Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

Schedule of Principal Contractual Obligations

Our contractual principal debt repayments as of September 30, 2018 were as follows ($ in thousands):

			Payment Timing
	Total Obligation		Less Than 1 Year		1 to 3 Years		3 to 5 Years		More Than 5 Years
Principal repayments under secured debt agreements(1)	$	6,862,256	$	273,254	$	2,393,008	$	4,112,794	$	83,200
Principal repayments of convertible notes(2)		794,828		172,328		—		622,500		—
Total(3)	$	7,657,084	$	445,582	$	2,393,008	$	4,735,294	$	83,200

(1)	The allocation of repayments under our secured debt agreements is based on the earlier of (i) the maturity date of each facility, or (ii) the maximum maturity date of the collateral loans, assuming all extension options are exercised by the borrower.
(2)	Reflects the outstanding principal balance of convertible notes, excluding any potential conversion premium. Refer to Note 8 for further details on our convertible notes.
(3)	As of September 30, 2018, the total does not include $81.2 million of loan participations sold, $466.7 million of non-consolidated senior interests, and $1.3 billion of securitized debt obligations, as the satisfaction of these liabilities will not require cash outlays from us.