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Participations Sold (Tables)
 6 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
Schedule of Overall Statistics for Participations Sold

The following table details overall statistics for our participations sold ($ in thousands):

 

     June 30, 2014     December 31, 2013  
     Underlying
Loans		     Participations
Sold		     Underlying
Loans		     Participations
Sold		  

Number of loans

      3        3        1        1   

Principal balance

    $ 632,503      $ 461,078      $ 173,837      $ 90,000   

Weighted-average cash coupon(1)

      L+4.55 %      L+2.99 %      L+5.66 %      L+5.12 % 

Weighted-average all-in yield / cost(1)

      L+5.77 %      L+3.21 %      L+9.25 %      L+5.26 % 

 

(1) As of June 30, 2014, 39% of our participations sold are indexed to one-month LIBOR and 61% are indexed to three-month LIBOR. In addition to cash coupon, all-in yield / cost includes the amortization of deferred origination fees / financing costs.