2014 Q1 Form 10-K Financial Statement
#000104746914002459 Filed on March 17, 2014
Income Statement
| Concept | 2014 Q1 | 2013 Q4 | 2013 Q2 |
|---|---|---|---|
| Revenue | $9.207M | $4.566M | $6.207M |
| YoY Change | 72.87% | -6.43% | 297.88% |
| Cost Of Revenue | $8.120M | $11.21M | $2.520M |
| YoY Change | 306.0% | 499.47% | 227.27% |
| Gross Profit | $12.27M | $6.440M | $5.570M |
| YoY Change | 160.51% | 113.95% | 605.06% |
| Gross Profit Margin | 133.27% | 141.04% | 89.74% |
| Selling, General & Admin | $8.170M | $7.900M | $1.820M |
| YoY Change | 353.89% | 390.68% | 89.58% |
| % of Gross Profit | 66.59% | 122.67% | 32.68% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $29.00K | $0.00 | |
| YoY Change | |||
| % of Gross Profit | 0.24% | 0.0% | |
| Operating Expenses | $8.160M | $7.900M | $1.820M |
| YoY Change | 355.87% | 387.65% | 89.58% |
| Operating Profit | $4.110M | -$1.460M | $3.750M |
| YoY Change | 40.75% | -205.04% | -2305.88% |
| Interest Expense | $4.700M | $640.0K | |
| YoY Change | -1616.13% | ||
| % of Operating Profit | 17.07% | ||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $4.081M | $2.970M | $3.265M |
| YoY Change | 1148.01% | 175.0% | -1913.89% |
| Income Tax | -$674.0K | -$320.0K | $0.00 |
| % Of Pretax Income | -16.52% | -10.77% | 0.0% |
| Net Earnings | $4.755M | $3.290M | $3.265M |
| YoY Change | 1354.13% | 204.35% | -1965.71% |
| Net Earnings / Revenue | 51.65% | 72.05% | 52.6% |
| Basic Earnings Per Share | $0.17 | ||
| Diluted Earnings Per Share | $0.17 | $115.1K | $93.80K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 28.56M shares | 28.48M shares | 10.22M shares |
| Diluted Shares Outstanding | 28.55M shares | 10.26M shares |
Balance Sheet
| Concept | 2014 Q1 | 2013 Q4 | 2013 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $30.40M | $20.10M | $40.20M |
| YoY Change | 34.51% | -14.1% | -54.06% |
| Cash & Equivalents | $30.40M | $14.44M | $40.24M |
| Short-Term Investments | |||
| Other Short-Term Assets | |||
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $3.300M | ||
| Other Receivables | $0.00 | ||
| Total Short-Term Assets | $30.40M | $20.10M | $43.50M |
| YoY Change | 21.12% | -19.92% | -50.62% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | |||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $1.172B | $1.107B | $526.0M |
| YoY Change | 185.8% | 213.27% | 572.63% |
| Other Assets | $23.10M | $17.00M | $9.200M |
| YoY Change | 171.76% | 102.38% | 113.95% |
| Total Long-Term Assets | $1.227B | $1.157B | $537.6M |
| YoY Change | 193.05% | 218.89% | 546.42% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $30.40M | $20.10M | $43.50M |
| Total Long-Term Assets | $1.227B | $1.157B | $537.6M |
| Total Assets | $1.258B | $1.177B | $581.1M |
| YoY Change | 183.33% | 203.44% | 239.29% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $0.00 | ||
| YoY Change | |||
| Accrued Expenses | |||
| YoY Change | |||
| 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 | $9.700M | $9.900M | $11.70M |
| YoY Change | 83.02% | 83.33% | 431.82% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $804.5M | $727.3M | $168.8M |
| YoY Change | 200.75% | 243.88% | |
| Other Long-Term Liabilities | $39.60M | $33.50M | $5.600M |
| YoY Change | 620.0% | 830.56% | 330.77% |
| Total Long-Term Liabilities | $844.1M | $760.8M | $174.4M |
| YoY Change | 209.19% | 253.7% | 13315.38% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $9.700M | $9.900M | $11.70M |
| Total Long-Term Liabilities | $844.1M | $760.8M | $174.4M |
| Total Liabilities | $853.8M | $770.7M | $186.2M |
| YoY Change | 204.52% | 246.5% | 5070.31% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$15.87M | -$13.47M | -$9.401M |
| YoY Change | 249.58% | ||
| Common Stock | $420.0M | $419.7M | $404.3M |
| YoY Change | 147.91% | 439331.52% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $404.1M | $406.2M | $394.9M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.258B | $1.177B | $581.1M |
| YoY Change | 183.33% | 203.44% | 239.29% |
Cashflow Statement
| Concept | 2014 Q1 | 2013 Q4 | 2013 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $4.755M | $3.290M | $3.265M |
| YoY Change | 1354.13% | 204.35% | -1965.71% |
| Depreciation, Depletion And Amortization | $29.00K | $0.00 | |
| YoY Change | |||
| Cash From Operating Activities | $7.700M | $20.10M | $800.0K |
| YoY Change | 541.67% | 1082.35% | -260.0% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $52.00K | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$66.50M | -$350.5M | -$116.5M |
| YoY Change | 19.39% | 115.29% | 12844.44% |
| Cash From Investing Activities | -$66.50M | -$350.5M | -$116.5M |
| YoY Change | 19.39% | 115.29% | 11550.0% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $234.6M | ||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 69.10M | 337.9M | 133.5M |
| YoY Change | 28.92% | 110.53% | 58.36% |
| NET CHANGE | |||
| Cash From Operating Activities | 7.700M | 20.10M | 800.0K |
| Cash From Investing Activities | -66.50M | -350.5M | -116.5M |
| Cash From Financing Activities | 69.10M | 337.9M | 133.5M |
| Net Change In Cash | 10.30M | 7.500M | 17.80M |
| YoY Change | -1244.44% | -1350.0% | -78.5% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $7.700M | $20.10M | $800.0K |
