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Previously Consolidated Variable Interest Entities (Details 11) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2011
Securitized Debt Obligations
Dec. 31, 2011
Previously Consolidated Variable Interest Entities
Dec. 31, 2011
Previously Consolidated Variable Interest Entities
Repurchase Obligations (JP Morgan)
Dec. 31, 2011
Previously Consolidated Variable Interest Entities
Mezzanine Loans
Dec. 31, 2011
Previously Consolidated Variable Interest Entities
CT CDO II
Dec. 31, 2011
Previously Consolidated Variable Interest Entities
CT CDO III
Dec. 31, 2011
Previously Consolidated Variable Interest Entities
CT CDO IV
Dec. 31, 2011
Previously Consolidated Variable Interest Entities
JPMCC 2004-FL1A
Dec. 31, 2011
Previously Consolidated Variable Interest Entities
GMACC 1997-C1
Dec. 31, 2011
Previously Consolidated Variable Interest Entities
GECMC 00-1 H
Dec. 31, 2011
Previously Consolidated Variable Interest Entities
MSC 2007-XLCA
Dec. 31, 2011
CT Legacy REIT
Principal Balance     $ 1,039,031 $ 1,162,770 $ 58,464 $ 65,275 [1] $ 199,751 $ 199,138 $ 221,540   $ 83,672 $ 24,847 $ 310,083 $ 123,739
Book Value, ending year $ 139,184 $ 1,211,407 $ 1,039,446 $ 1,153,021 $ 58,464 $ 55,111 [1] $ 199,751 $ 199,553 $ 221,540   $ 83,672 $ 24,847 $ 310,083 $ 113,575
Coupon     2.84% [2] 3.52% [2] 2.80% [2] 15.00% [1],[2] 0.91% [2] 5.26% [2] 1.07% [2] 1.25% [2],[3] 7.09% [2] 5.50% [2] 2.44% [2] 9.24% [2]
All-In Cost     2.92% [2] 3.66% [2],[4] 2.80% [2] 18.61% [1],[2] 1.22% [2] 5.17% [2] 1.21% [2] 1.25% [2],[3] 7.09% [2] 5.50% [2] 2.44% [2] 10.47% [2]
Maturity Date     Jan. 31, 2034 [5] Jan. 31, 2032 [5] Dec. 15, 2014 [5] Mar. 31, 2016 [1],[5] Mar. 31, 2050 [5] Jun. 30, 2035 [5] Oct. 31, 2043 [5] Apr. 30, 2019 [3],[5] Jul. 31, 2029 [5] Aug. 31, 2027 [5] Jul. 31, 2017 [5] Aug. 31, 2015 [5]
[1] The mezzanine loan carries a 10.50% per annum interest rate, of which 7.0% per annum may be deferred. The all-in cost of the mezzanine loan includes the amortization of deferred fees and expenses.
[2] Represents a weighted average for each respective facility, assuming LIBOR of 0.21% at December 31, 2012 for floating rate debt obligations.
[3] As of December 31, 2011, all outstanding debt obligations of JPMCC 2004-FL1A were eliminated in consolidation.
[4] Including the impact of interest rate hedges with an aggregate notional balance of $357.4 million as of December 31, 2011, the effective all-in cost of our previously consolidated VIEs' debt obligations would be 5.30% per annum.
[5] Maturity dates represent the contractual maturity of each debt obligation. Repayment of securitized debt is a function of collateral cash flows which are disbursed in accordance with the contractual provisions of each trust, and is generally expected to occur prior to the maturity date above.