XML 75 R62.htm IDEA: XBRL DOCUMENT v3.19.2
Secured Financing Agreements (Details)
$ in Thousands, £ in Millions
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
USD ($)
May 31, 2019
USD ($)
item
Apr. 30, 2019
item
Mar. 31, 2019
USD ($)
Feb. 28, 2019
USD ($)
Jan. 31, 2019
USD ($)
Mar. 31, 2019
USD ($)
Jun. 30, 2019
USD ($)
item
Dec. 31, 2019
Jan. 31, 2019
GBP (£)
Dec. 31, 2018
USD ($)
Secured Financing Agreements                      
Carrying Value $ 9,284,887             $ 9,284,887     $ 8,683,565
Lender 1 Repo 1 Facility                      
Secured Financing Agreements                      
Number of extension options | item     3         3      
Extended term / option     1 year         1 year      
Lender 2 Repo 1 Facility                      
Secured Financing Agreements                      
Maximum Facility Size 800,000 $ 600,000           $ 800,000      
Maximum facility size subject to certain conditions 1,100,000 $ 800,000           1,100,000      
Number of extension options | item   3                  
Extended term / option   1 year                  
Lender 6 Repo 2 Facility                      
Secured Financing Agreements                      
Maximum Facility Size | £                   £ 330.9  
Maximum facility size subject to certain conditions | £                   £ 429.2  
Lender 11 Repo 1 Facility                      
Secured Financing Agreements                      
Maximum Facility Size           $ 200,000          
Maximum facility size subject to certain conditions         $ 400,000            
Lender 14 Repo 1 Facility                      
Secured Financing Agreements                      
Maximum facility size subject to certain conditions 750,000             750,000      
Maximum borrowing capacity 500,000             500,000      
Lender 7 Secured Financing                      
Secured Financing Agreements                      
Maximum facility size subject to certain conditions 650,000             650,000      
Maximum borrowing capacity 300,000             300,000      
Number of extension options | item     2                
Extended term / option     1 year                
Conduit Repo 2 Facility                      
Secured Financing Agreements                      
Modified amount 950,000             950,000      
Maximum facility size subject to certain conditions $ 200,000             200,000      
Maturity period 3 years                    
MBS Repo 1 Facility                      
Secured Financing Agreements                      
Maximum Facility Size $ 0             $ 0      
Rolling maturity period               11 months      
MBS Repo 3 Facility                      
Secured Financing Agreements                      
Maximum Facility Size 0             $ 0      
Rolling maturity period               12 months      
MBS Repo 4 Facility                      
Secured Financing Agreements                      
Maximum Facility Size           $ 110,000          
Maximum facility size subject to certain conditions         $ 100,000            
MBS Repo 4 Facility | LIBOR                      
Secured Financing Agreements                      
Pricing margin (as a percent)         1.25% 1.70%          
Infrastructure Acquisition Facility                      
Secured Financing Agreements                      
Increase in pricing margin every year (as a percent)                 0.25%    
Infrastructure Repo                      
Secured Financing Agreements                      
Pricing margin (as a percent)         1.75%            
Maximum Facility Size         $ 500,000            
Maturity period         1 year            
Extended term / option         1 year            
FHLB                      
Secured Financing Agreements                      
Maximum Facility Size       $ 500,000     $ 500,000        
Maximum facility size subject to certain conditions       $ 2,000     $ 2,000        
Secured financing agreements                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 13,565,133             $ 13,565,133      
Maximum Facility Size 15,868,899             15,868,899      
Principal Amount 9,359,610             9,359,610     8,761,624
Unamortized premium (discount), net (2,030)             (2,030)     (963)
Unamortized deferred financing costs (72,693)             (72,693)     (77,096)
Secured financing agreements | Lender 1 Repo 1 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 1,529,783             1,529,783      
Maximum Facility Size 2,000,000             2,000,000      
Principal Amount 1,198,746             $ 1,198,746     1,279,979
Secured financing agreements | Lender 1 Repo 1 Facility | LIBOR | Minimum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.60%      
Secured financing agreements | Lender 1 Repo 1 Facility | LIBOR | Maximum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.35%      
Secured financing agreements | Lender 2 Repo 1 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 646,549             $ 646,549      