| Capital Expenditures | $52.00K | $0.00 | $0.00 |
| Free Cash Flow | $7.648M | $20.10M | $800.0K |
| YoY Change | -300.0% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013 | acre |
Number Of Subsequent Taxable Years Subject To Disqualification
NumberOfSubsequentTaxableYearsSubjectToDisqualification
|
P4Y | |
| CY2013 | acre |
Business Combination Maximum Measurement Period After Transaction Date For Subsequent Adjustments
BusinessCombinationMaximumMeasurementPeriodAfterTransactionDateForSubsequentAdjustments
|
P1Y | |
| CY2013Q3 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | item |
| acre |
Impairments Of Loans Held For Investment
ImpairmentsOfLoansHeldForInvestment
|
0 | USD | |
| CY2013 | acre |
Impairments Of Loans Held For Investment
ImpairmentsOfLoansHeldForInvestment
|
0 | USD |
| CY2012 | acre |
Impairments Of Loans Held For Investment
ImpairmentsOfLoansHeldForInvestment
|
0 | USD |
| CY2012Q1 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.30 | |
| CY2013 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b><i>Concentration of Credit Risk</i></b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and restricted cash, loans held for investment, mortgage servicing rights ("MSR"), loans held for sale, interest receivable, derivative financial instruments and allowance for loss sharing. The Company places its cash and cash equivalents with financial institutions and, at times, cash held may exceed the FDIC-insured limit. The Company has exposure to credit risk on its loans held for investment and through its subsidiary ACRE Capital, the Company has exposure on credit risk on loans held for sale and the servicing portfolio whereby ACRE Capital shares in the risk of loss (see Note 7). The Company's Manager will seek to manage credit risk by performing credit fundamental analysis of potential collateral assets.</font></p> </div> | |
| CY2013 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b><i>Use of Estimates in the Preparation of Financial Statements</i></b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Actual results could differ from those estimates.</font></p> </div> | |
| CY2013 | us-gaap |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
33 | item |
| CY2013 | acre |
Mortgage Loans On Real Estate Number Of Loans Repaid
MortgageLoansOnRealEstateNumberOfLoansRepaid
|
3 | item |
| CY2013Q4 | acre |
Mortgage Loans On Real Estate Total Commitment Amount
MortgageLoansOnRealEstateTotalCommitmentAmount
|
1097600000 | USD |
| CY2013Q4 | us-gaap |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
965436000 | USD |
| CY2013 | us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
675607000 | USD |
| CY2013 | us-gaap |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
66900000 | USD |
| CY2013Q4 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
958495000 | USD |
| CY2013 | us-gaap |
Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
|
0.055 | pure |
| CY2013 | acre |
Mortgage Loans On Real Estate Unleveraged Effective Yield
MortgageLoansOnRealEstateUnleveragedEffectiveYield
|
0.060 | pure |
| CY2013 | acre |
Mortgage Loans On Real Estate Remaining Life
MortgageLoansOnRealEstateRemainingLife
|
P2Y6M | |
| CY2012 | us-gaap |
Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
|
0.064 | pure |
| CY2012 | acre |
Mortgage Loans On Real Estate Remaining Life
MortgageLoansOnRealEstateRemainingLife
|
P2Y9M18D | |
| CY2013Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
67815000 | USD |
| CY2013Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
2796000 | USD |
| CY2013Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
7127000 | USD |
| CY2013Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
17035000 | USD |
| CY2013Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
284000 | USD |
| CY2013Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
419405000 | USD |
| CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-13473000 | USD |
| CY2012Q4 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
353500000 | USD |
| CY2012Q4 | us-gaap |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
356750000 | USD |
| CY2012 | acre |
Mortgage Loans On Real Estate Unleveraged Effective Yield
MortgageLoansOnRealEstateUnleveragedEffectiveYield
|
0.074 | pure |
| CY2013Q4 | acre |
Mortgage Loans On Real Estate Unleveraged Effective Yield Dispositions And Early Prepayments Or Defaults
MortgageLoansOnRealEstateUnleveragedEffectiveYieldDispositionsAndEarlyPrepaymentsOrDefaults
|
0 | USD |
| CY2011Q4 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
4945000 | USD |
| CY2012 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
347779000 | USD |
| CY2013 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
640384000 | USD |
| CY2012 | acre |
Mortgage Loans On Real Estate Receipt Of Origination Fee
MortgageLoansOnRealEstateReceiptOfOriginationFee
|
3540000 | USD |
| CY2013 | acre |
Mortgage Loans On Real Estate Receipt Of Origination Fee
MortgageLoansOnRealEstateReceiptOfOriginationFee
|
6058000 | USD |
| CY2012 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
4096000 | USD |
| CY2013 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
