Repurchase Agreements (Tables)

9 Months Ended

Sep. 30, 2017

Disclosure Of Repurchase Agreements [Abstract]

Summary of Repurchase Agreements

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

Facility	Interest Rate(1)	Maturity Dates(2)	Security Interests	Collateral Assets(3)		Outstanding Balance		Prepayment Provisions
Citi MRA	L+1.25% - L+1.70%	10/16/2017 - 12/28/2017	CMBS	$	580,899	$	429,294	None
RBC MRA	L+1.25% - L+1.45%	10/20/2017	CMBS		63,472		49,161	None
				$	644,371	$	478,455

(1) The term “L” refers to the three-month LIBOR. As of September 30, 2017, three-month LIBOR was equal to 1.3%

(2) Subsequent to quarter end, the Company rolled its repurchase agreement contracts expiring in October 2017 into new three, nine, or twelve month contracts.

(3) Represents the fair value of the Company’s investments in real estate-related securities.