Maximum Facility Size 1,100,000             1,100,000      
Principal Amount 509,229             $ 509,229     384,791
Secured financing agreements | Lender 2 Repo 1 Facility | LIBOR | Minimum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.50%      
Secured financing agreements | Lender 2 Repo 1 Facility | LIBOR | Maximum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.50%      
Secured financing agreements | Lender 4 Repo 2 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 1,268,735             $ 1,268,735      
Maximum Facility Size 1,000,000             1,000,000      
Principal Amount 766,620             $ 766,620     552,345
Secured financing agreements | Lender 4 Repo 2 Facility | LIBOR | Minimum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.70%      
Secured financing agreements | Lender 4 Repo 2 Facility | LIBOR | Maximum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               3.50%      
Secured financing agreements | Lender 6 Repo 1 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 548,167             $ 548,167      
Maximum Facility Size 600,000             600,000      
Principal Amount 392,790             $ 392,790     507,545
Secured financing agreements | Lender 6 Repo 1 Facility | LIBOR | Minimum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.50%      
Secured financing agreements | Lender 6 Repo 1 Facility | LIBOR | Maximum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.50%      
Secured financing agreements | Lender 6 Repo 2 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 702,382             $ 702,382      
Maximum Facility Size 544,973             544,973      
Principal Amount 534,598             $ 534,598     312,437
Secured financing agreements | Lender 6 Repo 2 Facility | EURIBOR                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.25%      
Secured financing agreements | Lender 6 Repo 2 Facility | GBP LIBOR | Minimum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.45%      
Secured financing agreements | Lender 6 Repo 2 Facility | GBP LIBOR | Maximum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.75%      
Secured financing agreements | Lender 7 Repo 1 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 152,326             $ 152,326      
Maximum Facility Size 250,000             250,000      
Principal Amount 121,758             $ 121,758     71,720
Secured financing agreements | Lender 7 Repo 1 Facility | LIBOR | Minimum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.50%      
Secured financing agreements | Lender 7 Repo 1 Facility | LIBOR | Maximum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.25%      
Secured financing agreements | Lender 10 Repo 1 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 200,417             $ 200,417      
Maximum Facility Size 164,840             164,840      
Principal Amount 160,480             $ 160,480     160,480
Secured financing agreements | Lender 10 Repo 1 Facility | LIBOR | Minimum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.50%      
Secured financing agreements | Lender 10 Repo 1 Facility | LIBOR | Maximum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.75%      
Secured financing agreements | Lender 11 Repo 1 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 199,105             $ 199,105      
Maximum Facility Size 400,000             400,000      
Principal Amount 161,046             $ 161,046      
Secured financing agreements | Lender 11 Repo 1 Facility | LIBOR                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.10%      
Secured financing agreements | Lender 11 Repo 2 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 355,069             $ 355,069      
Maximum Facility Size 500,000             500,000      
Principal Amount 220,690             $ 220,690     270,690
Secured financing agreements | Lender 11 Repo 2 Facility | LIBOR | Minimum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.00%      
Secured financing agreements | Lender 11 Repo 2 Facility | LIBOR | Maximum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.50%      
Secured financing agreements | Lender 12 Repo 1 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 237,609             $ 237,609      
Maximum Facility Size 250,000             250,000      
Principal Amount 179,940             $ 179,940     43,500
Secured financing agreements | Lender 12 Repo 1 Facility | LIBOR | Minimum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.50%      
Secured financing agreements | Lender 12 Repo 1 Facility | LIBOR | Maximum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.45%      
Secured financing agreements | Lender 13 Repo 1 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 137,599             $ 137,599      
Maximum Facility Size 200,000             200,000      
Principal Amount $ 106,124             $ 106,124     14,824
Secured financing agreements | Lender 13 Repo 1 Facility | LIBOR | Minimum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.45%      
