the underwritten irr for the investments shown in the above table reflect the returns underwritten by the manager , taking into account leverage and calculated on a weighted average basis assuming no dispositions , early prepayments or defaults but assuming that extension options are exercised and that the cost of borrowings remains constant over the remaining term . with respect to certain loans , the underwritten irr calculation assumes certain estimates with respect to the timing and magnitude of future fundings for the remaining 36 commitments and associated loan repayments , and assumes no defaults . irr is the annualized effective compounded return rate that accounts for the time-value of money and represents the rate of return on an investment over a holding period expressed as a percentage of the investment . it is the discount rate that makes the net present value of all cash outflows ( the costs of investment ) equal to the net present value of cash inflows ( returns on investment ) . it is derived from the negative and positive cash flows resulting from or produced by each transaction ( or for a transaction involving more than one investment , cash flows resulting from or produced by each of the investments ) , whether positive , such as investment returns , or negative , such as transaction expenses or other costs of investment , taking into account the dates on which such cash flows occurred or are expected to occur , and compounding interest accordingly . there can be no assurance that the actual irrs will equal the underwritten irrs shown in the table . see “ item 1a - risk factors -the company may not achieve its underwritten internal rate of return on its investments which may lead to future returns that may be significantly lower than anticipated ” for a discussion of some of the factors that could adversely impact the returns received by the company from the investments shown in the table or elsewhere in the company 's annual report over time . ( 4 ) represents an underwritten levered weighted average irr . the company 's ability to achieve the underwritten levered weighted average irr additionally depends upon the availability of the jpmorgan facility or any replacement facility with similar terms with regard to its portfolio of first mortgage loans . without such availability , the levered weighted average underwritten irr will be lower than the amount shown above . ( 5 ) subordinate loans also include cmbs ( held-to-maturity ) and are net of a participation sold . the company presents the participation sold as both assets and non-recourse liabilities because the participation does not qualify as a sale according to gaap . at december 31 , 2016 , the company had one such participation sold with a carrying amount of $ 84,979 . the company 's average asset and debt balances for the year ended december 31 , 2016 , were : replace_table_token_6_th ( 1 ) subordinate loans also include cmbs ( held-to-maturity ) . investment activity – 2016 during 2016 , the company completed $ 1.2 billion of commercial real estate debt investments and funded an additional $ 141,900 for previously closed loans . net income available to common stockholders for the years ended december 31 , 2016 , 2015 and 2014 , respectively , the company 's net income available to common stockholders was $ 127,581 , or $ 1.74 per share , $ 91,372 , or $ 1.54 per share and $ 75,299 , or $ 1.72 per share . 37 net interest income the following table sets forth certain information regarding the company 's net investment income for the years ended december 31 , 2016 , 2015 and 2014 : replace_table_token_7_th net interest income for the year ended december 31 , 2016 compared to 2015 , and the year ended december 31 , 2015 compared to 2014 , respectively , increased $ 57,314 , or 40.0 % , and $ 46,497 , or 48.0 % . for the year ended december 31 , 2016 , the increase was primarily the result of additional interest income from commercial mortgage loans and subordinate loans offset by an increase in interest expense . for the year ended december 31 , 2015 , the increase was primarily the result of additional interest income from securities , commercial mortgage loans and subordinate loans offset by an increase in interest expense . interest income related to securities for the year ended december 31 , 2016 , decreased $ 5,602 , or 16.9 % , compared to 2015 . the decrease is primarily attributable to the sale of cmbs with an amortized cost of $ 99,355 during 2016 and the repayment of $ 35,623 of cmbs during 2016. the company did not purchase any cmbs during 2016 or 2015. interest income related to securities for the year ended december 31 , 2015 increased $ 11,999 , or 56.6 % , compared to 2014 . this increase was attributable to the purchase of $ 375,833 of cmbs during 2014. this increase was partially offset by the repayment of $ 31,553 of cmbs during 2014 , as well as the sale of cmbs with an amortized cost of $ 24,038 during 2015. interest income related to securities held-to-maturity for the