6. Mortgage Notes, Term Loans, and Revolving Credit Facilities

The following table is a summary of the mortgage notes, term loans, and revolving credit facilities secured by the Company’s properties ($ in thousands):

					Principal Balance Outstanding⁽³⁾
Indebtedness	Weighted Average Interest Rate⁽¹⁾	Weighted Average Maturity Date⁽²⁾	Maximum Facility Size		September 30, 2018			December 31, 2017
Fixed rate loans
Fixed rate mortgages	4.02%	11/17/2025	N/A		$	4,285,301		$	1,468,294
Canyon Industrial Portfolio Mezzanine Loan	5.85%	4/5/2025	N/A			200,000			—
Total fixed rate loans	4.10%	11/7/2025				4,485,301			1,468,294
Variable rate loans
Floating rate mortgages	L+1.62%	10/4/2026	N/A			591,235			63,600
BAML Industrial Term Loan⁽⁴⁾	L+1.75%	6/1/2022	N/A			236,000			186,000
BAML Revolving Credit Facility⁽⁴⁾	L+1.75%	6/1/2022	$	236,000		127,000			186,000
Citi JW San Antonio Revolving Credit Facility	L+1.70%	9/9/2023		202,500		202,500			—
Citi JW San Antonio Term Loan	L+1.70%	9/9/2023	N/A			202,500			—
Citi Revolving Credit Facility⁽⁵⁾	L+1.88%	10/26/2020		300,000		171,200			178,831
Capital One Term Loan⁽⁶⁾	L+1.60%	12/12/2022	N/A			101,000			22,500
Capital One Revolving Credit Facility⁽⁶⁾	L+1.60%	12/12/2022		101,000		101,000			20,600
Total variable rate loans	3.95%	2/6/2024				1,732,435			657,531
Total loans secured by the Company's properties	4.06%	5/13/2025				6,217,736			2,125,825
Deferred financing costs, net						(49,363	)		(16,075	)
Premium on assumed debt, net						1,731			1,541
Mortgage notes, term loans, and revolving credit facilities, net					$	6,170,104		$	2,111,291

⁽¹⁾

The term “L” refers to the one-month LIBOR. As of September 30, 2018 and December 31, 2017, one-month LIBOR was equal to 2.3% and 1.6%, respectively.

⁽²⁾

For loans where the Company, at its sole discretion, has extension options, the maximum maturity date has been assumed.

⁽³⁾

The majority of the Company’s mortgages contain yield or spread maintenance provisions. In addition, the majority of the Company’s loans are interest only except for certain loans with amortization provisions after a certain period of time.

⁽⁴⁾

The BAML Industrial Term Loan and BAML Revolving Credit Facility are secured by certain of the Company’s industrial assets.

⁽⁵⁾

As of September 30, 2018, the Citi Revolving Credit Facility is secured by certain of the Company’s multifamily investments and as of December 31, 2017, certain of the Company’s hotel investments.

⁽⁶⁾

The Capital One Term Loan and Capital One Revolving Credit Facility are secured by certain of the Company’s industrial assets.

The following table presents the future principal payments due under the Company’s mortgage notes, term loans, and revolving credit facilities as of September 30, 2018 ($ in thousands):

Year	Amount
2018 (remaining)	$	802
2019		18,049
2020		204,998
2021		6,052
2022		639,140
Thereafter		5,348,695
Total	$	6,217,736