COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2013

5. COMMITMENTS AND CONTINGENCIES

The Company has various commitments to fund investments in its portfolio as described below.

As of March 31, 2013 and December 31, 2012, the Company had the following commitments to fund various stretch senior and transitional senior mortgage loans, as well as subordinated and mezzanine debt investments:

	As of
$ in thousands	March 31, 2013		December 31, 2012
Total commitments	$	470,195	$	405,695
Less: funded commitments	(413,229)		(356,930)
Total unfunded commitments	$	56,966	$	48,765

The Company from time to time may be party to litigation relating to claims arising in the normal course of business. As of March 31, 2013, the Company is not aware of any legal claims.

- Definition

The entire disclosure for commitments and contingencies.

+ References

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+ Details