year ended december 31 , 2016 , decreased $ 585 , or 4.9 % , compared to 2015 . the decrease is attributable to the repayment of $ 6,720 of securities , held-to maturity during 2016. interest income related to held-to-maturity for the year ended december 31 , 2015 increased $ 7,441 , or 161.3 % , compared to 2014 . this increase was primarily attributable to the company 's investment in a subordinate loan during may 2014 that was subsequently converted to a cmbs during august 2014. this investment is further discussed in the accompanying consolidated financial statements in `` note 4 - debt securities . story_separator_special_tag specifically , a property 's operating results and any cash reserves are analyzed and used to assess ( i ) whether cash from operations are sufficient to cover the debt service requirements currently and into the future , ( ii ) the ability of the borrower to refinance the loan , and or ( iii ) the property 's liquidation value . the company also evaluates the financial wherewithal of any loan guarantors as well as the borrower 's competency in managing and operating the properties . in addition , the company considers the overall economic environment , real estate sector , and geographic sub-market in which the borrower operates . such impairment analyses are completed and reviewed by asset management and finance personnel , who utilize various data sources , including ( i ) periodic financial data such as debt service coverage ratio , property occupancy , tenant profile , rental rates , operating expenses , the borrower 's exit plan , and capitalization and discount rates , ( ii ) site inspections , and ( iii ) current credit spreads and discussions with market participants . for loans classified as held-for-investment , the company evaluates the loans for possible impairment on a quarterly basis . impairment occurs when it is deemed probable that the company will not be able to collect all amounts due according to the contractual terms of the loan . impairment is then measured based on the present value of expected future cash flows discounted at the loan 's effective rate or the fair value of the collateral , if the loan is collateral dependent . upon measurement of impairment , the company records an allowance to reduce the carrying value of the loan with a corresponding charge to net income . significant judgments are required in determining impairment , including making assumptions regarding the value of the loan , the value of the underlying collateral and other provisions such as guarantees . as of december 31 , 2016 , the company recorded a loan loss provision of $ 10,000 and $ 5,000 on a multifamily commercial mortgage loan and a multifamily subordinate loan in williston , nd , respectively . the company has ceased accruing interest associated with the loans . as of december 31 , 2015 , there was no provision for loan loss . interest income recognition interest income on the company 's commercial mortgage loans , subordinate loans , cmbs and commercial real estate corporate debt and loans is accrued based on the actual coupon rate and the outstanding principal balance of such assets . premiums , discounts and any deferred fees are amortized or accreted into interest income over the lives of the assets using the effective yield method , which includes the accretion of purchase discounts and any deferred fees as well as the amortization of purchase premiums and the stated coupon interest payments . 43 hedging instruments and hedging activities consistent with maintaining its qualification as a reit , in the normal course of business , the company uses a variety of derivative financial instruments to manage , or hedge , interest rate and foreign currency risk . derivatives are used for hedging purposes rather than speculation . the company determines their fair value and obtains quotations from a third party to facilitate the process in determining these fair values . if the company 's hedging activities do not achieve the desired results , reported earnings may be adversely affected . gaap requires an entity to recognize all derivatives as either assets or liabilities in the balance sheets and to measure those instruments at fair value . to the extent the instrument qualifies for hedge accounting , the fair value adjustments will be recorded as a component of other comprehensive income in stockholders ' equity until the hedged item is recognized in earnings . whenever the company decides not to pursue hedge accounting , the fair value adjustments will be recorded in earnings immediately based on changes in the fair market value of those instruments . the company has in the past used and may in the future use interest rate swaps and caps to manage exposure to variable cash flows on portions of its borrowings under repurchase agreements . interest rate swap and cap agreements allow the company to receive a variable rate cash flow based on libor and pay a fixed rate cash flow , mitigating the impact of this exposure . the company uses