Borrowings Under Credit Facilities and Promissory Note Payable (Tables)

6 Months Ended

Jun. 30, 2017

Borrowings Under Credit Facilities and Promissory Note Payable

Schedule of characteristics of our credit facilities and promissory note payable

				Maximum
				Facility Size
	Eligible Assets	Maturity	Pricing	(In Thousands)
JPMorgan - Commercial	Specifically Identified Assets	June 2018	LIBOR + 3.25% and LIBOR + 3.5%	$	250,000
Keybank - Commercial	Specifically Identified Assets	September 2017	LIBOR + 1.75%	$	100,000
FCB - Commercial	Specifically Identified Assets	June 2021	2.75%	$	9,164
Comerica - Residential	Specifically Identified Assets	March 2018	LIBOR + 2.125%	$	150,000
UBS - Residential	Specifically Identified Assets	November 2017	LIBOR + 2.30%	$	65,000
Associated Bank - Residential	Specifically Identified Assets	August 2017	LIBOR + 2.25%	$	40,000
Origin Bank - Residential	Specifically Identified Assets	May 2018	LIBOR + 2.25%	$	40,000

	Pledged Assets Carrying Value at				Carrying Value at
	June 30,		December 31,		June 30,		December 31,
(In Thousands)	2017		2016		2017		2016
JPMorgan - Commercial	$	190,837	$	226,253	$	151,525	$	190,066
Keybank - Commercial		54,231		17,311		53,469		17,162
FCB - Commercial		8,358		9,144		6,773		7,378
Comerica - Residential		71,725		35,102		69,037		33,575
UBS - Residential		—		43,121		—		39,750
Associated Bank - Residential		19,870		28,575		18,789		27,869
Origin Bank - Residential		24,699		18,910		24,142		18,188
Total	$	369,720	$	378,416	$	323,735	$	333,988

Schedule of carrying value of collateral pledged with respect to borrowings under credit facilities and promissory note payable outstanding

The following table presents the carrying value of the Company’s collateral pledged with respect to our borrowings under credit facilities and promissory note payable outstanding with our lenders as of June 30, 2017.

				Weighted	Total
				Average	Current
(In Thousands for Total Current Principal	Number of	Weighted		Remaining	Principal		Carrying
Balance and Carrying Value)	Loans	Average Rate		Term	Balance		Value
JPMorgan - Commercial	1,472	5.7	%	133	$	236,750	$	190,837
Keybank - Commercial	24	4.2		202		53,469		54,231
FCB - Commercial	33	5.3		42		8,819		8,358
Comerica - Residential	358	3.9		365		68,718		71,725
UBS - Residential	—	—		—		—		—
Associated Bank - Residential	96	4.1		365		19,182		19,870
Origin Bank - Residential	134	4.6		148		24,298		24,699
Total	2,117	5.1	%	191	$	411,236	$	369,720

The following tables present the carrying value of the Company’s collateral pledged with respect to our borrowings under credit facilities and promissory note payable outstanding with our lenders as of December 31, 2016.

				Weighted	Total
				Average	Current
(In Thousands for Total Current Principal	Number of	Weighted		Remaining	Principal		Carrying
Balance and Carrying Value)	Loans	Average Rate		Term	Balance		Value
JPMorgan - Commercial	1,617	5.6	%	142	$	280,071	$	226,253
Keybank - Commercial	8	4.0		178		17,162		17,311
FCB - Commercial	37	5.1		46		9,750		9,144
Comerica - Residential	173	3.8		339		35,102		35,102
UBS - Residential	232	3.7		361		43,121		43,121
Associated Bank - Residential	145	3.9		350		28,575		28,575
Origin Bank - Residential	106	4.1		267		18,910		18,910
Total	2,318	5.0	%	198	$	432,691	$	378,416