Our mortgage loan payables, net, unsecured notes payable to affiliates and variable rate secured credit facility with Bank of America, N.A. and certain other lenders, or the Credit Facility, as of December 31, 2013 and 2012, are summarized below (in thousands):
| December 31, | ||||||||
| 2013 | 2012 | |||||||
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Mortgage loan payables — fixed |
$ | 652,345 | $ | 353,102 | ||||
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Mortgage loan payables — variable |
175,120 | 116,719 | ||||||
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Total secured fixed and variable rate debt |
827,465 | 469,821 | ||||||
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Premium, net |
10,969 | 9,673 | ||||||
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Total mortgage loan payables, net |
838,434 | 479,494 | ||||||
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Credit Facility |
145,200 | — | ||||||
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Total secured fixed and variable rate debt, net |
$ | 983,634 | $ | 479,494 | ||||
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Unsecured notes payable to affiliates |
$ | 5,784 | $ | — | ||||
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Unsecured note payable |
— | 500 | ||||||
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Total unsecured notes |
$ | 5,784 | $ | 500 | ||||
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