forward currency contracts to economically hedge interest and principal payments due under its loans denominated in currencies other than u.s. dollars . the company has not designated any of its derivative instruments as hedges under gaap and therefore , changes in the fair value of the company 's derivatives are recorded directly in earnings . recent accounting pronouncements for a description of the company 's adoption of new accounting pronouncements and the impact thereof on the company 's business , see `` note 2 - summary of significant accounting policies `` to the accompanying consolidated financial statements . liquidity and capital resources liquidity is a measure of the company 's ability to meet potential cash requirements , including ongoing commitments to repay borrowings , fund and maintain its assets and operations , make distributions to its stockholders and other general business needs . the company 's cash is used to purchase or originate target assets , repay principal and interest on borrowings , make distributions to stockholders and fund operations . the company 's liquidity position is closely monitored and the company believes it has sufficient current liquidity and access to additional liquidity to meet financial obligations for at least the next 12 months . the company 's primary sources of liquidity are as follows : story_separator_special_tag style= `` font-family : inherit ; font-size:10pt ; `` > $ 300,000 in order to finance the acquisition of cmbs . the db facility matures in april 2018. advances under the db facility accrue

cash generated from operations cash from operations is generally comprised of interest income from the company 's investments , net of any associated financing expense , principal repayments from the company 's investments , net of associated financing repayments , proceeds from the sale of investments , and changes in working capital balances . see “ - results of operations – investments '' for a summary of interest rates and weighted average lives related to the company 's investment portfolio as of december 31 , 2016 . while there are no scheduled paydowns related to the company 's cmbs , periodic paydowns do occur . repayments on the debt secured by the company 's cmbs occur in conjunction with the paydowns on the collateral pledged . borrowings under various financing arrangements jpmorgan facility in january 2010 , the company , through two indirect wholly owned subsidiaries , entered into the jpmorgan facility , which as amended in 2015 and 2016 , currently provides for a maximum total borrowings of $ 943,000 , comprised of the $ 800,000 repurchase facility and a $ 143,000 asset specific financing , and a three-year term expiring in january 2018 plus a one-year extension option available at the company 's option , subject to certain conditions . amounts borrowed under the jpmorgan facility bear interest at spreads ranging from 2.25 % to 4.75 % over one-month libor . maximum advance rates under the jpmorgan facility range from 25 % to 80 % on the estimated fair value of the pledged collateral depending on its ltv . margin calls may occur any time the aggregate repurchase price exceeds the agreed upon advance rate multiplied by the market value of the assets by more than $ 250 .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash generated from operations cash from operations is generally comprised of interest income from the company 's investments , net of any associated financing expense , principal repayments from the company 's investments , net of associated financing repayments , proceeds from the sale of investments , and changes in working capital balances . see “ - results of operations – investments '' for a summary of interest rates and weighted average lives related to the company 's investment portfolio as of december 31 , 2016 . while there are no scheduled paydowns related to the company 's cmbs , periodic paydowns do occur . repayments on the debt secured by the company 's cmbs occur in conjunction with the paydowns on the collateral pledged . borrowings under various financing arrangements jpmorgan facility in january 2010 , the company , through two indirect wholly owned subsidiaries , entered into the jpmorgan facility , which as amended in 2015 and 2016 , currently provides for a maximum total borrowings of $ 943,000 , comprised of the $ 800,000 repurchase facility and a $ 143,000 asset specific financing , and a three-year term expiring in january 2018 plus a one-year extension option available at the company 's option , subject to certain conditions . amounts borrowed under the jpmorgan facility bear interest at spreads ranging from 2.25 % to 4.75 % over one-month libor . maximum advance rates under the jpmorgan facility range from 25 % to 80 % on the estimated fair value of the pledged collateral depending on its ltv . margin calls may occur any time the aggregate repurchase price exceeds the agreed upon advance rate multiplied by the market value of the assets by more than $ 250 .
