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Secured Financings On Investments In Real Estate Debt (Tables)
 9 Months Ended
Sep. 30, 2021
Secured Financings On Investments In Real Estate Debt [Abstract]  
Schedule of Secured Financings on Investments in Real Estate Debt Transactions

For financial statement purposes, the Company does not offset its secured financings on investments in real estate debt and securities lending transactions because the conditions for netting as specified by GAAP are not met. Although not offset on the Company’s Condensed Consolidated Balance Sheets, these transactions are summarized in the following tables ($ in thousands):

 

 

 

 

 

 

 

September 30, 2021

 

Indebtedness

 

Maturity Date

 

Coupon

 

Collateral

Assets(1)

 

 

Outstanding

Balance

 

Barclays RA

 

2/26/2026

 

L + 2.50%

 

$

485,406

 

 

$

134,835

 

 

 

 

 

 

 

$

485,406

 

 

$

134,835

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

Indebtedness

 

Weighted

Average

Maturity Date

 

Weighted

Average

Coupon

 

 

Collateral

Assets(1)

 

 

Outstanding

Balance

 

RMBS

 

3/17/2021

 

1.93%

 

 

$

155,538

 

 

$

105,804

 

CMBS

 

1/6/2021

 

2.10%

 

 

 

2,867

 

 

 

2,450

 

 

 

 

 

 

 

 

 

$

158,405

 

 

$

108,254

 

 

(1)

Represents the fair value of the Company’s investments in real estate debt.