Secured Financings on Investments in Real Estate Debt (Tables)

9 Months Ended

Sep. 30, 2020

Disclosure Of Repurchase Agreements [Abstract]

Summary of Secured Financings on Investments in Real Estate Debt

The following tables are a summary of the Company’s secured financings on investments in real estate debt ($ in thousands):

	September 30, 2020
Indebtedness	Weighted Average Maturity Date(1)	Security Interests	Collateral Assets(2)		Outstanding Balance		Prepayment Provisions
RBC MRA	3/20/2021	CMBS/Corporate bonds	$	1,678,005	$	1,172,595	None
Barclays MRA	9/29/2021	CMBS		1,160,359		750,000	None
DB Secured Financing	4/2/2022	Term Loan		409,154		263,866	None
Citi MRA	3/30/2021	CMBS/RMBS		265,697		170,412	None
Citi Term Loan TRS	7/9/2021	Term Loans		55,527		36,072	None
			$	3,568,742	$	2,392,945

	December 31, 2019
Indebtedness	Weighted Average Maturity Date(1)	Security Interests	Collateral Assets(2)		Outstanding Balance		Prepayment Provisions
RBC MRA	6/23/2020	CMBS/Corporate bonds	$	1,980,951	$	1,561,642	None
Barclays MRA	9/29/2021	CMBS		981,652		750,000	None
MS MRA	2/1/2020	CMBS		636,734		508,510	None
Citi MRA	1/14/2020	CMBS/Corporate bonds		266,406		205,762	None
MUFG MRA	4/30/2020	CMBS		86,332		62,561	None
BAML MRA	1/24/2020	CMBS/Corporate bonds		4,807		3,662	None
			$	3,956,882	$	3,092,137

⁽¹⁾ Subsequent to quarter end, the Company rolled its repurchase agreement contracts expiring in October 2020 into new contracts.

⁽²⁾ Represents the fair value of the Company’s investments in real estate debt that serve as collateral.