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Debt (Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Summary of Outstanding Debt
The following table summarizes our outstanding debt as of September 30, 2016 and December 31, 2015 (in thousands):
Description
Type
 
Maturity Date
 
Weighted Average Interest
Rate at September 30, 2016
 
September 30, 2016
 
December 31, 2015
Funding Debt:
 
 
 
 
 
 
 
ODAST II Agreement
Securitization Facility
 
May 2020 (1)
 
4.7%
 
$
250,000

 
$

ODART Agreement
Revolving
 
September 2017
 
3.2%
 
106,182

 
42,090

RAOD Agreement
Revolving
 
May 2017
 
3.5%
 
99,985

 
47,465

PORT Agreement
Revolving
 
June 2017
 
2.8%
 
67,313

 
59,415

ODAF Agreement
Revolving
 
August 2019 (2)
 
7.8%
 
64,521

 

ODAC Agreement
Revolving
 
May 2017
 
9.8%
 
59,888

 
27,699

SBAF Agreement
Revolving
 
Various (3)
 
6.5%
 
5,458

 
12,783

Partner Synthetic Participations
Term
 
Various (4)
 
Various
 
3,575

 
6,861

ODAP Agreement
Revolving
 
August 2017 (5)
 
5.0%
 

 
8,819

ODAST Agreement (6)
Securitization Facility
 
May 2018
 
—%
 

 
174,980

 
 
 
 
 
 
 
656,922

 
380,112

Deferred Debt Issuance Cost
 
 
 
 
 
 
(5,169
)
 
(4,222
)
Total Funding Debt
 
 
 
 
 
 
$
651,753

 
$
375,890

 
 
 
 
 
 
 
 
 
 
Corporate Debt:
 
 
 
 
 
 
 
 
 
Square 1 Agreement
Revolving
 
January 2017 (7)
 
4.5%
 
$
12,700

 
$
2,700

Deferred Debt Issuance Cost
 
 
 
 
 
 

 
(5
)
Total Corporate Debt
 
 
 
 
 
 
$
12,700

 
$
2,695

___________
(1)
The period during which remaining cash flow can be used to purchase additional loans expires April 2018.
(2)
The period during which new borrowings may be made under this debt facility expires in August 2018.
(3)
Maturity dates range from October 2016 through August 2017.
(4)
Maturity dates range from October 2016 through June 2018.
(5)
The period during which new borrowings may be made under this debt facility expired in August 2016.
(6)
This debt facility was terminated in May 2016.
(7)
On October 11, 2016 the maturity date was extended to January 2017.