

USD

CY2014

us-gaap

Provision For Loan Losses Expensed

ProvisionForLoanLossesExpensed

600000

USD

CY2016

us-gaap

Share Based Compensation

ShareBasedCompensation

17640000

USD

CY2015

us-gaap

Share Based Compensation

ShareBasedCompensation

13788000

USD

CY2014

us-gaap

Share Based Compensation

ShareBasedCompensation

14451000

USD

CY2016

us-gaap

Amortization Of Financing Costs

AmortizationOfFinancingCosts

7459000

USD

CY2015

us-gaap

Amortization Of Financing Costs

AmortizationOfFinancingCosts

5757000

USD

CY2014

us-gaap

Amortization Of Financing Costs

AmortizationOfFinancingCosts

5802000

USD

CY2016

us-gaap

Amortization Of Debt Discount Premium

AmortizationOfDebtDiscountPremium

-894000

USD

CY2015

us-gaap

Amortization Of Debt Discount Premium

AmortizationOfDebtDiscountPremium

-902000

USD

CY2014

us-gaap

Amortization Of Debt Discount Premium

AmortizationOfDebtDiscountPremium

-629000

USD

CY2016

us-gaap

Amortization Of Above And Below Market Leases

AmortizationOfAboveAndBelowMarketLeases

-108000

USD

CY2015

us-gaap

Amortization Of Above And Below Market Leases

AmortizationOfAboveAndBelowMarketLeases

-249000

USD

CY2014

us-gaap

Amortization Of Above And Below Market Leases

AmortizationOfAboveAndBelowMarketLeases

652000

USD

CY2016

ladr

Accretion Amortizationof Discountsand Premiums Loans

AccretionAmortizationofDiscountsandPremiumsLoans

8941000

USD

CY2015

ladr

Accretion Amortizationof Discountsand Premiums Loans

AccretionAmortizationofDiscountsandPremiumsLoans

12241000

USD

CY2014

ladr

Accretion Amortizationof Discountsand Premiums Loans

AccretionAmortizationofDiscountsandPremiumsLoans

6918000

USD

CY2016

us-gaap

Accretion Amortization Of Discounts And Premiums Investments

AccretionAmortizationOfDiscountsAndPremiumsInvestments

-76475000

USD

CY2015

us-gaap

Accretion Amortization Of Discounts And Premiums Investments

AccretionAmortizationOfDiscountsAndPremiumsInvestments

-87906000

USD

CY2014

us-gaap

Accretion Amortization Of Discounts And Premiums Investments

AccretionAmortizationOfDiscountsAndPremiumsInvestments

-91306000

USD

CY2016

us-gaap

Gain Loss On Sales Of Loans Net

GainLossOnSalesOfLoansNet

26009000

USD

CY2016

us-gaap

Gain Loss On Sale Of Properties

GainLossOnSaleOfProperties

20636000

USD

CY2015

us-gaap

Gain Loss On Sales Of Loans Net

GainLossOnSalesOfLoansNet

71066000

USD

CY2014

us-gaap

Gain Loss On Sales Of Loans Net

GainLossOnSalesOfLoansNet

145275000

USD

CY2016

ladr

Gain Losson Settlementof Loans Through Foreclosure

GainLossonSettlementofLoansThroughForeclosure

0

USD

CY2015

ladr

Gain Losson Settlementof Loans Through Foreclosure

GainLossonSettlementofLoansThroughForeclosure

820000

USD

CY2014

ladr

Gain Losson Settlementof Loans Through Foreclosure

GainLossonSettlementofLoansThroughForeclosure

0

USD

CY2016

us-gaap

Gain Loss On Sale Of Securities Net

GainLossOnSaleOfSecuritiesNet

7724000

USD

CY2015

us-gaap

Gain Loss On Sale Of Securities Net

GainLossOnSaleOfSecuritiesNet

24007000

USD

CY2014

us-gaap

Gain Loss On Sale Of Securities Net

GainLossOnSaleOfSecuritiesNet

26977000

USD

CY2016

us-gaap

Payments To Purchase Mortgage Loans Held For Sale

PaymentsToPurchaseMortgageLoansHeldForSale

73421000

USD

CY2015

us-gaap

Payments To Purchase Mortgage Loans Held For Sale

PaymentsToPurchaseMortgageLoansHeldForSale

0

USD

CY2014

us-gaap

Payments To Purchase Mortgage Loans Held For Sale

PaymentsToPurchaseMortgageLoansHeldForSale

0

USD

CY2016

us-gaap

Proceeds From Collection Of Mortgage Loans Held For Sale

ProceedsFromCollectionOfMortgageLoansHeldForSale

1768000

USD

CY2015

us-gaap

Proceeds From Collection Of Mortgage Loans Held For Sale

ProceedsFromCollectionOfMortgageLoansHeldForSale

2308000

USD

CY2014

us-gaap

Proceeds From Collection Of Mortgage Loans Held For Sale

ProceedsFromCollectionOfMortgageLoansHeldForSale

1293000

USD

CY2015

us-gaap

Gain Loss On Sale Of Properties

GainLossOnSaleOfProperties

40386000

USD

CY2014

us-gaap

Gain Loss On Sale Of Properties

GainLossOnSaleOfProperties

29760000

USD

CY2016

ladr

Gain Loss On Assignment Of Loans Net

GainLossOnAssignmentOfLoansNet

0

USD

CY2015

ladr

Gain Loss On Assignment Of Loans Net

GainLossOnAssignmentOfLoansNet

0

USD

CY2014

ladr

Gain Loss On Assignment Of Loans Net

GainLossOnAssignmentOfLoansNet

432000

USD

CY2016

us-gaap

Gain Loss On Sale Of Derivatives

GainLossOnSaleOfDerivatives

-24000

USD

CY2015

us-gaap

Gain Loss On Sale Of Derivatives

GainLossOnSaleOfDerivatives

0

USD

CY2014

us-gaap

Gain Loss On Sale Of Derivatives

GainLossOnSaleOfDerivatives

0

USD

CY2016

us-gaap

Payments For Origination Of Mortgage Loans Held For Sale

PaymentsForOriginationOfMortgageLoansHeldForSale

1128651000

USD

CY2015

us-gaap

Payments For Origination Of Mortgage Loans Held For Sale

PaymentsForOriginationOfMortgageLoansHeldForSale

2594141000

USD

CY2014

us-gaap

Payments For Origination Of Mortgage Loans Held For Sale

PaymentsForOriginationOfMortgageLoansHeldForSale

3345372000

USD

CY2016

us-gaap

Proceeds From Sale Of Mortgage Loans Held For Sale

ProceedsFromSaleOfMortgageLoansHeldForSale

1440195000

USD

CY2015

us-gaap

Proceeds From Sale Of Mortgage Loans Held For Sale

ProceedsFromSaleOfMortgageLoansHeldForSale

2509090000

USD

CY2014

us-gaap

Proceeds From Sale Of Mortgage Loans Held For Sale

ProceedsFromSaleOfMortgageLoansHeldForSale

3523689000

USD

CY2016

us-gaap

Income Loss From Equity Method Investments

IncomeLossFromEquityMethodInvestments

426000

USD

CY2015

us-gaap

Income Loss From Equity Method Investments

IncomeLossFromEquityMethodInvestments

371000

USD

CY2014

us-gaap

Income Loss From Equity Method Investments

IncomeLossFromEquityMethodInvestments

1990000

USD

CY2016

us-gaap

Equity Method Investment Dividends Or Distributions

EquityMethodInvestmentDividendsOrDistributions

1017000

USD

CY2015

us-gaap

Equity Method Investment Dividends Or Distributions

EquityMethodInvestmentDividendsOrDistributions

294000

USD

CY2014

us-gaap

Equity Method Investment Dividends Or Distributions

EquityMethodInvestmentDividendsOrDistributions

1957000

USD

CY2016

us-gaap

Increase Decrease In Deferred Income Taxes

IncreaseDecreaseInDeferredIncomeTaxes

-1868000

USD

CY2015

us-gaap

Increase Decrease In Deferred Income Taxes

IncreaseDecreaseInDeferredIncomeTaxes

-2900000

USD

CY2016

us-gaap

Increase Decrease In Accrued Interest Receivable Net

IncreaseDecreaseInAccruedInterestReceivableNet

1662000

USD

CY2014

us-gaap

Increase Decrease In Deferred Income Taxes

IncreaseDecreaseInDeferredIncomeTaxes

7175000

USD

CY2015

us-gaap

Increase Decrease In Accrued Interest Receivable Net

IncreaseDecreaseInAccruedInterestReceivableNet

-621000

USD

CY2014

us-gaap

Increase Decrease In Accrued Interest Receivable Net

IncreaseDecreaseInAccruedInterestReceivableNet

9687000

USD

CY2016

us-gaap

Increase Decrease In Other Operating Assets

IncreaseDecreaseInOtherOperatingAssets

3673000

USD

CY2015

us-gaap

Increase Decrease In Other Operating Assets

IncreaseDecreaseInOtherOperatingAssets

1770000

USD

CY2014

us-gaap

Increase Decrease In Other Operating Assets

IncreaseDecreaseInOtherOperatingAssets

17446000

USD

CY2016

us-gaap

Increase Decrease In Accrued Liabilities

IncreaseDecreaseInAccruedLiabilities

-9085000

USD

CY2015

us-gaap

Increase Decrease In Accrued Liabilities

IncreaseDecreaseInAccruedLiabilities

-12985000

USD

CY2014

us-gaap

Increase Decrease In Accrued Liabilities

IncreaseDecreaseInAccruedLiabilities

22126000

USD

CY2016

us-gaap

Net Cash Provided By Used In Operating Activities Continuing Operations

NetCashProvidedByUsedInOperatingActivitiesContinuingOperations

409147000

USD

CY2015

us-gaap

Net Cash Provided By Used In Operating Activities Continuing Operations

NetCashProvidedByUsedInOperatingActivitiesContinuingOperations

40588000

USD

CY2014

us-gaap

Net Cash Provided By Used In Operating Activities Continuing Operations

NetCashProvidedByUsedInOperatingActivitiesContinuingOperations

208672000

USD

CY2016

us-gaap

Increase Decrease Cash Collateral From Counterparties

IncreaseDecreaseCashCollateralFromCounterparties

7616000

USD

CY2015

us-gaap

Increase Decrease Cash Collateral From Counterparties

IncreaseDecreaseCashCollateralFromCounterparties

16918000

USD

CY2014

us-gaap

Increase Decrease Cash Collateral From Counterparties

IncreaseDecreaseCashCollateralFromCounterparties

-13864000

USD

CY2016

us-gaap

Payments For Derivative Instrument Investing Activities

PaymentsForDerivativeInstrumentInvestingActivities

73000

USD

CY2015

us-gaap

Payments For Derivative Instrument Investing Activities

PaymentsForDerivativeInstrumentInvestingActivities

0

USD

CY2014

us-gaap

Payments For Derivative Instrument Investing Activities

PaymentsForDerivativeInstrumentInvestingActivities

7000

USD

CY2016

us-gaap

Proceeds From Derivative Instrument Investing Activities

ProceedsFromDerivativeInstrumentInvestingActivities

39000

USD

CY2015

us-gaap

Proceeds From Derivative Instrument Investing Activities

ProceedsFromDerivativeInstrumentInvestingActivities

0

USD

CY2014

us-gaap

Proceeds From Derivative Instrument Investing Activities

ProceedsFromDerivativeInstrumentInvestingActivities

0

USD

CY2016

us-gaap

Payments To Acquire Available For Sale Securities

PaymentsToAcquireAvailableForSaleSecurities

977062000

USD

CY2015

us-gaap

Payments To Acquire Available For Sale Securities

PaymentsToAcquireAvailableForSaleSecurities

725888000

USD

CY2014

us-gaap

Payments To Acquire Available For Sale Securities

PaymentsToAcquireAvailableForSaleSecurities

2157391000

USD

CY2016

us-gaap

Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities

ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities

684143000

USD

CY2015

us-gaap

Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities

ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities

186902000

USD

CY2014

us-gaap

Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities

ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities

186310000

USD

CY2016

us-gaap

Proceeds From Sale Of Available For Sale Securities

ProceedsFromSaleOfAvailableForSaleSecurities

539295000

USD

CY2015

us-gaap

Proceeds From Sale Of Available For Sale Securities

ProceedsFromSaleOfAvailableForSaleSecurities

845648000

USD

CY2014

us-gaap

Proceeds From Sale Of Available For Sale Securities

ProceedsFromSaleOfAvailableForSaleSecurities

768590000

USD

CY2016

us-gaap

Payments To Acquire Federal Home Loan Bank Stock

PaymentsToAcquireFederalHomeLoanBankStock

0

USD

CY2015

us-gaap

Payments To Acquire Federal Home Loan Bank Stock

PaymentsToAcquireFederalHomeLoanBankStock

7984000

USD

CY2014

us-gaap

Payments To Acquire Federal Home Loan Bank Stock

PaymentsToAcquireFederalHomeLoanBankStock

22890000

USD

CY2016

us-gaap

Proceeds From Sale Of Federal Reserve Stock

ProceedsFromSaleOfFederalReserveStock

0

USD

CY2015

us-gaap

Proceeds From Sale Of Federal Reserve Stock

ProceedsFromSaleOfFederalReserveStock

2409000

USD

CY2014

us-gaap

Proceeds From Sale Of Federal Reserve Stock

ProceedsFromSaleOfFederalReserveStock

0

USD

CY2016

ladr

Payments To Acquire Loans And Leases Held For Investment And Origination Of Loans

PaymentsToAcquireLoansAndLeasesHeldForInvestmentAndOriginationOfLoans

919023000

USD

CY2015

ladr

Payments To Acquire Loans And Leases Held For Investment And Origination Of Loans

PaymentsToAcquireLoansAndLeasesHeldForInvestmentAndOriginationOfLoans

963023000

USD

CY2014

ladr

Payments To Acquire Loans And Leases Held For Investment And Origination Of Loans

