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Subsequent Events
9 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
Dividends. On October 28, 2014, the Company declared a dividend of $0.40 per share of common stock, which is payable on January 15, 2015 to common stockholders of record on December 31, 2014.
Repurchase Agreements. On October 1, 2014, the DB Facility was amended to increase the maximum permitted borrowing under the DB Facility from $275,000 to $300,000.
Investment Activity. During the fourth quarter of 2014, the Company deployed $4,657 of equity to acquire legacy CMBS with an aggregate purchase price of $23,283. The Company financed the CMBS utilizing $18,626 of borrowings under the DB Facility. The CMBS have a weighted average life of 3.0 years and have been underwritten to generate an IRR of approximately 15%.