Debt

The following table summarizes our outstanding debt as of June 30, 2017 and December 31, 2016 (in thousands):



Description	Type	Maturity Date	Weighted Average Interest Rate at June 30, 2017	June 30, 2017		December 31, 2016
Funding Debt:
ODAST II Agreement	Securitization Facility	May 2020 ⁽¹⁾	4.7%	250,000		250,000
ODART Agreement	Revolving	March 2019	3.8%	133,538		133,767
RAOD Agreement	Revolving	November 2018	3.7%	68,052		99,985
ODAF I Agreement	Revolving	February 2020 ⁽²⁾	8.3%	98,289		100,000
ODAC Agreement	Revolving	May 2019	8.4%	74,013		65,486
PORT II Agreement	Revolving	December 2018	3.7%	66,484		52,397
Other Agreements	Various	Various ⁽³⁾	Various	36,030		30,887
				726,406		732,522
Deferred Debt Issuance Cost				(7,315	)	(5,883	)
Total Funding Debt				719,091		726,639

Corporate Debt:
Square 1 Agreement	Revolving	October 2018	5.5%	25,000		28,000
Deferred Debt Issuance Cost				(24	)	(34	)
Total Corporate Debt				24,976		27,966


⁽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 facility expires in February 2019.

⁽³⁾Maturity dates range from July 2017 to December 2018.

Certain of our loans held for investment are pledged as collateral for borrowings in our funding debt facilities. These loans totaled $860.5 million and $886.4 million as of June 30, 2017 and December 31, 2016, respectively. Our corporate debt facility is collateralized by substantially all of our assets.

ODAF I Agreement

On February 14, 2017, we entered into an amendment of the ODAF I Agreement which provided for an increase in the Lenders' revolving commitment from an aggregate amount of $100 million to $150 million, the extension of the revolving commitment termination date by approximately six months to February 14, 2019, and various technical, definitional, conforming and other changes.

ODART Agreement

On March 20, 2017, we entered into an amendment and restatement of the ODART Agreement which provided for a $50 million increase in the maximum amount of the Class A revolving loans and an increase up to $1.8 million in the maximum amount of the Class B revolving loans, thereby increasing the total facility size up to $214.1 million, an extension of the revolving commitment period during which ODART may utilize funding capacity under the Deutsche Bank Facility to March 20, 2019, a borrowing base advance rate for the Class A revolving loans of 85% and a borrowing base advance rate for the Class B revolving loans of 91%; and various technical, definitional, conforming and other changes.

ODAC Agreement

On May 4, 2017, we renewed the ODAC facility with amended terms, which provided for an increase in the revolving commitments from $75 million to $100 million and an extension of the revolving commitment period to May 3, 2019. The interest rate decreased to LIBOR (minimum of 0.75%) + 7.25% from LIBOR (minimum of 0.0%) + 9.25% and the advance rate increased from 75% to 85%.

RAOD Agreement

On May 25, 2017, we renewed the RAOD facility with amended terms which provided for an extension of the revolving commitment period to November 22, 2018; a decrease in the interest rate to LIBOR + 2.5% from LIBOR + 3.0%; and various technical, definitional, conforming and other changes.