PaymentsToAcquireLoansAndLeasesHeldForInvestmentAndOriginationOfLoans

1201968000

USD

CY2016

us-gaap

Proceeds From Principal Repayments On Loans And Leases Held For Investment

ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment

649914000

USD

CY2015

us-gaap

Proceeds From Principal Repayments On Loans And Leases Held For Investment

ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment

752452000

USD

CY2014

ladr

Increase Decrease In Restricted Cash Excluding Derivative Collateral

IncreaseDecreaseInRestrictedCashExcludingDerivativeCollateral

53000

USD

CY2014

us-gaap

Proceeds From Principal Repayments On Loans And Leases Held For Investment

ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment

214511000

USD

CY2016

ladr

Increase Decrease In Restricted Cash Excluding Derivative Collateral

IncreaseDecreaseInRestrictedCashExcludingDerivativeCollateral

-3793000

USD

CY2015

ladr

Increase Decrease In Restricted Cash Excluding Derivative Collateral

IncreaseDecreaseInRestrictedCashExcludingDerivativeCollateral

5291000

USD

CY2016

ladr

Proceedsfrom Paymentsfor Depositon Loan Originations Investing

ProceedsfromPaymentsforDepositonLoanOriginationsInvesting

-960000

USD

CY2015

ladr

Proceedsfrom Paymentsfor Depositon Loan Originations Investing

ProceedsfromPaymentsforDepositonLoanOriginationsInvesting

2368000

USD

CY2014

ladr

Proceedsfrom Paymentsfor Depositon Loan Originations Investing

ProceedsfromPaymentsforDepositonLoanOriginationsInvesting

91000

USD

CY2016

us-gaap

Increase Decrease In Restricted Cash

IncreaseDecreaseInRestrictedCash

4014000

USD

CY2015

us-gaap

Increase Decrease In Restricted Cash

IncreaseDecreaseInRestrictedCash

-5375000

USD

CY2014

us-gaap

Increase Decrease In Restricted Cash

IncreaseDecreaseInRestrictedCash

9621000

USD

CY2016

us-gaap

Payments To Acquire Equity Method Investments

PaymentsToAcquireEquityMethodInvestments

0

USD

CY2015

us-gaap

Payments To Acquire Equity Method Investments

PaymentsToAcquireEquityMethodInvestments

31085000

USD

CY2014

us-gaap

Payments To Acquire Equity Method Investments

PaymentsToAcquireEquityMethodInvestments

0

USD

CY2016

us-gaap

Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital

ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital

48000

USD

CY2015

us-gaap

Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital

ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital

3747000

USD

CY2014

us-gaap

Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital

ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital

3255000

USD

CY2016

us-gaap

Interest Paid Capitalized

InterestPaidCapitalized

867000

USD

CY2015

us-gaap

Interest Paid Capitalized

InterestPaidCapitalized

341000

USD

CY2014

us-gaap

Interest Paid Capitalized

InterestPaidCapitalized

0

USD

CY2016

us-gaap

Payments To Acquire Investments

PaymentsToAcquireInvestments

10001000

USD

CY2015

us-gaap

Payments To Acquire Investments

PaymentsToAcquireInvestments

0

USD

CY2014

us-gaap

Payments To Acquire Investments

PaymentsToAcquireInvestments

0

USD

CY2016

us-gaap

Payments To Acquire Real Estate Held For Investment

PaymentsToAcquireRealEstateHeldForInvestment

62495000

USD

CY2015

us-gaap

Payments To Acquire Real Estate Held For Investment

PaymentsToAcquireRealEstateHeldForInvestment

197501000

USD

CY2014

us-gaap

Payments To Acquire Real Estate Held For Investment

PaymentsToAcquireRealEstateHeldForInvestment

254497000

USD

CY2016

us-gaap

Payments For Capital Improvements

PaymentsForCapitalImprovements

10640000

USD

CY2015

us-gaap

Payments For Capital Improvements

PaymentsForCapitalImprovements

8375000

USD

CY2014

us-gaap

Payments For Capital Improvements

PaymentsForCapitalImprovements

5192000

USD

CY2016

us-gaap

Proceeds From Sale Of Real Estate Heldforinvestment

ProceedsFromSaleOfRealEstateHeldforinvestment

72953000

USD

CY2015

us-gaap

Proceeds From Sale Of Real Estate Heldforinvestment

ProceedsFromSaleOfRealEstateHeldforinvestment

98558000

USD

CY2014

us-gaap

Proceeds From Sale Of Real Estate Heldforinvestment

ProceedsFromSaleOfRealEstateHeldforinvestment

123444000

USD

CY2016

us-gaap

Net Cash Provided By Used In Investing Activities Continuing Operations

NetCashProvidedByUsedInInvestingActivitiesContinuingOperations

-25414000

USD

CY2015

us-gaap

Net Cash Provided By Used In Investing Activities Continuing Operations

NetCashProvidedByUsedInInvestingActivitiesContinuingOperations

-29847000

USD

CY2014

us-gaap

Net Cash Provided By Used In Investing Activities Continuing Operations

NetCashProvidedByUsedInInvestingActivitiesContinuingOperations

-2369464000

USD

CY2016

us-gaap

Payments Of Financing Costs

PaymentsOfFinancingCosts

5927000

USD

CY2015

us-gaap

Payments Of Financing Costs

PaymentsOfFinancingCosts

2330000

USD

CY2014

us-gaap

Payments Of Financing Costs

PaymentsOfFinancingCosts

9863000

USD

CY2016

ladr

Proceedsfrom Borrowing Under Debt Obligations

ProceedsfromBorrowingUnderDebtObligations

12359830000

USD

CY2015

ladr

Proceedsfrom Borrowing Under Debt Obligations

ProceedsfromBorrowingUnderDebtObligations

16280023000

USD

CY2014

ladr

Proceedsfrom Borrowing Under Debt Obligations

ProceedsfromBorrowingUnderDebtObligations

16885636000

USD

CY2016

ladr

Repaymentsof Borrowings Under Debt Obligations

RepaymentsofBorrowingsUnderDebtObligations

12689064000

USD

CY2015

ladr

Repaymentsof Borrowings Under Debt Obligations

RepaymentsofBorrowingsUnderDebtObligations

16137339000

USD

CY2014

ladr

Repaymentsof Borrowings Under Debt Obligations

RepaymentsofBorrowingsUnderDebtObligations

14907233000

USD

CY2016

us-gaap

Payments Of Ordinary Dividends

PaymentsOfOrdinaryDividends

67166000

USD

CY2015

us-gaap

Payments Of Ordinary Dividends

PaymentsOfOrdinaryDividends

39934000

USD

CY2014

us-gaap

Payments Of Ordinary Dividends

PaymentsOfOrdinaryDividends

0

USD

CY2016

us-gaap

Distribution Made To Limited Partner Cash Distributions Paid

DistributionMadeToLimitedPartnerCashDistributionsPaid

0

USD

CY2015

us-gaap

Distribution Made To Limited Partner Cash Distributions Paid

DistributionMadeToLimitedPartnerCashDistributionsPaid

0

USD

CY2014

us-gaap

Distribution Made To Limited Partner Cash Distributions Paid

DistributionMadeToLimitedPartnerCashDistributionsPaid

369000

USD

CY2016

us-gaap

Payments Related To Tax Withholding For Share Based Compensation

PaymentsRelatedToTaxWithholdingForShareBasedCompensation

786000

USD

CY2015

us-gaap

Payments Related To Tax Withholding For Share Based Compensation

PaymentsRelatedToTaxWithholdingForShareBasedCompensation

4897000

USD

CY2014

us-gaap

Payments Related To Tax Withholding For Share Based Compensation

PaymentsRelatedToTaxWithholdingForShareBasedCompensation

125000

USD

CY2016

us-gaap

Payments For Repurchase Of Common Stock

PaymentsForRepurchaseOfCommonStock

4652000

USD

CY2015

us-gaap

Payments For Repurchase Of Common Stock

PaymentsForRepurchaseOfCommonStock

994000

USD

CY2014

us-gaap

Payments For Repurchase Of Common Stock

PaymentsForRepurchaseOfCommonStock

0

USD

CY2016

us-gaap

Proceeds From Issuance Of Common Stock

ProceedsFromIssuanceOfCommonStock

0

USD

CY2015

us-gaap

Proceeds From Issuance Of Common Stock

ProceedsFromIssuanceOfCommonStock

0

USD

CY2014

us-gaap

Proceeds From Issuance Of Common Stock

ProceedsFromIssuanceOfCommonStock

259037000

USD

CY2016

us-gaap

Payments Of Stock Issuance Costs

PaymentsOfStockIssuanceCosts

0

USD

CY2015

us-gaap

Payments Of Stock Issuance Costs

PaymentsOfStockIssuanceCosts

0

USD

CY2014

us-gaap

Payments Of Stock Issuance Costs

PaymentsOfStockIssuanceCosts

20523000

USD

CY2016

us-gaap

Net Cash Provided By Used In Financing Activities Continuing Operations

NetCashProvidedByUsedInFinancingActivitiesContinuingOperations

-448077000

USD

CY2015

us-gaap

Net Cash Provided By Used In Financing Activities Continuing Operations

NetCashProvidedByUsedInFinancingActivitiesContinuingOperations

22000000

USD

CY2014

us-gaap

Net Cash Provided By Used In Financing Activities Continuing Operations

NetCashProvidedByUsedInFinancingActivitiesContinuingOperations

2158268000

USD

CY2016

us-gaap

Net Cash Provided By Used In Continuing Operations

NetCashProvidedByUsedInContinuingOperations

-64344000

USD

CY2015

us-gaap

Net Cash Provided By Used In Continuing Operations

NetCashProvidedByUsedInContinuingOperations

32741000

USD

CY2014

us-gaap

Net Cash Provided By Used In Continuing Operations

NetCashProvidedByUsedInContinuingOperations

-2524000

USD

CY2015Q4

us-gaap

Cash And Cash Equivalents At Carrying Value

CashAndCashEquivalentsAtCarryingValue

108959000

USD

CY2014Q4

us-gaap

Cash And Cash Equivalents At Carrying Value

CashAndCashEquivalentsAtCarryingValue

76218000

USD

CY2013Q4

us-gaap

Cash And Cash Equivalents At Carrying Value

CashAndCashEquivalentsAtCarryingValue

78742000

USD

CY2016Q4

us-gaap

Cash And Cash Equivalents At Carrying Value

CashAndCashEquivalentsAtCarryingValue

44615000

USD

CY2015Q4

us-gaap

Cash And Cash Equivalents At Carrying Value

CashAndCashEquivalentsAtCarryingValue

108959000

USD

CY2014Q4

us-gaap

Cash And Cash Equivalents At Carrying Value

CashAndCashEquivalentsAtCarryingValue

76218000

USD

CY2016

us-gaap

Interest Paid

InterestPaid

115246000

USD

CY2015

us-gaap

Interest Paid

InterestPaid

107362000

USD

CY2014

us-gaap

Interest Paid

InterestPaid

63171000

USD

CY2016

us-gaap

Income Taxes Paid

IncomeTaxesPaid

8775000

USD

CY2015

us-gaap

Income Taxes Paid

IncomeTaxesPaid

7306000

USD

CY2014

us-gaap

Income Taxes Paid

IncomeTaxesPaid

45981000

USD

CY2016

ladr

Other Significant Noncash Transaction Securitiesand Derivatives Purchased

OtherSignificantNoncashTransactionSecuritiesandDerivativesPurchased

394000

USD

CY2015

ladr

Other Significant Noncash Transaction Securitiesand Derivatives Purchased

OtherSignificantNoncashTransactionSecuritiesandDerivativesPurchased

0

USD

CY2014

ladr

Other Significant Noncash Transaction Securitiesand Derivatives Purchased

OtherSignificantNoncashTransactionSecuritiesandDerivativesPurchased

0

USD

CY2016

ladr

Other Significant Noncash Transaction Securities Sold

OtherSignificantNoncashTransactionSecuritiesSold

0

USD

CY2015

ladr

Other Significant Noncash Transaction Securities Sold

OtherSignificantNoncashTransactionSecuritiesSold

4000

USD

CY2014

ladr

Other Significant Noncash Transaction Securities Sold

OtherSignificantNoncashTransactionSecuritiesSold

3000

USD

CY2016

ladr

Transfer To Other Real Estatefrom Business Acquisitions

TransferToOtherRealEstatefromBusinessAcquisitions

0

USD

CY2015

ladr

Originationof Mortgage Loans Receivable Heldfor Investment

OriginationofMortgageLoansReceivableHeldforInvestment

0

USD

CY2014

ladr

Originationof Mortgage Loans Receivable Heldfor Investment

OriginationofMortgageLoansReceivableHeldforInvestment

0

USD

CY2016

ladr

Repaymentof Mortgage Loans Receivable Heldfor Investment

RepaymentofMortgageLoansReceivableHeldforInvestment

70678000

USD

CY2015

ladr

Repaymentof Mortgage Loans Receivable Heldfor Investment

RepaymentofMortgageLoansReceivableHeldforInvestment

0

USD

CY2014

ladr

Repaymentof Mortgage Loans Receivable Heldfor Investment

RepaymentofMortgageLoansReceivableHeldforInvestment

0

USD

CY2016

ladr

Noncash Settlementof Loans Via Foreclosure

NoncashSettlementofLoansViaForeclosure

0

USD

CY2015

ladr

Noncash Settlementof Loans Via Foreclosure

NoncashSettlementofLoansViaForeclosure

4620000

USD

CY2014

ladr

Noncash Settlementof Loans Via Foreclosure

NoncashSettlementofLoansViaForeclosure

0

USD

CY2016

us-gaap

Transfer To Other Real Estate

TransferToOtherRealEstate

0

USD

CY2015

us-gaap

Transfer To Other Real Estate

TransferToOtherRealEstate

15249000

USD

CY2014

us-gaap

Transfer To Other Real Estate

TransferToOtherRealEstate

0

USD

CY2016

us-gaap

Transfer Of Other Real Estate

TransferOfOtherRealEstate

0

USD

CY2015

us-gaap

Transfer Of Other Real Estate

TransferOfOtherRealEstate

62093000

USD

CY2014

us-gaap

Transfer Of Other Real Estate

TransferOfOtherRealEstate

0

USD

CY2016

ladr

Real Estate Exchange Amount Receivable From Intermediary

RealEstateExchangeAmountReceivableFromIntermediary

0

USD

CY2015

ladr

Real Estate Exchange Amount Receivable From Intermediary

RealEstateExchangeAmountReceivableFromIntermediary

6483000

USD

CY2014

ladr

Real Estate Exchange Amount Receivable From Intermediary

RealEstateExchangeAmountReceivableFromIntermediary

0

USD

CY2015

ladr

Transfer To Other Real Estatefrom Business Acquisitions

TransferToOtherRealEstatefromBusinessAcquisitions

6700000

USD

CY2014

ladr

Transfer To Other Real Estatefrom Business Acquisitions

TransferToOtherRealEstatefromBusinessAcquisitions

0

USD

CY2016

ladr

Settlementof Saleof Real Estate Net Noncash Losson Settlement

SettlementofSaleofRealEstateNetNoncashLossonSettlement

0

USD

CY2015

ladr

Settlementof Saleof Real Estate Net Noncash Losson Settlement

SettlementofSaleofRealEstateNetNoncashLossonSettlement

11310000

USD

CY2014

ladr

Settlementof Saleof Real Estate Net Noncash Losson Settlement

SettlementofSaleofRealEstateNetNoncashLossonSettlement

0

USD

CY2016

ladr

Settlementof Saleof Real Estate Net

SettlementofSaleofRealEstateNet

0

USD

CY2015

ladr

Settlementof Saleof Real Estate Net

SettlementofSaleofRealEstateNet

51060000

USD

CY2014

ladr

Settlementof Saleof Real Estate Net

SettlementofSaleofRealEstateNet

0

USD

CY2016

ladr

Exchange Of Noncontrolling Interest For Common Stock

ExchangeOfNoncontrollingInterestForCommonStock

145841000

USD

CY2015

ladr

Exchange Of Noncontrolling Interest For Common Stock

ExchangeOfNoncontrollingInterestForCommonStock

53659000

USD

CY2014

ladr

Exchange Of Noncontrolling Interest For Common Stock

ExchangeOfNoncontrollingInterestForCommonStock

0

USD

CY2016

ladr

Deferred Tax Asset Tax Receivable Agreement Increase Decrease

DeferredTaxAssetTaxReceivableAgreementIncreaseDecrease

980000

USD

CY2015

ladr

Deferred Tax Asset Tax Receivable Agreement Increase Decrease

DeferredTaxAssetTaxReceivableAgreementIncreaseDecrease

-320000

USD

CY2014

ladr

Deferred Tax Asset Tax Receivable Agreement Increase Decrease

DeferredTaxAssetTaxReceivableAgreementIncreaseDecrease

1014000

USD

CY2016

ladr

Dividends Declared Notpaid

DividendsDeclaredNotpaid

23364000

USD

CY2015

ladr

Dividends Declared Notpaid

DividendsDeclaredNotpaid

17456000

USD

CY2014

ladr

Dividends Declared Notpaid

DividendsDeclaredNotpaid

0

USD

CY2016

us-gaap

Dividends Stock

DividendsStock

64100000

USD

CY2015

us-gaap

Dividends Stock

DividendsStock

0

USD

CY2014

us-gaap

Dividends Stock

DividendsStock

0

USD

CY2016

ladr

Proceedsfrom Saleof Real Estate Heldforinvestment Relatedto Salesfrom Prior Years

