The following table presents certain information regarding the Company’s notes payable, secured revolving repurchase agreements, and senior secured credit facility as of March 31, 2018 and December 31, 2017, respectively. Except as otherwise noted, all agreements are on a non-recourse basis. Amounts included are shown in thousands:

As of March 31, 2018
Notes Payable	Maturity Date	Index Rate	Weighted Average Spread			Interest Rate			Commitment Amount		Maximum Current Availability		Balance Outstanding		Principal Balance of Collateral
Bank of the Ozarks	08/23/19	1 Month Libor		4.5	%		6.2	%	$	92,400	$	33,370	$	59,030	$	84,329
Bank of the Ozarks	08/31/18	1 Month Libor		4.0			5.7			65,017		12,762		52,255		74,651
Deutsche Bank	09/25/19	1 Month Libor		3.5			5.2			64,779		12,817		51,962		86,603
Deutsche Bank	06/29/18	1 Month Libor		3.3			4.9			49,644		16,403		33,241		51,140
Bank of the Ozarks	05/22/18	1 Month Libor		4.8			6.4			26,417		17,815		8,602		18,123
BMO Harris Bank⁽¹⁾	04/09/20	1 Month Libor		2.7			4.3			32,500		—		32,500		45,000
Subtotal										330,757		93,167		237,590		359,846

Repurchase Agreements	Maturity Date	Index Rate	Weighted Average Spread			Interest Rate			Commitment Amount		Maximum Current Availability		Balance Outstanding		Principal Balance of Collateral
Goldman Sachs⁽¹⁾	08/19/18	1 Month Libor		2.1	%		3.9	%	$	750,000	$	277,080	$	472,920	$	656,159
Wells Fargo⁽¹⁾	05/25/19	1 Month Libor		2.1			3.9			750,000		320,217		429,783		572,996
JP Morgan⁽¹⁾	08/20/18	1 Month Libor		2.5			4.2			376,407		108,783		267,624		381,176
Morgan Stanley⁽¹⁾	05/04/19	1 Month Libor		2.4			4.2			500,000		234,904		265,096		364,587
US Bank⁽¹⁾	12/09/19	1 Month Libor		2.0			4.0			150,000		78,600		71,400		93,000
Goldman Sachs (CMBS)⁽²⁾	06/01/18	3 Month Libor		—			2.0			100,000		64,782		35,218		39,127
Royal Bank of Canada (CMBS)⁽²⁾	06/20/18	3 Month Libor		1.0			3.2			100,000		92,291		7,709		8,418
Subtotal										2,726,407		1,176,657		1,549,750		2,115,463

Senior Secured Credit Facility	Maturity Date	Index Rate	Weighted Average Spread			Interest Rate			Commitment Amount		Maximum Current Availability		Balance Outstanding		Principal Balance of Collateral
Bank of America⁽¹⁾	09/29/20	1 Month Libor		2.5			4.4		$	250,000	$	160,400		89,600		112,000
Total									$	3,307,164	$	1,430,224	$	1,876,940	$	2,587,309

⁽¹⁾	Borrowings under secured revolving repurchase agreements, senior secured credit facility, and one note payable with a guarantee for 25% recourse.

⁽²⁾	Borrowings under secured revolving repurchase agreements with a guarantee for 100% recourse. Maturity Date represents the sooner of the next maturity date of the CMBS secured revolving repurchase agreement, or roll date for the applicable underlying trade confirmation, subsequent to March 31, 2018.

As of December 31, 2017
Notes Payable	Maturity Date	Index Rate	Weighted Average Spread			Interest Rate			Commitment Amount		Maximum Current Availability		Balance Outstanding		Principal Balance of Collateral
Bank of the Ozarks	08/23/19	1 Month Libor		4.5	%		5.9	%	$	92,400	$	43,979	$	48,421	$	69,172
Bank of the Ozarks	08/31/18	1 Month Libor		4.0			5.4			68,600		14,151		54,449		77,784
Deutsche Bank	09/25/19	1 Month Libor		3.5			4.9			64,779		15,895		48,884		81,473
Deutsche Bank	06/29/18	1 Month Libor		3.3			4.6			49,644		18,224		31,420		48,339
Bank of the Ozarks	05/22/18	1 Month Libor		4.8			6.1			48,750		17,479		31,271		48,109
Deutsche Bank	12/09/18	1 Month Libor		3.7			5.0			42,543		1		42,542		60,775
BMO Harris Bank⁽¹⁾	04/09/20	1 Month Libor		2.7			4.0			32,500		—		32,500		45,000
Subtotal										399,216		109,729		289,487		430,652

Repurchase Agreements	Maturity Date	Index Rate	Weighted Average Spread			Interest Rate			Commitment Amount		Maximum Current Availability		Balance Outstanding		Principal Balance of Collateral
Goldman Sachs⁽¹⁾	08/19/18	1 Month Libor		2.2	%		3.6	%	$	750,000	$	183,253	$	566,747	$	890,736
Wells Fargo⁽¹⁾	05/25/19	1 Month Libor		2.1			3.6			750,000		232,462		517,538		814,886
JP Morgan⁽¹⁾	08/20/18	1 Month Libor		2.5			4.0			376,942		120,014		256,928		382,135
Morgan Stanley⁽¹⁾	05/04/19	1 Month Libor		2.4			3.9			500,000		120,002		379,998		533,707
US Bank⁽¹⁾	12/09/19	1 Month Libor		2.0			3.6			150,000		78,600		71,400		93,000
Goldman Sachs (CMBS)⁽²⁾	03/02/18	3 Month Libor		0.1			1.6			100,000		64,615		35,385		39,332
Royal Bank of Canada (CMBS)⁽²⁾	03/20/18	3 Month Libor		1.0			2.6			100,000		92,195		7,805		8,418
Subtotal										2,726,942		891,141		1,835,801		2,762,214

Senior Secured Credit Facility

Maturity

Date

Index Rate

Weighted Average Spread

Interest

Rate

Commitment

Amount

Maximum

Current

Availability

Balance

Outstanding

Principal

Balance of

Collateral

Bank of America⁽¹⁾

09/29/20

1 Month Libor

—

250,000

—

Total

3,376,158

1,250,870

2,125,288

3,192,866

⁽¹⁾	Borrowings under secured revolving repurchase agreements, senior secured credit facility, and one note payable with a guarantee for 25% recourse.

⁽²⁾

Borrowings under secured revolving repurchase agreements with a guarantee for 100% recourse. Maturity Date represents the sooner of the next maturity date of the CMBS secured revolving repurchase agreement, or roll date for the applicable underlying trade confirmation, subsequent to December 31, 2017.