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 Suspicious Activity Report : the underwritten irr for the investments shown in the above table reflect the returns underwritten by the manager , taking into account leverage and calculated on a weighted average basis assuming no dispositions , early prepayments or defaults but assuming that extension options are exercised and that the cost of borrowings remains constant over the remaining term . with respect to certain loans , the underwritten irr calculation assumes certain estimates with respect to the timing and magnitude of future fundings for the remaining 36 commitments and associated loan repayments , and assumes no defaults . irr is the annualized effective compounded return rate that accounts for the time-value of money and represents the rate of return on an investment over a holding period expressed as a percentage of the investment . it is the discount rate that makes the net present value of all cash outflows ( the costs of investment ) equal to the net present value of cash inflows ( returns on investment ) . it is derived from the negative and positive cash flows resulting from or produced by each transaction ( or for a transaction involving more than one investment , cash flows resulting from or produced by each of the investments ) , whether positive , such as investment returns , or negative , such as transaction expenses or other costs of investment , taking into account the dates on which such cash flows occurred or are expected to occur , and compounding interest accordingly . there can be no assurance that the actual irrs will equal the underwritten irrs shown in the table . see “ item 1a - risk factors -the company may not achieve its underwritten internal rate of return on its investments which may lead to future returns that may be significantly lower than anticipated ” for a discussion of some of the factors that could adversely impact the returns received by the company from the investments shown in the table or elsewhere in the company 's annual report over time . ( 4 ) represents an underwritten levered weighted average irr . the company 's ability to achieve the underwritten levered weighted average irr additionally depends upon the availability of the jpmorgan facility or any replacement facility with similar terms with regard to its portfolio of first mortgage loans . without such availability , the levered weighted average underwritten irr will be lower than the amount shown above . ( 5 ) subordinate loans also include cmbs ( held-to-maturity ) and are net of a participation sold . the company presents the participation sold as both assets and non-recourse liabilities because the participation does not qualify as a sale according to gaap . at december 31 , 2016 , the company had one such participation sold with a carrying amount of $ 84,979 . the company 's average asset and debt balances for the year ended december 31 , 2016 , were : replace_table_token_6_th ( 1 ) subordinate loans also include cmbs ( held-to-maturity ) . investment activity – 2016 during 2016 , the company completed $ 1.2 billion of commercial real estate debt investments and funded an additional $ 141,900 for previously closed loans . net income available to common stockholders for the years ended december 31 , 2016 , 2015 and 2014 , respectively , the company 's net income available to common stockholders was $ 127,581 , or $ 1.74 per share , $ 91,372 , or $ 1.54 per share and $ 75,299 , or $ 1.72 per share . 37 net interest income the following table sets forth certain information regarding the company 's net investment income for the years ended december 31 , 2016 , 2015 and 2014 : replace_table_token_7_th net interest income for the year ended december 31 , 2016 compared to 2015 , and the year ended december 31 , 2015 compared to 2014 , respectively , increased $ 57,314 , or 40.0 % , and $ 46,497 , or 48.0 % . for the year ended december 31 , 2016 , the increase was primarily the result of additional interest income from commercial mortgage loans and subordinate loans offset by an increase in interest expense . for the year ended december 31 , 2015 , the increase was primarily the result of additional interest income from securities , commercial mortgage loans and subordinate loans offset by an increase in interest expense . interest income related to securities for the year ended december 31 , 2016 , decreased $ 5,602 , or 16.9 % , compared to 2015 . the decrease is primarily attributable to the sale of cmbs with an amortized cost of $ 99,355 during 2016 and the repayment of $ 35,623 of cmbs during 2016. the company did not purchase any cmbs during 2016 or 2015. interest income related to securities for the year ended december 31 , 2015 increased $ 11,999 , or 56.6 % , compared to 2014 . this increase was attributable to the purchase of $ 375,833 of cmbs during 2014. this increase was partially offset by the repayment of $ 31,553 of cmbs during 2014 , as well as the sale of cmbs with an amortized cost of $ 24,038 during 2015. interest income related to securities held-to-maturity for the year ended december 31 , 2016 , decreased $ 585 , or 4.9 % , compared to 2015 . the decrease is attributable to the repayment of $ 6,720 of securities , held-to maturity during 2016. interest income related to held-to-maturity for the year ended december 31 , 2015 increased $ 7,441 , or 161.3 % , compared to 2014 . this increase was primarily attributable to the company 's investment in a subordinate loan during may 2014 that was subsequently converted to a cmbs during august 2014. this investment is further discussed in the accompanying consolidated financial statements in `` note 4 - debt securities . story_separator_special_tag specifically , a property 's operating results and any cash reserves are analyzed and used to assess ( i ) whether