ProceedsfromSaleofRealEstateHeldforinvestmentRelatedtoSalesfromPriorYears

6500000

USD

CY2014Q1

ladr

Number Of Classes Of Membership Interests Prior To Reorganization Transactions

NumberOfClassesOfMembershipInterestsPriorToReorganizationTransactions

3

Class_of_Stock

CY2014Q1

us-gaap

Share Price

SharePrice

17.00

CY2016Q4

ladr

Real Estate Investment Trust Ownership Restriction Percentageof Outstanding Capital Stock

RealEstateInvestmentTrustOwnershipRestrictionPercentageofOutstandingCapitalStock

0.098

CY2016Q4

ladr

Real Estate Investment Trust Ownership Restriction Percentageof Outstanding Capital Stock

RealEstateInvestmentTrustOwnershipRestrictionPercentageofOutstandingCapitalStock

0.098

ladr

Percentage Of Applicable Cash Saving In Income Tax Distributable To Specified Unitholders

PercentageOfApplicableCashSavingInIncomeTaxDistributableToSpecifiedUnitholders

0.85

ladr

Percentage Of Applicable Cash Saving In Income Tax Available For Entity

PercentageOfApplicableCashSavingInIncomeTaxAvailableForEntity

0.15

CY2016

us-gaap

Use Of Estimates

UseOfEstimates

Use of Estimates<div style="line-height:120%;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of the combined consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the balance sheets and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically, and the effects of resulting changes are reflected in the combined consolidated financial statements in the period the changes are deemed to be necessary. Significant estimates made in the accompanying combined consolidated financial statements include, but are not limited to the following:</span></div><div style="line-height:120%;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><span style="font-family:inherit;font-size:12pt;font-weight:bold;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:12pt;"><span style="font-family:inherit;font-size:10pt;">valuation of real estate securities;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><span style="font-family:inherit;font-size:12pt;font-weight:bold;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:12pt;"><span style="font-family:inherit;font-size:10pt;">allocation of purchase price for acquired real estate;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><span style="font-family:inherit;font-size:12pt;font-weight:bold;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:12pt;"><span style="font-family:inherit;font-size:10pt;">impairment, and useful lives, of real estate;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><span style="font-family:inherit;font-size:12pt;font-weight:bold;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:12pt;"><span style="font-family:inherit;font-size:10pt;">useful lives of intangible assets;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><span style="font-family:inherit;font-size:12pt;font-weight:bold;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:12pt;"><span style="font-family:inherit;font-size:10pt;">valuation of derivative instruments;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><span style="font-family:inherit;font-size:12pt;font-weight:bold;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:12pt;"><span style="font-family:inherit;font-size:10pt;">valuation of deferred tax asset;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><span style="font-family:inherit;font-size:12pt;font-weight:bold;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:12pt;"><span style="font-family:inherit;font-size:10pt;">amounts payable pursuant to the Tax Receivable Agreement;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><span style="font-family:inherit;font-size:12pt;font-weight:bold;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:12pt;"><span style="font-family:inherit;font-size:10pt;">determination of effective yield for recognition of interest income;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><span style="font-family:inherit;font-size:12pt;font-weight:bold;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:12pt;"><span style="font-family:inherit;font-size:10pt;">adequacy of provision for loan losses;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><span style="font-family:inherit;font-size:12pt;font-weight:bold;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:12pt;"><span style="font-family:inherit;font-size:10pt;">determination of other than temporary impairment of real estate securities and investments in unconsolidated joint ventures;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><span style="font-family:inherit;font-size:12pt;font-weight:bold;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:12pt;"><span style="font-family:inherit;font-size:10pt;">certain estimates and assumptions used in the accrual of incentive compensation and calculation of the fair value of equity compensation issued to employees;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><span style="font-family:inherit;font-size:12pt;font-weight:bold;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:12pt;"><span style="font-family:inherit;font-size:10pt;">determination of the effective tax rate for income tax provision; and</span></div></td></tr></table><div style="line-height:120%;font-size:12pt;padding-left:48px;"><span style="font-family:inherit;font-size:12pt;font-weight:bold;">•</span></div>certain estimates and assumptions used in the allocation of revenue and expenses for our segment reporting.

CY2016Q4

us-gaap

Cash Fdic Insured Amount

CashFDICInsuredAmount

250000

USD

CY2016Q4

ladr

Number Of Mortgage Loans Individually Impaired

NumberOfMortgageLoansIndividuallyImpaired

0

number_mortgage_loans_impaired

CY2016

ladr

Expected Term For Completion Of Disposal

ExpectedTermForCompletionOfDisposal

P1Y

CY2016

us-gaap

Property Plant And Equipment Impairment

PropertyPlantAndEquipmentImpairment

Impairment of Property Held for Use <div style="line-height:120%;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div>On a periodic basis, management assesses whether there are any indicators that the value of the Company’s properties classified as held for use may be impaired. In addition to identifying any specific circumstances which may affect a property or properties, management considers other criteria for determining which properties may require assessment for potential impairment. The criteria considered by management include reviewing low leased percentages, significant near-term lease expirations, recently acquired properties, current and historical operating and/or cash flow losses, near-term mortgage debt maturities or other factors that might impact the Company’s intent and ability to hold the property. A property’s value is impaired only if management’s estimate of the aggregate future cash flows (undiscounted and without debt service charges) to be generated by the property is less than the carrying value of the property. To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount of the property over the fair value of the property. The Company’s estimates of aggregate future cash flows expected to be generated by each property are based on a number of assumptions. These assumptions are generally based on management’s experience in its local real estate markets and the effects of current market conditions. The assumptions are subject to economic and market uncertainties including, among others, demand for space, competition for tenants, changes in market rental rates, and costs to operate each property. As these factors are difficult to predict and are subject to future events that may alter management’s assumptions, the future cash flows estimated by management in its impairment analyses may not be achieved, and actual losses or impairments may be realized in the future.

CY2016

ladr

Percentage Of Applicable Cash Saving In Income Tax Distributable To Specified Unitholders

PercentageOfApplicableCashSavingInIncomeTaxDistributableToSpecifiedUnitholders

0.85

CY2016

ladr

Percentage Of Applicable Cash Saving In Income Tax Available For Entity

PercentageOfApplicableCashSavingInIncomeTaxAvailableForEntity

0.15

CY2016Q4

ladr

Percentageof Commercial Mortgage Backed Securitieswith Below Aa Rating

PercentageofCommercialMortgageBackedSecuritieswithBelowAARating

0.026

CY2016

us-gaap

Revenue Recognition Leases Operating

RevenueRecognitionLeasesOperating

Recognition of Operating Lease Income and Tenant Recoveries <div style="line-height:120%;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating lease income is recognized on a straight-line basis over the respective lease terms. We classify amounts currently recognized as income, and expected to be received in later years, as assets in other assets in the accompanying combined consolidated balance sheets. Amounts received currently, but recognized as income in future years, are classified in other liabilities in the accompanying combined consolidated balance sheets. We commence recognition of operating lease income at the date the property is ready for its intended use and the tenant takes possession of or controls the physical use of the property. </span></div><div style="line-height:120%;padding-left:36px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Tenant recoveries related to reimbursement of real estate taxes, insurance, utilities, repairs and maintenance, and other operating expenses are recognized as revenue in the period during which the applicable expenses are incurred. </span></div><br/>

CY2016

us-gaap

Revenue Recognition Services Management Fees

RevenueRecognitionServicesManagementFees

Fee and Other Income<div style="line-height:120%;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">Fee and other income is composed of income from the management of our institutional partnership and managed accounts, dividend income on our investment in FHLB stock, as well as from origination fees, exit fees and other fees on the loans we originate and in which we invest. For the </span><span style="font-family:inherit;font-size:10pt;">year ended</span> December 31, 2015, it also includes a gain on the disposition of a loan, that was not originated by the Company, through foreclosure of real estate. Such foreclosed loan was credit impaired at the time of acquisition, which was reflected in Ladder’s purchase price.

