Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Principal Contractual Obligations

Our contractual principal debt repayments as of March 31, 2022 were as follows ($ in thousands):

Year	Secured Debt(1)		Asset-Specific Debt(1)		Term Loans(2)		Senior Secured Notes		Convertible Notes(3)		Total(4)
2022	$	46,650	$	—	$	10,304	$	—	$	337,850	$	394,804
2023	770,980		—		13,738		—		220,000		1,004,718
2024	3,927,820		—		13,738		—		—		3,941,558
2025	1,345,452		469,766		13,738		—		—		1,828,956
2026	4,834,793		—		1,294,319		—		—		6,129,112
Thereafter	2,191,554		—		—		400,000		300,000		2,891,554
Total obligation	$	13,117,249	$	469,766	$	1,345,837	$	400,000	$	857,850	$	16,190,702

(1)The allocation of repayments under our secured debt and asset-specific debt is based on the earlier of (i) the maturity date of each agreement, or (ii) the maximum maturity date of the collateral loans, assuming all extension options are exercised by the borrower.

(2)The Term Loans are partially amortizing, with an amount equal to 1.0% per annum of the initial principal balance due in quarterly installments. Refer to Note 9 for further details on our term loans.

(3)Reflects the outstanding principal balance of Convertible Notes, excluding any potential conversion premium. Refer to Note 11 for further details on our Convertible Notes.

(4)Total does not include $2.9 billion of consolidated securitized debt obligations, $1.8 billion of non-consolidated senior interests, and $244.4 million of loan participations sold, as the satisfaction of these liabilities will not require cash outlays from us.