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Repurchase Agreements (Tables)
6 Months Ended
Jun. 30, 2017
Disclosure Of Repurchase Agreements [Abstract]  
Summary of Repurchase Agreements

The following table is a summary of our repurchase agreements as of June 30, 2017 ($ in thousands):

 

Facility

 

Security

Interests

 

Interest Rate(1)

 

Maturity

Dates(2)

 

Outstanding

Balance

 

 

Prepayment

Provisions

Citi MRA

 

CMBS

 

L+1.30% - L+1.60%

 

7/17/17 - 8/30/2017

 

 

153,567

 

 

None

RBC MRA

 

CMBS

 

L+1.25%

 

7/28/2017

 

 

16,016

 

 

None

 

 

 

 

 

 

 

 

$

169,583

 

 

 

 

(1)

The term “L” refers to the three-month U.S. dollar-denominated London Interbank Offer Rate. As of June 30, 2017, three-month U.S. dollar-denominated LIBOR was equal to 1.3%

 

(2)

Subsequent to quarter end, the Company rolled its repurchase agreement contracts expiring in July 2017 into new three-month contracts with a maturity date of October 2017.