CY2016Q4

ladr

Mortgage Loans On Real Estate Face Amount Of Mortgages Balance Sheet Date

MortgageLoansOnRealEstateFaceAmountOfMortgagesBalanceSheetDate

2371827000

USD

CY2016Q4

us-gaap

Mortgage Loans On Real Estate Commercial And Consumer Net

MortgageLoansOnRealEstateCommercialAndConsumerNet

2353977000

USD

CY2016

us-gaap

Mortgage Loans On Real Estate Interest Rate

MortgageLoansOnRealEstateInterestRate

0.0673

CY2016

ladr

Mortgage Loans On Real Estate Remaining Maturity

MortgageLoansOnRealEstateRemainingMaturity

P2Y1M6D

CY2016Q4

us-gaap

Loans Receivable With Fixed Rates Of Interest1

LoansReceivableWithFixedRatesOfInterest1

205400000

USD

CY2016Q4

ladr

Loans Receivablewith Fixed Ratesof Interest Percentage

LoansReceivablewithFixedRatesofInterestPercentage

0.103

CY2015Q4

ladr

Mortgage Loans On Real Estate Face Amount Of Mortgages Balance Sheet Date

MortgageLoansOnRealEstateFaceAmountOfMortgagesBalanceSheetDate

2321194000

USD

CY2015Q4

us-gaap

Mortgage Loans On Real Estate Commercial And Consumer Net

MortgageLoansOnRealEstateCommercialAndConsumerNet

2310409000

USD

CY2015

us-gaap

Mortgage Loans On Real Estate Interest Rate

MortgageLoansOnRealEstateInterestRate

0.0683

CY2015

ladr

Mortgage Loans On Real Estate Remaining Maturity

MortgageLoansOnRealEstateRemainingMaturity

P2Y6M29D

CY2015Q4

us-gaap

Loans Receivable With Fixed Rates Of Interest1

LoansReceivableWithFixedRatesOfInterest1

343200000

USD

CY2015Q4

ladr

Loans Receivablewith Fixed Ratesof Interest Percentage

LoansReceivablewithFixedRatesofInterestPercentage

0.197

CY2016Q4

us-gaap

Allowance For Loan And Lease Losses Real Estate

AllowanceForLoanAndLeaseLossesRealEstate

4000000

USD

CY2015Q4

us-gaap

Allowance For Loan And Lease Losses Real Estate

AllowanceForLoanAndLeaseLossesRealEstate

3700000

USD

CY2016Q4

ladr

Mortgage Loans On Real Estate Face Amount Of Mortgages Balance Sheet Date

MortgageLoansOnRealEstateFaceAmountOfMortgagesBalanceSheetDate

2371827000

USD

CY2016Q4

us-gaap

Mortgage Loans On Real Estate Commercial And Consumer Net

MortgageLoansOnRealEstateCommercialAndConsumerNet

2353977000

USD

CY2015Q4

ladr

Mortgage Loans On Real Estate Face Amount Of Mortgages Balance Sheet Date

MortgageLoansOnRealEstateFaceAmountOfMortgagesBalanceSheetDate

2321194000

USD

CY2015Q4

us-gaap

Mortgage Loans On Real Estate Commercial And Consumer Net

MortgageLoansOnRealEstateCommercialAndConsumerNet

2310409000

USD

CY2016

ladr

Originationof Mortgage Loans Receivable Heldfor Investment

OriginationofMortgageLoansReceivableHeldforInvestment

50400000

USD

CY2016Q4

us-gaap

Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums

UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums

600000

USD

CY2015Q4

us-gaap

Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums

UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums

700000

USD

CY2016Q4

ladr

Number Of Mortgage Loans Individually Impaired

NumberOfMortgageLoansIndividuallyImpaired

0

loan

CY2015Q4

us-gaap

Allowance For Loan And Lease Losses Real Estate

AllowanceForLoanAndLeaseLossesRealEstate

3700000

USD

CY2014Q4

us-gaap

Allowance For Loan And Lease Losses Real Estate

AllowanceForLoanAndLeaseLossesRealEstate

3100000

USD

CY2013Q4

us-gaap

Allowance For Loan And Lease Losses Real Estate

AllowanceForLoanAndLeaseLossesRealEstate

2500000

USD

CY2016

us-gaap

Allowance For Loan And Lease Losses Period Increase Decrease

AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease

300000

USD

CY2015

us-gaap

Allowance For Loan And Lease Losses Period Increase Decrease

AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease

600000

USD

CY2014

us-gaap

Allowance For Loan And Lease Losses Period Increase Decrease

AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease

600000

USD

CY2016Q4

us-gaap

Allowance For Loan And Lease Losses Real Estate

AllowanceForLoanAndLeaseLossesRealEstate

4000000

USD

CY2015Q4

us-gaap

Allowance For Loan And Lease Losses Real Estate

AllowanceForLoanAndLeaseLossesRealEstate

3700000

USD

CY2014Q4

us-gaap

Allowance For Loan And Lease Losses Real Estate

AllowanceForLoanAndLeaseLossesRealEstate

3100000

USD

CY2016Q4

us-gaap

Investment Owned Underlying Face Amount At Market Value

InvestmentOwnedUnderlyingFaceAmountAtMarketValue

10354816000

USD

CY2016Q4

us-gaap

Available For Sale Securities Amortized Cost

AvailableForSaleSecuritiesAmortizedCost

2100994000

USD

CY2016Q4

us-gaap

Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax

AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax

13194000

USD

CY2016Q4

us-gaap

Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax

AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax

13241000

USD

CY2016Q4

us-gaap

Available For Sale Securities

AvailableForSaleSecurities

2100947000

USD

CY2016Q4

ladr

Available For Sale Securities Number Of Securities

AvailableForSaleSecuritiesNumberOfSecurities

219

securities

CY2016Q4

ladr

Available For Sale Securities Weighted Average Coupon Percentage

AvailableForSaleSecuritiesWeightedAverageCouponPercentage

0.0127

CY2016Q4

ladr

Available For Sale Securities Weighted Average Yield Percentage

AvailableForSaleSecuritiesWeightedAverageYieldPercentage

0.0294

CY2016

ladr

Available For Sale Securities Remaining Maturity Period

AvailableForSaleSecuritiesRemainingMaturityPeriod

P3Y7M6D

CY2015Q4

us-gaap

Investment Owned Underlying Face Amount At Market Value

InvestmentOwnedUnderlyingFaceAmountAtMarketValue

10084386000

USD

CY2015Q4

us-gaap

Available For Sale Securities Amortized Cost

AvailableForSaleSecuritiesAmortizedCost

2415727000

USD

CY2015Q4

us-gaap

Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax

AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax

6936000

USD

CY2015Q4

ladr

Available For Sale Securities Weighted Average Coupon Percentage

AvailableForSaleSecuritiesWeightedAverageCouponPercentage

0.0144

CY2015Q4

us-gaap

Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax

AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax

15446000

USD

CY2015Q4

us-gaap

Available For Sale Securities

AvailableForSaleSecurities

2407217000

USD

CY2015Q4

ladr

Available For Sale Securities Number Of Securities

AvailableForSaleSecuritiesNumberOfSecurities

200

securities

CY2015Q4

us-gaap

Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value

AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue

1260381000

USD

CY2015Q4

us-gaap

Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value

AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue

533604000

USD

CY2015Q4

us-gaap

Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value

AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue

480000

USD

CY2015Q4

us-gaap

Available For Sale Securities

AvailableForSaleSecurities

2407217000

USD

CY2016

us-gaap

Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities

OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities

4700000

USD

CY2015

us-gaap

Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities

OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities

1600000

USD

CY2014

us-gaap

Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities

OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities

3900000

USD

CY2015Q4

ladr

Available For Sale Securities Weighted Average Yield Percentage

AvailableForSaleSecuritiesWeightedAverageYieldPercentage

0.0360

CY2015

ladr

Available For Sale Securities Remaining Maturity Period

AvailableForSaleSecuritiesRemainingMaturityPeriod

P3Y3M14D

CY2016Q4

us-gaap

Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value

AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue

143918000

USD

CY2016Q4

us-gaap

Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value

AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue

1508191000

USD

CY2016Q4

us-gaap

Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value

AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue

441038000

USD

CY2016Q4

us-gaap

Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value

AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue

7800000

USD

CY2016Q4

us-gaap

Available For Sale Securities

AvailableForSaleSecurities

2100947000

USD

CY2015Q4

us-gaap

Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value

AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue

612752000

USD

CY2016Q4

us-gaap

Real Estate Investment Property Accumulated Depreciation

RealEstateInvestmentPropertyAccumulatedDepreciation

122007000

USD

CY2015Q4

us-gaap

Real Estate Investment Property Accumulated Depreciation

RealEstateInvestmentPropertyAccumulatedDepreciation

83056000

USD

CY2016Q4

us-gaap

Real Estate Investment Property Net

RealEstateInvestmentPropertyNet

822338000

USD

CY2015Q4

us-gaap

Real Estate Investment Property Net

RealEstateInvestmentPropertyNet

834779000

USD

CY2016

us-gaap

Depreciation

26031000

USD

CY2015

us-gaap

Depreciation

23922000

USD

CY2014

us-gaap

Depreciation

18034000

USD

CY2016

us-gaap

Amortization Of Deferred Charges

AmortizationOfDeferredCharges

13302000

USD

CY2015

us-gaap

Amortization Of Deferred Charges

AmortizationOfDeferredCharges

15031000

USD

CY2014

us-gaap

Amortization Of Deferred Charges

AmortizationOfDeferredCharges

10238000

USD

CY2016

us-gaap

Depreciation And Amortization

DepreciationAndAmortization

39333000

USD

CY2015

us-gaap

Depreciation And Amortization

DepreciationAndAmortization

38953000

USD

CY2014

us-gaap

Depreciation And Amortization

DepreciationAndAmortization

28272000

USD

CY2016

ladr

Depreciation On Corporate Fixed Assets

DepreciationOnCorporateFixedAssets

100000

USD

CY2015

ladr

Depreciation On Corporate Fixed Assets

DepreciationOnCorporateFixedAssets

100000

USD

CY2014

ladr

Depreciation On Corporate Fixed Assets

DepreciationOnCorporateFixedAssets

200000

USD

CY2016Q4

us-gaap

Finite Lived Intangible Assets Gross

FiniteLivedIntangibleAssetsGross

154700000

USD

CY2016Q4

us-gaap

Finite Lived Intangible Assets Accumulated Amortization

FiniteLivedIntangibleAssetsAccumulatedAmortization

48100000

USD

CY2016Q4

us-gaap

Finite Lived Intangible Assets Net

FiniteLivedIntangibleAssetsNet

106600000

USD

CY2016Q4

ladr

Favorable Unfavorable Lease Intangibles

FavorableUnfavorableLeaseIntangibles

7000000.0

USD

CY2015Q4

us-gaap

Finite Lived Intangible Assets Gross

FiniteLivedIntangibleAssetsGross

139500000

USD

CY2015Q4

us-gaap

Finite Lived Intangible Assets Accumulated Amortization

FiniteLivedIntangibleAssetsAccumulatedAmortization

32700000

USD

CY2015Q4

us-gaap

Finite Lived Intangible Assets Net

FiniteLivedIntangibleAssetsNet

106800000

USD

CY2015Q4

ladr

Favorable Unfavorable Lease Intangibles

FavorableUnfavorableLeaseIntangibles

6500000

USD

CY2016

us-gaap

Amortization Of Below Market Lease

AmortizationOfBelowMarketLease

1400000

USD

CY2015

us-gaap

Amortization Of Below Market Lease

AmortizationOfBelowMarketLease

1800000

USD

CY2014

us-gaap

Amortization Of Below Market Lease

AmortizationOfBelowMarketLease

900000

USD

CY2016Q4

ladr

Unbilled Rent Receivables

UnbilledRentReceivables

700000

USD

CY2015Q4

ladr

Unbilled Rent Receivables

UnbilledRentReceivables

5000000.0

USD

CY2016Q4

ladr

Real Estates Unencumbered

RealEstatesUnencumbered

70300000

USD

CY2015Q4

ladr

Real Estates Unencumbered

RealEstatesUnencumbered

47800000

USD

CY2016Q4

us-gaap

Operating Leases Future Minimum Payments Receivable Current

OperatingLeasesFutureMinimumPaymentsReceivableCurrent

73960000

USD

CY2016Q4

us-gaap

Operating Leases Future Minimum Payments Receivable In Two Years

OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears

68757000

USD

CY2015

us-gaap

Net Income Loss Available To Common Stockholders Basic

NetIncomeLossAvailableToCommonStockholdersBasic

73821000

USD

CY2014

us-gaap

Operating Leases Income Statement Lease Revenue

OperatingLeasesIncomeStatementLeaseRevenue

56649000

USD

CY2014

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

97626000

USD

CY2014

us-gaap

Net Income Loss Attributable To Noncontrolling Interest

NetIncomeLossAttributableToNoncontrollingInterest

-370000

USD

CY2014

ladr

Income Loss Attributable To Predecessor Unit Holders

IncomeLossAttributableToPredecessorUnitHolders

12628000

USD

CY2014Q4

us-gaap

Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land

BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand

41908000

USD

CY2014Q4

us-gaap

Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings

BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings

168714000

USD

CY2014Q4

us-gaap

Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles

BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles

48819000

USD

CY2014Q4

ladr

Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Finite Lived Intangibles Below Market Leases

BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedFiniteLivedIntangiblesBelowMarketLeases

4944000

USD

CY2016Q4

us-gaap

Operating Leases Future Minimum Payments Receivable In Three Years

OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears

63666000

USD

CY2016Q4

us-gaap

Operating Leases Future Minimum Payments Receivable In Four Years

OperatingLeasesFutureMinimumPaymentsReceivableInFourYears

61789000

USD

CY2016Q4

us-gaap

Operating Leases Future Minimum Payments Receivable In Five Years

OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears

56929000

USD

CY2016Q4

us-gaap

Operating Leases Future Minimum Payments Receivable Thereafter

OperatingLeasesFutureMinimumPaymentsReceivableThereafter

500481000

USD

CY2016Q4

us-gaap

Operating Leases Future Minimum Payments Receivable

OperatingLeasesFutureMinimumPaymentsReceivable

825582000

USD

CY2016

us-gaap

Business Combination Consideration Transferred1

BusinessCombinationConsiderationTransferred1

62495000

USD

CY2016Q4

us-gaap

Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land

BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand

9242000

USD

CY2016Q4

us-gaap

Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings

BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings

39609000

USD

CY2016Q4

us-gaap

Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles

BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles

15854000

USD

CY2016Q4

ladr

Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Finite Lived Intangibles Below Market Leases

BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedFiniteLivedIntangiblesBelowMarketLeases

2210000

USD

CY2016

us-gaap

Business Combination Consideration Transferred1

BusinessCombinationConsiderationTransferred1

62495000

USD

CY2016

us-gaap

Acquired Finite Lived Intangible Assets Weighted Average Useful Life

AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife

P19Y6M0D

CY2015

ladr

Transfer To Other Real Estatefrom Business Acquisitions

TransferToOtherRealEstatefromBusinessAcquisitions

6700000

USD

CY2015

us-gaap

Business Combination Consideration Transferred1

BusinessCombinationConsiderationTransferred1

219456000

USD

CY2015Q4

us-gaap

Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land

BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand

32260000

USD

CY2015Q4

us-gaap

Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings

BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings

166556000

USD

CY2015Q4

us-gaap

Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles

BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles

32084000

USD

CY2015Q4

ladr

Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Finite Lived Intangibles Below Market Leases

BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedFiniteLivedIntangiblesBelowMarketLeases

