Loans Payable (Tables)

3 Months Ended

Mar. 31, 2014

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Summary of Covenants Relating to Three Credit Facilities

As of March 31, 2014, all of the covenants relating to the three credit facilities were met.

Total amounts of loans payable outstanding, including accrued interest, as of March 31, 2014 and December 31, 2013, totaled $485.2 million and 452.4 million respectively, and were comprised as follows:

Facility	Date of Facility		Facility Term		March 31 2014		December 31, 2013
EGL Revolving Credit Facility		July 8, 2013		5 Years	$	328,800	$	258,800
SeaBright Facility		December 21, 2012		3 Years		89,000		111,000
Clarendon Facility		July 12, 2011		4 Years		65,995		78,995
Total long-term bank debt						483,795		448,795
Accrued interest						1,444		3,651
Total loans payable					$	485,239	$	452,446