Loan Participations Sold (Tables)

6 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Summary of Statistics for Loan Participations Sold

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

	June 30, 2015						December 31, 2014
	Participations Sold			Underlying Loans			Participations Sold			Underlying Loans
Number of loans		4			4			4			4
Principal balance	$	635,581		$	786,511		$	499,433		$	635,701
Weighted-average cash coupon(1)		L+2.39	%		L+4.03	%		L+2.51	%		L+4.10	%
Weighted-average all-in cost / yield(1)		L+2.64	%		L+4.26	%		L+2.71	%		L+4.71	%

(1) As of June 30, 2015, our floating rate loans and related liabilities were indexed to the various benchmark rates relevant in each case in terms of currency and payment frequency. Therefore the net exposure to each benchmark rate is in direct proportion to our net assets indexed to that rate. In addition to cash coupon, all-in cost / yield includes the amortization of deferred origination fees / financing costs.