11444000

USD

CY2015

us-gaap

Business Combination Consideration Transferred1

BusinessCombinationConsiderationTransferred1

219456000

USD

CY2015

us-gaap

Acquired Finite Lived Intangible Assets Weighted Average Useful Life

AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife

P22Y7M6D

CY2014

us-gaap

Business Combination Consideration Transferred1

BusinessCombinationConsiderationTransferred1

254497000

USD

CY2014

us-gaap

Business Combination Consideration Transferred1

BusinessCombinationConsiderationTransferred1

254497000

USD

CY2014

us-gaap

Acquired Finite Lived Intangible Assets Weighted Average Useful Life

AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife

P17Y1M6D

CY2016

us-gaap

Operating Leases Income Statement Lease Revenue

OperatingLeasesIncomeStatementLeaseRevenue

77277000

USD

CY2016

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

113720000

USD

CY2016

us-gaap

Net Income Loss Attributable To Noncontrolling Interest

NetIncomeLossAttributableToNoncontrollingInterest

-138000

USD

CY2016

us-gaap

Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable

NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable

47131000

USD

CY2016

us-gaap

Net Income Loss Available To Common Stockholders Basic

NetIncomeLossAvailableToCommonStockholdersBasic

66727000

USD

CY2015

us-gaap

Operating Leases Income Statement Lease Revenue

OperatingLeasesIncomeStatementLeaseRevenue

80465000

USD

CY2015

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

146134000

USD

CY2015

us-gaap

Net Income Loss Attributable To Noncontrolling Interest

NetIncomeLossAttributableToNoncontrollingInterest

1568000

USD

CY2015

us-gaap

Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable

NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable

70745000

USD

CY2014

us-gaap

Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable

NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable

66437000

USD

CY2014

us-gaap

Net Income Loss Available To Common Stockholders Basic

NetIncomeLossAvailableToCommonStockholdersBasic

44187000

USD

CY2016Q4

ladr

Numberof Unconsolidated Joint Ventures

NumberofUnconsolidatedJointVentures

1

Joint_Venture

CY2016Q4

us-gaap

Equity Method Investments

EquityMethodInvestments

34025000

USD

CY2015Q4

us-gaap

Equity Method Investments

EquityMethodInvestments

33797000

USD

CY2016

us-gaap

Income Loss From Equity Method Investments

IncomeLossFromEquityMethodInvestments

426000

USD

CY2015

us-gaap

Income Loss From Equity Method Investments

IncomeLossFromEquityMethodInvestments

371000

USD

CY2014

us-gaap

Income Loss From Equity Method Investments

IncomeLossFromEquityMethodInvestments

1990000

USD

CY2016Q4

us-gaap

Equity Method Investment Summarized Financial Information Assets

EquityMethodInvestmentSummarizedFinancialInformationAssets

138298000

USD

CY2015Q4

us-gaap

Equity Method Investment Summarized Financial Information Assets

EquityMethodInvestmentSummarizedFinancialInformationAssets

131214000

USD

CY2016Q4

us-gaap

Equity Method Investment Summarized Financial Information Liabilities

EquityMethodInvestmentSummarizedFinancialInformationLiabilities

94964000

USD

CY2015Q4

us-gaap

Equity Method Investment Summarized Financial Information Liabilities

EquityMethodInvestmentSummarizedFinancialInformationLiabilities

88973000

USD

CY2016Q4

us-gaap

Equity Method Investment Summarized Financial Information Equity

EquityMethodInvestmentSummarizedFinancialInformationEquity

43334000

USD

CY2015Q4

us-gaap

Equity Method Investment Summarized Financial Information Equity

EquityMethodInvestmentSummarizedFinancialInformationEquity

42241000

USD

CY2016

us-gaap

Equity Method Investment Summarized Financial Information Revenue

EquityMethodInvestmentSummarizedFinancialInformationRevenue

17047000

USD

CY2015

us-gaap

Equity Method Investment Summarized Financial Information Revenue

EquityMethodInvestmentSummarizedFinancialInformationRevenue

18886000

USD

CY2014

us-gaap

Equity Method Investment Summarized Financial Information Revenue

EquityMethodInvestmentSummarizedFinancialInformationRevenue

26059000

USD

CY2016

ladr

Equity Method Investment Summarized Financial Information Expenses

EquityMethodInvestmentSummarizedFinancialInformationExpenses

15861000

USD

CY2015

ladr

Equity Method Investment Summarized Financial Information Expenses

EquityMethodInvestmentSummarizedFinancialInformationExpenses

15849000

USD

CY2014

ladr

Equity Method Investment Summarized Financial Information Expenses

EquityMethodInvestmentSummarizedFinancialInformationExpenses

16864000

USD

CY2016

us-gaap

Equity Method Investment Summarized Financial Information Net Income Loss

EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss

1186000

USD

CY2015

us-gaap

Equity Method Investment Summarized Financial Information Net Income Loss

EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss

3037000

USD

CY2014

us-gaap

Equity Method Investment Summarized Financial Information Net Income Loss

EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss

9195000

USD

CY2016

us-gaap

Schedule Of Repurchase Agreements

ScheduleOfRepurchaseAgreements

The details of the Company’s debt obligations at <span style="font-family:inherit;font-size:10pt;">December 31, 2016</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2015</span><span style="font-family:inherit;font-size:10pt;"> are as follows ($ in thousands):</span><div style="line-height:120%;text-align:left;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">December 31, 2016</span><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:left;padding-left:36px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.82926829268293%;border-collapse:collapse;text-align:left;"><tr><td colspan="30"/></tr><tr><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:4%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:4%;"/></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Debt Obligations</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Committed Financing</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Debt Obligations Outstanding</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Committed but Unfunded</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Interest Rate at December 31, 2016(1)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Current Term Maturity</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Remaining Extension Options</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Eligible Collateral</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Carrying Amount of Collateral</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Fair Value of Collateral</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Committed Loan Repurchase Facility</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>600,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>183,604</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>416,396</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 2.45% - 3.27% </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">10/30/2018</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(2)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(3)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>292,628</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>293,618</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Committed Loan Repurchase Facility</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>450,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>184,158</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>265,842</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 2.95% - 3.70% </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">5/24/2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(4)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(3)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>286,848</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>288,267</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Committed Loan Repurchase Facility</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>400,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>100,979</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>299,021</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 2.95% - 3.99%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">4/9/2017</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(5)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(6)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>235,878</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>236,696</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Committed Loan Repurchase Facility</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>100,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>27,132</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>72,868</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 2.90% - 3.13%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">6/28/2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">—</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(3)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>36,166</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>36,410</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Committed Loan Repurchase Facility</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>100,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>71,290</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>28,710</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 2.93% - 3.68%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">8/2/2019</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(7)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(3)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>110,271</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>110,897</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Total Committed Loan Repurchase Facilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,650,000</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>567,163</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,082,837</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>961,791</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>965,888</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Committed Securities Repurchase Facility</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>400,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>228,317</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>171,683</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 1.00% - 2.59% </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">7/1/2018</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(8)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>272,402</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>272,402</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Uncommitted Securities Repurchase Facility</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (9)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>311,705</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (9)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 1.00% - 2.41% </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">1/2017 - 3/2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(8)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>368,638</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>368,638</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Total Repurchase Facilities</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>2,050,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,107,185</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,254,520</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,602,831</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,606,928</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Revolving Credit Facility</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>143,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>25,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>118,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">3.16%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">2/11/2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(10)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (11) </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (11) </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (11) </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Mortgage Loan Financing</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>590,106</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>590,106</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 4.25% - 6.75% </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">2018 - 2026</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(12)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>757,468</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>875,160</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(13)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Borrowings from the FHLB</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,998,931</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,660,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>338,931</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 0.43% - 2.74% </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">2017 - 2024</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(14)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>2,162,779</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>2,167,017</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Senior Unsecured Notes</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>563,872</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>559,847</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(15)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 5.875% - 7.375% </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">2017 - 2021</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (16)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (16)</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (16)</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Total Debt Obligations</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;"><span>5,345,909</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;"><span>3,942,138</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;"><span>1,711,451</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;"><span>4,523,078</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;"><span>4,649,105</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div></div><div style="line-height:120%;padding-left:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:29.268292682926827%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"/></tr><tr><td style="width:100%;"/></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">December 31, 2016</span><span style="font-family:inherit;font-size:9pt;"> LIBOR rates are used to calculate interest rates for floating rate debt.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(2)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>Three</span></span><span style="font-family:inherit;font-size:9pt;"> additional </span><span style="font-family:inherit;font-size:9pt;"><span>12</span></span><span style="font-family:inherit;font-size:9pt;">-month periods at Company’s option. No new advances are permitted after the initial maturity date, or if the lender consents, October 30, 2019, the initial extended maturity date.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(3)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">First mortgage commercial real estate loans. It does not include the real estate collateralizing such loans.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(4)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>Three</span></span><span style="font-family:inherit;font-size:9pt;"> additional </span><span style="font-family:inherit;font-size:9pt;"><span>12</span></span><span style="font-family:inherit;font-size:9pt;">-month periods at Company’s option.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(5)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>Two</span></span><span style="font-family:inherit;font-size:9pt;"> additional </span><span style="font-family:inherit;font-size:9pt;"><span>364</span></span><span style="font-family:inherit;font-size:9pt;">-day periods at Company’s option.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(6)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">First mortgage and mezzanine commercial real estate loans. It does not include the real estate collateralizing such loans.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(7)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>One</span></span><span style="font-family:inherit;font-size:9pt;"> additional </span><span style="font-family:inherit;font-size:9pt;"><span>12</span></span><span style="font-family:inherit;font-size:9pt;">-month extension period and </span><span style="font-family:inherit;font-size:9pt;"><span>two</span></span><span style="font-family:inherit;font-size:9pt;"> additional </span><span style="font-family:inherit;font-size:9pt;"><span>6</span></span><span style="font-family:inherit;font-size:9pt;">-month extension periods at Company’s option.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(8)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Commercial real estate securities. It does not include the real estate collateralizing such securities.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(9)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Represents uncommitted securities repurchase facilities for which there is no committed amount subject to future advances.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(10)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>Two</span></span><span style="font-family:inherit;font-size:9pt;"> additional </span><span style="font-family:inherit;font-size:9pt;"><span>12</span></span><span style="font-family:inherit;font-size:9pt;">-month extension periods at Company’s option.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(11)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">The obligations under the Revolving Credit Facility are guaranteed by the Company and certain of its subsidiaries and secured by equity pledges in certain Company subsidiaries.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(12)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Real estate.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(13)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Using undepreciated carrying value of commercial real estate to approximate fair value.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(14)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">First mortgage commercial real estate loans and investment grade commercial real estate securities. It does not include the real estate collateralizing such loans and securities.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(15)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Presented net of unamortized debt issuance costs of </span><span style="font-family:inherit;font-size:9pt;"><span>$4.0 million</span></span><span style="font-family:inherit;font-size:9pt;"> at </span><span style="font-family:inherit;font-size:9pt;">December 31, 2016</span><span style="font-family:inherit;font-size:9pt;">.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(16)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">The obligations under the senior unsecured notes are guaranteed by the Company and certain of its subsidiaries.</span></div></td></tr></table><div style="line-height:120%;padding-left:78px;text-indent:-42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;padding-left:78px;text-indent:-42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">December 31, 2015</span></div><div style="line-height:120%;text-align:left;padding-left:36px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.82926829268293%;border-collapse:collapse;text-align:left;"><tr><td colspan="30"/></tr><tr><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:4%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:4%;"/></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Debt Obligations</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Committed Financing</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Debt Obligations Outstanding</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Committed but Unfunded</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Interest Rate at December 31, 2015(1)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Current Term Maturity</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Remaining Extension Options</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Eligible Collateral</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Carrying Amount of Collateral</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Fair Value of Collateral</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Committed Loan Repurchase Facility</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>600,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>229,533</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>370,467</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 2.08% - 2.93% </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">10/30/2016</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(2)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(3)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>364,978</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>366,676</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Committed Loan Repurchase Facility</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>400,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>204,262</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>195,738</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 2.44% - 4.33% </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">4/10/2016</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(4)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(5)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>299,714</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>342,307</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(6)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Committed Loan Repurchase Facility</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>450,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>269,779</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>180,221</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 2.58% - 4.33% </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">5/24/2016</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(2)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(3)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>436,901</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>466,640</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(7)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Committed Loan Repurchase Facility</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>35,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>575</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>34,425</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">3.02%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">10/24/2016</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(8)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(9)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>794</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(10)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Total Committed Loan Repurchase Facilities</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,485,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>704,149</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>780,851</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,101,593</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,176,417</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Committed Securities Repurchase Facility</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>161,887</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>138,113</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 0.88% - 1.34% </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">10/31/2016</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(11)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>193,530</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>193,530</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Uncommitted Securities Repurchase Facility</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (12)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>394,719</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (6)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 0.73% - 2.02% </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">1/2016</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(11)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>458,615</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>458,615</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Total Repurchase Facilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,785,000</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,260,755</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>918,964</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,753,738</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,828,562</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Borrowings Under Credit Agreement</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>50,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>50,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">1/24/2016</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(13)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Revolving Credit Facility</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>75,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>75,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">2/11/2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(2)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (14) </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (14) </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (14) </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Mortgage Loan Financing</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>544,663</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>544,663</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 4.25% - 6.75% </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">2018 - 2025</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(15)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>711,090</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>788,369</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Borrowings from the FHLB</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>2,237,113</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>1,856,700</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>380,413</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 0.28% - 2.74% </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">2016 - 2024</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(13)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>2,317,534</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>2,323,765</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">Senior Unsecured Notes</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>619,555</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>612,605</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">(16)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> 5.875% - 7.375% </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;">2017 -2021</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (17)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (17)</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;"> N/A (17)</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Total Debt Obligations</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;"><span>5,311,331</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;"><span>4,274,723</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;"><span>1,424,377</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;"><span>4,782,362</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;"><span>4,940,696</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div></div><div style="line-height:120%;padding-left:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:29.268292682926827%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"/></tr><tr><td style="width:100%;"/></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">December 31, 2015</span><span style="font-family:inherit;font-size:9pt;"> LIBOR rates are used to calculate interest rates for floating rate debt.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(2)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>Two</span></span><span style="font-family:inherit;font-size:9pt;"> additional </span><span style="font-family:inherit;font-size:9pt;"><span>12</span></span><span style="font-family:inherit;font-size:9pt;">-month periods at Company’s option.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(3)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">First mortgage commercial real estate loans. It does not include the real estate collateralizing such loans.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(4)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>Two</span></span><span style="font-family:inherit;font-size:9pt;"> additional </span><span style="font-family:inherit;font-size:9pt;"><span>364</span></span><span style="font-family:inherit;font-size:9pt;">-day periods at Company’s option.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(5)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">First mortgage and mezzanine commercial real estate loans. It does not include the real estate collateralizing such loans.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(6)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Includes </span><span style="font-family:inherit;font-size:9pt;"><span>$36.5 million</span></span><span style="font-family:inherit;font-size:9pt;"> of loans made to consolidated subsidiaries.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(7)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Includes </span><span style="font-family:inherit;font-size:9pt;"><span>$28.2 million</span></span><span style="font-family:inherit;font-size:9pt;"> of loans made to consolidated subsidiaries.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(8)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>Two</span></span><span style="font-family:inherit;font-size:9pt;"> </span><span style="font-family:inherit;font-size:9pt;"><span>6</span></span><span style="font-family:inherit;font-size:9pt;">-month extension periods.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(9)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">First mortgage commercial real estate loans held for sale. It does not include the real estate collateralizing such loans.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(10)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Includes </span><span style="font-family:inherit;font-size:9pt;"><span>$0.8 million</span></span><span style="font-family:inherit;font-size:9pt;"> of loans made to consolidated subsidiaries.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(11)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Investment grade commercial real estate securities. It does not include the real estate collateralizing such securities.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(12)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Represents uncommitted securities repurchase facilities for which there is no committed amount subject to future advances.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(13)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">First mortgage and mezzanine commercial real estate loans and investment grade commercial real estate securities. It does not include the real estate collateralizing such loans and securities.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(14)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">The obligations under the Revolving Credit Facility are guaranteed by the Company and certain of its subsidiaries and secured by equity pledges in certain Company subsidiaries.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(15)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Using undepreciated carrying value of commercial real estate to approximate fair value.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(16)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Presented net of unamortized debt issuance costs of </span><span style="font-family:inherit;font-size:9pt;"><span>$6.9 million</span></span><span style="font-family:inherit;font-size:9pt;"> at </span><span style="font-family:inherit;font-size:9pt;">December 31, 2015</span><span style="font-family:inherit;font-size:9pt;">.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:36px;"><span style="font-family:inherit;font-size:9pt;">(17)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">The obligations under the senior unsecured notes are guaranteed by the Company and certain of its subsidiaries.</span></div></td></tr></table><br/>

CY2016Q4

ladr

Percentof Fhlb Advancesto Total Debt Obligations Outstanding

PercentofFHLBAdvancestoTotalDebtObligationsOutstanding

0.421

CY2016Q4

us-gaap

Long Term Debt Maturities Repayments Of Principal In Next Twelve Months

LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths

1759701000

USD

CY2016Q4

us-gaap

Long Term Debt Maturities Repayments Of Principal In Year Two

LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo

734469000

USD

CY2016Q4

us-gaap

Long Term Debt Maturities Repayments Of Principal In Year Three

LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree

79770000

USD

CY2016Q4

us-gaap

Long Term Debt Maturities Repayments Of Principal In Year Four

LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour

113802000

USD

CY2016Q4

us-gaap

Long Term Debt Maturities Repayments Of Principal In Year Five

LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive

337441000

USD

CY2016Q4

us-gaap

Long Term Debt Maturities Repayments Of Principal After Year Five

LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive

915409000

USD

CY2016Q4

us-gaap

Debt And Capital Lease Obligations

DebtAndCapitalLeaseObligations

3940592000

USD

CY2016Q4

us-gaap

Deferred Finance Costs Net

DeferredFinanceCostsNet

4025000

USD

CY2016Q4

us-gaap

Debt Instrument Unamortized Premium

DebtInstrumentUnamortizedPremium

5571000

USD

CY2016Q4

ladr

Debt Obligations

DebtObligations

3942138000

USD

CY2016Q4

us-gaap

Retained Earnings Appropriated

RetainedEarningsAppropriated

899400000

USD

CY2016Q4

us-gaap

Assets Fair Value Disclosure

AssetsFairValueDisclosure

2452785000

USD

CY2016Q4

us-gaap

Liabilities Fair Value Disclosure

LiabilitiesFairValueDisclosure

3940704000

USD

CY2015Q4

us-gaap

Assets Fair Value Disclosure

AssetsFairValueDisclosure

2416966000

USD

CY2015Q4

us-gaap

Liabilities Fair Value Disclosure

LiabilitiesFairValueDisclosure

4271537000

USD

CY2015Q4

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue

2407217000

USD

CY2014Q4

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue

2683745000

USD

CY2016

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3

0

USD

CY2015

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3

86576000

USD

CY2016

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases

977456000

USD

CY2015

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases

720010000

USD

CY2016

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales

539295000

USD

CY2015

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales

839868000

USD

CY2016

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements

684143000

USD

CY2015

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements

160612000

USD

CY2016

ladr

Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Amortizationof Premiumor Discount

FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetAmortizationofPremiumorDiscount

76475000

USD

CY2015

ladr

Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Amortizationof Premiumor Discount

FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetAmortizationofPremiumorDiscount

