RAIT Financial Trust | 2013 | FY | 3


The following table summarizes our investments in commercial mortgages, mezzanine loans, other loans and preferred equity interests as of December 31, 2013:

 

    Unpaid
Principal
Balance
    Unamortized
(Discounts)
Premiums
    Carrying
Amount
    Number of
Loans
    Weighted-
Average
Coupon (1)
    Range of Maturity Dates  

Commercial Real Estate (CRE) Loans

           

Commercial mortgages

  $ 792,526      $ (19,257   $ 773,269        59        6.4     Mar. 2014 to Jan. 2029   

Mezzanine loans

    269,034        (3,273     265,761        81        9.6     Mar. 2014 to Jan. 2029   

Preferred equity interests

    54,389        (939     53,450        11        8.6     May 2015 to Aug. 2025   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

Total CRE Loans

    1,115,949        (23,469     1,092,480        151        7.3  

Other loans

    30,625        72        30,697        2        4.3     Mar. 2014 to Oct. 2016   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

Total Loans

    1,146,574        (23,397     1,123,177        153        7.2  
       

 

 

   

 

 

   

Deferred fees

    (800     0        (800      
 

 

 

   

 

 

   

 

 

       

Total investments in loans

  $ 1,145,774      $ (23,397   $ 1,122,377         
 

 

 

   

 

 

   

 

 

       

 

(1) Weighted-average coupon is calculated on the unpaid principal amount of the underlying instruments which does not necessarily correspond to the carrying amount.

 

The following table summarizes our investments in commercial mortgages, mezzanine loans, other loans and preferred equity interests as of December 31, 2012:

 

    Unpaid
Principal
Balance
    Unamortized
(Discounts)
Premiums
    Carrying
Amount
    Number of
Loans
    Weighted-
Average
Coupon (1)
    Range of Maturity Dates  

Commercial Real Estate (CRE) Loans

           

Commercial mortgages

  $ 728,774      $ (25,807   $ 702,967        50        6.4     Mar. 2013 to Jan. 2023   

Mezzanine loans

    275,457        (4,355     271,102        83        9.3     Mar. 2013 to Nov. 2038   

Preferred equity interests

    64,752        (1,031     63,721        15        9.7     Mar. 2014 to Aug. 2025   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

Total CRE Loans

    1,068,983        (31,193     1,037,790        148        7.4  

Other loans

    38,600        (30     38,570        2        4.9     Mar. 2013 to Oct. 2016   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

Total Loans

    1,107,583        (31,223     1,076,360        150        7.3  
       

 

 

   

 

 

   

Deferred fees

    (1,231     0        (1,231      
 

 

 

   

 

 

   

 

 

       

Total investments in loans

  $ 1,106,352      $ (31,223   $ 1,075,129         
 

 

 

   

 

 

   

 

 

       

 

(1) Weighted-average coupon is calculated on the unpaid principal amount of the underlying instruments which does not necessarily correspond to the carrying amount.

us-gaap:ScheduleOfParticipatingMortgageLoansTextBlock