Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES

v3.8.0.1
DERIVATIVES
3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVES
DERIVATIVES

The Company’s derivative instrument is an interest rate cap with a fair value of $0.5 million and $0.3 million as of March 31, 2018 and December 31, 2017, respectively, and is recorded within other assets on the Consolidated Balance Sheets. The Company had no derivative liabilities as of both March 31, 2018 and December 31, 2017.

The following table summarizes (gains) losses recorded in relation to derivatives:
 
 
 
Three Months Ended March 31,
 
Income Statement Location
 
2018
 
2017
Non-hedge derivatives
 
 
 
 
 
Unrealized (gain) loss on interest rate derivatives
Realized and unrealized (gain) loss on investments
 
$
(242
)
 
$
120

Unrealized loss recognized related to TBAs
Realized and unrealized (gain) loss on investments
 

 
2,382

Realized (gain) on settlement of TBAs
Realized and unrealized (gain) loss on investments
 

 
(2,474
)