70763000

USD

CY2016

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss

8463000

USD

CY2015

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss

-36610000

USD

CY2016

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1

7724000

USD

CY2015

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1

24739000

USD

CY2016Q4

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue

2100947000

USD

CY2015Q4

us-gaap

Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value

FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue

2407217000

USD

CY2016Q4

invest

Derivative Notional Amount

DerivativeNotionalAmount

947400000

USD

CY2016Q4

us-gaap

Derivative Assets

DerivativeAssets

5018000

USD

CY2016Q4

us-gaap

Derivative Liabilities

DerivativeLiabilities

3446000

USD

CY2015Q4

invest

Derivative Notional Amount

DerivativeNotionalAmount

1242900000

USD

CY2015Q4

us-gaap

Derivative Assets

DerivativeAssets

2821000

USD

CY2015Q4

us-gaap

Derivative Liabilities

DerivativeLiabilities

5504000

USD

CY2016

ladr

Unrealized Gain Or Loss On Derivatives

UnrealizedGainOrLossOnDerivatives

4224000

USD

CY2016

us-gaap

Derivative Gain Loss On Derivative Net

DerivativeGainLossOnDerivativeNet

-5633000

USD

CY2016

us-gaap

Gain Loss On Derivative Instruments Net Pretax

GainLossOnDerivativeInstrumentsNetPretax

-1409000

USD

CY2015

ladr

Unrealized Gain Or Loss On Derivatives

UnrealizedGainOrLossOnDerivatives

10182000

USD

CY2015

us-gaap

Derivative Gain Loss On Derivative Net

DerivativeGainLossOnDerivativeNet

-49119000

USD

CY2015

us-gaap

Gain Loss On Derivative Instruments Net Pretax

GainLossOnDerivativeInstrumentsNetPretax

-38937000

USD

CY2014

ladr

Unrealized Gain Or Loss On Derivatives

UnrealizedGainOrLossOnDerivatives

-14371000

USD

CY2014

us-gaap

Derivative Gain Loss On Derivative Net

DerivativeGainLossOnDerivativeNet

-80427000

USD

CY2014

us-gaap

Gain Loss On Derivative Instruments Net Pretax

GainLossOnDerivativeInstrumentsNetPretax

-94798000

USD

CY2016Q4

us-gaap

Restricted Cash And Cash Equivalents

RestrictedCashAndCashEquivalents

11300000

USD

CY2015Q4

us-gaap

Restricted Cash And Cash Equivalents

RestrictedCashAndCashEquivalents

18900000

USD

CY2016Q4

us-gaap

Collateral Already Posted Aggregate Fair Value

CollateralAlreadyPostedAggregateFairValue

6200000

USD

CY2015Q4

us-gaap

Collateral Already Posted Aggregate Fair Value

CollateralAlreadyPostedAggregateFairValue

5900000

USD

CY2016Q4

us-gaap

Derivative Fair Value Of Derivative Asset

DerivativeFairValueOfDerivativeAsset

5018000

USD

CY2016Q4

us-gaap

Derivative Asset Fair Value Gross Liability

DerivativeAssetFairValueGrossLiability

0

USD

CY2016Q4

us-gaap

Derivative Assets

DerivativeAssets

5018000

USD

CY2016Q4

ladr

Derivative Collateral Obligation To Return Financial Instruments

DerivativeCollateralObligationToReturnFinancialInstruments

0

USD

CY2016Q4

us-gaap

Derivative Collateral Obligation To Return Cash

DerivativeCollateralObligationToReturnCash

0

USD

CY2016Q4

us-gaap

Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral

DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral

5018000

USD

CY2016Q4

us-gaap

Derivative Fair Value Of Derivative Asset

DerivativeFairValueOfDerivativeAsset

5018000

USD

CY2016Q4

us-gaap

Derivative Asset Fair Value Gross Liability

DerivativeAssetFairValueGrossLiability

0

USD

CY2016Q4

us-gaap

Derivative Assets

DerivativeAssets

5018000

USD

CY2016Q4

ladr

Derivative Collateral Obligation To Return Financial Instruments

DerivativeCollateralObligationToReturnFinancialInstruments

0

USD

CY2016Q4

us-gaap

Derivative Collateral Obligation To Return Cash

DerivativeCollateralObligationToReturnCash

0

USD

CY2016Q4

us-gaap

Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral

DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral

5018000

USD

CY2016Q4

us-gaap

Derivative Fair Value Of Derivative Liability

DerivativeFairValueOfDerivativeLiability

3446000

USD

CY2016Q4

us-gaap

Derivative Liability Fair Value Gross Asset

DerivativeLiabilityFairValueGrossAsset

0

USD

CY2016Q4

us-gaap

Derivative Liabilities

DerivativeLiabilities

3446000

USD

CY2016Q4

ladr

Derivative Collateral Right To Reclaim Financial Instruments

DerivativeCollateralRightToReclaimFinancialInstruments

0

USD

CY2016Q4

us-gaap

Derivative Collateral Right To Reclaim Cash

DerivativeCollateralRightToReclaimCash

3446000

USD

CY2016Q4

us-gaap

Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral

DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral

0

USD

CY2016Q4

us-gaap

Securities Sold Under Agreements To Repurchase Gross

SecuritiesSoldUnderAgreementsToRepurchaseGross

1107185000

USD

CY2016Q4

us-gaap

Securities Sold Under Agreements To Repurchase Asset

SecuritiesSoldUnderAgreementsToRepurchaseAsset

0

USD

CY2016Q4

us-gaap

Securities Sold Under Agreements To Repurchase

SecuritiesSoldUnderAgreementsToRepurchase

1107185000

USD

CY2016Q4

ladr

Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Financial Instruments

SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimFinancialInstruments

1107185000

USD

CY2016Q4

us-gaap

Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash

SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash

0

USD

CY2016Q4

us-gaap

Securities Sold Under Agreements To Repurchase Amount Offset Against Collateral

SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral

0

USD

CY2016Q4

us-gaap

Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross

DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross

1110631000

USD

CY2016Q4

us-gaap

Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset

DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset

0

USD

CY2016Q4

us-gaap

Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned

DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned

1110631000

USD

CY2016Q4

ladr

Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Financial Instruments

DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimFinancialInstruments

1107185000

USD

CY2016Q4

us-gaap

Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash

DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash

3446000

USD

CY2016Q4

us-gaap

Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral

DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral

0

USD

CY2015Q4

us-gaap

Derivative Fair Value Of Derivative Asset

DerivativeFairValueOfDerivativeAsset

2821000

USD

CY2015Q4

us-gaap

Derivative Asset Fair Value Gross Liability

DerivativeAssetFairValueGrossLiability

0

USD

CY2015Q4

us-gaap

Derivative Assets

DerivativeAssets

2821000

USD

CY2015Q4

ladr

Derivative Collateral Obligation To Return Financial Instruments

DerivativeCollateralObligationToReturnFinancialInstruments

0

USD

CY2015Q4

us-gaap

Derivative Collateral Obligation To Return Cash

DerivativeCollateralObligationToReturnCash

0

USD

CY2015Q4

us-gaap

Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral

DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral

2821000

USD

CY2015Q4

us-gaap

Derivative Fair Value Of Derivative Asset

DerivativeFairValueOfDerivativeAsset

2821000

USD

CY2015Q4

us-gaap

Derivative Asset Fair Value Gross Liability

DerivativeAssetFairValueGrossLiability

0

USD

CY2015Q4

us-gaap

Derivative Assets

DerivativeAssets

2821000

USD

CY2015Q4

ladr

Derivative Collateral Obligation To Return Financial Instruments

DerivativeCollateralObligationToReturnFinancialInstruments

0

USD

CY2015Q4

us-gaap

Derivative Collateral Obligation To Return Cash

DerivativeCollateralObligationToReturnCash

0

USD

CY2015Q4

us-gaap

Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral

DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral

2821000

USD

CY2015Q4

us-gaap

Derivative Fair Value Of Derivative Liability

DerivativeFairValueOfDerivativeLiability

5504000

USD

CY2015Q4

us-gaap

Derivative Liability Fair Value Gross Asset

DerivativeLiabilityFairValueGrossAsset

0

USD

CY2015Q4

us-gaap

Derivative Liabilities

DerivativeLiabilities

5504000

USD

CY2015Q4

ladr

Derivative Collateral Right To Reclaim Financial Instruments

DerivativeCollateralRightToReclaimFinancialInstruments

0

USD

CY2015Q4

us-gaap

Derivative Collateral Right To Reclaim Cash

DerivativeCollateralRightToReclaimCash

5504000

USD

CY2015Q4

us-gaap

Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral

DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral

0

USD

CY2015Q4

us-gaap

Securities Sold Under Agreements To Repurchase Gross

SecuritiesSoldUnderAgreementsToRepurchaseGross

1260755000

USD

CY2015Q4

us-gaap

Securities Sold Under Agreements To Repurchase Asset

SecuritiesSoldUnderAgreementsToRepurchaseAsset

0

USD

CY2015Q4

us-gaap

Securities Sold Under Agreements To Repurchase

SecuritiesSoldUnderAgreementsToRepurchase

1260755000

USD

CY2015Q4

ladr

Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Financial Instruments

SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimFinancialInstruments

1260755000

USD

CY2015Q4

us-gaap

Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset

DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset

0

USD

CY2015Q4

us-gaap

Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned

DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned

1266259000

USD

CY2015Q4

us-gaap

Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash

SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash

0

USD

CY2015Q4

us-gaap

Securities Sold Under Agreements To Repurchase Amount Offset Against Collateral

SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral

0

USD

CY2015Q4

us-gaap

Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross

DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross

1266259000

USD

CY2015Q4

ladr

Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Financial Instruments

DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimFinancialInstruments

1260755000

USD

CY2015Q4

us-gaap

Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash

DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash

5504000

USD

CY2015Q4

us-gaap

Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral

DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral

0

USD

CY2016

ladr

Number Of Classes Of Common Stock

NumberOfClassesOfCommonStock

2

Class_of_Stock

CY2015

ladr

Earningsand Profits Ep Distribution Requirement

EarningsandProfitsEPDistributionRequirement

48300000

USD

CY2015Q4

ladr

Earningsand Profits Ep Distribution Requirement Dividendper Share

EarningsandProfitsEPDistributionRequirementDividendperShare

0.90

CY2016Q4

ladr

Numberof Consolidated Joint Ventures

NumberofConsolidatedJointVentures

7

Joint_Venture

CY2016

us-gaap

Weighted Average Number Of Shares Outstanding Basic

WeightedAverageNumberOfSharesOutstandingBasic

61998089

shares

CY2015

us-gaap

Weighted Average Number Of Shares Outstanding Basic

WeightedAverageNumberOfSharesOutstandingBasic

51702188

shares

us-gaap

Weighted Average Number Of Shares Outstanding Basic

WeightedAverageNumberOfSharesOutstandingBasic

49296417

shares

CY2016

us-gaap

Weighted Average Number Of Diluted Shares Outstanding

WeightedAverageNumberOfDilutedSharesOutstanding

107638788

shares

CY2015

us-gaap

Weighted Average Number Of Diluted Shares Outstanding

WeightedAverageNumberOfDilutedSharesOutstanding

51870808

shares

us-gaap

Weighted Average Number Of Diluted Shares Outstanding

WeightedAverageNumberOfDilutedSharesOutstanding

97583310

shares

CY2016

us-gaap

Allocated Share Based Compensation Expense

AllocatedShareBasedCompensationExpense

17600000

USD

CY2015

us-gaap

Allocated Share Based Compensation Expense

AllocatedShareBasedCompensationExpense

13800000

USD

CY2014

us-gaap

Allocated Share Based Compensation Expense

AllocatedShareBasedCompensationExpense

14500000

USD

CY2016

us-gaap

Allocated Share Based Compensation Expense

AllocatedShareBasedCompensationExpense

17640000

USD

CY2015

us-gaap

Allocated Share Based Compensation Expense

AllocatedShareBasedCompensationExpense

13788000

USD

CY2014

us-gaap

Allocated Share Based Compensation Expense

AllocatedShareBasedCompensationExpense

14451000

USD

CY2016Q4

us-gaap

Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized

EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized

6100000

USD

CY2015Q4

ladr

Amount Due Pursuant To Tax Receivable Agreement

AmountDuePursuantToTaxReceivableAgreement

1900000

USD

CY2011

ladr

Operating Lease Number Of Extension Options

OperatingLeaseNumberOfExtensionOptions

0

Extension_Option

CY2012

ladr

Operating Lease Number Of Extension Options

OperatingLeaseNumberOfExtensionOptions

0

Extension_Option

CY2016

us-gaap

Lease And Rental Expense

LeaseAndRentalExpense

1200000

USD

CY2016Q4

us-gaap

Deferred Tax Assets Capital Loss Carryforwards

DeferredTaxAssetsCapitalLossCarryforwards

5700000

USD

CY2015Q4

us-gaap

Deferred Tax Assets Capital Loss Carryforwards

DeferredTaxAssetsCapitalLossCarryforwards

5200000

USD

CY2016Q4

us-gaap

Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued

UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued

0

USD

CY2016

us-gaap

Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1

EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1

P26M0D

CY2016Q1

ladr

Bonuses Paid

BonusesPaid

46800000

USD

CY2016Q1

us-gaap

Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense

DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense

10300000

USD

CY2016

us-gaap

Deferred Compensation Arrangement With Individual Compensation Expense

DeferredCompensationArrangementWithIndividualCompensationExpense

29200000

USD

CY2015

us-gaap

Deferred Compensation Arrangement With Individual Compensation Expense

DeferredCompensationArrangementWithIndividualCompensationExpense

34400000

USD

CY2014

us-gaap

Deferred Compensation Arrangement With Individual Compensation Expense

DeferredCompensationArrangementWithIndividualCompensationExpense

47800000

USD

CY2016

us-gaap

Current Federal Tax Expense Benefit

CurrentFederalTaxExpenseBenefit

-386000

USD

CY2015

us-gaap

Current Federal Tax Expense Benefit

CurrentFederalTaxExpenseBenefit

9020000

USD

CY2014

us-gaap

Current Federal Tax Expense Benefit

CurrentFederalTaxExpenseBenefit

23609000

USD

CY2016

us-gaap

Current State And Local Tax Expense Benefit

CurrentStateAndLocalTaxExpenseBenefit

4838000

USD

CY2015

us-gaap

Current State And Local Tax Expense Benefit

CurrentStateAndLocalTaxExpenseBenefit

2637000

USD

CY2014

us-gaap

Current State And Local Tax Expense Benefit

CurrentStateAndLocalTaxExpenseBenefit

10170000

USD

CY2016

us-gaap

Current Income Tax Expense Benefit

CurrentIncomeTaxExpenseBenefit

4452000

USD

CY2015

us-gaap

Current Income Tax Expense Benefit

CurrentIncomeTaxExpenseBenefit

11657000

USD

CY2014

us-gaap

Current Income Tax Expense Benefit

CurrentIncomeTaxExpenseBenefit

33779000

USD

CY2016

us-gaap

Deferred Federal Income Tax Expense Benefit

DeferredFederalIncomeTaxExpenseBenefit

1417000

USD

CY2015

us-gaap

Deferred Federal Income Tax Expense Benefit

DeferredFederalIncomeTaxExpenseBenefit

2247000

USD

CY2014

us-gaap

Deferred Federal Income Tax Expense Benefit

DeferredFederalIncomeTaxExpenseBenefit

-4357000

USD

CY2016

us-gaap

Deferred State And Local Income Tax Expense Benefit

DeferredStateAndLocalIncomeTaxExpenseBenefit

451000

USD

CY2015

us-gaap

Deferred State And Local Income Tax Expense Benefit

DeferredStateAndLocalIncomeTaxExpenseBenefit

653000

USD

CY2014

us-gaap

Deferred State And Local Income Tax Expense Benefit

DeferredStateAndLocalIncomeTaxExpenseBenefit

-2817000

USD

CY2016

us-gaap

Deferred Income Tax Expense Benefit