35223000 | USD |
| CY2012 | acre |
Mortgage Loans On Real Estate Amortizing Payments
MortgageLoansOnRealEstateAmortizingPayments
|
180000 | USD |
| CY2013 | acre |
Mortgage Loans On Real Estate Amortizing Payments
MortgageLoansOnRealEstateAmortizingPayments
|
150000 | USD |
| CY2012 | us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
400000 | USD |
| CY2013 | us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
2366000 | USD |
| CY2013 | acre |
Mortgage Loans On Real Estate Loan Paid Off
MortgageLoansOnRealEstateLoanPaidOff
|
66770000 | USD |
| CY2013Q4 | acre |
Mortgage Loans On Real Estate Impairment Charges Recognized
MortgageLoansOnRealEstateImpairmentChargesRecognized
|
0 | USD |
| CY2012Q4 | acre |
Mortgage Loans On Real Estate Impairment Charges Recognized
MortgageLoansOnRealEstateImpairmentChargesRecognized
|
0 | USD |
| CY2013 | us-gaap |
Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
|
2385000 | USD |
| CY2013 | acre |
Servicing Asset At Fair Value Prepayments And Write Offs
ServicingAssetAtFairValuePrepaymentsAndWriteOffs
|
-1284000 | USD |
| CY2013Q4 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
59640000 | USD |
| CY2013Q4 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
5000000 | USD |
| CY2013 | us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
0 | USD |
| CY2012Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
308725000 | USD |
| CY2013Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
635000000 | USD |
| CY2012Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
144256000 | USD |
| CY2013Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
264419000 | USD |
| CY2013 | acre |
Business Combination Increases Decrease In Purchase Gain Recognized Amount
BusinessCombinationIncreasesDecreaseInPurchaseGainRecognizedAmount
|
-747000 | USD |
| CY2013Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
69000000 | USD |
| CY2013Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
333419000 | USD |
| CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
52907 | shares |
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Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
31519 | shares |
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Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
2917 | shares |
| CY2013Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
97485000 | USD |
| CY2013 | acre |
Allowance For Loss Sharing Acquired In Business Combination
AllowanceForLossSharingAcquiredInBusinessCombination
|
18386000 | USD |
| CY2013 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
6000 | USD |
| CY2013Q4 | us-gaap |
Loans And Leases Receivable Allowance Covered
LoansAndLeasesReceivableAllowanceCovered
|
16480000 | USD |
| CY2013Q4 | acre |
Commitments
Commitments
|
1191212000 | USD |
| CY2013Q4 | acre |
Funded Commitments
FundedCommitments
|
1050674000 | USD |
| CY2013Q4 | acre |
Unfunded Commitments
UnfundedCommitments
|
140538000 | USD |
| CY2012Q4 | acre |
Commitments
Commitments
|
405695000 | USD |
| CY2012Q4 | acre |
Funded Commitments
FundedCommitments
|
356930000 | USD |
| CY2012Q4 | acre |
Unfunded Commitments
UnfundedCommitments
|
48765000 | USD |
| CY2012Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
92000 | USD |
| CY2012Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
169200000 | USD |
| CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-3854000 | USD |
| CY2013Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
18000000 | shares |
| CY2013Q2 | us-gaap |
Share Price
SharePrice
|
13.50 | |
| CY2013Q2 | acre |
Gross Proceeds From Issuance Of Shares In Public Offering
GrossProceedsFromIssuanceOfSharesInPublicOffering
|
243000000 | USD |
| CY2013Q2 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
8400000 | USD |
| CY2013Q2 | acre |
Underwriters Option To Purchase Additional Common Stock Shares Number
UnderwritersOptionToPurchaseAdditionalCommonStockSharesNumber
|
2700000 | shares |
| CY2013Q3 | acre |
Common Stock Subscription Agreement Shares Issued
CommonStockSubscriptionAgreementSharesIssued
|
588235 | shares |
| CY2013Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
234600000 | USD |
| CY2013Q3 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
601590 | shares |
| CY2013Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
7700000 | USD |
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
242300000 | USD | |
| CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
690000 | shares |
| CY2012 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Issued And Outstanding Common Stock Eligible
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfIssuedAndOutstandingCommonStockEligible
|
0.075 | pure |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
54516 | shares |
| CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
72987 | shares |
| CY2013 | us-gaap |
Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
|
2697000 | USD |
| CY2013Q4 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Next Twelve Months
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInNextTwelveMonths
|
25018 | shares |
| CY2013Q4 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Two
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo
|