Secured financing agreements | Lender 13 Repo 1 Facility | LIBOR | Maximum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.50%      
Secured financing agreements | Lender 14 Repo 1 Facility                      
Secured Financing Agreements                      
Pricing margin (as a percent) 2.50%           1.75%        
Maximum Facility Size $ 750,000             $ 750,000      
Secured financing agreements | Lender 14 Repo 1 Facility | LIBOR | Minimum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.75%      
Secured financing agreements | Lender 14 Repo 1 Facility | LIBOR | Maximum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.50%      
Secured financing agreements | Lender 7 Secured Financing                      
Secured Financing Agreements                      
Maximum Facility Size 650,000             $ 650,000      
Secured financing agreements | Lender 7 Secured Financing | LIBOR                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.25%      
Secured financing agreements | Conduit Repo 2 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 91,807             $ 91,807      
Maximum Facility Size 200,000             200,000      
Principal Amount 70,760             $ 70,760     35,034
Secured financing agreements | Conduit Repo 2 Facility | LIBOR | Minimum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.10%      
Secured financing agreements | Conduit Repo 3 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 110,625             $ 110,625      
Maximum Facility Size 150,000             150,000      
Principal Amount 82,988             $ 82,988      
Secured financing agreements | Conduit Repo 3 Facility | LIBOR                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.10%      
Secured financing agreements | MBS Repo 2 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 192,439             $ 192,439      
Maximum Facility Size 137,651             137,651      
Principal Amount 137,651             $ 137,651     159,202
Secured financing agreements | MBS Repo 2 Facility | LIBOR | Minimum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.55%      
Secured financing agreements | MBS Repo 2 Facility | LIBOR | Maximum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.75%      
Secured financing agreements | MBS Repo 3 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 650,064             $ 650,064      
Maximum Facility Size 385,056             385,056      
Principal Amount 385,056             $ 385,056     427,942
Secured financing agreements | MBS Repo 3 Facility | LIBOR | Minimum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.30%      
Secured financing agreements | MBS Repo 3 Facility | LIBOR | Maximum                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.85%      
Secured financing agreements | MBS Repo 4 Facility                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 148,819             $ 148,819      
Maximum Facility Size 100,000             100,000      
Principal Amount $ 60,000             $ 60,000     13,824
Current maturity period, relative to when the buyer delivers notice to the seller               270 days      
Secured financing agreements | MBS Repo 4 Facility | LIBOR                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.25%      
Secured financing agreements | MBS Repo 5 Facility                      
Secured Financing Agreements                      
Interest rate (as a percent) 4.09%             4.09%      
Pledged Asset Carrying Value $ 85,080             $ 85,080      
Maximum Facility Size 150,000             150,000      
Principal Amount 78,677             78,677     55,437
Secured financing agreements | Investing and Servicing Segment Property Mortgages                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 258,437             258,437      
Maximum Facility Size 242,499             242,499      
Principal Amount 224,601             224,601     219,237
Secured financing agreements | Ireland Mortgage                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 450,129             450,129      
Maximum Facility Size 359,677             359,677      
Principal Amount 359,677             $ 359,677     362,854
Secured financing agreements | Ireland Mortgage | EURIBOR                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.93%      
Secured financing agreements | Woodstar I Mortgages                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 341,271             $ 341,271      
Maximum Facility Size 276,748             276,748      
Principal Amount $ 276,748             $ 276,748     276,748
Secured financing agreements | Woodstar I Mortgages | Minimum                      
Secured Financing Agreements                      
Interest rate (as a percent) 3.72%             3.72%      
Secured financing agreements | Woodstar I Mortgages | Maximum                      
Secured Financing Agreements                      
Interest rate (as a percent) 3.97%             3.97%      
