Commitments and Contingencies

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies

Commitments and Contingencies

14. Commitments and Contingencies

        As described in Note 5, as of December 31, 2011, we have unfunded commitments totaling $1.7 million related to an investment.

        As of December 31, 2011, we had future funding commitments on 11 loans totaling $79.7 million. The funding commitments relate primarily to leasing commissions and tenant improvements to the extent new leases on the underlying collateral are signed.

        Management is not aware of any other contractual obligations, legal proceedings, or any other contingent obligations incurred in the normal course of business that would have a material adverse effect on our financial statements.