12068 | shares |
| CY2013Q4 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Three
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearThree
|
35901 | shares |
| CY2013Q4 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Grants To Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingGrantsToDate
|
72987 | shares |
| CY2013 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
524000 | USD |
| CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
458000 | USD |
| CY2012 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
338000 | USD |
| CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
208000 | USD |
| CY2012Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
858000 | USD |
| CY2013Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
967000 | USD |
| CY2012 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y6M25D | |
| CY2013 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y2M1D | |
| CY2013 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
13766000 | USD |
| CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18989500 | shares |
| CY2013 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
19038152 | shares |
| CY2013 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.72 | |
| CY2012 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
186000 | USD |
| CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6532706 | shares |
| CY2012 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6567309 | shares |
| CY2012 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.03 | |
| CY2013Q4 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
8593000 | USD |
| CY2012Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
610000 | USD |
| CY2012Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
1206000 | USD |
| CY2013Q2 | acre |
Percentage In Excess Of Outstanding Shares For Which Entity Obtained Stockholder Approval To Issue Shares
PercentageInExcessOfOutstandingSharesForWhichEntityObtainedStockholderApprovalToIssueShares
|
0.20 | pure |
| CY2013 | acre |
Percentage Of Common Stock For Which Entity Has Option To Issue
PercentageOfCommonStockForWhichEntityHasOptionToIssue
|
1.00 | pure |
| CY2013Q2 | acre |
Conversion Options Cumulative Value Reclassified To Additional Paid In Capital
ConversionOptionsCumulativeValueReclassifiedToAdditionalPaidInCapital
|
86000 | USD |
| CY2013Q4 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | USD |
| CY2012Q4 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | USD |
| CY2013Q4 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | USD |
| CY2012Q4 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | USD |
| CY2013Q4 | us-gaap |
Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
|
0 | USD |
| CY2012Q4 | us-gaap |
Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
|
0 | USD |
| CY2013Q4 | us-gaap |
Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
|
0 | USD |
| CY2012Q4 | us-gaap |
Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
|
0 | USD |
| CY2013 | acre |
Changes In Fair Value Of Mortgage Servicing Rights
ChangesInFairValueOfMortgageServicingRights
|
-2697000 | USD |
| CY2013Q4 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
1.00 | |
| CY2012Q4 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.67 | |
| CY2013 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.00 | |
| CY2012 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.67 | |
| CY2013 | us-gaap |
Dividends Cash
DividendsCash
|
23385000 | USD |
| CY2012 | us-gaap |
Dividends Cash
DividendsCash
|
3877000 | USD |
| CY2012Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1500000 | shares |
| CY2012Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
1491000 | USD |
| CY2012Q4 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
244000 | USD |
| CY2013Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
16954000 | USD |
| CY2013Q4 | us-gaap |
Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
|
89233000 | USD |
| CY2013Q4 | us-gaap |
Other Assets
OtherAssets
|
32493000 | USD |
| CY2013Q4 | us-gaap |
Assets
Assets
|
1176915000 | USD |
| CY2013Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
5326000 | USD |
| CY2013Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
6207000 | USD |
| CY2013Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
8700000 | USD |
| CY2013Q3 | acre |
Number Of Reportable Segments Prior To Acquisition
NumberOfReportableSegmentsPriorToAcquisition
|
1 | item |
| CY2013 | us-gaap |
Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
|
4438000 | USD |
| CY2013 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
56050000 | USD |
| CY2012 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
36253000 | USD |
| CY2013 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
11414000 | USD |
| CY2012 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
6477000 | USD |
| CY2012Q4 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
3629000 | USD |
| CY2013Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
327000 | USD |
| CY2013Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3265000 | USD |
| CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6884000 | USD |
| CY2013Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3290000 | USD |
| CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
508000 | USD |
| CY2012Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-175000 | USD |
| CY2012Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-554000 | USD |
| CY2012Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1081000 | USD |
| CY2013Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
327000 | USD |
| CY2013Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3265000 | USD |
| CY2013Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
6884000 | USD |
| CY2013Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3290000 | USD |
| CY2012Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-116000 | USD |
| CY2012Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-225000 | USD |
| CY2012Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-554000 | USD |
| CY2012Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1081000 | USD |
| CY2013Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.04 | |
| CY2013Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.32 | |
| CY2013Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.25 | |
| CY2013Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.12 | |
| CY2012Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.11 | |
| CY2012Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.03 | |
| CY2012Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.06 | |
| CY2012Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.12 | |
| CY2013 | dei |
Entity Registrant Name
EntityRegistrantName
|
Ares Commercial Real Estate Corp | |
| CY2013 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001529377 | |
| CY2013 | dei |
Document Type
DocumentType
|
10-K | |
| CY2013 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2013-12-31 | |
| CY2013 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2013 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2013 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
| CY2013 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2013 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2013 | dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | |
| CY2013 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
| CY2013 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2013 | |
| CY2013Q2 | dei |
Entity Public Float
EntityPublicFloat
|
322796077 | USD |
| CY2014Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
28555250 | shares |
| CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
23390000 | USD |
| CY2012Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
3210000 | USD |
| CY2012Q4 | us-gaap |
Other Assets
OtherAssets
|
7759000 | USD |
| CY2012Q4 | us-gaap |
Assets
Assets
|
387859000 | USD |
| CY2012Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
67289000 | USD |
| CY2012Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
1320000 | USD |
| CY2012Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
2316000 | USD |
| CY2012Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
7240000 | USD |
| CY2012Q4 | us-gaap |
Liabilities
Liabilities
|
222421000 | USD |
| CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
770699000 | USD |
| CY2012Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2013Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
165438000 | USD |
| CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
387859000 | USD |
| CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1176915000 | USD |
| CY2012Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2013Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2013Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2012Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2013Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2012Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2013Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2012Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2012Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
| CY2012Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
28506977 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
28506977 | shares |
| CY2012Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
9267162 | shares |
| CY2012Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
9267162 | shares |
| CY2012 | us-gaap |
Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
|
9278000 | USD |
| CY2012 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
2342000 | USD |
| CY2012 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
6936000 | USD |
| us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
39000 | USD | |
| us-gaap |
Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
|
3000 | USD | |
| us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
39000 | USD | |
| us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-36000 | USD | |
| CY2013 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
28826000 | USD |
| CY2013 | us-gaap |
Fees And Commissions Mortgage Banking
FeesAndCommissionsMortgageBanking
|
5802000 | USD |
| CY2013 | acre |
Gain Loss On Mortgage Banking Activities
GainLossOnMortgageBankingActivities
|
5328000 | USD |
| CY2013 | us-gaap |
Revenues
Revenues
|
38586000 | USD |
| CY2012 | us-gaap |
