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Borrowings (Tables) | 9 Months Ended
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Sep. 30, 2013
Debt Disclosure [Abstract] |
Weighted Average Maturities and Interest Rates of Borrowings | At September 30, 2013 and December 31, 2012, the Company’s borrowings had the following debt balances, weighted average maturities and interest rates:
| September 30, 2013 |  | December 31, 2012 |  |
| Debt Balance |  | Weighted Average Remaining Maturity |  | Weighted Average Rate |  | Debt Balance |  | Weighted Average Remaining Maturity |  | Weighted Average Rate |  |
Wells Facility borrowings | $ | 156,969 |  |  | 0.9 years |  | 1.4 | % |  | $ | 225,155 |  |  | 1.1 years | * | 1.8 | % |  | **
UBS Facility borrowings | 70,195 |  |  | 5.0 years | * | 2.9 | % |  | n/a |  |  | n/a |  | n/a |  |  | Fixed
JPMorgan Facility borrowings | 3 |  |  | 1.3 years | * | 2.7 | % |  | 3 |  |  | 0.0 years |  | 2.7 | % |  | L+250
Total borrowings | $ | 227,167 |  |  | 2.2 years |  | 1.9 | % |  | $ | 225,158 |  |  | 1.1 years |  | 1.8 | % |  |
* | Assumes extension options are exercised.
** | At December 31, 2012, borrowings outstanding under the Wells Facility bore interest at LIBOR plus 125 basis points, 150 basis points or 235 basis points depending on the collateral pledged. At September 30, 2013, borrowings outstanding under the Wells Facility bore interest at LIBOR plus 105 basis points or 175 basis points depending on the collateral pledged.
Remaining Maturities of Borrowings | At September 30, 2013, the Company’s borrowings had the following remaining maturities:
| Less than 1 year |  | 1 to 3 years |  | 3 to 5 years |  | More than 5 years |  | Total
Wells Facility borrowings | $ | 156,969 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 156,969 |
UBS Facility borrowings * | — |  |  | — |  |  | 70,195 |  |  | — |  |  | 70,195 |
JPMorgan Facility borrowings * | — |  |  | 3 |  |  | — |  |  | — |  |  | 3 |
Total | $ | 156,969 |  |  | $ | 3 |  |  | $ | 70,195 |  |  | $ | — |  |  | $ | 227,167 |
* |
Summary of Outstanding Balances, Maximum and Average Balances of Borrowings | The table below summarizes the outstanding balances at September 30, 2013, as well as the maximum and average balances for the nine months ended September 30, 2013.
|  |  | For the nine months ended September 30, 2013
| Balance at September 30, 2013 |  | Maximum Month-End Balance |  | Average Month-End Balance
Wells Facility borrowings | $ | 156,969 |  |  | $ | 225,156 |  |  | $ | 197,146 |
UBS Facility borrowings | 70,195 |  |  | 70,195 |  |  | 7,020 |
JPMorgan Facility borrowings | 3 |  |  | 3 |  |  | 3 |
Total | $ | 227,167 |  |  |  |  |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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