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Debt Securities (Tables) | 12 Months Ended
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Dec. 31, 2015
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 December 31, 2015 are summarized as follows:
Security Description | Face Amount |  | Amortized Cost |  | Gross Unrealized Gain |  | Gross Unrealized Loss |  | Estimated Fair Value
CMBS (Fair Value Option) | $ | 511,482 |  |  | $ | 504,253 |  |  | $ | 2,614 |  |  | $ | (13,718 | ) |  | $ | 493,149 |
CMBS (Held-to-Maturity) | 153,250 |  |  | 153,193 |  |  | — |  |  | — |  |  | 153,193 |
Total | $ | 664,732 |  |  | $ | 657,446 |  |  | $ | 2,614 |  |  | $ | (13,718 | ) |  | $ | 646,342 |
The amortized cost and estimated fair value of the Company’s debt securities at December 31, 2014 are summarized as follows:
Security Description | Face Amount |  | Amortized Cost |  | Gross Unrealized Gain |  | Gross Unrealized Loss |  | Estimated Fair Value
CMBS (Available-for-Sale) | $ | 17,013 |  |  | $ | 17,783 |  |  | $ | — |  |  | $ | (678 | ) |  | $ | 17,105 |
CMBS (Fair Value Option) | 527,177 |  |  | 516,443 |  |  | 7,322 |  |  | (1,035 | ) |  | 522,730 |
CMBS (Held-to-Maturity) | 155,000 |  |  | 154,283 |  |  | — |  |  | — |  |  | 154,283 |
Total | $ | 699,190 |  |  | $ | 688,509 |  |  | $ | 7,322 |  |  | $ | (1,713 | ) |  | $ | 694,118 |
Schedule of Continuous Unrealized Loss Position, Debt Securities | The following table presents information about the Company's debt securities that were in an unrealized loss position at December 31, 2015:
| Unrealized Loss Position for Less than 12 months |  | Unrealized Loss Position for 12 months or More
Security Description | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
CMBS (Fair Value Option) | 259,739 |  |  | (10,644 | ) |  | 68,232 |  |  | (3,074 | )
Total | $ | 259,739 |  |  | $ | (10,644 | ) |  | $ | 68,232 |  |  | $ | (3,074 | )
Overall Statistics for Company's AAA-Rated CMBS Investments Calculated on Weighted Average Basis | The overall statistics for the Company’s CMBS (Available-for-Sale) and CMBS (Fair Value Option) calculated on a weighted average basis as of December 31, 2015 and 2014 are as follows:
| December 31, 2015 |  | December 31, 2014
Credit Ratings * | BB-D |  |  | AAA-CCC- |
Coupon | 5.9 | % |  | 5.9 | %
Yield | 6.5 | % |  | 6.4 | %
Weighted Average Life | 1.6 years |  |  | 2.3 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 (Available-for-Sale) and CMBS (Fair Value Option) calculated on a weighted average basis as of December 31, 2015 and 2014 are as follows:
Vintage | December 31, 2015 |  | December 31, 2014
2005 | 8.3 | % |  | 9.0 | %
2006 | 20.0 |  |  | 19.0 |
2007 | 62.4 |  |  | 63.0 |
2008 | 9.3 |  |  | 9.0 |
Total | 100 | % |  | 100 | %
Property Type | December 31, 2015 |  | December 31, 2014
Office | 32.0 | % |  | 33.4 | %
Retail | 30.2 |  |  | 29.1 |
Multifamily | 13.5 |  |  | 13.3 |
Hotel | — |  |  | 9.2 |
Other * | 24.3 |  |  | 15.0 |
Total | 100 | % |  | 100 | %
* | No other individual category comprises more than 10% of the total.
Location | December 31, 2015 |  | December 31, 2014
South Atlantic | 23.0 | % |  | 23.2 | %
Middle Atlantic | 18.1 |  |  | 21.1 |
Pacific | 17.8 |  |  | 17.0 |
East North Central | 12.5 |  |  | 11.0 |
Other * | 28.6 |  |  | 27.7 |
Total | 100 | % |  | 100 | %
* | No other individual category comprises more than 10% of the total.

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