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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2015
Debt Disclosure [Abstract] |
Weighted Average Maturities and Interest Rates of Borrowings | At December 31, 2015 and 2014, the Company’s borrowings had the following debt balances, weighted average maturities and interest rates:
| December 31, 2015 |  | December 31, 2014 |
| Debt Balance |  | Weighted Average Remaining Maturity |  | Weighted Average Rate |  | Debt Balance |  | Weighted Average Remaining Maturity |  | Weighted Average Rate |
Wells Facility borrowings | $ | — |  |  | 0 |  | — | % |  | $ | 20,166 |  |  | 0.2 years |  | 1.0 | % | **
UBS Facility borrowings | 133,899 |  |  | 2.7 years | * | 2.8 | % |  | 133,899 |  |  | 3.7 years |  | 2.8 | % | Fixed
DB Facility borrowings | 300,005 |  |  | 2.3 years |  | 3.7 | % |  | 300,005 |  |  | 3.3 years |  | 3.7 | % | ***
JPMorgan Facility borrowings | 445,942 |  |  | 3.1 years |  | 2.6 | % |  | 168,124 |  |  | 0.1 years |  | 2.7 | % | L+225-475
Goldman Loan | 45,928 |  |  | 3.3 years |  | 3.8 | % |  | — |  |  | 0 |  | — | % | L+350
Total borrowings | $ | 925,774 |  |  | 2.7 years |  | 2.9 | % |  | $ | 622,194 |  |  | 3.2 years |  | 3.2 | % |
* | Assumes extension options are exercised.
** At December 31, 2014, borrowings outstanding under the Wells Facility bore interest at LIBOR plus 80 basis points. *** Advances under the DB Facility accrue interest at a per annum pricing rate based on the rate implied by the fixed rate bid under a fixed for floating interest rate swap for the receipt of payments indexed to three-month U.S. dollar LIBOR, plus a financing spread ranging from 1.80% to 2.32% based on the rating of the collateral pledged.
Remaining Maturities of Borrowings | At December 31, 2015, 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
UBS Facility borrowings * | $ | 5,004 |  |  | $ | 128,895 |  |  | $ | — |  |  | $ | — |  |  | $ | 133,899 |
DB Facility borrowings | 74,251 |  |  | 225,754 |  |  | — |  |  | — |  |  | 300,005 |
JPMorgan Facility borrowings * | 62,454 |  |  | 122,081 |  |  | 261,407 |  |  | — |  |  | 445,942 |
Goldman Loan | 3,848 |  |  | 10,580 |  |  | 31,500 |  |  | — |  |  | 45,928 |
Total | $ | 145,557 |  |  | $ | 487,310 |  |  | $ | 292,907 |  |  | $ | — |  |  | $ | 925,774 |
* | Assumes extension options are exercised.
Schedule of Outstanding, Maximum and Average Balances of Debt | The table below summarizes the outstanding balances, as well as the maximum and average balances as of December 31, 2015 and 2014.
|  |  | 2015 |  |  |  | 2014
| Balance at December 31, 2015 |  | Maximum Month-End Balance |  | Average Month-End Balance |  | Balance at December 31, 2014 |  | Maximum Month-End Balance |  | Average Month-End Balance
Wells Facility borrowings | $ | — |  |  | $ | 22,254 |  |  | $ | 3,263 |  |  | $ | 20,166 |  |  | $ | 47,751 |  |  | $ | 28,921 |
UBS Facility borrowings | 133,899 |  |  | 133,899 |  |  | 133,899 |  |  | 133,899 |  |  | 133,899 |  |  | 133,899 |
DB Facility borrowings | 300,005 |  |  | 300,005 |  |  | 300,005 |  |  | $ | 300,005 |  |  | $ | 300,005 |  |  | $ | 145,856 |
JPMorgan Facility borrowings | 445,942 |  |  | 445,942 |  |  | 261,261 |  |  | $ | 168,124 |  |  | $ | 169,066 |  |  | $ | 105,366 |
Goldman Loan | 45,928 |  |  | 52,524 |  |  | 45,665 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total | $ | 925,774 |  |  |  |  |  |  | $ | 622,194 |  |  |  |  |

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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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