DeferredIncomeTaxExpenseBenefit

1868000

USD

CY2015

us-gaap

Deferred Income Tax Expense Benefit

DeferredIncomeTaxExpenseBenefit

2900000

USD

CY2014

us-gaap

Deferred Income Tax Expense Benefit

DeferredIncomeTaxExpenseBenefit

-7174000

USD

CY2016

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

6320000

USD

CY2015

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

14557000

USD

CY2014

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

26605000

USD

CY2016Q4

us-gaap

Accrued Income Taxes

AccruedIncomeTaxes

800000

USD

CY2015Q4

us-gaap

Accrued Income Taxes

AccruedIncomeTaxes

4300000

USD

CY2016Q4

us-gaap

Prepaid Taxes

PrepaidTaxes

13400000

USD

CY2015Q4

us-gaap

Prepaid Taxes

PrepaidTaxes

12500000

USD

CY2016

us-gaap

Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate

EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate

0.3500

CY2015

us-gaap

Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate

EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate

0.3500

CY2014

us-gaap

Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate

EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate

0.3500

CY2016

us-gaap

Effective Income Tax Rate Reconciliation Tax Exempt Income

EffectiveIncomeTaxRateReconciliationTaxExemptIncome

0.3438

CY2015

us-gaap

Effective Income Tax Rate Reconciliation Tax Exempt Income

EffectiveIncomeTaxRateReconciliationTaxExemptIncome

0.3237

CY2014

us-gaap

Effective Income Tax Rate Reconciliation Tax Exempt Income

EffectiveIncomeTaxRateReconciliationTaxExemptIncome

0

CY2016

us-gaap

Effective Income Tax Rate Reconciliation State And Local Income Taxes

EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes

0.0441

CY2015

us-gaap

Effective Income Tax Rate Reconciliation State And Local Income Taxes

EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes

0.0140

CY2014

us-gaap

Effective Income Tax Rate Reconciliation State And Local Income Taxes

EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes

0.0378

CY2016

ladr

Effective Income Tax Rate Reconciliation Deferred Tax Assets Written Off Percent

EffectiveIncomeTaxRateReconciliationDeferredTaxAssetsWrittenOffPercent

0

CY2015

ladr

Effective Income Tax Rate Reconciliation Deferred Tax Assets Written Off Percent

EffectiveIncomeTaxRateReconciliationDeferredTaxAssetsWrittenOffPercent

0.0144

CY2014

ladr

Effective Income Tax Rate Reconciliation Deferred Tax Assets Written Off Percent

EffectiveIncomeTaxRateReconciliationDeferredTaxAssetsWrittenOffPercent

0

CY2016

us-gaap

Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance

EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance

0.0042

CY2015

us-gaap

Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance

EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance

0.0329

CY2014

us-gaap

Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance

EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance

0

CY2016

us-gaap

Effective Income Tax Rate Reconciliation Other Adjustments

EffectiveIncomeTaxRateReconciliationOtherAdjustments

-0.0019

CY2015

us-gaap

Effective Income Tax Rate Reconciliation Other Adjustments

EffectiveIncomeTaxRateReconciliationOtherAdjustments

0.0039

CY2014

us-gaap

Effective Income Tax Rate Reconciliation Other Adjustments

EffectiveIncomeTaxRateReconciliationOtherAdjustments

-0.1737

CY2016

us-gaap

Effective Income Tax Rate Continuing Operations

EffectiveIncomeTaxRateContinuingOperations

0.0526

CY2015

us-gaap

Effective Income Tax Rate Continuing Operations

EffectiveIncomeTaxRateContinuingOperations

0.0915

CY2014

us-gaap

Effective Income Tax Rate Continuing Operations

EffectiveIncomeTaxRateContinuingOperations

0.2141

CY2016Q4

us-gaap

Deferred Tax Assets Liabilities Net

DeferredTaxAssetsLiabilitiesNet

2100000

USD

CY2015Q4

us-gaap

Deferred Tax Assets Liabilities Net

DeferredTaxAssetsLiabilitiesNet

5000000.0

USD

CY2016Q4

us-gaap

Deferred Tax Assets Investment In Subsidiaries

DeferredTaxAssetsInvestmentInSubsidiaries

2023000

USD

CY2015Q4

us-gaap

Deferred Tax Assets Investment In Subsidiaries

DeferredTaxAssetsInvestmentInSubsidiaries

3998000

USD

CY2016Q4

ladr

Deferred Tax Assets Unrealized Gains And Losses

DeferredTaxAssetsUnrealizedGainsAndLosses

99000

USD

CY2015Q4

ladr

Deferred Tax Assets Unrealized Gains And Losses

DeferredTaxAssetsUnrealizedGainsAndLosses

971000

USD

CY2016Q4

us-gaap

Deferred Tax Assets Derivative Instruments

DeferredTaxAssetsDerivativeInstruments

5668000

USD

CY2015Q4

us-gaap

Deferred Tax Assets Derivative Instruments

DeferredTaxAssetsDerivativeInstruments

5239000

USD

CY2016Q4

us-gaap

Deferred Tax Assets Valuation Allowance

DeferredTaxAssetsValuationAllowance

5668000

USD

CY2015Q4

us-gaap

Deferred Tax Assets Valuation Allowance

DeferredTaxAssetsValuationAllowance

5239000

USD

CY2016Q4

us-gaap

Deferred Tax Assets Net

DeferredTaxAssetsNet

2122000

USD

CY2015Q4

us-gaap

Deferred Tax Assets Net

DeferredTaxAssetsNet

4969000

USD

ladr

Percentage Of Applicable Cash Saving In Income Tax Distributable To Specified Unitholders

PercentageOfApplicableCashSavingInIncomeTaxDistributableToSpecifiedUnitholders

0.85

ladr

Percentage Of Applicable Cash Saving In Income Tax Available For Entity

PercentageOfApplicableCashSavingInIncomeTaxAvailableForEntity

0.15

CY2016Q4

ladr

Amount Due Pursuant To Tax Receivable Agreement

AmountDuePursuantToTaxReceivableAgreement

2500000

USD

CY2014

us-gaap

Lease And Rental Expense

LeaseAndRentalExpense

1800000

USD

CY2015

us-gaap

Lease And Rental Expense

LeaseAndRentalExpense

1500000

USD

CY2016Q4

us-gaap

Operating Leases Future Minimum Payments Due Current

OperatingLeasesFutureMinimumPaymentsDueCurrent

1249000

USD

CY2016Q4

us-gaap

Operating Leases Future Minimum Payments Due In Two Years

OperatingLeasesFutureMinimumPaymentsDueInTwoYears

1206000

USD

CY2016Q4

us-gaap

Operating Leases Future Minimum Payments Due In Three Years

OperatingLeasesFutureMinimumPaymentsDueInThreeYears

1180000

USD

CY2016Q4

us-gaap

Operating Leases Future Minimum Payments Due In Four Years

OperatingLeasesFutureMinimumPaymentsDueInFourYears

1180000

USD

CY2016Q4

us-gaap

Operating Leases Future Minimum Payments Due In Five Years

OperatingLeasesFutureMinimumPaymentsDueInFiveYears

1180000

USD

CY2016Q4

us-gaap

Operating Leases Future Minimum Payments Due Thereafter

OperatingLeasesFutureMinimumPaymentsDueThereafter

99000

USD

CY2016Q4

us-gaap

Operating Leases Future Minimum Payments Due

OperatingLeasesFutureMinimumPaymentsDue

6094000

USD

CY2016

us-gaap

Number Of Reportable Segments

NumberOfReportableSegments

3

segment

CY2016

us-gaap

Interest And Dividend Income Operating

InterestAndDividendIncomeOperating

236372000

USD

CY2016

us-gaap

Interest Expense

InterestExpense

120827000

USD

CY2016

us-gaap

Interest Income Expense Net

InterestIncomeExpenseNet

115545000

USD

CY2016

us-gaap

Provision For Loan Losses Expensed

ProvisionForLoanLossesExpensed

300000

USD

CY2016

us-gaap

Interest Income Expense After Provision For Loan Loss

InterestIncomeExpenseAfterProvisionForLoanLoss

115245000

USD

CY2016

us-gaap

Operating Leases Income Statement Lease Revenue

OperatingLeasesIncomeStatementLeaseRevenue

77277000

USD

CY2016

us-gaap

Tenant Reimbursements

TenantReimbursements

5958000

USD

CY2016

us-gaap

Gain Loss On Sales Of Loans Net

GainLossOnSalesOfLoansNet

26009000

USD

CY2016

us-gaap

Gain Loss On Sale Of Securities Net

GainLossOnSaleOfSecuritiesNet

7724000

USD

CY2016

us-gaap

Unrealized Gain Loss On Securities

UnrealizedGainLossOnSecurities

-56000

USD

CY2016

us-gaap

Gain Loss On Sale Of Properties

GainLossOnSaleOfProperties

20636000

USD

CY2016

us-gaap

Fees And Commissions

FeesAndCommissions

21365000

USD

CY2016

us-gaap

Gain Loss On Derivative Instruments Net Pretax

GainLossOnDerivativeInstrumentsNetPretax

-1409000

USD

CY2016

us-gaap

Income Loss From Equity Method Investments

IncomeLossFromEquityMethodInvestments

426000

USD

CY2016

us-gaap

Gains Losses On Extinguishment Of Debt

GainsLossesOnExtinguishmentOfDebt

5382000

USD

CY2016

us-gaap

Nonoperating Income Expense

NonoperatingIncomeExpense

163312000

USD

CY2016

us-gaap

Labor And Related Expense

LaborAndRelatedExpense

64270000

USD

CY2016

us-gaap

Operating Expenses

OperatingExpenses

20552000

USD

CY2016

ladr

Real Estate Operating Expenses

RealEstateOperatingExpenses

29953000

USD

CY2016

us-gaap

Business Combination Acquisition Related Costs

BusinessCombinationAcquisitionRelatedCosts

592000

USD

CY2016

ladr

Fee Expenses

FeeExpenses

3703000

USD

CY2016

us-gaap

Depreciation Depletion And Amortization

DepreciationDepletionAndAmortization

39447000

USD

CY2016

us-gaap

Costs And Expenses

CostsAndExpenses

158517000

USD

CY2016

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

6320000

USD

CY2015

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

14557000

USD

CY2015

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

146134000

USD

CY2015Q4

us-gaap

Assets

5895212000

USD

CY2014

us-gaap

Interest And Dividend Income Operating

InterestAndDividendIncomeOperating

187325000

USD

CY2014

us-gaap

Interest Expense

InterestExpense

77574000

USD

CY2014

us-gaap

Interest Income Expense Net

InterestIncomeExpenseNet

109751000

USD

CY2016

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

113720000

USD

CY2016Q4

us-gaap

Assets

5578337000

USD

CY2015

us-gaap

Interest And Dividend Income Operating

InterestAndDividendIncomeOperating

241539000

USD

CY2015

us-gaap

Interest Expense

InterestExpense

113303000

USD

CY2015

us-gaap

Interest Income Expense Net

InterestIncomeExpenseNet

128236000

USD

CY2015

us-gaap

Provision For Loan Losses Expensed

ProvisionForLoanLossesExpensed

600000

USD

CY2015

us-gaap

Interest Income Expense After Provision For Loan Loss

InterestIncomeExpenseAfterProvisionForLoanLoss

127636000

USD

CY2015

us-gaap

Operating Leases Income Statement Lease Revenue

OperatingLeasesIncomeStatementLeaseRevenue

80465000

USD

CY2015

us-gaap

Tenant Reimbursements

TenantReimbursements

9907000

USD

CY2015

us-gaap

Gain Loss On Sales Of Loans Net

GainLossOnSalesOfLoansNet

71066000

USD

CY2015

us-gaap

Gain Loss On Sale Of Securities Net

GainLossOnSaleOfSecuritiesNet

24007000

USD

CY2015

us-gaap

Unrealized Gain Loss On Securities

UnrealizedGainLossOnSecurities

-1249000

USD

CY2015

us-gaap

Gain Loss On Sale Of Properties

GainLossOnSaleOfProperties

40386000

USD

CY2015

us-gaap

Fees And Commissions

FeesAndCommissions

15205000

USD

CY2015

us-gaap

Gain Loss On Derivative Instruments Net Pretax

GainLossOnDerivativeInstrumentsNetPretax

-38937000

USD

CY2015

us-gaap

Income Loss From Equity Method Investments

IncomeLossFromEquityMethodInvestments

371000

USD

CY2015

us-gaap

Nonoperating Income Expense

NonoperatingIncomeExpense

201221000

USD

CY2015

us-gaap

Labor And Related Expense

LaborAndRelatedExpense

61612000

USD

CY2015

us-gaap

Operating Expenses

OperatingExpenses

25103000

USD

CY2015

ladr

Real Estate Operating Expenses

RealEstateOperatingExpenses

35886000

USD

CY2015

us-gaap

Business Combination Acquisition Related Costs

BusinessCombinationAcquisitionRelatedCosts

1983000

USD

CY2015

ladr

Fee Expenses

FeeExpenses

4521000

USD

CY2015

us-gaap

Depreciation Depletion And Amortization

DepreciationDepletionAndAmortization

39061000

USD

CY2015

us-gaap

Costs And Expenses

CostsAndExpenses

168166000

USD

CY2014

us-gaap

Provision For Loan Losses Expensed

ProvisionForLoanLossesExpensed

600000

USD

CY2014

us-gaap

Interest Income Expense After Provision For Loan Loss

InterestIncomeExpenseAfterProvisionForLoanLoss

109151000

USD

CY2014

us-gaap

Operating Leases Income Statement Lease Revenue

OperatingLeasesIncomeStatementLeaseRevenue

56649000

USD

CY2014

us-gaap

Tenant Reimbursements

TenantReimbursements

9183000

USD

CY2014

us-gaap

Gain Loss On Sales Of Loans Net

GainLossOnSalesOfLoansNet

145275000

USD

CY2014

us-gaap

Gain Loss On Sale Of Securities Net

GainLossOnSaleOfSecuritiesNet

26977000

USD

CY2014

us-gaap

Unrealized Gain Loss On Securities

UnrealizedGainLossOnSecurities

2144000

USD

CY2014

us-gaap

Gain Loss On Sale Of Properties

GainLossOnSaleOfProperties

29760000

USD

CY2014

us-gaap

Fees And Commissions

FeesAndCommissions

11704000

USD

CY2014

us-gaap

Gain Loss On Derivative Instruments Net Pretax

GainLossOnDerivativeInstrumentsNetPretax

-94798000

USD

CY2016Q2

us-gaap

Noninterest Income

NoninterestIncome

11835000

USD

CY2016Q2

us-gaap

Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest

IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

1644000

USD

CY2014

us-gaap

Income Loss From Equity Method Investments

IncomeLossFromEquityMethodInvestments

1990000

USD

CY2014

ladr

Gain Loss On Assignment Of Loans Net

GainLossOnAssignmentOfLoansNet

432000

USD

CY2014

us-gaap

Gains Losses On Extinguishment Of Debt

GainsLossesOnExtinguishmentOfDebt

-150000

USD

CY2014

us-gaap

Noninterest Income

NoninterestIncome

189166000

USD

CY2014

us-gaap

Labor And Related Expense

LaborAndRelatedExpense

82144000

USD

CY2014

us-gaap

Operating Expenses

OperatingExpenses

25398000

USD

CY2014

ladr

Real Estate Operating Expenses

RealEstateOperatingExpenses

32670000

USD

CY2014

us-gaap

Business Combination Acquisition Related Costs

BusinessCombinationAcquisitionRelatedCosts

2404000

USD

CY2014

ladr

Fee Expenses

FeeExpenses

3023000

USD

CY2014

us-gaap

Depreciation Depletion And Amortization

DepreciationDepletionAndAmortization

28447000

USD

CY2014

us-gaap

Costs And Expenses

CostsAndExpenses

174086000

USD

CY2014

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

26605000

USD

CY2014

us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

IncomeLossIncludingPortionAttributableToNoncontrollingInterest

97626000

USD

CY2014Q4

us-gaap

Assets

5814235000

USD

CY2016Q4

us-gaap

Interest And Dividend Income Operating

InterestAndDividendIncomeOperating

60721000

USD

CY2016Q3

us-gaap

Interest And Dividend Income Operating

InterestAndDividendIncomeOperating

60284000

USD

CY2016Q2

us-gaap

Interest And Dividend Income Operating

InterestAndDividendIncomeOperating

55766000

USD

CY2016Q1

us-gaap

Interest And Dividend Income Operating

InterestAndDividendIncomeOperating

59601000

USD

CY2016Q4

us-gaap

Interest Income Expense After Provision For Loan Loss

InterestIncomeExpenseAfterProvisionForLoanLoss

28517000

USD

CY2016Q3

us-gaap

Interest Income Expense After Provision For Loan Loss

InterestIncomeExpenseAfterProvisionForLoanLoss

29599000

USD

CY2016Q2

us-gaap

Interest Income Expense After Provision For Loan Loss

InterestIncomeExpenseAfterProvisionForLoanLoss

27214000

USD

CY2016Q1

us-gaap

Interest Income Expense After Provision For Loan Loss

InterestIncomeExpenseAfterProvisionForLoanLoss

29915000

USD

CY2016Q4

us-gaap

Noninterest Income

NoninterestIncome

89212000

USD

CY2016Q3

us-gaap

Noninterest Income

NoninterestIncome

69335000

USD

CY2016Q1

us-gaap

Noninterest Income

NoninterestIncome

-7070000

USD

CY2016Q4

us-gaap

Costs And Expenses

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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CY2016Q4

us-gaap

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773000

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CY2016Q3

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

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CY2016Q2

us-gaap

Income Tax Expense Benefit

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CY2016Q1

us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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NoninterestIncome