Secured financing agreements | Woodstar I Government Financing                      
Secured Financing Agreements                      
Pledged Asset Carrying Value $ 196,030             $ 196,030      
Maximum Facility Size 130,031             130,031      
Principal Amount $ 130,031             $ 130,031     131,179
Secured financing agreements | Woodstar I Government Financing | Minimum                      
Secured Financing Agreements                      
Interest rate (as a percent) 1.00%             1.00%      
Secured financing agreements | Woodstar I Government Financing | Maximum                      
Secured Financing Agreements                      
Interest rate (as a percent) 5.00%             5.00%      
Secured financing agreements | Woodstar II Mortgages                      
Secured Financing Agreements                      
Pledged Asset Carrying Value $ 523,013             $ 523,013      
Maximum Facility Size 417,669             417,669      
Principal Amount $ 417,669             $ 417,669     417,669
Secured financing agreements | Woodstar II Mortgages | Minimum                      
Secured Financing Agreements                      
Interest rate (as a percent) 3.81%             3.81%      
Secured financing agreements | Woodstar II Mortgages | Maximum                      
Secured Financing Agreements                      
Interest rate (as a percent) 3.85%             3.85%      
Secured financing agreements | Woodstar II Government Financing                      
Secured Financing Agreements                      
Pledged Asset Carrying Value $ 38,421             $ 38,421      
Maximum Facility Size 25,147             25,147      
Principal Amount $ 25,147             $ 25,147     25,311
Secured financing agreements | Woodstar II Government Financing | Minimum                      
Secured Financing Agreements                      
Interest rate (as a percent) 1.00%             1.00%      
Secured financing agreements | Woodstar II Government Financing | Maximum                      
Secured Financing Agreements                      
Interest rate (as a percent) 3.19%             3.19%      
Secured financing agreements | Medical Office Mortgages                      
Secured Financing Agreements                      
Pledged Asset Carrying Value $ 664,205             $ 664,205      
Maximum Facility Size 524,499             524,499      
Principal Amount 494,309             $ 494,309     492,828
Secured financing agreements | Medical Office Mortgages | LIBOR                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.50%      
Secured financing agreements | Master Lease Mortgages                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 328,890             $ 328,890      
Maximum Facility Size 194,900             194,900      
Principal Amount $ 194,900             $ 194,900     194,900
Secured financing agreements | Master Lease Mortgages | Minimum                      
Secured Financing Agreements                      
Interest rate (as a percent) 4.38%             4.38%      
Secured financing agreements | Infrastructure Acquisition Facility                      
Secured Financing Agreements                      
Pricing margin (as a percent)       1.50%              
Pledged Asset Carrying Value $ 1,276,574             $ 1,276,574      
Maximum Facility Size 1,265,209             1,265,209      
Principal Amount 980,149             980,149     1,551,148
Secured financing agreements | Infrastructure Repo                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 328,888             328,888      
Maximum Facility Size 500,000             500,000      
Principal Amount 275,472             $ 275,472      
Secured financing agreements | Infrastructure Repo | LIBOR                      
Secured Financing Agreements                      
Pricing margin (as a percent)               1.75%      
Secured financing agreements | Term Loan A                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 945,026             $ 945,026      
Maximum Facility Size 300,000             300,000      
Principal Amount 300,000             $ 300,000     300,000
Secured financing agreements | Term Loan A | LIBOR                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.25%      
Secured financing agreements | Revolving Secured Financing                      
Secured Financing Agreements                      
Maximum Facility Size 100,000             $ 100,000      
Secured financing agreements | Revolving Secured Financing | LIBOR                      
Secured Financing Agreements                      
Pricing margin (as a percent)               2.25%      
Secured financing agreements | FHLB                      
Secured Financing Agreements                      
Pledged Asset Carrying Value 957,674             $ 957,674      
Maximum Facility Size 2,000,000             2,000,000      
Principal Amount $ 513,754             $ 513,754     $ 500,000