Revenues
Revenues
|
6936000 | USD |
| us-gaap |
Revenues
Revenues
|
-36000 | USD | |
| CY2012 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
216000 | USD |
| CY2012 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
1665000 | USD |
| CY2012 | us-gaap |
Professional Fees
ProfessionalFees
|
1194000 | USD |
| us-gaap |
Professional Fees
ProfessionalFees
|
58000 | USD | |
| CY2013 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
5456000 | USD |
| CY2013 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
4079000 | USD |
| CY2012 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1285000 | USD |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
69000 | USD | |
| CY2012 | acre |
General And Administrative Expenses Reimbursed To Affiliate
GeneralAndAdministrativeExpensesReimbursedToAffiliate
|
1619000 | USD |
| CY2013 | us-gaap |
Noninterest Expense
NoninterestExpense
|
30821000 | USD |
| CY2012 | us-gaap |
Noninterest Expense
NoninterestExpense
|
5979000 | USD |
| us-gaap |
Noninterest Expense
NoninterestExpense
|
127000 | USD | |
| CY2013 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
1739000 | USD |
| CY2013 | acre |
Income Loss From Continuing Operations Before Income Taxes Minority Interest Income Loss From Equity Method Investments And Gain On Bargain Purchase
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestIncomeLossFromEquityMethodInvestmentsAndGainOnBargainPurchase
|
9504000 | USD |
| CY2012 | acre |
Income Loss From Continuing Operations Before Income Taxes Minority Interest Income Loss From Equity Method Investments And Gain On Bargain Purchase
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestIncomeLossFromEquityMethodInvestmentsAndGainOnBargainPurchase
|
860000 | USD |
| acre |
Income Loss From Continuing Operations Before Income Taxes Minority Interest Income Loss From Equity Method Investments And Gain On Bargain Purchase
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestIncomeLossFromEquityMethodInvestmentsAndGainOnBargainPurchase
|
-163000 | USD | |
| CY2013 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
13942000 | USD |
| CY2012 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
860000 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-163000 | USD | |
| CY2013 | us-gaap |
Net Income Loss
NetIncomeLoss
|
13766000 | USD |
| CY2012 | us-gaap |
Net Income Loss
NetIncomeLoss
|
860000 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-163000 | USD | |
| CY2012 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
102000 | USD |
| CY2012 | us-gaap |
Temporary Equity Accretion Of Dividends
TemporaryEquityAccretionOfDividends
|
-572000 | USD |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-163000 | USD | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-8.56 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
19052 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
19052 | shares | |
| CY2013 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1922000 | USD |
| us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-188000 | USD | |
| CY2013 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
86000 | USD |
| us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
231000 | USD | |
| CY2013 | us-gaap |
Profit Loss
ProfitLoss
|
13766000 | USD |
| acre |
Increase Decrease In Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherLiabilities
|
123000 | USD | |
| CY2012 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
698000 | USD |
| CY2012 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
338000 | USD |
| CY2012 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-97000 | USD |
| CY2012 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
2508000 | USD |
| CY2012 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
1089000 | USD |
| CY2012 | acre |
Increase Decrease In Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherLiabilities
|
1778000 | USD |
| CY2012 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
1952000 | USD |
| CY2012 | us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
351875000 | USD |
| CY2012 | us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
180000 | USD |
| CY2012 | us-gaap |
Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
|
3540000 | USD |
| CY2012 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-348155000 | USD |
| CY2012 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
278353000 | USD |
| CY2012 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
134097000 | USD |
| CY2012 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
2323000 | USD |
| CY2012 | us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
69000000 | USD |
| CY2012 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2748000 | USD |
| CY2012 | us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
5723000 | USD |
| CY2012 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
165850000 | USD |
| CY2012 | us-gaap |
Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
|
6295000 | USD |
| CY2012 | us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
3448000 | USD |
| CY2012 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1560000 | USD |
| CY2012 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
102000 | USD |