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us-gaap

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us-gaap

Costs And Expenses

CostsAndExpenses

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us-gaap

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us-gaap

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CostsAndExpenses

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us-gaap

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us-gaap

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CostsAndExpenses

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us-gaap

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us-gaap

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CY2015Q1

us-gaap

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CY2015Q4

us-gaap

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CY2015Q3

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

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CY2015Q2

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

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CY2015Q1

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

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us-gaap

Income Loss Including Portion Attributable To Noncontrolling Interest

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us-gaap

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us-gaap

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17963000

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us-gaap

Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable

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2146000

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us-gaap

Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable

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us-gaap

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CY2015Q1

us-gaap

Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

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us-gaap

Net Income Loss Available To Common Stockholders Basic

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3313000

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CY2015Q2

us-gaap

Net Income Loss Available To Common Stockholders Basic

NetIncomeLossAvailableToCommonStockholdersBasic

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us-gaap

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CY2015Q4

us-gaap

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EarningsPerShareBasic

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us-gaap

Earnings Per Share Basic

EarningsPerShareBasic

0.06

CY2015Q2

us-gaap

Earnings Per Share Basic

EarningsPerShareBasic

0.68

CY2015Q1

us-gaap

Earnings Per Share Basic

EarningsPerShareBasic

0.18

CY2015Q4

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

0.50

CY2015Q3

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

0.06

CY2015Q2

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

0.67

CY2015Q1

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

0.15

CY2015Q4

us-gaap

Common Stock Dividends Per Share Declared

CommonStockDividendsPerShareDeclared

1.450

CY2015Q3

us-gaap

Common Stock Dividends Per Share Declared

CommonStockDividendsPerShareDeclared

0.275

CY2015Q2

us-gaap

Common Stock Dividends Per Share Declared

CommonStockDividendsPerShareDeclared

0.250

CY2015Q1

us-gaap

Common Stock Dividends Per Share Declared

CommonStockDividendsPerShareDeclared

0.250

CY2016Q4

us-gaap

Real Estate And Accumulated Depreciation Amount Of Encumbrances

RealEstateAndAccumulatedDepreciationAmountOfEncumbrances

590103000

USD

CY2014Q4

us-gaap

Real Estate Accumulated Depreciation

RealEstateAccumulatedDepreciation

50605000

USD

CY2015

ladr

Real Estate Accumulated Depreciation Additions

RealEstateAccumulatedDepreciationAdditions

40490000

USD

CY2015

us-gaap

Real Estate Accumulated Depreciation Real Estate Sold

RealEstateAccumulatedDepreciationRealEstateSold

8039000

USD

CY2015Q4

us-gaap

Real Estate Accumulated Depreciation

RealEstateAccumulatedDepreciation

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USD

CY2016Q4

us-gaap

Real Estate And Accumulated Depreciation Initial Cost Of Land

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USD

CY2016Q4

us-gaap

Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements

RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements

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USD

CY2016Q4

ladr

Sec Schedule Iii Real Estateand Accumulated Depreciation Initial Costof Intangibles

SECScheduleIIIRealEstateandAccumulatedDepreciationInitialCostofIntangibles

144987000

USD

CY2016Q4

us-gaap

Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements

RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements

74715000

USD

CY2016Q4

us-gaap

Real Estate And Accumulated Depreciation Carrying Amount Of Land

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143290000

USD

CY2016Q4

us-gaap

Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements

RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements

646371000

USD

CY2016Q4

ladr

Sec Schedule Iii Real Estateand Accumulated Depreciation Carrying Amountof Intangibles

SECScheduleIIIRealEstateandAccumulatedDepreciationCarryingAmountofIntangibles

154685000

USD

CY2016Q4

us-gaap

Real Estate Gross At Carrying Value

RealEstateGrossAtCarryingValue

944346000

USD

CY2016Q4

us-gaap

Real Estate Accumulated Depreciation

RealEstateAccumulatedDepreciation

122008000

USD

CY2016Q4

us-gaap

Real Estate Federal Income Tax Basis

RealEstateFederalIncomeTaxBasis

900100000

USD

CY2015Q4

us-gaap

Real Estate Gross At Carrying Value

RealEstateGrossAtCarryingValue

917835000

USD

CY2016

us-gaap

Real Estate Other Additions

RealEstateOtherAdditions

1316000

USD

CY2016

ladr

Real Estate Improvements And Additions

RealEstateImprovementsAndAdditions

75345000

USD

CY2016

us-gaap

Real Estate Acquisitions Through Foreclosures

RealEstateAcquisitionsThroughForeclosures

0

USD

CY2016

us-gaap

Real Estate Cost Of Real Estate Sold

RealEstateCostOfRealEstateSold

50150000

USD

CY2016

us-gaap

Impairment Of Real Estate

ImpairmentOfRealEstate

0

USD

CY2016Q4

us-gaap

Real Estate Gross At Carrying Value

RealEstateGrossAtCarryingValue

944346000

USD

CY2014Q4

us-gaap

Real Estate Gross At Carrying Value

RealEstateGrossAtCarryingValue

819591000

USD

CY2015

ladr

Real Estate Improvements And Additions

RealEstateImprovementsAndAdditions

232582000

USD

CY2015

us-gaap

Real Estate Acquisitions Through Foreclosures

RealEstateAcquisitionsThroughForeclosures

6706000

USD

CY2015

us-gaap

Real Estate Cost Of Real Estate Sold

RealEstateCostOfRealEstateSold

141044000

USD

CY2015

us-gaap

Impairment Of Real Estate

ImpairmentOfRealEstate

0

USD

CY2015Q4

us-gaap

Real Estate Gross At Carrying Value

RealEstateGrossAtCarryingValue

917835000

USD

CY2013Q4

us-gaap

Real Estate Gross At Carrying Value

RealEstateGrossAtCarryingValue

649820000

USD

CY2014

ladr

Real Estate Improvements And Additions

RealEstateImprovementsAndAdditions

267367000

USD

CY2014

us-gaap

Real Estate Acquisitions Through Foreclosures

RealEstateAcquisitionsThroughForeclosures

0

USD

CY2014

us-gaap

Real Estate Cost Of Real Estate Sold

RealEstateCostOfRealEstateSold

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USD

CY2014

us-gaap

Impairment Of Real Estate

ImpairmentOfRealEstate

0

USD

CY2014Q4

us-gaap

Real Estate Gross At Carrying Value

RealEstateGrossAtCarryingValue

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USD

CY2015Q4

us-gaap

Real Estate Accumulated Depreciation

RealEstateAccumulatedDepreciation

83056000

USD

CY2016

us-gaap

Real Estate Accumulated Depreciation Other Additions

RealEstateAccumulatedDepreciationOtherAdditions

1316000

USD

CY2016

ladr

Real Estate Accumulated Depreciation Additions

RealEstateAccumulatedDepreciationAdditions

40726000

USD

CY2016

us-gaap

Real Estate Accumulated Depreciation Real Estate Sold

RealEstateAccumulatedDepreciationRealEstateSold

3090000

USD

CY2016Q4

us-gaap

Real Estate Accumulated Depreciation

RealEstateAccumulatedDepreciation

122008000

USD

CY2013Q4

us-gaap

Real Estate Accumulated Depreciation

RealEstateAccumulatedDepreciation

25601000

USD

CY2014

ladr

Real Estate Accumulated Depreciation Additions

RealEstateAccumulatedDepreciationAdditions

28916000

USD

CY2014

us-gaap

Real Estate Accumulated Depreciation Real Estate Sold

RealEstateAccumulatedDepreciationRealEstateSold

3912000

USD

CY2014Q4

us-gaap

Real Estate Accumulated Depreciation

RealEstateAccumulatedDepreciation

50605000

USD

CY2016Q4

us-gaap

Mortgage Loans On Real Estate Prior Liens1

MortgageLoansOnRealEstatePriorLiens1

1263892000

USD

CY2016Q4

us-gaap

Mortgage Loans On Real Estate Face Amount Of Mortgages

MortgageLoansOnRealEstateFaceAmountOfMortgages

2371827000

USD

CY2016Q4

us-gaap

Mortgage Loans On Real Estate Carrying Amount Of Mortgages

MortgageLoansOnRealEstateCarryingAmountOfMortgages

2357977000

USD

CY2016Q4

us-gaap

Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans

MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoans

26850000

USD

CY2016

us-gaap

Provision For Loan And Lease Losses

ProvisionForLoanAndLeaseLosses

4000000

USD

CY2016Q4

us-gaap

Mortgage Loans On Real Estate Prior Liens1

MortgageLoansOnRealEstatePriorLiens1

1263892000

USD

CY2016Q4

us-gaap

Mortgage Loans On Real Estate Face Amount Of Mortgages

MortgageLoansOnRealEstateFaceAmountOfMortgages

2371827000

USD

CY2016Q4

ladr

Mortgage Loanson Real Estate Carrying Amountof Mortgages Netof Provisionfor Loan Losses

MortgageLoansonRealEstateCarryingAmountofMortgagesNetofProvisionforLoanLosses

2353977000

USD

CY2016Q4

us-gaap

Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans

MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoans

26850000

USD

CY2016Q4

us-gaap

Mortgage Loans On Real Estate Federal Income Tax Basis1

MortgageLoansOnRealEstateFederalIncomeTaxBasis1

2400000000

USD

CY2015Q4

us-gaap

Mortgage Loans On Real Estate

MortgageLoansOnRealEstate

2310409000

USD

CY2016

us-gaap

Mortgage Loans On Real Estate New Mortgage Loans

MortgageLoansOnRealEstateNewMortgageLoans

2098052000

USD

CY2016

ladr

Mortgage Loanson Real Estate Purchasesof Mortgage Loans

MortgageLoansonRealEstatePurchasesofMortgageLoans

73421000

USD

CY2016

us-gaap

Mortgage Loans On Real Estate Collections Of Principal

MortgageLoansOnRealEstateCollectionsOfPrincipal

722360000

USD

CY2016

us-gaap

Mortgage Loans On Real Estate Cost Of Mortgages Sold

MortgageLoansOnRealEstateCostOfMortgagesSold

1440195000

USD

CY2016

us-gaap

Gain Loss On Sales Of Loans Net

GainLossOnSalesOfLoansNet

26009000

USD

CY2016

ladr

Mortgage Loans On Real Estate Accretion Amortization Of Discounts Premiums And Other Fees On Mortgage Loans

MortgageLoansOnRealEstateAccretionAmortizationOfDiscountsPremiumsAndOtherFeesOnMortgageLoans

8941000

USD

CY2016

us-gaap

Allowance For Loan And Lease Losses Period Increase Decrease

AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease

300000

USD

CY2016Q4

us-gaap

Mortgage Loans On Real Estate

MortgageLoansOnRealEstate

2353977000

USD

CY2014Q4

us-gaap

Mortgage Loans On Real Estate

MortgageLoansOnRealEstate

1939008000

USD

CY2015

us-gaap

Mortgage Loans On Real Estate New Mortgage Loans

MortgageLoansOnRealEstateNewMortgageLoans

3557164000

USD

CY2015

us-gaap

Mortgage Loans On Real Estate Collections Of Principal

MortgageLoansOnRealEstateCollectionsOfPrincipal

754760000

USD

CY2015

us-gaap

Mortgage Loans On Real Estate Cost Of Mortgages Sold

MortgageLoansOnRealEstateCostOfMortgagesSold

2509090000

USD

CY2015

us-gaap

Mortgage Loans On Real Estate Foreclosures

MortgageLoansOnRealEstateForeclosures

4620000

USD

CY2015

us-gaap

Gain Loss On Sales Of Loans Net

GainLossOnSalesOfLoansNet

71066000

USD

CY2015

ladr

Mortgage Loans On Real Estate Accretion Amortization Of Discounts Premiums And Other Fees On Mortgage Loans

MortgageLoansOnRealEstateAccretionAmortizationOfDiscountsPremiumsAndOtherFeesOnMortgageLoans

12241000

USD

CY2015

us-gaap

Allowance For Loan And Lease Losses Period Increase Decrease

AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease

600000

USD

CY2015Q4

us-gaap

Mortgage Loans On Real Estate

MortgageLoansOnRealEstate

2310409000

USD

CY2013Q4

us-gaap

Mortgage Loans On Real Estate

MortgageLoansOnRealEstate

979568000

USD

CY2014

us-gaap

Mortgage Loans On Real Estate New Mortgage Loans

MortgageLoansOnRealEstateNewMortgageLoans

4547340000

USD

CY2014

us-gaap

Mortgage Loans On Real Estate Collections Of Principal

MortgageLoansOnRealEstateCollectionsOfPrincipal

215804000

USD

CY2014

us-gaap

Mortgage Loans On Real Estate Cost Of Mortgages Sold

MortgageLoansOnRealEstateCostOfMortgagesSold

3523689000

USD

CY2014

us-gaap

Gain Loss On Sales Of Loans Net

GainLossOnSalesOfLoansNet

145275000

USD

CY2014

us-gaap

Transfer Of Portfolio Loans And Leases To Held For Sale1

TransferOfPortfolioLoansAndLeasesToHeldForSale1

0

USD

CY2014

ladr

Mortgage Loans On Real Estate Accretion Amortization Of Discounts Premiums And Other Fees On Mortgage Loans

MortgageLoansOnRealEstateAccretionAmortizationOfDiscountsPremiumsAndOtherFeesOnMortgageLoans

6918000

USD

CY2014

us-gaap

Allowance For Loan And Lease Losses Period Increase Decrease

AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease

600000

USD

CY2014Q4

us-gaap

Mortgage Loans On Real Estate

MortgageLoansOnRealEstate

1939008000

USD

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$LADR
Ladder Capital Corp Stock $ladr

2015 Q4 Form 10-K Financial Statement

#000157767017000004 Filed on February 24, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LADR Ladder Capital Corp Stock $ladr

2015 Q4 Form 10-K Financial Statement

#000157767017000004 Filed on February 24, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LADR
Ladder Capital Corp Stock $ladr