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Debt Securities (Tables) | 6 Months Ended
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Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract] |
Amortized Cost and Estimated Fair Value | The amortized cost and estimated fair value of the Company’s debt securities at June 30, 2014 are summarized as follows:
Security Description | Face Amount |  | Amortized Cost |  | Gross Unrealized Gain |  | Gross Unrealized Loss |  | Estimated Fair Value
CMBS (Available-for-Sale) | $ | 23,097 |  |  | $ | 24,074 |  |  | $ | — |  |  | $ | (793 | ) |  | $ | 23,281 |
CMBS (Fair Value Option) | 320,499 |  |  | 315,650 |  |  | 9,143 |  |  | (69 | ) |  | 324,724 |
Total | $ | 343,596 |  |  | $ | 339,724 |  |  | $ | 9,143 |  |  | $ | (862 | ) |  | $ | 348,005 |
The amortized cost and estimated fair value of the Company’s debt securities at December 31, 2013 are summarized as follows:
Security Description | Face Amount |  | Amortized Cost |  | Gross Unrealized Gain |  | Gross Unrealized Loss |  | Estimated Fair Value
CMBS (Available-for-Sale) | $ | 33,066 |  |  | $ | 34,232 |  |  | $ | — |  |  | $ | (870 | ) |  | $ | 33,362 |
CMBS (Fair Value Option) | 155,577 |  |  | 155,946 |  |  | 2,313 |  |  | (173 | ) |  | 158,086 |
Total | $ | 188,643 |  |  | $ | 190,178 |  |  | $ | 2,313 |  |  | $ | (1,043 | ) |  | $ | 191,448 |
Overall Statistics for Company's AAA-Rated CMBS Investments Calculated on Weighted Average Basis | The overall statistics for the Company’s CMBS investments calculated on a weighted average basis assuming no early prepayments or defaults as of June 30, 2014 and December 31, 2013 are as follows:
| June 30, 2014 |  | December 31, 2013
Credit Ratings * | AAA - CC |  |  | AAA - CCC |
Coupon | 5.8 | % |  | 5.8 | %
Yield | 6.3 | % |  | 5.3 | %
Weighted Average Life | 2.8 years |  |  | 3.1 years |
* | Ratings per Fitch Ratings, Moody’s Investors Service or Standard & Poor's.
Percentage Vintage, Property Type, and Location of Collateral Securing Company's AAA-Rated CMBS Investments Calculated on Weighted Average Basis | The percentage vintage, property type and location of the collateral securing the Company’s CMBS investments calculated on a weighted average basis as of June 30, 2014 and December 31, 2013 are as follows:
Vintage | June 30, 2014 |  | December 31, 2013
2005 | 13 | % |  | — | %
2006 | 15 |  |  | 3 |
2007 | 71 |  |  | 97 |
2008 | 1 |  |  | — |
Total | 100 | % |  | 100 | %
Property Type | June 30, 2014 |  | December 31, 2013
Office | 36.6 | % |  | 35.5 | %
Retail | 24.3 |  |  | 24.1 |
Hotel | 14.2 |  |  | 13.7 |
Multifamily | 11.4 |  |  | 12.7 |
Other * | 13.5 |  |  | 14.0 |
Total | 100 | % |  | 100 | %
* No other individual category comprises more than 10% of the total.
Location | June 30, 2014 |  | December 31, 2013
South Atlantic | 24.0 | % |  | 23.4 | %
Middle Atlantic | 20.3 |  |  | 22.8 |
Pacific | 17.7 |  |  | 17.6 |
East North Central | 11.0 |  |  | — |
Other * | 27.0 |  |  | 36.2 |
Total | 100 | % |  | 100 | %
* No other individual category comprises more than 10% of the total.

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