| CY2012 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
368353000 | USD |
| CY2012 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
22150000 | USD |
| CY2012 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1254000 | USD |
| CY2012 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
338000 | USD |
| CY2012 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
3496000 | USD |
| CY2013 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
250687000 | USD |
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
418000 | USD | |
| us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
5055000 | USD | |
| us-gaap |
Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
|
110000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-4945000 | USD | |
| us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
833000 | USD | |
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6600000 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
5767000 | USD | |
| us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
1240000 | USD | |
| CY2013 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
25444000 | USD |
| CY2013 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-745697000 | USD |
| CY2013 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
716963000 | USD |
| CY2013 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-3290000 | USD |
| CY2013 | acre |
Gain Loss Attributable To Fair Value Of Future Servicing Rights
GainLossAttributableToFairValueOfFutureServicingRights
|
2293000 | USD |
| CY2013 | acre |
Unrealized Gain Loss On Interest Rate Lock Commitments
UnrealizedGainLossOnInterestRateLockCommitments
|
1056000 | USD |
| CY2013 | acre |
Unrealized Gain Loss On Forward Sale Commitments
UnrealizedGainLossOnForwardSaleCommitments
|
-239000 | USD |
| CY2013 | us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
84150000 | USD |
| CY2013 | us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
102363000 | USD |
| CY2013 | acre |
Amortization Of Convertible Notes Issuance Costs
AmortizationOfConvertibleNotesIssuanceCosts
|
826000 | USD |
| CY2013 | us-gaap |
Accretion Expense
AccretionExpense
|
526000 | USD |
| CY2013 | us-gaap |
Depreciation
Depreciation
|
38000 | USD |
| CY2013 | us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-1648000 | USD |
| CY2013 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
208000 | USD |
| CY2013 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
58258000 | USD |
| CY2013 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
41000 | USD |
| CY2013 | acre |
Proceeds From Warehouse Agreement Borrowings
ProceedsFromWarehouseAgreementBorrowings
|
97676000 | USD |
| CY2013 | acre |
Payments For Warehouse Agreement Borrowings
PaymentsForWarehouseAgreementBorrowings
|
112148000 | USD |
| CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
20100000 | USD |
| CY2011Q4 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
596000 | USD |
| CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1240000 | USD |
| CY2013Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
| CY2013 | us-gaap |
Stock Issued1
StockIssued1
|
7512000 | USD |
| CY2013 | us-gaap |
Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
112609000 | USD |
| CY2013 | us-gaap |
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
|
48401000 | USD |
| CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6437000 | USD |
| CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
406216000 | USD |
| acre |
Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
|
6600000 | USD | |
| CY2012 | acre |
Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
|
23400000 | USD |
| CY2012 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
142450000 | USD |
| CY2013 | us-gaap |
Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
|
37600000 | USD |
| CY2013 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
8774000 | USD |
| CY2013 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
6556000 | USD |
| CY2013 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
4241000 | USD |
| CY2013 | us-gaap |
Professional Fees
ProfessionalFees
|
2924000 | USD |
| CY2013 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3955000 | USD |
| CY2013 | acre |
General And Administrative Expenses Reimbursed To Affiliate
GeneralAndAdministrativeExpensesReimbursedToAffiliate
|
3610000 | USD |
| CY2013Q3 | us-gaap |
Revenues
Revenues
|
3861000 | USD |
| CY2013Q4 | us-gaap |
Revenues
Revenues
|
4566000 | USD |
| CY2013 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
230000 | USD |
| CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
453000 | USD |
| CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
234000 | USD |
| CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
200000 | USD |
| CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
124000 | USD |
| CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
89000 | USD |
| CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
7000 | USD |
| CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
1107000 | USD |
| CY2013 | acre |
Servicing Asset At Fair Value Additions Acquired In Business Combination
ServicingAssetAtFairValueAdditionsAcquiredInBusinessCombination
|
