The following table summarizes our investments in commercial mortgages, mezzanine loans, other loans and preferred equity interests as of December 31, 2013:
| Unpaid Principal Balance |
Unamortized (Discounts) Premiums |
Carrying Amount |
Number of Loans |
Weighted- Average Coupon (1) |
Range of Maturity Dates | |||||||||||||||||||
|
Commercial Real Estate (CRE) Loans |
||||||||||||||||||||||||
|
Commercial mortgages |
$ | 792,526 | $ | (19,257 | ) | $ | 773,269 | 59 | 6.4 | % | Mar. 2014 to Jan. 2029 | |||||||||||||
|
Mezzanine loans |
269,034 | (3,273 | ) | 265,761 | 81 | 9.6 | % | Mar. 2014 to Jan. 2029 | ||||||||||||||||
|
Preferred equity interests |
54,389 | (939 | ) | 53,450 | 11 | 8.6 | % | May 2015 to Aug. 2025 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
|
Total CRE Loans |
1,115,949 | (23,469 | ) | 1,092,480 | 151 | 7.3 | % | |||||||||||||||||
|
Other loans |
30,625 | 72 | 30,697 | 2 | 4.3 | % | Mar. 2014 to Oct. 2016 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
|
Total Loans |
1,146,574 | (23,397 | ) | 1,123,177 | 153 | 7.2 | % | |||||||||||||||||
|
|
|
|
|
|||||||||||||||||||||
|
Deferred fees |
(800 | ) | 0 | (800 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||
|
Total investments in loans |
$ | 1,145,774 | $ | (23,397 | ) | $ | 1,122,377 | |||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||
| (1) | Weighted-average coupon is calculated on the unpaid principal amount of the underlying instruments which does not necessarily correspond to the carrying amount. |
The following table summarizes our investments in commercial mortgages, mezzanine loans, other loans and preferred equity interests as of December 31, 2012:
| Unpaid Principal Balance |
Unamortized (Discounts) Premiums |
Carrying Amount |
Number of Loans |
Weighted- Average Coupon (1) |
Range of Maturity Dates | |||||||||||||||||||
|
Commercial Real Estate (CRE) Loans |
||||||||||||||||||||||||
|
Commercial mortgages |
$ | 728,774 | $ | (25,807 | ) | $ | 702,967 | 50 | 6.4 | % | Mar. 2013 to Jan. 2023 | |||||||||||||
|
Mezzanine loans |
275,457 | (4,355 | ) | 271,102 | 83 | 9.3 | % | Mar. 2013 to Nov. 2038 | ||||||||||||||||
|
Preferred equity interests |
64,752 | (1,031 | ) | 63,721 | 15 | 9.7 | % | Mar. 2014 to Aug. 2025 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
|
Total CRE Loans |
1,068,983 | (31,193 | ) | 1,037,790 | 148 | 7.4 | % | |||||||||||||||||
|
Other loans |
38,600 | (30 | ) | 38,570 | 2 | 4.9 | % | Mar. 2013 to Oct. 2016 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
|
Total Loans |
1,107,583 | (31,223 | ) | 1,076,360 | 150 | 7.3 | % | |||||||||||||||||
|
|
|
|
|
|||||||||||||||||||||
|
Deferred fees |
(1,231 | ) | 0 | (1,231 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||
|
Total investments in loans |
$ | 1,106,352 | $ | (31,223 | ) | $ | 1,075,129 | |||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||
| (1) | Weighted-average coupon is calculated on the unpaid principal amount of the underlying instruments which does not necessarily correspond to the carrying amount. |