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Subsequent Events
3 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Subsequent to the quarter ended March 31, 2020, the following events took place:
Investment activity. We funded approximately $56.2 million for previously closed loans.
Loan Repayments. We received approximately $3.7 million from loan repayments.
Loan Sales. We sold interests in three construction loans, with aggregate commitments of $262 million (of which approximately $90 million was funded at the time of sale) for a realized loss of approximately $0.5 million. The sales are comprised of 100% of our interests in two loans and 40% of our interest in one loan. The sales were to entities managed by an affiliate of the Manager. In connection with these sales, we decreased our future unfunded commitments by $172.6 million.
Interest Rate Swap. Subsequent to quarter end, we terminated our interest rate swap with a notional amount of $500.0 million that fixed LIBOR at 2.12%. The termination resulted in a realized loss of $54.3 million, $50.0 million of which has already been recorded as an unrealized loss as of March 31, 2020. There is no impact on our current liquidity in connection with this termination as we had already posted cash collateral to the counterparty.