61236000 | USD |
| CY2012Q1 | us-gaap |
Dividends Cash
DividendsCash
|
450000 | USD |
| CY2012Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
| CY2013Q4 | acre |
Variable Interest Entity Mortgage Loans On Real Estate Commercial And Consumer Net
VariableInterestEntityMortgageLoansOnRealEstateCommercialAndConsumerNet
|
493783000 | USD |
| CY2013Q4 | acre |
Variable Interest Entity Other Assets
VariableInterestEntityOtherAssets
|
2552000 | USD |
| CY2013 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
7512000 | USD |
| CY2013Q4 | acre |
Variable Interest Entity Due To Current And Noncurrent
VariableInterestEntityDueToCurrentAndNoncurrent
|
384000 | USD |
| CY2012 | us-gaap |
Profit Loss
ProfitLoss
|
860000 | USD |
| us-gaap |
Profit Loss
ProfitLoss
|
-163000 | USD | |
| CY2013Q4 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
174000 | USD |
| CY2013 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
524000 | USD |
| CY2012Q4 | acre |
Mortgage Loans On Real Estate Unleveraged Effective Yield Dispositions And Early Prepayments Or Defaults
MortgageLoansOnRealEstateUnleveragedEffectiveYieldDispositionsAndEarlyPrepaymentsOrDefaults
|
0 | USD |
| CY2013 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
8412000 | USD |
| CY2013Q4 | acre |
Variable Interest Entity Long Term Debt
VariableInterestEntityLongTermDebt
|
395027000 | USD |
| CY2013 | acre |
Proceeds From Variable Interest Entity Long Term Debt Issuance
ProceedsFromVariableInterestEntityLongTermDebtIssuance
|
395027000 | USD |
| CY2013 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b><i>Reclassifications</i></b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Certain prior period amounts have been reclassified to conform to the current period presentation. Deferred financing costs and accrued interest receivable have been reclassified into other assets in the consolidated balance sheets. Derivative liability and accounts payable and accrued expenses have been reclassified into other liabilities in the consolidated balance sheets. Interest receivable and refundable deposits have been reclassified into other assets in the consolidated statements of cash flows. The unrealized loss on the 2015 Convertible Notes has been reclassified into changes in fair value of derivatives in the consolidated statements of operations.</font></p> </div> | |
| CY2013Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
166934000 | USD |
| CY2013 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
176000 | USD |
| CY2013 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
61000 | USD |
| CY2013Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
242300000 | USD |
| CY2013 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
524000 | USD |
| CY2013 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
4414000 | USD |
| CY2013 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
1476000 | USD |
| CY2013 | acre |
Increase Decrease In Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherLiabilities
|
1640000 | USD |
| CY2013 | us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
66920000 | USD |
| CY2013 | us-gaap |
Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
|
6058000 | USD |
| CY2013 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
703154000 | USD |
| CY2013 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
582991000 | USD |
| CY2013 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
7033000 | USD |
| CY2013 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
250687000 | USD |
| CY2013 | us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
8834000 | USD |
| CY2013 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
18575000 | USD |
| CY2013 | us-gaap |
Interest Paid Net
InterestPaidNet
|
11317000 | USD |
| CY2013 | us-gaap |
Noninterest Income
NoninterestIncome
|
8427000 | USD |
| CY2013 | us-gaap |
Noninterest Income Other
NoninterestIncomeOther
|
1333000 | USD |
| CY2013 | acre |
Number Of Mortgage Loans Held For Sale
NumberOfMortgageLoansHeldForSale
|
1 | item |
| CY2013 | us-gaap |
Payments To Purchase Mortgage Loans Held For Sale
PaymentsToPurchaseMortgageLoansHeldForSale
|
84769000 | USD |
| CY2013Q4 | us-gaap |
Loans Held For Sale Mortgages
LoansHeldForSaleMortgages
|
85238000 | USD |
| CY2013 | acre |
Percentage Of Changes In Valuation Inputs That Would Increase Or Decrease Servicing Asset Fair Value
PercentageOfChangesInValuationInputsThatWouldIncreaseOrDecreaseServicingAssetFairValue
|
0.01 | pure |
| CY2013 | us-gaap |
Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
|
1800000 | USD |
| CY2013 | us-gaap |
Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
|
1912000 | USD |
| CY2013Q3 | acre |
Mortgage Banking Revenue Adjusted After Reclassification Between Gain Loss On Mortgage Banking Activities And Compensation And Benefits
MortgageBankingRevenueAdjustedAfterReclassificationBetweenGainLossOnMortgageBankingActivitiesAndCompensationAndBenefits
|
516000 | USD |
| CY2013 | us-gaap |
Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
|
2040000 | USD |
| CY2013Q4 | acre |
Mortgage Loans On Real Estate Face Amount And Held For Sale Mortgages
MortgageLoansOnRealEstateFaceAmountAndHeldForSaleMortgages
|
1050674000 | USD |
