Landmark Apartment Trust of America, Inc. | 2013 | FY | 3


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  

Mortgage loan payables — fixed

   $ 652,345       $ 353,102   

Mortgage loan payables — variable

     175,120         116,719   
  

 

 

    

 

 

 

Total secured fixed and variable rate debt

     827,465         469,821   

Premium, net

     10,969         9,673   
  

 

 

    

 

 

 

Total mortgage loan payables, net

     838,434         479,494   

Credit Facility

     145,200          
  

 

 

    

 

 

 

Total secured fixed and variable rate debt, net

   $ 983,634       $ 479,494   
  

 

 

    

 

 

 

Unsecured notes payable to affiliates

   $ 5,784       $  

Unsecured note payable

            500   
  

 

 

    

 

 

 

Total unsecured notes

   $ 5,784       $ 500   
  

 

 

    

 

 

 

us-gaap:ScheduleOfParticipatingMortgageLoansTextBlock