cash from operations are sufficient to cover the debt service requirements currently and into the future , ( ii ) the ability of the borrower to refinance the loan , and or ( iii ) the property 's liquidation value . the company also evaluates the financial wherewithal of any loan guarantors as well as the borrower 's competency in managing and operating the properties . in addition , the company considers the overall economic environment , real estate sector , and geographic sub-market in which the borrower operates . such impairment analyses are completed and reviewed by asset management and finance personnel , who utilize various data sources , including ( i ) periodic financial data such as debt service coverage ratio , property occupancy , tenant profile , rental rates , operating expenses , the borrower 's exit plan , and capitalization and discount rates , ( ii ) site inspections , and ( iii ) current credit spreads and discussions with market participants . for loans classified as held-for-investment , the company evaluates the loans for possible impairment on a quarterly basis . impairment occurs when it is deemed probable that the company will not be able to collect all amounts due according to the contractual terms of the loan . impairment is then measured based on the present value of expected future cash flows discounted at the loan 's effective rate or the fair value of the collateral , if the loan is collateral dependent . upon measurement of impairment , the company records an allowance to reduce the carrying value of the loan with a corresponding charge to net income . significant judgments are required in determining impairment , including making assumptions regarding the value of the loan , the value of the underlying collateral and other provisions such as guarantees . as of december 31 , 2016 , the company recorded a loan loss provision of $ 10,000 and $ 5,000 on a multifamily commercial mortgage loan and a multifamily subordinate loan in williston , nd , respectively . the company has ceased accruing interest associated with the loans . as of december 31 , 2015 , there was no provision for loan loss . interest income recognition interest income on the company 's commercial mortgage loans , subordinate loans , cmbs and commercial real estate corporate debt and loans is accrued based on the actual coupon rate and the outstanding principal balance of such assets . premiums , discounts and any deferred fees are amortized or accreted into interest income over the lives of the assets using the effective yield method , which includes the accretion of purchase discounts and any deferred fees as well as the amortization of purchase premiums and the stated coupon interest payments . 43 hedging instruments and hedging activities consistent with maintaining its qualification as a reit , in the normal course of business , the company uses a variety of derivative financial instruments to manage , or hedge , interest rate and foreign currency risk . derivatives are used for hedging purposes rather than speculation . the company determines their fair value and obtains quotations from a third party to facilitate the process in determining these fair values . if the company 's hedging activities do not achieve the desired results , reported earnings may be adversely affected . gaap requires an entity to recognize all derivatives as either assets or liabilities in the balance sheets and to measure those instruments at fair value . to the extent the instrument qualifies for hedge accounting , the fair value adjustments will be recorded as a component of other comprehensive income in stockholders ' equity until the hedged item is recognized in earnings . whenever the company decides not to pursue hedge accounting , the fair value adjustments will be recorded in earnings immediately based on changes in the fair market value of those instruments . the company has in the past used and may in the future use interest rate swaps and caps to manage exposure to variable cash flows on portions of its borrowings under repurchase agreements . interest rate swap and cap agreements allow the company to receive a variable rate cash flow based on libor and pay a fixed rate cash flow , mitigating the impact of this exposure . the company uses forward currency contracts to economically hedge interest and principal payments due under its loans denominated in currencies other than u.s. dollars . the company has not designated any of its derivative instruments as hedges under gaap and therefore , changes in the fair value of the company 's derivatives are recorded directly in earnings . recent accounting pronouncements for a description of the company 's adoption of new accounting pronouncements and the impact thereof on the company 's business , see `` note 2 - summary of significant accounting policies `` to the accompanying consolidated financial statements . liquidity and capital resources liquidity is a measure of the company 's ability to meet potential cash requirements , including ongoing commitments to repay borrowings , fund and maintain its assets and operations , make distributions to its stockholders and other general business needs . the company 's cash is used to purchase or originate target assets , repay principal and interest on borrowings , make distributions to stockholders and fund operations . the company 's liquidity position is closely monitored and the company believes it has sufficient current liquidity and access to additional liquidity to meet financial obligations for at least the next 12 months . the company 's primary sources of liquidity are as follows : story_separator_special_tag style= `` font-family : inherit ; font-size:10pt ; `` > $ 300,000 in order to finance the acquisition of cmbs . the db facility matures in april 2018. advances under the db facility accrue

